What are the responsibilities and job description for the Senior Accountant Development Accounting position at Hunt?
A Brief Overview
The Senior Development Accountant performs various duties to support the accounting team responsible for the vertical development projects and related entities. This position is responsible for ensuring proper accounting in accordance with generally accepted accounting principles (GAAP) for various types and phases for real estate development projects. This position works closely and frequently with developers, equity partners, lenders and property managers in order to accurately and efficiently perform monthly tasks. This position reports to the Development Accounting Manager.
What you will do
- Assists in accounting activities for new real estate development project closings, including review of partnership agreements, loan documents, purchase and sale agreements, guarantees, and closing statements.
- Works closely with the development team to prepare and manage construction loan draws, capital calls, and related budget-to-actual analysis to support project funding requirements.
- Serves as contact for auditors for documentation, support, and detailed schedules.
- Manages positive, collaborative, and successful relationships with developers, partners, lenders, and vendors with respect to funding, payments, contracts, invoicing, and reporting.
- Reviews complex debt, equity, guarantee, and ownership structures to ensure proper accounting treatment and corporate reporting compliance.
- Prepares and assists in the review of monthly, quarterly, and annual financial reporting packages for corporate accounting, lenders, joint venture partners, and management.
- Effectively manages the schedule for a portfolio of projects with various deadlines and requirements.
- Assists in accounting for complex real estate transactions, including ownership modifications, development-to-operations transitions, hypothetical liquidation analysis, and property dispositions.
- Serves as a strategic adviser to management by providing financial analysis, identifying risks, and developing creative solutions for project and accounting-related issues.
- Maintains a drive towards process improvement, compliance, and reporting consistency across the development portfolio.
Qualifications
- Bachelor's Degree in accounting required.
- 4-6 years of accounting experience, preferably corporate accounting, and reporting required.
- Experience with real estate development or property management, including construction draws, budgets, and contracts required.
- Experience with Workday and/or other large ERP systems preferred.
- Proficiency in Microsoft Excel, including advanced formula knowledge and experience with PivotTables and lookup functions required.
- Must be able to work within specified deadlines and prioritize time effectively.
- Ability to identify problems, collect and analyze data, and draw logical conclusions.
- Ability to multitask and work as part of a team to meet team goals in addition to individual responsibilities.
- Strong analytical and detail-oriented with strong organizational skills.
- Ability to maintain confidentiality.
- Strong computer skills and proficiency with MS Office applications. Advanced working knowledge of MS Excel is required.
- Requires a detail-oriented, independent thinker who can be a part of a team and demonstrate strong attention to detail, and demonstrate knowledge of accounting practices and procedures.
- Must demonstrate excellent written and verbal communication skills and interpersonal skills, particularly the ability to communicate effectively with all levels of management and industry professionals.
- Certified Public Accountant (CPA) Upon Hire preferred.
Compensation
We are committed to offering competitive and equitable compensation. Final salaries will be determined based on factors such as geographic location, skills, education, licenses, certifications, and/or experience. In addition to these factors – we believe in the importance of pay equity. We consider internal and external factors as a part of every final offer. We also offer a generous total compensation and benefits package.
Benefits
A competitive salary is only one part of your total rewards. We also offer a comprehensive benefits package, including paid time off, medical, dental, life and disability insurance, HSA/FSA accounts, retirement, rewards programs, and so much more!
Click Here for Benefits Overview
https://www.huntmilitarycommunities.com/careers/benefits
EEO/ADA
The Company and its affiliates provides equal employment opportunity to all individuals regardless of their race, color, creed, religion, gender, age, sexual orientation, national origin, disability, veteran status, or any other characteristic protected by state, federal, or local law. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.
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