Development Accountant | Real Estate Project Finance & Budgets

Genuine Search Group; New York (NY); On-site; USD 70,000 - 95,000; Full time

Job summary

Genuine Search Group is assisting a commercial real estate developer in hiring a Development Accountant in New York, NY. You will maintain accounting records for multiple development projects, track budgets and costs, prepare monthly statements, and coordinate with lenders on draws.

Qualifications include a BA in Accounting or Finance, 3+ years of real estate accounting experience, proficiency with Yardi or MRI, advanced Excel, and solid GAAP knowledge.

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.

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

Skills

Development budgeting

Advanced Excel

GAAP knowledge

Real estate accounting

Education

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

Tools

Yardi

MRI

Job description

Genuine Search Group is assisting a commercial real estate developer in hiring a Development Accountant in New York, NY. You will maintain accounting records for multiple development projects, track budgets and costs, prepare monthly statements, and coordinate with lenders on draws.

Qualifications include a BA in Accounting or Finance, 3+ years of real estate accounting experience, proficiency with Yardi or MRI, advanced Excel, and solid GAAP knowledge.