Development Project Accountant

Fitch Irick Corporation; Charlotte (NC); On-site; USD 60,000 - 80,000; Full time

Benefits offered by this job

Health, dental, and vision insurance

Short-term & long-term disability

Life insurance & AD&D coverage

Paid holidays and floating holiday

Employee Assistance Plan

Job summary

A leading development firm in Charlotte, NC is seeking a Development Project Accountant to manage job costing and financial oversight for multifamily projects. This role involves preparing draw requests, ensuring contractor payments, and updating budgets. Candidates should possess a Bachelor’s degree in accounting and 2-5+ years of relevant experience. The firm offers competitive benefits including health insurance and a culture focused on professional growth.

Qualifications

• 2 – 5+ years of development accounting experience required.
• Strong organizational skills and ability to manage multiple deadlines.
• Excellent written communication skills for correspondence with lenders and investors.

Responsibilities

• Manage job costing and draw requests for multifamily development projects.
• Prepare draw requests for lenders and equity providers.
• Ensure payments to general contractors during construction.
• Update project budgets with actual costs and contingencies.
• Reconcile project job cost ledgers to general ledger monthly.
• Provide monthly reporting on assigned development projects.

Skills

Job cost accounting software proficiency

Excel

PowerPoint

Organizational skills

Written communication

Education

Bachelor’s degree in accounting

Tools

Yardi

Job description

Development Project Accountant to manage job costing and draw request for a portfolio of multifamily ground-up and rehab projects. This role works very closely with the Development team on project closings, debt and equity fundings, budget to actual performance and overall financial management for development projects.

• Prepare and provide draw request to lenders and equity providers for reimbursement of costs related to the multifamily development project.
• Ensure payment to general contractors and other service providers during the construction period.
• Update development project budget with actual costs along with contingency maintenance.
• Reconcile development project job cost ledgers to general ledger monthly.
• Maintain financial statements of the development project entity along with supporting annual audits and cost certifications.
• Provide monthly reporting on status of assigned development projects.
• Coordinate with Development team to obtain necessary documentation and approvals and work closely with vendors, lenders and equity providers.

WHAT YOU BRING| THE PERSON

• Bachelor’s degree in accounting required
• 2 – 5+ years of development accounting experience
• Proficiency with job cost accounting software (Yardi or others), Excel, and PowerPoint
• Strong organizational skills and ability to manage multiple deadlines
• Excellent written communication skills for correspondence with lenders and investors.

Desired Qualifications

• Knowledge of LIHTC development process
• Experience with affordable housing or property management accounting
• Experience with AIA pay applications, change orders and lien waivers

WHAT’S IN IT FOR YOU| THE BENEFITS

• Mission-Driven Work: Contribute to providing affordable housing and making a difference in communities.
• Health, dental, and vision insurance.
• Short-term & long-term disability.
• Life insurance & AD&D coverage.
• 15 days (120 hours) annually.
• Paid company holidays & floating holiday of choice.
• Employee Assistance Plan for you and your family.
• Culture of Growth: Enjoy a workplace that celebrates milestones, rewards high-quality work, and offers professional development opportunities.