Development Accountant

Development Accountant 
Full Time Permanent
Boston, MA- REMOTE 
$65-75k/yearly 

Our Real Estate client is seeking a Development Accountant to join their growing team. This position will assist with new acquisitions, development projects, and property management. 

Qualifications: 

*    Bachelor’s degree in Accounting required
*    2-5 years general ledger maintenance, financial statement preparation and month-end close experience 
*    Year end audit workpaper preparation experience 
*    Knowledge of real estate, development accounting 
*    Experience with low-income housing tax credits 
*    Hard-working, accountable, self-motivated with an ability to work independently.  Must have good analytical skills 
*    Must be detail oriented with proven organizational and communication skills.  
*    Ability to consistently meet deadlines and work under pressure due to work complexity and time sensitivity. 

Responsibilities: 
*    Oversee and manage a portfolio of development projects. 
*    Review monthly project requisitions prepared by junior staff.
*    Communicate with lenders and investors regarding project funding.  
*    Have a general understanding of the following programs and apply knowledge to assigned projects to maximize the financial benefits to staff and our investor partners.  
o    Internal Revenue Code § 42 – Low-income housing credit
o    National Park Service historic tax credit program
o    State low-income and historic tax credit programs
o    Tax-exempt bond financing rules when partnered with 4% credits 
*    Displays a willingness and drive to increase knowledge of the federal and state programs listed above.
*    Prepare workpapers and forms for the reports required by agencies and bond counsel including LIHTC and 40B cost certifications, 10% carryover allocation test, 50% test, 95/5 certification, 8609 forms, and state low-income and historic tax credit forms.      
*    Prepare year end audit and tax return workpapers and correspond with external auditors regarding same.
*    Submit equity installment requests and correspond with investors regarding same.
*    Gain an understanding of project models and proformas including the financing, equity, and tax credit basis assumptions.
*    Read and interpret the legal agreements and contracts that govern assigned projects. 
*    Work closely with development directors on budget analysis to prepare tax credit delivery projections, monthly forecasts and projected sources and uses.
*    Work closely with internal and external parties to prepare and execute acquisition, construction and permanent loan closing documentation and schedules.    
*    Ability to recognize inefficiencies and provide solutions to streamline processes and procedures.
*    Assign tasks to, review work of and assist in the training of new hires and junior staff.  
*    Assist in the generation of department policies and procedures.
*    Provide feedback to supervisors on the performance of junior staff.   
*    Work on special projects and ad hoc reporting as requested.
*    Understand all the duties and responsibilities of the staff development accountant and development accounting associate and provides guidance regarding same.
*    Maintains and respects project confidentiality.

This client requires background check, credit check, and drug test

If interested please send your resume in Word format to bwilliams@ledgent.com
 

We are an equal opportunity employer and make hiring decisions based on merit. Recruitment, hiring, training, and job assignments are made without regard to race, color, national origin, age, ancestry, religion, sex, sexual orientation, gender identity, gender expression, marital status, disability, or any other protected classification. We consider all qualified applicants, including those with criminal histories, in a manner consistent with state and local laws, including the City of Los Angeles’ Fair Chance Initiative for Hiring Ordinance.