Accountant, Real Estate Development

Reef; Lehi (UT); Hybrid; USD 75,000 - 90,000; Full time

Benefits offered by this job

401(k) Plan with Company Match

Generous Health Plan with HSA Match

Flexible Paid Time-off

Daily Company Lunches

Cell Phone Service Allowance

Discounts at Company-owned Resorts and

Golf Courses

Job summary

Reef Capital, a Utah-based investment and development firm, is seeking an Accountant, Real Estate Development to manage day-to-day accounting for real estate entities and investments. The role provides exposure to multi-entity consolidations, GAAP reporting, and intercompany transactions while partnering with the Controller to grow ownership of close and reporting processes.

The position requires 2–4 years of progressive accounting experience in real estate development, strong attention to

Qualifications

• Bachelor's degree in accounting is required.
• 2–4 years of progressive accounting experience, with exposure to real estate development and construction.
• High attention to detail, strong organizational skills, and ability to manage multiple entities and deadlines.
• Excellent written and verbal communication skills, with the ability to collaborate across accounting, construction, asset management, and investment teams.
• CPA license or active pursuit of CPA licensure a plus, not required.
• Experience or interest in utilizing AI tools.

Responsibilities

• Maintain day-to-day accounting for assigned real estate development entities and operating real estate investments, including entities within a joint venture or SPE structure.
• Prepare monthly, quarterly, and annual financial statements in accordance with GAAP, including standard elimination entries for intercompany transactions, under the review of the Controller.
• Support accounting for real estate-specific transactions under ASC 360 (Property, Plant & Equipment) and ASC 842 (Leases), including capitalization of development costs and lease classification.
• Perform month-end close tasks for assigned entities, including journal entries, account reconciliations, and supporting schedules.
• Assist in preparation of year-end tax financial statements, helping coordinate information requests from external tax preparers.
• Manage intercompany and related-party billing tasks, ensuring proper documentation for shared services, management fees, and cost allocations.
• Issue invoice payments and help monitor cash positions across the entity structure.
• Prepare ad hoc reporting and data summaries for management as needed.
• Identify opportunities to improve and automate recurring reports and close-related processes.
• Participate in special projects and perform other duties as assigned

Skills

Attention to detail

Organizational skills

Written and verbal communication

Cross-functional collaboration

Interest in AI tools

Education

Bachelor's degree in accounting

CPA licensure pursued

Job description

Position Title: Accountant, Real Estate Development

Company: Reef Capital

Salary: $75,000-$90,000

Location: Lehi, UT; Hybrid

About Reef

Reef is a Utah-based vertically integrated investment and development firm founded in 2005. Reef's team is currently involved in some of the most prominent development transactions in Utah and other targeted geographies across the United States.

Built on two decades of success, our investment approach combines proven expertise with purposeful innovation. Reef's team has completed more than 500 transactions across all lines of business. In addition to our real estate investment strategy, Reef and/or affiliates own and operate various businesses that add significant long-term value to its projects. We have grown rapidly, growing from about 25 employees to well over 400, with managed assets on behalf of over 750 institutional and individual partners worldwide.

With the motto "Expect the Best," Reef's most prominent developments include Black Desert Resort, a $2 billion luxury resort in Ivins, Utah; Marcella, a luxury private golf community in Park City, Utah; Tributer Resort, Virginia's newest premier private lakeside golf destination; Cornerstone Club, a 5,000-acre residential community, private club, and resort in Telluride, Colorado; Sweetens Cove, a renowned and evolving golf destination nestled in the Tennessee Valley; and the restoration of the historic Coco Palms Resort in Wailua, on the island of Kauai, Hawaii.

Our culture is defined by a shared set of principles that guide how we think, collaborate, make decisions, and pursue success together. This mindset serves as the foundation for the five principles that define how we work together: first, we are One Reef, always prioritizing the success of the whole over individual agendas; we speak candidly and respond collaboratively; we move in solidarity once a decision is made; we take full accountability for outcomes in our domain; and we refuse to settle for anything less than extraordinary. These aren't aspirational values posted on a wall. They are the behaviors we hire for, develop, reward, and exhibit each day. Candidates who thrive at Reef bring energy, ownership, and a genuine commitment to raising the bar on everything they touch.

Position Summary

The Accountant, Real Estate Development supports full-cycle accounting across a portfolio of real estate development entities and operating real estate investments, with exposure to multi-entity consolidations, GAAP reporting, and intercompany/related-party transactions. This role works closely with the Controller and reports into the broader accounting team, gaining hands‑on experience with special-purpose entities while building toward greater ownership of the close and reporting process.

Responsibilities

• Maintain day-to-day accounting for assigned real estate development entities and operating real estate investments, including entities within a joint venture or SPE structure
• Prepare monthly, quarterly, and annual financial statements in accordance with GAAP, including standard elimination entries for intercompany transactions, under the review of the Controller
• Support accounting for real estate-specific transactions under ASC 360 (Property, Plant & Equipment) and ASC 842 (Leases), including capitalization of development costs and lease classification
• Perform month-end close tasks for assigned entities, including journal entries, account reconciliations, and supporting schedules
• Assist in preparation of year-end tax financial statements, helping coordinate information requests from external tax preparers
• Manage intercompany and related-party billing tasks, ensuring proper documentation for shared services, management fees, and cost allocations
• Issue invoice payments and help monitor cash positions across the entity structure
• Prepare ad hoc reporting and data summaries for management as needed
• Identify opportunities to improve and automate recurring reports and close-related processes
• Participate in special projects and perform other duties as assigned

Qualifications

• Bachelor's degree in accounting is required
• 2-4 years of progressive accounting experience, with meaningful exposure to real estate development and construction
• High attention to detail, strong organizational skills, and ability to manage multiple entities and deadlines simultaneously
• Excellent written and verbal communication skills, with the ability to collaborate across accounting, construction, asset management, and investment teams
• CPA license or active pursuit of CPA licensure a plus, not required
• Experience or interest in utilizing AI tools

Company Benefits

• 401(k) Plan with Company Match
• Generous Health Plan with HSA Match
• Flexible Paid Time-off
• Daily Company Lunches
• Cell Phone Service Allowance
• Discounts at Company-owned Resorts and Golf Courses

Salary: $75000 - $90000 per year