Development Accountant

Job Description

Job Description

Development Accountant

Full-Time | Hybrid (2 days in office) – San Mateo, CA

Temp-to-Perm Opportunity

Overview :

Seeking an experienced Development Accountant to manage the full accounting cycle for a portfolio of 10+ development projects, including at least 6 active construction projects. This role supports the accounting needs of new developments and newly placed-in-service properties, ensuring compliance with GAAP, internal policies, and Low-Income Housing Tax Credit (LIHTC) regulations.

Key Responsibilities :

• Prepare and submit timely loan draw requests.
• Manage monthly close for development and construction-stage properties.
• Perform bank reconciliations, accruals, loan interest calculations, and financial statement preparation.
• Track project costs, budgets, and contracts using job cost modules and prepare variance analyses.
• Support external audits and tax filings by preparing schedules and documentation.
• Interpret financial and partnership documents, including regulatory and loan agreements.
• Collaborate with project managers and cross-functional teams across accounting, development, and asset / property management.
• Ensure accurate inter-entity transactions and surplus distribution calculations.
• Provide ad hoc financial analysis and reporting as needed.

Qualifications :