Development Accounting Manager

Job Description

DEVELOPMENT ACCOUNTING MANAGER

SUMMARY The Development Accounting Manager is a senior accounting leader responsible for overseeing all accounting and financial reporting activities related to the Company’s real estate development portfolio, including construction projects, development entities, joint ventures, and construction financing.

This role manages the day-to-day development accounting function, leads a team of three professionals, and serves as a key partner to Development, Construction, Treasury, and senior leadership. The ideal candidate brings deep experience in development accounting, construction draws, job cost reporting, and lender/JV compliance, with the ability to drive process improvements and strengthen internal controls in a growing organization.

This is a salaried, exempt position reporting to the VP, Treasury and Accounting.

• Successfully assume ownership of the development accounting function and team within 90 days
• Independently prepare and manage monthly development draws and lender reporting within 6 months
• Establish relationships with banks, JV partners, construction and development teams, and other accounting groups.

• Serve as a key point of contact for internal departments (Legal, Asset Management, Finance) and external partners (JV Partners, Auditors, Banks, Consultants).
• Lead process improvement initiatives to strengthen internal controls, streamline workflows, and enhance reporting quality.
• Manage staff of three team members.
• Special projects assigned by the VP, Treasury and Accounting.

• Manage and oversee daily accounting operations, including general ledger activities, month‑end and year‑end close, account reconciliations, bank reconciliations, and preparation of internal financial statements.
• Prepare monthly, quarterly, and annual financial reporting packages and deliver to senior leadership.
• Review and approve journal entries, account reconciliations, and supporting documentation to ensure accuracy and compliance.
• Prepare monthly Development draws for each construction project by receiving the monthly construction billings from the GC combining that information with development costs and property costs for review by VP, Treasury and Accounting.
• Ensure lender, partner, and joint venture reporting requirements completed accurately and on schedule, including quarterly compliance packages.
• Code and pay overhead business costs for development entity and bill back to job’s if needed.
• Analyze development property and development financial data to identify variances, trends, and opportunities for improved financial performance.

• Oversee cash management processes, including weekly cash requirements, draw requirements, payment approvals, and coordination with Accounts Payable, Construction, and Development teams.

• Oversee job cost reporting for developments, ensuring proper tracking and compliance.
• Support closing of deals by providing reports and support.
• Record closings on joint ventures and construction loans as it relates to development activities.
• Set up and maintain predevelopment tracking and reporting.
• Coordinate transition of accounting over to the property management accounting team upon completion.

• Bachelor’s degree in accounting required.
• Five or more years of progressive accounting experience; prior management or supervisory experience strongly preferred.
• Strong understanding of GAAP, financial reporting, internal controls, and accounting best practices.
• Advanced proficiency with Microsoft Excel and other Microsoft Office software.
• Experience in construction, development, property management, or real estate accounting required.
• Experience with accounting ERP software preferably Sage Intacct and/or Sage 300.
• Prior experience managing or mentoring accounting staff strongly preferred.

• Strong knowledge of accounting principles, financial analysis, and modern accounting systems.
• Strong analytical skills and attention to detail.
• Ability to maintain…