Development Accountant

$80000 - $100000 per year | Miami Shores, FL | On-site | Permanent

Development Accountant

Location:

Miami, FL (In-office full-time)

Employment Type:

Full-Time

We are seeking a detail-oriented and experienced Development Accountant to take ownership of end-to-end accounting operations for a prominent real estate joint venture focused on building luxury residential neighborhoods in Miami. This role serves as the sole accounting owner for the venture, managing everything from acquisition setup and monthly closes to lender reporting, construction accounting, and audit support. You will report directly to the Chief Financial Officer and work closely with operations and construction leadership.

• High-Growth Impact:
  Step into a pivotal role as the sole accounting owner for a high-profile real estate joint venture, where your work directly drives the financial strategy behind luxury residential developments in Miami.
• Direct Leadership Access:
  Work hand-in-hand with executive leadership, collaborating closely with the Chief Financial Officer and Chief Operating Officer rather than getting lost in layers of corporate bureaucracy.
• Full-Cycle Ownership:
  Own the entire accounting lifecycle—from initial land acquisition setup and construction draws to monthly consolidations, lender reporting, and final project closeouts.
• Boutique Culture, Institutional Backing:
  Enjoy the agility, autonomy, and visibility of a specialized joint venture while benefiting from the backing of established private equity expertise.

• Establish property codes, configure General Ledger (GL) codes, and set up approval workflows for new acquisitions.
• Record new acquisitions, confirming that costs are accurately allocated to the appropriate properties and expense categories.
• Configure new projects and jobs within construction management software to align with the core accounting structure.
• Maintain strict coding integrity and workflow consistency as transaction volume scales.

• Manage the monthly close process and consolidated financial reporting across all related entities.
• Prepare comprehensive reporting packages for lenders, joint venture partners, and investors in compliance with contractual deadlines and partnership agreements.
• Apply U.S. GAAP consistently under established company policies, while supporting IFRS reporting and reconciliations as needed.
• Produce project-level profit and loss statements, balance sheet schedules, and monthly construction cost reports.
• Record journal entries for deposit refunds and reimbursement checks.
• Maintain the real estate tax amortization schedule and record monthly expenses through journal entries.

• Track costs thoroughly by property, project, and cost category, ensuring invoices align with correct GL accounts and budget lines.
• Maintain active construction budgets while closely monitoring change orders, committed costs, and remaining budget balances.
• Monitor hard costs, soft costs, and contingencies; prepare cost-to-complete reports to promptly flag potential overruns or unusual expenses.
• Prepare monthly lender draw packages—including invoices, lien waivers, and contracts—and reconcile each draw back to the project ledger.
• Track lender funding allocations to verify proper distribution by project and cost category.
• Monitor retainage from initial accrual through final release, overseeing payment applications and draw requests.
• Execute project closeout procedures by reconciling final costs, closing purchase orders, verifying retainage releases, and organizing documentation for future audits.
• Determine appropriate accounting…