Development Cost Accountant

Acruva Capital Partners - Deerfield Beach, FL

Full-time - Mid Level

Deerfield Beach, FL

About the position

The Development Project Accountant at Acruva Capital Partners is responsible for overseeing all aspects of development project accounting, acting as the primary liaison to the Housing Development department. This role involves collaboration with the Director of Development and project managers to ensure accurate financial oversight of real estate development projects, including budget management, invoicing, and compliance with investor and lender requirements.

Responsibilities

• Oversee cash flow for development project sources and uses, reconcile project receivables and payables, and provide monthly reports on advances and repayment schedules.
• Coordinate and perform journal entries for acquisition, construction, and permanent loan closings, managing the funding of reserves and accounts.
• Collaborate with project managers to review and prepare development funding draw requests and manage line of credit drawdown and repayment processes.
• Manage accounts payable for development projects, ensuring proper authorization, coding, and documentation, and oversee payment processing and check disbursement.
• Support project managers and auditors in preparing cost certifications for new or rehabilitated housing projects, assisting with funder financial reporting requests.
• Oversee the use of the line of credit for short-term project expenses.
• Assist with audit preparation, including providing trial balances, reviewing capitalized costs, and responding to auditor requests.
• Assist with routine general ledger close and account reconciliation functions.

Requirements

• Bachelor's degree in accounting.
• At least five years of experience in real estate development or construction accounting.
• Proficient in Excel, Word, and Outlook.
• Experience with Intacct or similar cloud-based enterprise accounting systems preferred.

Nice-to-haves

• Experience in affordable housing real estate development preferred.
• Strong problem-solving skills with a detail-oriented approach.
• Ability to handle multiple priorities and meet deadlines.
• Excellent communication skills and ability to collaborate with different departments.
• Highly organized with a proactive mindset to identify and propose solutions.

Benefits

• 401(k)
• Dental insurance
• Health insurance
• Paid time off