Development Accountant Job at Genuine Search Group, New York, NY

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  • Genuine Search Group
  • New York, NY

Job Description

We are working with a commercial real estate developer looking to hire a Development Accountant.

Responsibilities:

  • Maintain and manage accounting records for multiple real estate development projects
  • Track development budgets, project costs, and funding sources, ensuring expenses align with approved budgets
  • Prepare monthly financial statements and variance analyses for development projects
  • Monitor construction draws, process draw requests, and coordinate with lenders and investors on funding
  • Record and reconcile project-related transactions including capital contributions, loan activity, and development expenditures
  • Work with development and construction teams to track commitments, contracts, and change orders
  • Ensure compliance with loan agreements, partnership agreements, and reporting requirements
  • Support audits, tax preparation, and year-end financial reporting related to development entities
  • Maintain project documentation and ensure proper accounting treatment for development costs and capitalized expenses

Qualifications:

  • Bachelor’s degree in Accounting, Finance, or related field
  • 3+ years of accounting experience, preferably in real estate development
  • Strong understanding of development budgets, construction draws, and project cost tracking
  • Experience with real estate accounting software (Yardi, MRI, etc)
  • Advanced Excel skills
  • Knowledge of GAAP and real estate accounting principles

Job Tags

Full time

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