Senior Accountant - Development

CFS; Houston (TX); Hybrid; USD 110,000 - 120,000; Full time

Job summary

CFS is seeking a Senior Accountant for Development Accounting in a hybrid role located in Houston, TX. You will own the project draw process and manage full-cycle accounting for multiple CRE and data center projects.

The ideal candidate has 2–3+ years in development accounting, experience with project draws, and familiarity with Yardi or similar real estate software. The role offers growth with a rapidly expanding portfolio.

Qualifications

• Bachelor's degree in Accounting or Finance.
• 2–3+ years of development accounting experience within CRE/construction.
• Experience managing project draws; Yardi or similar software preferred.

Responsibilities

• Own the project draw process from start to finish, including preparing draw packages and overseeing payment execution.
• Perform full-cycle development accounting for multiple active CRE and data center projects.
• Track project costs, budgets and capital expenditures with accurate allocations.
• Prepare monthly journal entries, reconciliations, and support month-end close activities.
• Reconcile balance sheet accounts and investigate variances to ensure financial accuracy.
• Review construction invoices and coordinate with project teams and vendors.
• Monitor project spending and assist with cash flow planning for development activities.
• Support accounting for land acquisitions and development-related transactions throughout project lifecycles.

Skills

Project accounting

Attention to detail

Education

Bachelor's degree in Accounting or Finance

Tools

Yardi

Job description

Senior Accountant – Development Accounting

Hybrid Schedule

Salary: $110,000 - $120,000 + 5–10% Bonus

Why This Opportunity?

Join a rapidly growing commercial real estate developer specializing in hyperscale data center development. This highly visible role supports large-scale development projects from land acquisition through construction and offers the opportunity to work closely with senior accounting leadership. As the company continues to expand its portfolio, there is a clear path for long-term growth into accounting leadership.

Senior Accountant Key Responsibilities

• Own the project draw process from start to finish, including preparing draw packages, managing invoices, coordinating lender and investor funding requests, and overseeing payment execution.
• Perform full-cycle development accounting for multiple active commercial real estate and data center construction projects.
• Track project costs, budgets, and capital expenditures while ensuring accurate project allocations.
• Prepare monthly journal entries, account reconciliations, and support month-end close activities.
• Reconcile balance sheet accounts and investigate variances to ensure financial accuracy.
• Review and process construction invoices while coordinating with internal project teams and external vendors.
• Monitor project spending and assist with cash flow planning related to development activities.
• Support accounting for land acquisitions, construction costs, and development-related transactions throughout the project lifecycle.
• Assist with preparing financial reporting and schedules for lenders, investors, and internal leadership.
• Partner closely with Controllers and project management teams to improve processes, maintain accurate project records, and support ongoing portfolio growth.
• Participate in process improvement initiatives and help strengthen accounting procedures as the development portfolio continues to expand.

Senior Accountant Qualifications

• Bachelor's degree in Accounting or Finance.
• 2–3+ years of development accounting experience within commercial real estate, construction, industrial development, or another project-based environment.
• Experience managing project draws is required; Yardi or similar real estate accounting software is highly preferred.
• Self-motivated, detail-oriented professional who enjoys working in a fast-paced, collaborative, and growth-focused environment.