Development Accountant

  • Location
    New York
  • Posted
  • Start Date
  • Salary
    USD120000 - USD130000 per annum
  • Expiry Date

Job Description:
As a Development Accountant, you will play a critical role in our financial operations, ensuring the accurate and efficient management of financial data related to real estate development projects. This position requires a seasoned accounting professional with a minimum of 5 years of experience, including a strong background in public accounting and deep knowledge of the real estate development industry.

Key Responsibilities:

  • Lead and execute month-end and year-end closing processes for real estate development projects, including reconciling accounts, preparing journal entries, and producing financial reports.
  • Monitor and manage project costs, including construction expenses, land acquisition costs, and development-related expenditures. Identify cost-saving opportunities and provide recommendations.
  • Work closely with vendors, reviewing and coding invoices, ensuring accuracy, and processing payments in a timely manner. Resolve vendor inquiries and discrepancies.
  • Consolidate internal and external financial ledgers, reconciling intercompany accounts, and ensuring accurate financial reporting for the entire organization.
  • Maintain and monitor project cash flows, ensuring adequate funding for development activities and identifying potential cash flow challenges.
  • Conduct in-depth financial analysis of real estate development projects, assessing investment returns, profitability, and risk factors. Provide insights to support decision-making.
  • Collaborate with external auditors to facilitate annual audits and reviews, ensuring accurate and timely provision of financial data and documentation.
  • Handle various administrative tasks related to financial recordkeeping, document management, and other duties as assigned.


  • Bachelor’s degree in Accounting (Master’s degree and/or CPA certification preferred).
  • Minimum of 5 years of accounting experience, with a focus on real estate development.
  • Previous experience in public accounting is required.
  • Strong knowledge of GAAP and industry-specific accounting principles.
  • Proficiency in Yardi
  • Excellent analytical and problem-solving skills.
  • Exceptional attention to detail and accuracy.
  • Strong communication and interpersonal skills.
  • Ability to work independently and as part of a collaborative team.

The SR Group (UK) Limited is acting as an Employment Agency in relation to this vacancy.

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