Development Accountant

Genuine Search Group; New York (NY); On-site; USD 70,000 - 90,000; Full time

Job summary

Genuine Search Group is looking for a Development Accountant in New York. The role involves managing accounting records for multiple real estate projects, preparing financial statements, and ensuring compliance with agreements. The ideal candidate will hold a Bachelor's in Accounting or Finance, have over 3 years of experience, and possess strong skills in real estate accounting software and GAAP principles. This position offers an opportunity to work in a dynamic real estate environment.

Qualifications

• 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.

Responsibilities

• Maintain and manage accounting records for multiple real estate development projects.
• Prepare monthly financial statements and variance analyses for development projects.
• Support audits, tax preparation, and year-end financial reporting.

Skills

Accounting experience

Real estate accounting software (Yardi, MRI)

Advanced Excel skills

Knowledge of GAAP

Education

Bachelor's degree in Accounting, Finance, or related field

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