What are the responsibilities and job description for the Senior Development Accountant position at Trandon Associates, Inc?
Senior Development Accountant
About the Opportunity
A leading New York City real estate owner, developer, and property management firm is seeking a Senior Development Accountant to join its growing accounting and development team. This position will be responsible for the financial oversight and accounting administration of multiple development, capital improvement, and construction projects across a diverse real estate portfolio.
The ideal candidate will possess a strong foundation in development and construction accounting, with experience managing project costs, lender draw packages, AIA billing, budget tracking, and financial reporting. This individual will work closely with Development Managers, Project Managers, and senior leadership to ensure accurate financial reporting, cost control, and compliance throughout all phases of the development lifecycle.
Responsibilities
- Manage the accounting and financial administration of multiple development and construction projects from pre-development through project completion.
- Prepare, review, and process AIA billings, lender draw packages, pencil requisitions, and owner billings.
- Partner with Development and Project Management teams to prepare and submit monthly payment applications and draw requests.
- Review and process subcontractor payment applications and supporting documentation for accuracy and contract compliance.
- Monitor subcontractor insurance certificates, lien waivers, and bonding requirements.
- Track project budgets, commitments, change orders, and job costs to ensure accurate financial reporting.
- Prepare monthly account reconciliations, project cost analyses, and development-related financial reports.
- Record month-end journal entries and allocate project-related expenses, indirect costs, and shared overhead.
- Analyze project financial performance and assist with forecasting, cash flow planning, and cost-to-complete reporting.
- Provide project teams with timely financial information, budget updates, and variance analyses.
- Coordinate with accounting, development, and construction personnel to ensure adherence to company policies and internal controls.
- Identify and communicate potential cost overruns, accounting discrepancies, and financial risks.
- Support month-end, quarter-end, and year-end close processes related to development and construction activities.
- Assist with lender reporting requirements, audits, and special projects as needed.
Salary: $130,000 - $165,000
Salary : $120,000 - $165,000