Senior Development Accountant

Orionplacement; Cincinnati (OH); Hybrid; USD 75,000 - 90,000; Full time

Benefits offered by this job

Dental insurance

Paid time off

Retirement plan

Vision insurance

Job summary

Orionplacement is seeking a Senior Real Estate Development Accountant in Cincinnati to manage accounting lifecycle for multiple development projects from pre-development through operations.

The role leads loan and equity draw processes, analyzes cash flows, budgets, and pro formas, and collaborates with lenders, investors, auditors, and internal teams. A Bachelor's degree and 3+ years in development accounting are required; LIHTC/TC knowledge is a plus.

Qualifications

• Bachelor's degree in Accounting, Finance, or related field.
• 3+ years of direct real estate development accounting experience.
• Strong knowledge of construction, project accounting and development finance.
• Experience managing construction draws, loan funding, and cash flow.
• Excellent Microsoft Excel skills.
• Experience working with lenders, investors, auditors, and development teams.
• Knowledge of Yardi or similar real estate ERP preferred.
• LIHTC, Historic Tax Credits, or New Markets Tax Credits knowledge preferred.
• CPA or MBA preferred.

Responsibilities

• Manage the complete accounting lifecycle for multiple real estate development projects from pre-development through operations.
• Lead monthly construction loan and equity draw processes, ensuring timely funding and costs.
• Prepare and analyze project cash flow forecasts, budgets, and pro formas.
• Coordinate project closings, financing activities, and accounting entries with lenders, investors, title companies, and internal teams.
• Prepare and review sources and uses schedules, developer fee schedules, and equity installment schedules.
• Oversee construction costs, job costing, project funding, and financial reporting.
• Manage tax credit compliance and cost certification activities for LIHTC, Historic Tax Credits, and New Markets Tax Credit projects.
• Partner with auditors, investors, and leadership during audits and financial reviews.
• Prepare year-end accruals, development workpapers, and financial analyses for executive leadership.
• Mentor and collaborate with accounting and project teams while driving process improvements.

Skills

Real estate accounting

Construction accounting

Project accounting

Development finance

Analytical abilities

Communication abilities

Lenders/investors coordination

Auditors coordination

CPA/MBA preferred

Education

Bachelor's degree in Accounting, Finance, or related field

Tools

Excel

Yardi

ERP systems

Job description

Pay: $75,000.00 - $90,000.00 per year

Location: Cincinnati, Ohio – Hybrid. After onboarding and training, enjoy a flexible schedule with approximately four days per week in the office and one day remote.

Note: Applicants must have a Bachelor's degree in Accounting, Finance, or a related field and 3+ years of direct real estate development accounting experience.

Job Description

• Manage the complete accounting lifecycle for multiple real estate development projects from pre-development through transition to operations.
• Lead monthly construction loan and equity draw processes while ensuring timely funding and payment of project costs.
• Prepare and analyze project cash flow forecasts, financial projections, budgets, and pro formas.
• Coordinate project closings, financing activities, and accounting entries with lenders, investors, title companies, and internal teams.
• Prepare and review sources and uses schedules, developer fee schedules, and equity installment schedules.
• Oversee construction costs, job costing, project funding, and financial reporting.
• Manage tax credit compliance and cost certification activities for LIHTC, Historic Tax Credits, and New Markets Tax Credit projects.
• Partner with auditors, investors, and leadership during audits and financial reviews.
• Prepare year-end accruals, development workpapers, and financial analyses for executive leadership.
• Mentor and collaborate with accounting and project teams while driving process improvements.

Qualifications

• Bachelor's degree in Accounting, Finance, or related field.
• 3+ years of direct real estate development accounting experience.
• Strong knowledge of construction accounting, project accounting, and development finance.
• Experience managing construction draws, loan funding, and project cash flow.
• Excellent Microsoft Excel skills.
• Strong analytical, organizational, and communication abilities.
• Experience working with lenders, investors, auditors, and development teams.
• Experience with Yardi or similar real estate ERP preferred.
• Knowledge of LIHTC, Historic Tax Credits, or New Markets Tax Credits preferred.
• CPA or MBA preferred.

Benefits

• Dental insurance
• Paid time off
• Retirement plan
• Vision insurance