DEVELOPMENT ACCOUNTANT

SUMMARY: Responsible for real estate development and job costing accounting; perform professional-level accounting in the maintenance and review of the accounting records.
Responsible for financial reporting requirements for development and construction projects including review and recording of general contractor financial statements.
Works closely with Project Managers (PM) and the finance team to review budgets, financial models, monthly costs, project reconciliation and completion, and manage inventory; participate in development team’s regular construction development meetings; coordinate with finance team and lenders, review submission of construction loan draws; provide financial reporting to leadership and ownership.
DUTIES AND RESPONSIBILITIES Project Accounting Set-up new projects in accounting system; periodic reconciliations Upload project budgets in accounting system Review and provide budgets-to-actual costs reports with/to PM Oversees cash flow for all development project sources Record, track, and reconcile pre-development loans Record and reconcile draw reimbursements/project receivables Prepare and monitor project Work-In-Progress schedules and reports Record, track and manage asset management fee revenue and developer fee revenue Ensures funding receipts are deposited and/or transferred as needed to meet the payment obligations for all development projects Record project financial statement activity from outside partners Legal Entity Accounting Set-up new legal entity in accounting system Record assets and liabilities on balance sheet Review closing documents & book inventory, acquisitions, construction loans, and/or perm loan Reconcile legal entity costs to the job project costs Work with finance and legal teams for capital funding Manage/track land inventory (review and record purchases and sales) Record and reconcile cash receipts Determine payment requests have proper authorization, coding, documentation Request capital contributions and distributions Review loans, make interest payments when due, manage maturity dates Provide month financials to PM, finance team, leadership, and ownership Complete monthly close and related journal entries (using AppFolio and Jonas Premier software) Reporting Provide ad-hoc reporting to leadership and ownership OTHER Examine, document, and analyze existing policies and procedures, researching alternative opportunities, developing more effective and efficient processes.
Assist Controller as necessary with routine general ledger close and account reconciliation functions QUALIFICATIONS: Bachelor’s degree from a 4-year college/university (accounting, finance) +5 years related experience Above average Microsoft Excel or Microsoft Word Ability to handle daily responsibilities and projects with minimal direction Must be pro‐active in identifying and proposing solutions Must have ability to assimilate a variety of information from various individuals, and make decisions from which a precedent may not exist Excellent written and oral communication skills; drives clear direction Strong organizational, problem-solving, and analytical skills Ability to manage priorities and workflow while maintaining diligence Ability to work independently and as a member of team dynamic Exposure to variety of software (MSFT Office/Teams, Jonas, AppFolio, DocuSign, Adobe, etc.
) The above is intended to describe the general content of and requirements for the performance of this job.
It is not to be construed as an exhaustive statement of duties, responsibilities or physical requirements.
Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities to this job at any time.
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Bear Real Estate Group is proud to be an Equal Employment Opportunity and Affirmative Action employer.
We do not discriminate based upon race, religion, color, national origin, gender (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics