Senior Development Accountant

The ideal candidate will have experience in month-end close activities, budgeting and forecasting, and customer billing. They are highly organized, detail-oriented, and possess strong analytical and problem-solving skills. The successful candidate will be a critical thinker who can assess complex situations and develop practical, effective solutions.

Position Objective:

The Senior Development Accountant is responsible for managing the full lifecycle of accounting and financial activities for real estate development projects, from pre-development through construction, placed-in-service, and transition to operations. This role partners closely with Development Project Managers, Construction Accounting, Property Management Accounting, lenders, investors, auditors, and internal leadership to ensure accurate financial reporting, compliance with debt and equity requirements, and timely funding of projects. The Senior Development Accountant plays a key role in cash flow forecasting, loan and equity draws, cost certifications, tax credit compliance (Low Income Housing Tax Credits, Historic, and New Markets Tax Credits), and provides strategic financial guidance throughout the development process.

Job Responsibilities:

·       The Senior Development Accountant manages pre-development financial activities by tracking costs, forecasting cash flow, reconciling reimbursements, invoicing partners, and supporting Development Project Managers with analysis of financial projections and pro-forma.

·        This position is intimately involved in project closings by attending closing calls, preparing closing entries, and coordinating with lenders, title companies, and internal teams. The Senior Development Accountant reviews key financial terms within partnership, loan, and lease agreements and prepares sources and uses schedules, developer fee schedules, and equity installment schedules to support financing execution.

·        The role leads the monthly draw process for the team, ensuring timely disbursement from funding sources. Responsibilities include tracking, resolving funding issues and ensuring costs are paid timely after draws are funded.

·        The Senior Development Accountant oversees tax credit compliance and cost certification activities for Low Income Housing Tax Credits (LIHTC), Historic, and New Markets Tax Credit (NMTC) projects. This includes preparing required workbooks and documentation, coordinating with auditors and investors, monitoring eligible basis and qualified costs, and supporting equity funding milestones throughout construction and completion.

• ·        The position supports the transition of projects to operations by partnering with Property Management Accounting to track post-closing activity, deferred developer fee balances, and compliance reporting. The Senior Development Accountant also prepares year-end accruals and development-stage workpapers, responds to audit and partner inquiries, and delivers financial insight and projections to the Director of Development Accounting, internal leadership and external owners.

Qualifications

• 3 years' of professional accounting experience
• Finance Major
• MBA Preferred