Development Accountant

About

Are you passionate about making an impact in the affordable housing sector? Join a mission‑driven team dedicated to building, preserving, and financing high‑quality affordable housing. With nearly 40 years of experience and a collaborative, cross‑functional staff of 60+, we put residents first and innovate solutions that help strengthen communities nationwide.

Position Overview

As a Development Accountant, you will report to the Assistant Controller, Real Estate and Property Accounting, overseeing the financial operations for a portfolio of affordable housing properties in various stages of development and operation. This highly collaborative role offers a blend of accounting, analysis, and stakeholder engagement to ensure accuracy, transparency, and compliance with organizational and GAAP standards.
You’ll interact with property managers, lenders, internal teams, deal investors, and external partners to deliver timely financial information, facilitate audits, and drive ongoing improvements. This DC‑based position qualifies for a hybrid work schedule.

Key Responsibilities

• Full‑cycle accounting and financial statement preparation for assigned real estate projects (operational, predevelopment, and development).
• Oversee monthly reconciliations, variance analyses, and financial reporting from third‑party property management accountants.
• Track and account for partnership interests, fees, funds, and project financial execution (General Partner/Limited Partner).
• Monitor intercompany activity: operating properties, loans receivable/payable, and related reconciliations.
• Collaborate on annual budget and forecast development and report significant variances to management.
• Assist with audits, tax process coordination, proforma preparation, settlement statements, and compliance activities.
• Manage construction draws, lender requisitions, and reconcile draw schedules to project budgets and actual costs.
• Update and maintain property ledgers; integrate development activities and construction transactions into operating records.
• Develop and maintain depreciation, amortization, and asset retirement obligation schedules.
• Lead preparation of supporting audit documentation and communication with vendors, contractors, and banks.
• Contribute to internal controls and process improvements per GAAP.
• Serve as liaison between finance and development teams for assigned properties.

Why Apply?

This is an extraordinary opportunity for a skilled accountant with a passion for affordable housing and public service to be involved in several areas (predevelopment, development, operational, funds, etc.) of real estate accounting. Grow your career while helping deliver lasting impact and stability to communities while being mentored by and having direct access to a fantastic leadership and executive team.

Apply directly to this posting for immediate consideration. If you have additional questions, contact Lee Chernett, VP at Robert Half Finance & Accounting, via LinkedIn.