Senior Development Accountant

POSITION TITLE:             Senior Development Accountant

FLSA STATUS:                 Exempt/ Temporary

This is a hybrid position, working two days a week in Long Beach, California.  It is a temporary position projected to be through November 2026.

 

Hiring range: $84,139 to $98,987

 

Note: The pay range is included in this posting to provide transparency and to reflect the potential for future compensation growth within the organization.  New hires are placed within the hiring range based on their qualifications, experience, and alignment with the internal equity of existing staff members.  Exceptions are considered only in rare cases where a candidate possesses highly specialized skills or expertise that are difficult to find in the market and are directly aligned with the position description.

 

Benefits Include: Medical/ Dental/ Vision; 401(k) with match; life insurance; long term disability coverage; medical and dependent care FSA.

 

POSITION SUMMARY

The Senior Development Accountant reports directly to the Development Accountant Manager. This position works closely with the Housing Development department and is responsible for the financial review and oversight of the budgets and reporting for construction and development of properties. This position supervises Development Staff Accountants and is the back-up to the Development Accountant Manager.

 

ESSENTIAL FUNCTIONS

• Supervises and directs development accountants as assigned. Provides training, manages monthly/quarterly reporting, manages workflow of team, and engages in performance discussions.
• Coordinates with the development accountants on the pre-development and construction phases through stabilization. 
• Reviews all draw packages for completeness, monitors submission of draw packages to lender
• Reviews financials comparing actual to budget and partners with Project Managers to keep projects in line with their budget
• Prepares Yardi generated job cost reports that tie out to trial balance reports and draw summary report
• Reviews bank reconciliations prepared by the development staff accountants; and prepares bank reconciliations for assigned projects in construction
• Oversees the validation of ACH/wire instructions
• Ensures project trial balances are reconciled, complete, and ready for the year-end audits/compilations, and cost certification
• Works with the Accounting management team to develop policies and procedures
• Approves development construction payments: ACH Wires and Positive Pay
• Performs additional Ad Hoc Projects as assigned by the Development Accountant Manager and the Accounting Management team

KNOWLEDGE, SKILLS, AND ABILITIES

Knowledge of:

• Development and job cost practices and impact on General Ledger
• Preparation of Draw packages
• Contract Management in Yardi a plus
• Yardi Voyager 7S or major systems experience
• Accepted methodologies for budgeting and cash forecasting
• Demonstrates proficiency in Microsoft: Excel and Word

Skill Level:

• Strong leadership skills; manage team of 4 or more
• Strong analytical skills dealing with financial data and budgets
• Superior writing and communication skills
• Proficient in the use of personal computers and related software applications
• Strong attention to detail

Ability to:

• Analyze and monitor budgets
• Provide feedback to Project Managers on development project financial status
• Set priorities in a fast-paced environment
• Affordable Housing experience a plus

 

EDUCATION AND EXPERIENCE REQUIREMENTS

A combination of education and related experience may substitute for education requirements.

• BA in Finance or Accounting, or related field and
• 5 years’ experience in real estate development accounting or related field, demonstrating solid understanding of job costs, real estate accounting principles, and financial statement preparation

 

PHYSICAL DEMANDS AND WORKING CONDITIONS

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Work is performed primarily in an office environment under pressure and requires the ability to quickly adjust to changing priorities and demands
• While performing the duties of this job, the employee is frequently required to sit and use a keyboard
• Travel by various modes of private and commercial transportation within the region may be required

 

 

 

The statements contained in this position description reflect general details as necessary to describe the primary functions of this position, the level of knowledge and skill typically required, and the scope of responsibility, but should not be considered an all-inclusive listing of work requirements. Individuals may perform other duties as assigned including work in other functional areas to cover absences or relief, to equalize peak work periods or otherwise to balance the workload.

Develops and operates affordable housing for underserved communities.