Development Finance Professional
2 weeks ago
Estimated Salary: $140,000 - $190,000 per annum
About the RoleThe Development Finance Professional will be responsible for managing financial aspects of real estate development projects, including investment and partnership accounting activities. This role requires strong analytical and problem-solving skills to ensure accurate financial reporting and compliance with regulatory requirements.
Key Responsibilities:
- Manage investment and partnership accounting activities for operational and development real estate investments
- Prepare monthly property management financial statements and reports for owners, partners, and investors
- Maintain job costing for assigned development projects and review construction budgets
- Analyze capitalization of costs and ensure compliance with company policies
- Prepare loan draw packages for CFO review and submission to lenders, title companies, and partners
Requirements:
- Undergraduate degree in accounting or related field required
- Minimum 5 years' experience in commercial real estate investment and development
- Understanding of real estate fundamentals, partner capital structures, waterfall distributions, and IRRs preferred but can be taught
- Strong problem-solving and analytical skills
- Proficiency in Microsoft Word and Excel; MRI and Yardi accounting software a plus
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