Development Accountant - Real Estate & LIHTC (Hybrid)

Richman Property Services; Greenwich (CT); Hybrid; USD 75,000 - 110,000; Full time

Job summary

The Richman Group Development Corporation (TRGDC) is hiring a Development Accountant in Greenwich, CT. The role supports accounting and financial reporting for a portfolio of development projects from acquisition through construction to stabilization.

The position requires GAAP knowledge, rental housing program experience, and strong Excel with accounting software proficiency. Hybrid schedule includes 3 days onsite and 2 days remote, standard hours Monday–Friday.

Qualifications

• Requires a 4-year Bachelor's degree in Accounting, Finance or related field.
• 2-5 years accounting experience in real estate development, multi-family, or related fields preferred.
• LIHTC portfolios, HUD and tax-exempt bond experience desirable.
• Strong GAAP understanding related to real estate development accounting and construction cost tracking.
• Advanced MS Excel skills and experience with Yardi, MRI, JD Edwards, Sage or similar systems.

Responsibilities

• Maintain the general ledger and project accounting records for development entities.
• Prepare and analyze monthly, quarterly, and annual financial statements.
• Record and reconcile development costs, construction expenditures and project funding sources.
• Monitor project budgets and compare actuals to approved budgets.
• Prepare lender and investor draw packages and review requisitions for payments.
• Coordinate with construction, development and finance teams for timely draw submissions.
• Assist with LIHTC, HUD, tax-exempt bond and other affordable housing program reporting.
• Prepare development budgets, sources and uses statements, and cash flow forecasts.
• Collaborate with development, construction, legal, asset management and corporate accounting teams.

Skills

GAAP knowledge

Communication skills

Education

Bachelor's degree in Accounting, Finance or related field

Tools

Yardi

MRI

JD Edwards

Sage

MS Excel

Job description

The Richman Group Development Corporation (TRGDC) is hiring a Development Accountant in Greenwich, CT. The role supports accounting and financial reporting for a portfolio of development projects from acquisition through construction to stabilization.

The position requires GAAP knowledge, rental housing program experience, and strong Excel with accounting software proficiency. Hybrid schedule includes 3 days onsite and 2 days remote, standard hours Monday–Friday.