Senior Development Accountant

We are seeking a Senior Development Accountant to manage financial accounting and reporting for a portfolio of affordable housing development projects through all phases — pre-development, construction, and post-closing through stabilization and debt conversion. The right candidate brings proven experience with construction draws, cost certifications, and compliance with both public and private financing requirements, including LIHTC.

Project Accounting & Reporting

• Maintain accurate and timely accounting records for assigned projects.
• Enter and review project budgets, vendor contracts, and change orders in Yardi.
• Review and approve invoices, ensuring proper classification and supporting documentation.
• Monitor invoice aging, manage cash flow, and coordinate with development teams to verify services and materials before payment.
• Reconcile project bank accounts and key balance sheet accounts (cash, AP, loans, equity, construction in progress, intercompany).
• Prepare monthly and quarterly project financial statements and budget-to-actual reports.
• Maintain detailed support schedules (development budgets, sources & uses, loan balances, investor equity contributions, contingencies, developer fee schedules, and cash needs).

Construction Draws & Funding

• Prepare and submit monthly construction draws to lenders, investors, and public funders.
• Work with development teams, contractors, and lenders to resolve draw issues.
• Manage the Notice to Owner (NTO) log: verify contract amounts, work performed, and payment status; coordinate on potential lien claims; track lien waivers and manage payment releases.

Project Phases

• Finance Close: Prepare closing draw, coordinate closing documents, record final budgets, and funding sources in Yardi.
• Lease-Up: Track and include operating invoices incurred during lease-up in construction draws.
• Stabilization/Conversion: Prepare cost schedules for auditors, reconcile G/L with final sources and uses, manage cash flow needs during stabilization, request funds for ongoing costs, and assist with cost certification packages.

• Bachelor’s degree in Accounting, Finance, or related field.
• 5+ years of accounting experience, including 3+ years in real estate development accounting (LIHTC strongly preferred).
• Experience preparing construction draw packages and working with development budgets.
• Advanced Excel skills and proficiency with Yardi Voyager.

• Exceptional attention to detail and accuracy.
• Strong analytical and problem-solving skills.
• Excellent organizational and time management abilities.
• Effective communicator with cross-department collaboration skills.
• Ability to manage multiple projects and competing deadlines.