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Development Accountant Jobs (NOW HIRING)

TORP Group

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Development Accountant, EXCELLENT OPPORTUNITY for a CPA Candidate!

New York, NY · On-site

$70K - $85K/yr

This Development Accountant provides comprehensive accounting, budgeting, and financial reporting support for development entities, ensuring timely and accurate financial statements through detailed ...

AHC Inc

Real Estate Accounting Controller

Arlington, VA · On-site

$140K - $160K/yr

Hire, train and supervise development accountant to monitor project-level budgets and job cost tracking with budget-to-actual analysis in coordination with Construction and Development teams.

RXR

Development Accounting Supervisor

New York, NY · On-site

Role Summary Development Accounting Supervisor is responsible for overseeing the development and cost accounting processes across development projects. This role ensures accuracy, compliance and ...

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$34.5K

$65.8K

$98K

How much do development accountant jobs pay per year?

As of Jun 3, 2026, the average yearly pay for development accountant in the United States is $65,812.00, according to ZipRecruiter salary data. Most workers in this role earn between $54,000.00 and $74,000.00 per year, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a Development Accountant, and why are they important?

To thrive as a Development Accountant, you need a solid understanding of accounting principles, real estate finance, and project budgeting, typically supported by a degree in accounting or finance and relevant experience. Proficiency with accounting software such as Yardi or MRI, and advanced Excel skills, are commonly required, along with knowledge of GAAP and industry-specific regulations. Strong attention to detail, organizational skills, and effective communication are essential soft skills for managing complex projects and collaborating with various stakeholders. These competencies are critical for ensuring accurate financial tracking, compliance, and successful project delivery in real estate development environments.

How does a Development Accountant typically collaborate with project managers and other departments during real estate projects?

Development Accountants work closely with project managers, construction teams, and finance departments to ensure accurate tracking of project costs and budgets. They provide regular financial reports, monitor expenditures, and help forecast future spending, enabling project managers to make informed decisions. Effective communication and teamwork are essential, as Development Accountants often participate in cross-departmental meetings, address financial queries, and help resolve any discrepancies that arise during the course of a project. This collaboration supports the timely and efficient completion of development projects.

What are Development Accountants?

Development Accountants are financial professionals who specialize in managing and tracking the finances of real estate development projects. They are responsible for budgeting, forecasting, processing invoices, monitoring project costs, and ensuring compliance with financial regulations throughout the development process. Their work helps developers stay on budget and make informed decisions by providing accurate and timely financial reports. Development Accountants often collaborate with project managers, contractors, and lenders to ensure the financial success of development projects.

What is the difference between Development Accountant vs Project Accountant?

AspectDevelopment AccountantProject Accountant
CredentialsCPA or equivalent, accounting degreeCPA or equivalent, accounting degree
Work EnvironmentReal estate, construction, or development firmsConstruction, engineering, or infrastructure projects
Employer & IndustryReal estate developers, construction companiesConstruction firms, project management companies

Both roles require similar credentials and often work within the construction or real estate industries. The Development Accountant focuses on financial management related to property development projects, while the Project Accountant handles financials for specific construction projects. Understanding these distinctions helps candidates target their job search effectively.

More about Development Accountant jobs
What cities are hiring for Development Accountant jobs? Cities with the most Development Accountant job openings:
What are the most commonly searched types of Development Accountant jobs? The most popular types of Development Accountant jobs are:
What states have the most Development Accountant jobs? States with the most job openings for Development Accountant jobs include:
What job categories do people searching Development Accountant jobs look for? The top searched job categories for Development Accountant jobs are:
Development Accountant jobs near you
Infographic showing various Development Accountant job openings in the United States as of May 2026, with employment types broken down into 25% As Needed, 25% Full Time, and 50% Contract. Highlights an 80% Physical, 14% Hybrid, and 6% Remote job distribution, with an average salary of $65,812 per year, or $31.6 per hour.
Development Accountant (Foster City Office)

