Senior Accountant - Development

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

Job summary

CFS seeks a Senior Accountant – Development Accounting to join our team on a hybrid schedule. You will own the project draw process, perform full-cycle development accounting for multiple CRE and data center construction projects, and partner with controllers and project management to improve processes and reporting.

The role offers exposure to lenders/investors, involvement from land acquisition through construction, and a clear path for growth into accounting leadership as the portfolio

Qualifications

• Bachelor's degree in Accounting or Finance required.
• 2–3+ years of development accounting experience in CRE/construction.
• Experience managing project draws; Yardi or similar software preferred.
• Self-motivated, detail-oriented; able to thrive in a fast-paced, collaborative environment.

Responsibilities

• Own the project draw process from start to finish: prepare draw packages, manage invoices, coordinate funding requests, oversee payments.
• Perform full-cycle development accounting for multiple active CRE and data center projects.
• Track project costs, budgets, and capital expenditures; ensure accurate allocations.
• Prepare monthly journal entries, reconciliations, and support month-end close activities.
• Reconcile balance sheet accounts and investigate variances for accuracy.
• Review and process construction invoices; coordinate with internal teams and vendors.
• Monitor project spending and assist with cash flow planning.
• Support accounting for land acquisitions and development-related costs throughout the lifecycle.
• Assist with financial reporting and schedules for lenders, investors, and leadership.
• Collaborate with Controllers and project teams to improve processes and records; support portfolio growth.
• Participate in process improvement initiatives to strengthen accounting procedures.

Skills

Development accounting

Project draws management

Detail-oriented

Fast-paced environment

Education

Bachelor's degree in Accounting or Finance

Tools

Yardi

Job description

Senior Accountant – Development Accounting

Hybrid Schedule

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.