Real Estate Development Accountant

Job Summary

We are seeking a detail-oriented and experienced Real Estate Development Accountant to manage financial operations across real estate development and construction projects throughout their full lifecycle. This role is responsible for project accounting, construction draws, cost tracking, budgeting, and financial reporting, while also supporting audits, tax preparation, and lender/investor compliance.

The ideal candidate has strong experience in construction and development accounting, including job costing, capitalized costs, draw processes, and multi-entity structures.

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Key Responsibilities

Project Accounting & Cost Management

• Track and monitor project costs across multiple developments and phases
• Ensure accurate cost allocation and capitalization in compliance with accounting standards
• Analyze actual costs versus budgets and forecasts; identify variances and recommend solutions
• Maintain detailed job cost reports and project-level financials
• Partner with project managers to ensure accurate financial tracking

Draw Management & Construction Financing

• Prepare, submit, and track construction draws and payment applications
• Prepare settlement statements for financing closings
• Record lender draws, capital contributions, and distributions
• Reconcile draws to budgets, contracts, and loan agreements
• Ensure compliance with lender requirements and deadlines
• Coordinate with lenders, contractors, and internal stakeholders

Budgeting & Forecasting

• Assist in developing project budgets and financial forecasts
• Update projections based on project progress and change orders
• Provide financial insights to project teams
• Prepare and maintain project cash flow forecasts

General Ledger & Financial Reporting

• Maintain general ledger accounts across multiple entities (LLCs, partnerships)
• Perform monthly bank reconciliations and account analyses
• Prepare journal entries and monthly financial reporting packages
• Assist in quarterly and annual financial statement preparation
• Ensure proper classification of expenses and capitalized costs

Audit, Tax & Compliance Support

• Prepare audit workpapers and support tax return preparation
• Assist with cost certifications for contractors and owners
• Maintain documentation for financing, contracts, and approvals
• Ensure compliance with internal controls and partnership agreements

Systems & Process Support

• Maintain accurate data in accounting and project management systems (e.g., QuickBooks, Smartsheet)
• Utilize advanced Excel functions (pivot tables, modeling, etc.)
• Support process improvements and financial reporting enhancements
• Maintain organization across multiple development entities
• Collaborate with development, construction, and leadership teams
• Support reporting, documentation, and special projects as needed

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Qualifications

Education

• Bachelor's degree in Accounting, Finance, or a related field (required)

Experience

• 3–7+ years of accounting experience
• Experience in real estate development or construction accounting strongly preferred
• Proven experience with project-based accounting and job costing required.

Technical Skills

• Strong knowledge of construction/development accounting principles
• Proficiency with QuickBooks or similar accounting software
• Advanced Microsoft Excel skills
• Experience with Smartsheet, SharePoint, and other business tools a plus

Core Competencies

• Strong attention to detail and accuracy
• Excellent analytical and problem-solving skills
• Ability to manage multiple projects and deadlines
• Strong organizational and documentation skills
• Effective communication with cross-functional teams
• Ability to thrive in a fast-paced, deadline-driven environment

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Why Join Us?

• Opportunity to work on impactful real estate development projects
• Competitive compensation and benefits
• Growth and professional development opportunities