Senior Development Accountant

Senior Development Accountant

We are seeking an energetic, dedicated professional to join our team in Plymouth, MN as a Senior Development Accountant!

Roers Companies is a national leader in multifamily real estate investment, development, construction, and property management. Headquartered in Plymouth, Minnesota, we're on a mission to elevate multifamily housing by developing and operating market-rate and affordable apartments in growing neighborhoods. Since our founding in 2012, Roers Cos. has developed more than $4 billion in real estate, representing 15,000+ homes across the Midwest, Mountain Southwest, and Sunbelt regions.

Our team thrives on purpose-filled work, an entrepreneurial spirit, and unlimited growth potential.

The Senior Development Accountant is responsible for managing the accounting and financial reporting activities for Roers Companies' real estate development projects from predevelopment to lease up. This role partners closely with Development, Construction, Property Accounting, Finance, and Asset Management teams to ensure accurate cost tracking, compliant lender and investor reporting, and timely month-end close processes. The position requires strong real estate development accounting expertise, attention to detail, and the ability to thrive in a fast-paced, growth-oriented environment.

Development & Project Accounting

• Oversee full-cycle accounting for assigned real estate development projects, including predevelopment, construction and lease-up.
• Ensure accurate tracking and capitalization of development, construction, and soft costs in accordance with GAAP.
• Monitor WIP budgets versus actuals and collaborate with Development and Construction teams on cost variances.
• Review and post construction draws in accordance with the lender requirements.

Financial Reporting & Close

• Prepare monthly, quarterly, and annual financial statements for development entities.
• Manage the month-end close process, including journal entries, account reconciliations, accruals, and variance analysis.
• Prepare and support lender, investor, and joint venture reporting in accordance with partnership agreements.
• Assist with year-end audit preparation and coordinate with external auditors, tax advisors, and lenders.

Debt, Equity & Compliance

• Track and reconcile construction loans, interest reserves, fees, and covenant compliance.
• Support financing closings by preparing schedules, sources & uses, and accounting set-up for new debt and equity.
• Ensure compliance with partnership agreements, loan agreements, and internal accounting controls.

Collaboration & Process Improvement

• Act as a key accounting partner to Development, Construction, and Asset Management teams.
• Identify opportunities to improve accounting processes, reporting efficiency, and system utilization.
• Assist with implementation and optimization of accounting software and reporting tools.

Requirements

Minimum Qualifications:

• Bachelor's degree in Accounting, Finance, or related field.
• 5+ years of accounting experience, with at least 3 years in real estate development or construction accounting.
• Strong knowledge of GAAP and real estate development accounting practices.
• Experience with job cost accounting and construction draw processes.
• Proficiency in real estate accounting systems (e.g., Yardi, MRI, or similar) and Microsoft Excel.
• Strong analytical, organizational, and communication skills.

Preferred Qualifications:

• CPA or CPA candidate.
• Experience with affordable housing, tax credit, or complex partnership structures.
• Prior experience supporting audits, lender reporting, and investor reporting.
• Ability to work effectively in a fast-growing, entrepreneurial environment.

Compensation and Benefits for Senior Development Accountant:

Pay Range: $77,000 - $101,300

Compensation is determined by several factors that vary depending on the position, including the individual's experience, skills, and the knowledge they bring to the specific role.

Roers offers a comprehensive benefits & perks package to full-time employees which may include:

• Health Plans
  - Medical, dental, vision, FSA, and HSA
• Family Leave
  - Paid birth & bonding leave
• Employer Paid Benefits
  - Basic life insurance, Accidental Death & Dismemberment (AD&D), and short-term disability
• Additional Voluntary Benefits – Life Insurance, AD&D, long-term disability, critical illness, and accident insurance
• 401(K) - 3% company contribution, 100% vested after 2 years of employment
• Competitive PTO - 3 weeks of PTO with immediate accrual, 9 paid holidays, 1 floating holiday, and bereavement
• Health and Wellness - fitness membership reimbursement program
• Free stays in Roers' properties guest suites
• Rent Discount - 20% discount for employees living in Roers Companies properties
• Employee Referral Bonus Program - $2,500 referral bonus paid once referred candidate completes 60 days of employment
• Charitable Match Program – Roers matches employee donations to charitable organizations
• Professional Development Opportunities
• Employee Assistance…