What are the responsibilities and job description for the Senior Real Estate Development Accountant position at Caldwell Watson Real Estate Group, Inc.?
Description
Job Description:
We are seeking an experienced Senior Real Estate Development Accountant to manage and oversee financial operations for residential master-planned development projects. This role requires a deep understanding of real estate development accounting, cost tracking, and financial reporting. The ideal candidate will support the organization by ensuring the accuracy of financial data, compliance with accounting standards, and collaboration with cross-functional teams to achieve project goals.
Key Responsibilities:
Accounting and Financial Reporting
- Prepare journal entries, account reconciliations, and monthly financial statements.
- Record and reconcile financial transactions, including lot sales, land purchases, construction, and infrastructure costs.
- Track and allocate project costs, including soft costs, hard costs, and capital expenditures.
- Calculate Cost of Goods Sold for monthly lot sale activity.
- Prepare construction draw packages.
- Manage incoming funds and calculate development fees.
- Prepare bank reconciliations for multiple bank accounts.
- Maintain detailed job costing records for multiple projects.
- Prepare monthly draw packages to various lenders.
- Familiar with AIA documentation.
Reporting and Analysis
- Prepare periodic reports on project financial performance, including cost summaries and profitability analyses.
- Assist in MUD Bond Reimbursement applications, funding, and cost analysis.
- Maintain accurate and comprehensive documentation of project-related financial activities.
- Assist in creating reports for internal stakeholders, investors, lenders, and regulatory bodies.
Collaboration
- Partner with development teams, finance teams, and project managers to ensure smooth financial operations.
- Develop relationships with project lenders and ensure loan compliance.
- Assist with external audits and provide detailed documentation as needed.
- Work with CPA firms for annual tax return preparation
- Support strategic decision-making by providing financial insights and recommendations.
Requirements
Requirements:
- Bachelor’s degree in accounting, Finance, or a related field.
- 3–7 years of accounting experience in real estate land development, residential projects, or a related field.
- Proficiency in real estate and development accounting practices.
- Experience with Sage Intacct and Titanium accounting software.
- Advanced Microsoft Excel skills, including the ability to create complex models and analyses.
- Strong analytical and problem-solving abilities.
- Knowledge of land development processes, including Job costing, MUD Reimbursements, lender draws, COGS, and infrastructure.
- Exceptional attention to detail and organizational skills.
- Ability to manage multiple projects and meet tight deadlines.
- Strong communication and interpersonal skills.
- A proactive approach to identifying and resolving issues.
Compensation and Benefits:
- Competitive salary based on experience and qualifications.
- Comprehensive benefits package, including medical, dental, and vision insurance.
- 401(k) retirement plan with company match.
- Paid time off, holidays, and personal leave.
- Opportunities for professional growth and development.
Caldwell Companies is an equal-opportunity employer.
