The Development Accounting Manager is responsible for managing the maintenance and control of project construction accounting. She or he supervises the Project Accountants and Project Accounts Payable in all aspects relating to the day-to-day accounting activities and the project construction draws. She or he also works directly with auditors in costs certification and financial statement audits and annual tax returns submissions, compliance and communications. She or he is also the lead person in dealing with the partnership investors regarding their financial reporting requirements.

The position requires a highly detail-oriented individual with strong written and oral presentation capacity, excellent accounting skills, and team building ability. He or she thrives in an active office environment that is very entrepreneurial, and informal yet professional. He or she maintains a positive approach to work challenges.

Responsibilities:

• Manages the maintenance and control of project accounting in all aspects relating to recording of cash receipts, deposits and disbursements, management of development and project cash, reconciliation of bank accounts, reconciliation of inter-company accounts and the preparation and recording of journal entries pertaining to transfer of development costs from BHC books to project's books, interest on loans, amortization and depreciation costs and other adjusting entries.
• Reviews monthly construction draws prepared by Accountants before submission to Project Managers.
• Reviews the construction and operating projects financial statements as prepared by Accountants monthly.
• Responsible for the periodic financial reporting compliance with partnership investors.
• Prepares forms and other analyses needed in cost certifications and financial statements audits and works with Project Managers and auditors to complete the timely submission of cost certifications and financial statements.
• Coordinates the preparation of annual 1099 form for projects.
• Coordinates the preparation of quarterly insurance cost summaries for all projects insured for course of construction insurance. Coordinates with insurance company representatives for annual insurance audits.
• Coordinates with Property Management staff in the transition accounting of construction projects and monthly financial reporting of operating projects.
• Oversees periodic cash management reporting and other internal financial management reporting.

Qualifications:

The Development Accounting Manager must have excellent organizational skills, will be able to perform multiple tasks on an ongoing basis, be able to communicate effectively with staff, and be able to demonstrate his or her ability to carry out the duties of the role in a timely and autonomous manner in a team context. Bachelor's degree in accounting or financial management required. CPA or masters degree in business or related field a plus. At least three years experience in real estate development accounting required. Prior experiences in low income housing finance and development a plus.