Senior Real Estate Development Accountant

Stream Realty Partners; Dallas (TX); On-site; USD 90,000 - 140,000; Full time

Benefits offered by this job

Insurance

401(k) matching

Paid time off

Bonus eligibility

Job summary

Stream Realty Partners, a leading commercial real estate services firm headquartered in Dallas, TX, is seeking a Senior Development Accountant to oversee accounting, financial reporting, and budget management for development projects.

You will partner with Investments, Development, Construction, Asset Management, and Corporate Accounting teams to ensure accurate project accounting and timely financial statements.

Qualifications

• Bachelor's degree in Accounting or Finance.
• 3–7 years of accounting experience in real estate development, construction accounting, project accounting, or development finance.
• Experience managing construction draws, project funding, and lender reporting requirements.
• Strong understanding of construction-in-progress (CIP) accounting, capitalization principles, and development budgets.
• Experience reviewing construction invoices, tracking committed costs, monitoring retainage, and managing project budgets.
• Advanced Excel and financial analysis skills.
• Strong organizational, communication, and project management capabilities.

Responsibilities

• Maintain complete accounting records for development projects, investment entities, and joint ventures.
• Assist with project cash management and funding needs throughout the development process and responding timely to urgent payment requests.
• Review and process construction invoices, ensuring costs are appropriately approved, coded, and recorded.
• Prepare journal entries, account reconciliations, accruals, and month-end close activities.
• Ensure development costs are properly classified and recorded in accordance with GAAP.
• Analyze project financial results and investigate variances or discrepancies.
• Perform capitalization analyses and ensure appropriate capitalization of development costs.
• Calculate and monitor capitalized interest for qualifying projects.
• Prepare monthly, quarterly, and annual financial statements and supporting schedules.
• Support annual audits, lender reviews, tax compliance activities, and financial due diligence requests as needed
• Partner with Investments, Development, Construction, Asset Management, Treasury, and Corporate Accounting teams.
• Produce routine and ad hoc financial reports for management as needed
• Serve as a trusted financial resource for development and investment stakeholders.

Skills

Advanced Excel

Financial analysis

Organizational skills

Project management

Communication

Education

Bachelor's degree in Accounting or Finance

Tools

Yardi accounting system

Job description

Stream Realty Partners, a leading commercial real estate services firm headquartered in Dallas, TX, is seeking a Senior Development Accountant to oversee accounting, financial reporting, and budget management for development projects.

You will partner with Investments, Development, Construction, Asset Management, and Corporate Accounting teams to ensure accurate project accounting and timely financial statements.