Senior Development Accountant

The client are an affordable property and housing company based in Englewood Cliffs (NJ) that are looking for a Senior Development Accountant to join the team. You will be reporting directly into the Director of Development Accountant, and will mainly focus on the end to end preparation of the draw packages.

Client Details

The client is a leading developer and owner of affordable housing communities, specializing in LIHTC, Section 8, mixed-income, supported housing, and HUD-regulated developments. The company maintains a highly active development pipeline, with approximately 30-40 projects underway at varying stages of development. The organization offers a collaborative, entrepreneurial environment with strong opportunities for long-term career growth into leadership positions. They are looking for a candidate to help manage the increased workload.

Description

The successful Senior Development Accountant will:

• Prepare and manage monthly construction draw packages from start to finish
• Compile, review, and submit supporting documentation for lender and investor funding requests
• Coordinate draw submissions for final review and approval
• Assist with the preparation and administration of IRS Form 8609 documentation
• Track and analyze upward and downward equity adjustments
• Prepare and maintain project funding schedules
• Review partnership agreements and related development documentation
• Coordinate with lenders, investors, development teams, and external stakeholders
• Assist with development accounting and project-related reporting
• Support acquisition and ad hoc finance projects as needed
• Maintain accurate project records and compliance documentation
• Work across multiple development projects simultaneously, each at various phases of the development lifecycle

Profile

The successful Senior Development Accountant will:

• 3-5+ years of accounting experience within real estate development
• MUST have strong experience preparing construction draw packages from a developer perspective
• Affordable housing experience, including exposure to: LIHTC (Low-Income Housing Tax Credit), Section 8 housing, HUD-regulated developments, Mixed-income and supported housing projects
• Experience managing projects through multiple phases of development
• Strong understanding of construction accounting and development funding structures
• Ability to manage multiple projects and deadlines simultaneously

Job Offer

• $95,000 - $120,000
• Bonus (disc.)
• Additional FULL benefits

MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants.