About the Opportunity
Our client is a well-established and growing real estate organization seeking a Senior Development Accountant to join their finance team. This role will be responsible for the financial oversight of active development and construction projects, including project accounting, budgeting, lender reporting, cash flow forecasting, and financial analysis.
The successful candidate will work closely with finance leadership and operational stakeholders, supporting projects from acquisition and planning through construction and completion.
Key Responsibilities
Development & Project Accounting
- Manage accounting and financial reporting for multiple development and construction projects.
- Monitor project costs and ensure expenditures are accurately recorded and tracked against approved budgets.
- Maintain work-in-progress (WIP) schedules and project cost continuity reports.
- Review and process contractor, consultant, and vendor invoices.
- Track commitments, change orders, accruals, and project-related obligations.
- Support month-end, quarter-end, and year-end project accounting activities.
Construction Financing & Lender Reporting
- Prepare and coordinate construction financing draw packages and supporting documentation.
- Act as a key contact for lenders, consultants, and external stakeholders throughout the funding process.
- Reconcile funding requests against project budgets and incurred costs.
- Monitor financing facilities, funding availability, and project cash requirements.
- Support ongoing lender reporting and financing compliance requirements.
Budgeting & Financial Analysis
- Maintain project budgets and cash flow forecasts across multiple developments.
- Prepare budget-to-actual analyses and investigate variances.
- Monitor project commitments, forecasted costs, and contingency utilization.
- Identify potential budget or cash flow risks and communicate findings to management.
- Assist with project financial modeling, reporting, and analysis.
Cash Flow & Funding Management
- Monitor project funding requirements and cash availability.
- Coordinate funding receipts and project-related disbursements.
- Support short- and long-term cash flow planning.
- Assist leadership in evaluating capital requirements for existing and future projects.
Financial Reporting & Process Improvement
- Support monthly, quarterly, and annual financial reporting requirements.
- Assist with external audits and lender information requests.
- Maintain organized project documentation and supporting schedules.
- Identify opportunities to improve processes, controls, and reporting efficiency.
- Participate in special projects and ad hoc analysis as required.
Qualifications
- Bachelor's degree in Accounting, Finance, Business, or a related field.
- CPA designation preferred.
- 5+ years of progressive accounting experience within real estate, development, or construction.
- Experience with construction financing, lender reporting, and project funding activities.
- Strong understanding of project accounting, budgeting, cash flow forecasting, and financial reporting.
- Experience with ERP and property management/accounting systems is considered an asset.
- Advanced Excel skills.
- Strong organizational and analytical skills with the ability to manage multiple priorities.
- Excellent communication skills and ability to work effectively with both internal and external stakeholders.
- High attention to detail and a proactive, solutions-oriented mindset.
Why Consider This Opportunity?
- Exposure to high-profile development and construction projects.
- Direct interaction with senior leadership and key project stakeholders.
- Opportunity to contribute to both active developments and future growth initiatives.
- Collaborative, entrepreneurial environment with strong career growth potential.
