Development Accountant I (Boston HQ)

Responsibilities

• Work with project directors, lenders, and investors to process monthly construction draw/requisition requests in accordance with the Construction Loan Agreement and Investor benchmarks for equity releases.
• Manage project cash to ensure timely processing of payable.
• Collaborate with the project directors to maintain and track all project sources and uses.
• Perform all property accountant responsibilities during the rehab period.
• Responsible for financial tasks such as cash position and general ledger balances; prepare journal entries; reconcile bank accounts; tie-out subledger reports to general ledger, calculate and process monthly management fees and accounting fees; and monitor security deposit liability to ensure it is fully funded.
• Complete comprehensive audit workpaper packages in accordance with GAAP and respond to questions from CPA firms in a timely manner and in accordance with deadlines.
• Prepare monthly operating projection file for financial analyst review.
• Track Development company cash advances to project and process timely reimbursements to Development company
• Assist with preparation of the cost certification package, including reconciling system to DSS workpapers, uploading all supporting documentation for auditors, and collaborate with project director to finalize projections.
• Ensure all real estate tax, insurance and mortgage payments are made timely and escrows are properly maintained.
• Prior to property acquisition, participate and follow up on internal WinnSTART accounting tasks.

Requirements

• Associate's degree in Accounting and/or Finance.
• 1-3 years of relevant work experience.
• Experience with Microsoft Office Suites including Word & Excel and other computer systems.
• Strong understanding of textbook accounting fundamentals.
• Ability to focus, achieve deadlines and work with a dynamic team of professionals.
• Possess strong written and verbal communication skills in the English language.
• Excellent costumer service skills, positive attitude and a strong work ethic.
• Ability to multi-task in a fast-paced office environment.
• Superb attention to detail.
• Outstanding verbal and written communication skills.

Preferred Qualifications

• Bachelor's degree in Accounting and/or Finance.
• CPA Certification.
• Residential real estate background.
• Understanding of affordable housing tax credits.
• Experience with RealPage software.