Overview
The Development Accountant is responsible for accounting duties for a project portfolio. This role is part of the Central Region accounting team and supports department and organization-wide goals. The position requires the ability to work independently and collaboratively in a team setting.
Responsibilities
- Financial Accounting: Apply generally accepted accounting principles (GAAP) to compile and analyze financial information into financial statements and accounting reports.
- Prepare appropriate journal entries in the general ledger by checking calculations, reviewing the basis for figures, and balancing and reconciling figures.
- Cost Accounting & Budget Management: Maintain development and construction budgets across the project life cycle.
- Complete forecasting and analysis to support accurate and complete job cost reports.
- Assist development and construction directors in managing project budgets.
- Project Abstracts: Develop an understanding of underlying agreements and investment materials for assigned projects.
- Become familiar with relevant sections, including commitments, cost classifications, JV and lender requirements, and project fees.
- Customer Relationships: Establish and maintain professional communication with internal and external project stakeholders.
- Support stakeholder satisfaction by responding to requests from external investors, lenders, and others related to financial reports, project updates, and construction draws.
- Cash Management: Manage assigned cash accounts accurately and timely.
- Perform monthly bank reconciliations, wire transfers, deposits, and other payment processes to ensure vendors are paid on time.
- Work with development and construction teams to forecast cash needs accurately.
- Collaboration: Build and maintain working relationships with other departments, including (but not limited to) Accounts Payable, Finance, Asset Management, Property Management, Development, and Construction.
- Annual Audits: Serve as a liaison to internal and external auditors.
- Explain journal entries and financial transactions, provide requested research/data, and answer questions to help complete audits in a timely manner.
Requirements
- Bachelor’s degree in Accounting
- 1–2+ years of professional accounting experience; construction or real estate development experience preferred
- Proficient in Microsoft Excel
- Strong attention to detail with creative problem-solving skills
- Excellent interpersonal and relationship-management skills, with the ability to establish, cultivate, and maintain relationships across internal and external stakeholders
- Demonstrated ability to think critically and work independently, exercising sound judgment to drive tasks forward with minimal oversight
Compensation & Benefits
- Salary range: $70,000 - $78,000
- Additional compensation:
- Corporate positions: may be eligible for a quarterly or annual bonus program based on individual and company performance.
- Onsite property positions: may be eligible for weekly, monthly, and/or quarterly bonus programs.
- Robust benefits (full-time employees):
- Competitive Medical, Dental, Vision, and Disability & Life insurance; low (free basic) employee medical costs for employee-only coverage
- Generous Paid Time off: 15 days of vacation, 4 personal days, 10 sick days, and 11 paid holidays for new hires; birthday off after 1 year of service; additional vacation accrued with tenure
- Onsite team members: onsite housing discount at organization-managed communities (subject to discount and unit availability)
- 6-week paid sabbatical after 10 years of service (and every 5 years thereafter)
- 401(k) with company match up to 6% of pay after 6 months of service
- Paid Parental Leave and lifetime Fertility Benefit reimbursement up to $10,000 (includes adoption or surrogacy)
- Employee Assistance Program
- Critical Illness, Accident, Hospital Indemnity, Pet Insurance, and Legal Plans
- Charitable giving program and benefits
- Benefits for Union and Prevailing Wage roles may vary due to Collective Bargaining Agreements and/or local governing authority.
Location
- This position may be performed remotely anywhere within the United States except the state of Alaska.
Other Information
- Anticipated closing date: January 1, 2027 (may change due to evolving business needs)
- Equal opportunity employer. The organization will consider qualified applicants with arrest and conviction records.