McDowell Housing Partners
Overview
McDowell Housing Partners is hiring a Senior Development Accountant.
Department:
Accounting
Reports to:
Development Controller
Location:
Brickell, FL (In Office)
Job Type:
Full Time, Exempt
We are seeking a dedicated and detail oriented
Senior Development Accountant
to join our team. This role is essential to our mission of developing high quality affordable and workforce housing for families and seniors.
As a key member of the accounting department, you will work closely with Development, Finance, and Asset Management teams to manage financial accounting and reporting for a portfolio of projects through all phases including predevelopment, construction, and post closing through stabilization and debt conversion.
The right candidate will bring proven experience with
construction draws, cost certifications, and compliance with public and private financing requirements, including LIHTC . This is a pivotal position where you will ensure financial accuracy and support collaboration across teams at every stage of the development process.
Responsibilities
Project Accounting & Reporting: Maintain accurate and timely accounting records for assigned projects.
Enter and review project budgets, vendor contracts, and change orders in Yardi.
Review and approve invoices, ensuring proper classification and supporting documentation.
Monitor invoice aging, manage cash flow, and coordinate with development teams to verify services and materials before payment.
Reconcile project bank accounts and key balance sheet accounts (cash, AP, loans, equity, construction in progress, intercompany).
Prepare monthly and quarterly project financial statements and budget to actual reports.
Maintain detailed support schedules, including development budgets, sources and uses, loan balances, investor equity contributions, contingencies, developer fee schedules, and cash needs.
Prepare and submit monthly construction draws to lenders, investors, and public funders.
Collaborate with development teams, contractors, and lenders to resolve draw related issues.
Manage the Notice to Owner (NTO) log: verify contract amounts, work performed, and payment status; coordinate on potential lien claims; track lien waivers; and oversee payment releases.
Project Phases
Finance Close:
Prepare closing draw, coordinate closing documents, and record final budgets and funding sources in Yardi.
Lease Up:
Track and include operating invoices incurred during lease up in construction draws.
Stabilization and Conversion:
Prepare cost schedules for auditors, reconcile the general ledger with final sources and uses, manage cash flow needs during stabilization, request funds for ongoing costs, and assist with cost certification packages.
Qualifications
Bachelor’s degree in Accounting, Finance, or related field.
Five or more years of accounting experience, with at least three years in real estate development accounting (LIHTC experience strongly preferred).
Demonstrated experience preparing construction draw packages and working with development budgets.
Advanced Excel skills and proficiency with Yardi Voyager.
Exceptional attention to detail and accuracy.
Strong analytical and problem solving skills.
Excellent organizational and time management abilities.
Effective communicator with cross department collaboration skills.
Ability to manage multiple projects and competing deadlines.
If you are looking for an opportunity to make a direct impact on communities while advancing your career in real estate development accounting, we would love to hear from you.
Apply today to join a mission driven team that is building more than housing, we are building opportunity!
#J-18808-Ljbffr
Department:
Accounting
Reports to:
Development Controller
Location:
Brickell, FL (In Office)
Job Type:
Full Time, Exempt
We are seeking a dedicated and detail oriented
Senior Development Accountant
to join our team. This role is essential to our mission of developing high quality affordable and workforce housing for families and seniors.
As a key member of the accounting department, you will work closely with Development, Finance, and Asset Management teams to manage financial accounting and reporting for a portfolio of projects through all phases including predevelopment, construction, and post closing through stabilization and debt conversion.
The right candidate will bring proven experience with
construction draws, cost certifications, and compliance with public and private financing requirements, including LIHTC . This is a pivotal position where you will ensure financial accuracy and support collaboration across teams at every stage of the development process.
Responsibilities
Project Accounting & Reporting: Maintain accurate and timely accounting records for assigned projects.
Enter and review project budgets, vendor contracts, and change orders in Yardi.
Review and approve invoices, ensuring proper classification and supporting documentation.
Monitor invoice aging, manage cash flow, and coordinate with development teams to verify services and materials before payment.
Reconcile project bank accounts and key balance sheet accounts (cash, AP, loans, equity, construction in progress, intercompany).
Prepare monthly and quarterly project financial statements and budget to actual reports.
Maintain detailed support schedules, including development budgets, sources and uses, loan balances, investor equity contributions, contingencies, developer fee schedules, and cash needs.
Prepare and submit monthly construction draws to lenders, investors, and public funders.
Collaborate with development teams, contractors, and lenders to resolve draw related issues.
Manage the Notice to Owner (NTO) log: verify contract amounts, work performed, and payment status; coordinate on potential lien claims; track lien waivers; and oversee payment releases.
Project Phases
Finance Close:
Prepare closing draw, coordinate closing documents, and record final budgets and funding sources in Yardi.
Lease Up:
Track and include operating invoices incurred during lease up in construction draws.
Stabilization and Conversion:
Prepare cost schedules for auditors, reconcile the general ledger with final sources and uses, manage cash flow needs during stabilization, request funds for ongoing costs, and assist with cost certification packages.
Qualifications
Bachelor’s degree in Accounting, Finance, or related field.
Five or more years of accounting experience, with at least three years in real estate development accounting (LIHTC experience strongly preferred).
Demonstrated experience preparing construction draw packages and working with development budgets.
Advanced Excel skills and proficiency with Yardi Voyager.
Exceptional attention to detail and accuracy.
Strong analytical and problem solving skills.
Excellent organizational and time management abilities.
Effective communicator with cross department collaboration skills.
Ability to manage multiple projects and competing deadlines.
If you are looking for an opportunity to make a direct impact on communities while advancing your career in real estate development accounting, we would love to hear from you.
Apply today to join a mission driven team that is building more than housing, we are building opportunity!
#J-18808-Ljbffr