Bisnow Media
Senior Real Estate Development Accountant
New York City · Senior · Contract
Sponsorship not specified$115k-$120kDetected 13 days ago
Financial ModelingFinancial AnalysisAccountingBudgetingExcelProcess ImprovementLeadershipGAAPFinancial ReportingInternal AuditAccounts Payable
About the role
- Our SelectLeaders client is seeking a Senior Real Estate Development Accountant to play a lead role in the budgeting and financial management of affordable housing development projects from predevelopment, closing, construction, stabilization, and conversion. Reporting directly to the Controller of Housing, this individual will serve as a strategic partner
- in driving excellence across the financial operations of the development pipeline.
Responsibilities
- Participate in development project meetings to provide financial updates, assess risk, and support business decision-making.
- Coordinate with tax advisors, external accountants, agencies, and partners on key deliverables, including development budgets, eligible basis calculations, carryover allocations, cost certifications, bond tests (50%/25%), and 8609 filings.
- Partner with Project Managers to maintain and update detailed development and construction budgets.
- Establish and maintain project controls within Yardi, including job cost budgets, contracts, sources and uses, and expense tracking.
- Maintain organized project documentation to support audits, compliance reviews, and funder reporting.
- Lead the construction loan draw process across multiple active development projects.
- Support project closeout activities, including final cost certification, reconciliations, and documentation.
- Serve as a key cross-functional partner on development finance matters, including cash management, funding timelines, and compliance.
- Collaborate with Finance, IT, and external consultants to improve accounting systems and processes, including Yardi optimization initiatives.
- Support the development and implementation of standard operating procedures related to development finance activities.
Requirements
- 5-8+ years of accounting experience within real estate development, with significant exposure to affordable housing projects.
- Demonstrated experience managing construction loan draws and development/construction budgets.
- Strong knowledge of LIHTC transactions and affordable housing financing structures.
- Advanced proficiency in Yardi, including job cost, general ledger, and reporting functions.
- CPA preferred.
- Advanced Excel skills, including pivot tables, lookups, financial modeling, and budget tracking.
- Ability to manage multiple projects and deadlines in a fast-paced development environment.
Nice to have
- Bachelor's degree in Accounting, Finance, or related field required
Compensation
- Support monthly close and annual audit processes related to the development pipeline.
Benefits
- Monitor draw schedules to ensure timely reimbursement of project expenditures.
Apply directly at Bisnow Media →Create a free account for alerts like thisView Bisnow Media immigration profile
This listing is sourced directly from Bisnow Media's careers page and normalized into a canonical job model.