An established boutique real estate owner and developer is building out its accounting and development capabilities to support an expanding portfolio of projects. The company offers a collaborative, hands-on environment where employees work closely with decision-makers and contribute directly to business operations. We are seeking a Development & Property Accountant who enjoys managing the financial details behind real estate development and property operations. This is an opportunity to broaden your experience across construction accounting, project financial reporting, and property accounting while growing alongside an expanding development team.
What You’ll Do
Oversee day-to-day accounting for real estate development projects, from initial setup through completion
Track project expenditures, construction costs, capital improvements, budgets, and financial commitments
Maintain accurate accounting records for contracts, subcontractor payments, purchase orders, change orders, and retainage
Prepare lender draw requests, supporting financial schedules, and project reconciliations
Partner with project managers to monitor budgets, evaluate variances, and update cost forecasts
Support property accounting activities, including general ledger maintenance, receivables, rent rolls, and related financial transactions
Assist with monthly and quarterly close, including journal entries, accruals, and balance sheet reconciliations
Prepare project-level financial statements, investor reports, and lender compliance documentation
Monitor cash requirements, project funding schedules, and potential financial risks
Coordinate with development, construction, accounting, and treasury teams to ensure accurate and timely financial reporting
Assist with audit documentation, project closeout, and tax-related cost schedules
What Success Looks Like
Project accounting records are accurate, organized, and consistently maintained
Development leadership receives timely, reliable information on budgets, expenditures, and financial performance
Lender draw packages, reconciliations, and reporting are completed accurately and on schedule
Potential budget overruns and financial discrepancies are identified and communicated proactively
Development and accounting teams have dependable financial support throughout the project lifecycle
Who You Are
Required Qualifications
At least 3 years of relevant real estate accounting experience, ideally within development or property accounting, with flexibility for candidates bringing meaningful related experience
Currently have experience with real estate accounting activities such as property financial transactions, capital expenditures, contracts, or project costs
Currently have experience with general ledger accounting, accounts receivable, and financial reconciliations
Bachelor's degree in Accounting, Finance, or a related field
Strong organizational skills, attention to detail, and the ability to manage competing deadlines
Effective communication skills and the ability to collaborate with accounting and operational teams
Proficiency in Microsoft Excel
Preferred Qualifications
Experience with RealPage, Yardi, or comparable real estate accounting software
Exposure to construction accounting, development budgets, lender draws, and subcontractor payment processes
Familiarity with rent rolls, capital expenditures, and property accounting operations
Advanced Excel skills or Excel certification
MBA or additional relevant accounting education
Salary Range: $82,000 - 125,000 annually, based on experience
Location: New York, NY - Fully on site
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