Development Accountant

Genuine Search Group; City of Yonkers (NY); On-site; USD 90,000 - 140,000; Full time

Job summary

Genuine Search Group is seeking a Development Accountant for a client, a real estate investment and development firm. The role supports financial reporting, budgeting, and accounting for a portfolio of development projects.

The ideal candidate will have a strong foundation in accounting, excellent analytical skills, and an interest in real estate development. Responsibilities include GL activity, monthly reporting, project cost tracking, construction loan draws, and year-end audits.

Qualifications

• Bachelor's Degree is required, preferably in Accounting.
• 4+ years of accounting experience in real estate development is highly preferred.

Responsibilities

• Maintain accounting records for real estate development projects, including general ledger activity, journal entries, and reconciliations.
• Assist with monthly financial reporting, including balance sheets, income statements, and cash flow statements.
• Monitor development expenditures and reconcile actual costs against approved budgets.
• Support the preparation of construction loan draws, funding requests, and related documentation.
• Review and allocate invoices to projects and general ledger accounts.
• Prepare monthly bank reconciliations and investigate discrepancies.
• Coordinate with development and project management teams to track project costs.
• Assist with accounting related to property acquisitions, dispositions, and other real estate transactions.
• Reconcile inter-company transactions across multiple entities.
• Support joint venture accounting activities and review partner contributions.
• Assist with year-end audits and preparation of supporting financial schedules.
• Collaborate with internal teams and external partners to maintain accurate records.
• Participate in process improvements and special accounting projects as needed.

Skills

Accounting

Analytical skills

Real estate knowledge

Education

Bachelor's Degree in Accounting

Tools

ERP systems

Job description

Our client, an established real estate investment and development firm, is seeking a Development Accountant to join the team. This position will support the financial reporting, budgeting, and accounting functions associated with a portfolio of real estate development projects.

You can get further details about the nature of this opening, and what is expected from applicants, by reading the below.

The ideal candidate will have a strong foundation in accounting principles, excellent analytical skills, and an interest in real estate development. This is an opportunity to gain exposure to the financial operations of development projects, including construction financing, project budgeting, and joint venture accounting.

Key Responsibilities

• Maintain accurate accounting records for real estate development projects, including general ledger activity, journal entries, and account reconciliations.
• Assist with monthly financial reporting, including the preparation of balance sheets, income statements, and cash flow statements.
• Monitor development expenditures and reconcile actual costs against approved project budgets.
• Support the preparation and processing of construction loan draws, funding requests, and related documentation.
• Review and allocate invoices to appropriate projects and general ledger accounts.
• Prepare monthly bank reconciliations and investigate discrepancies.
• Coordinate with development and project management teams to ensure accurate tracking of project costs.
• Assist with accounting related to property acquisitions, dispositions, and other real estate transactions.
• Reconcile inter-company transactions and balances across multiple entities.
• Support joint venture accounting activities, including reviewing partner contributions, funding requests, and financial information.
• Assist with year-end audits, construction cost reviews, and preparation of supporting financial schedules.
• Collaborate with internal accounting teams, external partners, and other stakeholders to maintain accurate financial records. xzgxqkn
• Participate in process improvements and special accounting projects as needed.

Qualifications

• Bachelor's Degree is required, preferably in Accounting
• 4+ years of accounting experience in real estate development is highly preferred