Property Accountant

Property Accountant

This Jobot Job is hosted by:
Tammy Rivera
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Salary: $80,000 - $90,000 per year

A bit about us:

Founded nearly two decades ago and based in Maryland, with additional operations throughout Washington, DC, Maryland, and New York City, we are a growing real estate development, construction, advisory, and property management organization focused on building vibrant and sustainable communities. Our team develops affordable and workforce housing, mixed-use developments, and large-scale commercial projects while creating opportunities for underrepresented professionals within the development and construction industries.

With more than $1.5 billion in active projects, we are committed to delivering impactful developments that strengthen the communities we serve.

Why join us?

Competitive Compensation and bonus opportunity!
Career Growth Opportunity within a rapidly expanding development organization
Exposure to $1.5B+ in active development projects
Comprehensive Benefits Package
Generous PTO & Paid Holidays
Collaborative Environment with direct exposure to Executive Leadership and CFO
Opportunity to gain experience across real estate development, construction, and property management operations
Stable and growing organization with a strong mission-driven culture

Job Details

Key Responsibilities & Duties

Prepare and maintain pre-development project budgets.
Track land acquisition, zoning, permitting, entitlement, and soft costs.
Monitor feasibility study expenses against approved budgets.
Develop and maintain project pro formas.
Record and classify pre-development expenditures including legal, engineering, architectural, and due diligence costs.
Maintain general ledger accounts and capitalization schedules.
Monitor equity contributions and financing draws.
Prepare lender and investor draw requests with supporting documentation.
Track loan interest, fees, and repayment schedules.
Produce monthly financial reports for management and project stakeholders.
Perform budget-to-actual variance analysis.
Support investor reporting and capital partner communications.
Maintain job cost reports by project and cost code.
Process contractor invoices and progress billings.
Prepare monthly construction draw packages including lien waivers and compliance documentation.
Reconcile lender draw disbursements and project costs.
Monitor contingency funding and project forecasts.
Prepare development-phase financial statements.
Ensure compliance with loan agreements, investor requirements, and audits.
Track insurance, bond costs, and project-related obligations.
Support process improvement initiatives and special projects.

Qualifications Needed

Bachelor's Degree in Accounting or Finance required.
Minimum 7+ year of accounting experience in a construction, general contracting, real estate development, or project-based environment with at least $10M+ annual revenue exposure.

Experience with construction accounting principles including job costing, revenue recognition, general ledger accounting, and payroll taxes.
Experience preparing financial statements, financial reports, and management reporting packages.
Strong Excel skills required.

Experience with Quick Books required.

Experience with real estate accounting, property accounting, or development accounting preferred.
LIHTC (Low-Income Housing Tax Credit) experience preferred.
Experience preparing lender draw requests and construction loan documentation preferred.
Ability to analyze project budgets, forecasts, and variances.
Strong attention to detail and ability to manage multiple projects simultaneously.

1. Managing the financial aspects of our property portfolio, including budgeting, forecasting, and financial reporting.
2. Utilizing Yardi software for property management accounting, including accounts payable, accounts receivable, and general ledger.
3. Conducting lease administration and ensuring compliance with lease agreements.
4. Performing year-end close procedures and preparing financial statements.
5. Analyzing financial data and providing strategic recommendations to senior management.
6. Ensuring compliance with local, state, and federal tax regulations and filing requirements.
7. Collaborating with internal teams and external auditors to facilitate financial audits.
8. Developing and implementing financial policies and procedures to improve efficiency and effectiveness.
9. Maintaining up-to-date knowledge of industry trends and advancements in property accounting.

Qualifications:

The ideal candidate for the Permanent Property Accountant role will have:

1. A Bachelor’s degree in Accounting, Finance, or related field.
2. A minimum of 7 years of experience in property accounting or a related role.
3. Proficiency in Yardi property management software.
4. Extensive experience in lease administration and year-end close procedures.
5. Strong understanding of accounting principles, tax laws, and financial reporting standards.
6. Excellent…