Development Staff Accountant

Housing Trust Group; Miami (FL); On-site; USD 65,000 - 85,000; Full time

Job summary

Housing Trust Group is seeking an experienced Development Staff Accountant to manage financials for real estate development projects, primarily in low-income housing tax credit programs. You will work with project managers and finance teams to ensure accurate data and informed decision-making.

The role requires 2+ years in construction/real estate development accounting, proficiency in Microsoft Office and Yardi, and a strong compliance mindset.

Qualifications

• Bachelor's degree in accounting or business administration or equivalent experience.
• 2+ years’ experience in construction/real estate development accounting.
• Preference for LIHTC industry experience.

Responsibilities

• Reconcile accounts and resolve discrepancies in a timely manner.
• Prepare financial reports for development projects (budget vs. actual, variances).
• Prepare monthly construction loan requisitions (draws).
• Follow up with lenders to ensure timely processing of draws and resolve issues.
• Collaborate with project managers to review budgets and align with financial objectives.
• Track development project costs and ensure adherence to approvals.
• Prepare job cost reconciliations and review project invoices for proper coding.
• Assist in audit schedules and support auditors during audits.
• Ensure compliance with accounting principles and company policies.
• Coordinate with cross-functional teams to maintain effective communication throughout the development process.

Skills

Self-motivated

Decisive

Team player

Strong communication

Leadership

Research skills

Time management

Education

Bachelor's degree in accounting or business administration

Tools

Microsoft Office

Yardi

Job description

At HTG we are always looking for great talent, come join our TEAM. We believe in teamwork, innovation, professionalism and long-term decision-making. We recognize the need to be flexible, entrepreneurial and aggressive, both as individuals and as a company. We encourage creativity, flexibility and innovative approaches to our work. We always do what is fair, right and ethical.

Housing Trust Group (HTG) is an award-winning full-service developer of multifamily residential communities who real estate transactions exceed $4 billion in commercial, land and residential developments across Florida, the southeastern U.S., including Texas, Illinois and Arizona. HTG develops, builds and manages a diverse portfolio of affordable housing, workforce housing, market-rate housing, mixed-income and mixed-use developments.

Housing Trust Group offers competitive pay scales and full benefit packages, including Health, Dental, Vision, Life Insurance and 401K plans. Housing Trust Group is an equal opportunity employer.

SUMMARY

We currently have a unique opportunity for an experienced Development Staff Accountant, who will focus on real estate development primarily in the low-income housing tax credit industry.

The Development Staff Accountant plays a crucial role in the financial management and reporting of development projects within the organization. This position is responsible for assisting in various accounting functions, financial analysis, and reporting related to development activities. The Development Staff Accountant collaborates closely with project managers, finance teams, and other departments to ensure accurate financial data and support decision-making processes.

ESSENTIAL DUTIES AND RESPONSIBILITIES

• Reconcile accounts and resolve any discrepancies in a timely manner.
• Prepare financial reports related to development projects, including budget vs. actual analysis, variance explanations.
• Prepare monthly construction Loan Requisitions (Draw package).
• Follow up with lenders to ensure timely and accurate processing of Draws and resolve any issues or discrepancies.
• Collaborate with project managers to review project budgets, ensuring alignment with overall financial objectives.
• Track development project costs and expenses, ensuring adherence to approved budgets.
• Prepare Job Cost reconciliations.
• Review project-related invoices and expenses, ensuring proper coding and documentation.
• Assist in the preparation of audit schedules and support auditors during financial audits.
• Ensure compliance with accounting principles, company policies, and relevant regulations.
• Collaborate with cross-functional teams, including finance, operations, and project management, to ensure effective communication and coordination throughout the development process.

EDUCATION (OR EQUIVALENT EXPERIENCE)

• Bachelor's degree in accounting or business administration, or equivalent business experience.
• 2+ years’ experience in construction/real estate development accounting.
• Preference will be given to candidates that have experience in the low-income housing tax credit segment of the industry.

LICENSES OR CERTIFICATIONS

Preference will be given to candidates with the Certified Public Accountant or Certified Management Accountant designations.

SKILLS/KNOWLEDGE/ABILITIES REQUIRED

• Proficiency and aptitude for general accounting software programs, including Microsoft Office and Yardi.
• Self-motivated, decisive, with the ability to adapt to change and competing demands.
• Experience working both independently and, in a team-oriented, collaborative environment.
• Strong communication, interpersonal and leadership skills.
• Demonstrate decisiveness in resolving business problems, making decisions, and identifying priorities.
• Adept at conducting research into project-related issues and products.
• Time management skills, especially familiarity with calendar management and goal setting.

PHYSICAL REQUIREMENTS

This is largely a sedentary role; however, some lifting (up to 10lbs), walking, bending and standing for short periods of time may be necessary. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.