Development Accounting Specialist

DEVELOPMENT ACCOUNTING SPECIALIST

SUMMARY

As a Development Accounting Specialist, you will play a crucial role in supporting the financial management and accounting operations of the company's development projects. This position requires a detail-oriented and organized individual with a solid understanding of basic accounting principles, excellent administrative skills, and the ability to work collaboratively with the development and accounting teams. You will be responsible for assisting with various accounting and administrative tasks related to development projects, ensuring accurate record-keeping, efficient processing of financial transactions, and providing support to the development accounting team.

ESSENTIAL JOB DUTIES AND RESPONSIBILITIES

• Assist in processing weekly accounts payable and accounts receivable transactions related to development projects, including coding invoices, preparing payments, and various reconciling items, including bank accounts.
• Maintain organized records of development-related financial transactions, including invoices and basic supporting documentation.
• Support in the preparation of project budgets and financial reports by gathering data.
• Support the development accounting team by assisting with draw requests.
• Assist in the coordination of project audits by providing documents as needed.
• Perform general administrative tasks, such as filing, copying, and organizing documents.
• Prepare and maintain monthly draw tracker templates to support accurate project cost tracking and reporting.
• Assist with uploading monthly draw packages to lenders and external equity partners via Dropbox.
• Reconcile and process monthly employee expense reports by reviewing transactions, verifying accuracy, and ensuring proper general ledger coding.
• Manage quarterly invoicing allocations of employee expenses back to development projects. 
• Communicate with vendors and internal stakeholders to resolve basic project-related accounting inquiries in a timely manner.
• Leverage strong technical skills with an interest in AI, automation, and process improvement to enhance accounting workflows.
• Maintain and verify vendor contact information and assist with year-end 1099 processing and compliance. 
• Support additional accounting projects and tasks as assigned. 

SKILLS AND EXPERIENCE

• Associate’s degree in Accounting, Finance, or a related field; a Bachelor’s degree is not required, but a plus.
• 2+ years of experience in accounting or administrative roles, preferably in a construction or real estate development environment.
• Experience with accounting software and project management software is a plus.
• Basic understanding of accounting principles.
• Good organizational and time-management skills.
• Attention to detail and accuracy in data entry.
• Proficiency in Microsoft Office Suite, particularly Excel.
• Ability to work independently and as part of a team.
• Good written and verbal communication skills.
• Must have a valid driver’s license with no major infractions in the last 12 months.

WORK ENVIRONMENT

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is often exposed to outside weather conditions. The noise level in the work environment is usually moderate.

This job description is intended to provide a general overview of the Development Accounting Specialist role. The specific duties and responsibilities may vary.