Senior Development Accountant

A Brief Overview

The Senior Development Accountant performs various duties to support the accounting function's goal of timeliness and accuracy, including reviewing journal entries, preparing bank reconciliations, conducting general ledger analysis, comparing budgets, and generating monthly financial reports. This role ensures proper accounting in accordance with generally accepted accounting principles and reviews financial reporting packages to meet internal and external requirements as applicable. This position is accountable for meeting the deadlines set by the manager, payroll, government, and other reporting authorities.

Additionally, this role supports various aspects of real estate construction management and development projects, including tracking costs, processing draws and payments, and reconciling construction management and development accounts. This position may be tasked with training and mentoring other accountants during the implementation of new initiatives and communicating global processes and procedures to the department.

• Performs the accurate and timely review and completion of the annual financial statement audits:
• Collaborates with the Director/Manager in the preparation of year-end financial statements and accompanying notes to financial statements. Updates the financial statement notes for all relevant disclosures, including new disclosures required by Generally Accepted Accounting Principles (GAAP).
• Prepares accurate and timely work papers as needed by the auditors, as prepared by the Client (PBC).
• Responds to questions from the auditors during both interim and year-end sessions. Ensures that all questions and review comments are addressed promptly.
• Prepares/Reviews general ledger analysis and entries, as required.
• Completes and provides an accurate and timely review of the periodic financial reporting packages sent to the military branches of a portfolio of military housing PPP properties.
• Prepares the monthly/quarterly financial statements.
• Reviews and approves Accountant and/or Accounting Clerk duties for timeliness and accuracy.
• Assumes responsibility for the monthly closing of a portfolio of military housing properties, including general ledger account reconciliations and bank account reconciliations.
• Assists Property Management in implementing new systems and processes.
• Assists Property Management with accounting matters during close and reporting.
• Comprehends and interprets legal documents related to the portfolio of properties.
• Assists the Director/Manager with project cost tracking functions, including but not limited to:
• Budgeting and forecasting to ensure alignment with funding requirements.
• Draw reviews/preparation and payment processing.
• Monitoring and reporting on project cash flow projections to support timely funding requests and payments.
• Preparing reconciliations of various construction management and/or development accounts
• Liaises with Project Managers and Construction Administrators to promote robust contract management practices and to ensure accurate documentation, timely contract modifications, and consistent verification of financial compliance throughout all phases of the construction and/or development project lifecycle.
• Oversees the migration and mapping of financial data for construction and/or development project reporting, maintaining data integrity, traceability, and compliance with funding requirements.
• Reviews construction and/or development fee calculations for accuracy, as well as allowable reimbursements for general conditions
• With direction from the Director/Manager, assists in research and accounting for complex transactions related to the military housing PPP properties:
• Debt and equity, including military ownership
• Conveyance of assets by the military
• Repair and replacement funds owned by the military
• Demolition, construction, capitalized interest, and rehabilitation work
• Recapitalization projects
• Lease-up and operating phases of the properties' life cycle
• Cash waterfalls and coordination with the Lockbox Agent and Asset Management
• Adherence to Restricted Use requirements for cash and other assets
• Works with the others in the organization to achieve consistency in accounting, reporting, system, and process implementation.
• Responds to requests from other departments as needed (asset management, corporate accounting, Tax, Finance, etc.).
• Performs additional analysis and communicates findings to assist leaders in making informed business decisions.

• Bachelor's Degree in accounting Required
• CPA or CPA eligible Preferred
• 4-6 years Experience required for the Senior Development Accountant. Required and
• Prior experience managing others. Preferred and
• Experience with Yardi, JD Edwards
  - Enterprise One, Workday and/or other large ERP systems. Required and
• Prior experience in the Real Estate/Finance industry. Preferred
• Prior experience as a development accountant Preferred
• General knowledge of chart of accounts, general ledger, trial balance, financial…