Real Estate Development Accountant

This Jobot Job is hosted by: Arpana Davis
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Salary: $85,000 - $115,000 per year

A bit about us:

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?

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

Job Details

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.

Key Responsibilities:

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

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