Real Estate Development Accountant

LeoForce; Silver Spring (MD); On-site; USD 85,000 - 115,000; Full time

Benefits offered by this job

401(k) match up to 5%

Yearly bonus opportunity

~20 PTO days per year

2 floating holidays

~11 paid holidays per year

Medical, dental, and vision

Job summary

LeoForce in Silver Spring, MD is seeking a Real Estate Development Accountant to support budgets and reporting across the full project lifecycle—from pre-development through construction draw requests for large-scale affordable housing developments.

The role emphasizes job costing, GL management, and accounts receivable, with strong Excel and QuickBooks skills. LIHTC experience and real estate accounting background are a plus.

Qualifications

• Bachelor's degree in Accounting or Finance.
• Minimum 4 years of accounting experience in a general contracting environment ($10MM+ annual revenue).
• Strong grasp of general accounting principles (revenue recognition, job costing, payroll taxes).
• Hands-on experience preparing financial reports and pulling data for high-level analysis
• Strong Excel skills; QuickBooks experience required
• Real estate or property accounting experience preferred; LIHTC experience a plus
• Strong written/verbal communication and organizational skills.

Responsibilities

• Prepare and maintain pre-development budgets.
• Model project pro formas, including financing costs, developer fees, and contingencies.
• Maintain general ledger accounts for pre-development and construction costs.
• Prepare draw requests for lenders and investors, with full supporting documentation.
• Track job costs by cost code (committed costs vs. actuals) and process contractor invoices.
• Prepare monthly construction loan draw packages, including invoices, lien waivers, and compliance documents.
• Reconcile lender disbursements with recorded project costs.
• Produce monthly and development-phase financial reports for project managers, executives, and investors.
• Support variance analysis, contingency fund monitoring, and audit/compliance requests.
• Assist with ad hoc projects and process improvements as needed.

Skills

Analytical thinking

Communication

Organizational skills

Education

Bachelor's degree in Accounting or Finance

Tools

Excel

QuickBooks

Procore

Yardi

Sage

Job description

Job Description

Experience: Mid Level

Salary: $85,000 - $115,000 per year

Job Details

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The Real Estate Development Accountant will perform professional-level accounting work supporting real estate development and construction projects, with a strong focus on job costing, general ledger management, and accounts receivable. This role covers the full project lifecycle — from pre-development budgeting through construction-phase draw requests and reporting — and offers meaningful exposure to complex, large-scale affordable housing developments.

• Prepare and maintain pre-development budgets (land acquisition, zoning, permitting, soft costs)
• Model project pro formas, including financing costs, developer fees, and contingencies
• Maintain general ledger accounts for pre-development and construction costs
• Prepare draw requests for lenders and investors, with full supporting documentation
• Track job costs by cost code (committed costs vs. actuals) and process contractor invoices/progress billings
• Prepare monthly construction loan draw packages, including invoices, lien waivers, and compliance documents
• Reconcile lender disbursements with recorded project costs
• Produce monthly and development-phase financial reports for project managers, executives, and investors
• Support variance analysis, contingency fund monitoring, and audit/compliance requests
• Assist with ad hoc projects and process improvements as needed

Qualifications:

• Bachelor's degree in Accounting or Finance
• Minimum 4 years of accounting experience in a general contracting environment ($10MM+ annual revenue), or equivalent
• Strong grasp of general accounting principles (revenue recognition, job costing, payroll taxes)
• Hands-on experience preparing financial reports and pulling data for high-level analysis
• Strong Excel skills; QuickBooks experience required
• Real estate or property accounting experience preferred; LIHTC experience a plus
• Strong written/verbal communication and organizational skills

A bit about us:

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Our client is a dynamic, fast-growing real estate development, construction, advisory, and property management firm focused on building sustainable communities throughout the Washington, DC metro area. The firm is deeply committed to solving the affordable and workforce housing challenge in the region, currently working on $1.5 billion in projects spanning roughly 2 million square feet of housing, retail, office, and entertainment space across DC, Maryland, and New York City. The company recently expanded into property management as a new division, and its mission centers on ensuring safe, quality, affordable housing while creating opportunities for communities that have historically been left out of large-scale development and construction work. The accounting team is small and collaborative (3–4 people), offering real visibility and cross-functional exposure.

Why join us?

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• 401(k) match up to 5%, immediate eligibility
• Yearly bonus opportunity based on company and individual performance
• ~20 PTO days per year (years 1–10)
• 2 floating holidays per year
• ~11 paid holidays per year
• Medical, dental, and vision

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