Development Accountant (Foster City Office)

MidPen Housing

Foster City, CA • On-site

$90K - $95K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 15 days ago

Job description

About MidPen
At MidPen, we build communities that change lives. Since 1970, we have been committed to our mission: to provide safe, affordable housing of high quality to those in need; establish stability and opportunity in the lives of residents; and foster diverse communities that allow people from all ethnic, social, and economic backgrounds to live in dignity, harmony, and mutual respect.
We develop affordable housing, provide professional property management for all our communities, and coordinate robust onsite support programs that help residents thrive. We are active in 12 Northern California counties and have earned recognition as one of the nation's leading non-profit developers and stewards of affordable housing. Our current portfolio of more than 130 properties is home to 20,000 working families, seniors, and people with special needs. We take pride in delivering affordable housing solutions, and we invite you to join us on a journey toward social, economic, and racial equity.
MidPen is, once again, proud to be certified as an official Great Place to Work® in 2025.
Location: Foster City Office
Development Accountant
This position is responsible for the full accounting cycle of development projects and newly placed in service properties in a given portfolio around 10 plus projects with minimum of 6 major on-going projects, including the analytical and reconciliation of all transactions in compliance with US GAAP, MidPen Accounting Policies and Procedures Manual and other statutory requirements, e.g., Low Income Housing Tax Credit rules.
The Development Accountant works with a variety of team members in Development, Corporate and Property Accounting, Property Management, Asset Management and Resident Services as well as the management team at MidPen.
Responsibilities
  • Prepare and submit loan draw requests in a timely manner.
  • Track project actual costs and funding usages vs. project budgeted and contracted amounts in Job Cost Module and related interface with various applications. Prepare analysis of budget, contract, and actual variances, as needed
  • Perform general ledger analysis for the assigned projects, account reconciliations, monthly close and prepare financial statements
  • Prepare annual audit schedules and work with external auditors to complete audit and tax returns and ensure all are filed within timeline of partnership and other applicable agreements
  • Collaborate with project managers and other accountants to meet company's accounting needs and reporting requirements
  • Apply and understand the proper accounting treatment under GAAP with accurate documentation and correct recording of transactions.
  • Prepare annual audit schedules and works with the external auditors to complete audited financial and prepare cost cert audit with support from accounting managers
  • Responsible for reading and understanding all compliance and partnership documents of assigned projects, including regulatory and loan agreements, as well as accounting treatment associated with each document
  • Concisely present financial information and appropriately answer accounting questions to management and other users, as requested
  • Ensure all inter-entity transactions are in balance. Analyze and clear variances prior to financial reporting close
  • Ensure surplus distributions are correctly calculated and appropriately distributed
  • Provide ad-hoc reporting, as requested. High proficiency in Excel tools used in analysis

Qualifications
Physical Requirements
  • Constantly perform desk-based computer tasks
  • Frequently sitting
  • Occasionally stand/walk, reach/work above shoulders, grasp lightly/fine manipulation, grasp forcefully, use a telephone, sort/file paperwork or parts, lift/carry/push/pull objects that weigh up to 10 pounds
  • Rarely twist/bend/stoop/squat, kneel/crawl

Education and Experience
  • Bachelor degree in Accounting or Business Administration
  • CPA preferred. Strong GAAP knowledge required, and Low-Income Housing Tax Credit knowledge a plus.
  • Minimum of two years of general ledger accounting experience required with increased responsibilities.
  • Experience in accounting for job costs, real estate development, property rehab or construction, preferred.
  • Experience reviewing and ensuring compliance of regulatory, partnership, and loan agreements preferred.
  • Experience using enterprise accounting software and working knowledge of RealPage preferred.
  • High degree of accuracy, accountability and consistency produce quality work.
  • Ability to multi-task and work with changing priorities.
  • Advanced PC applications: Excel, Word, Access, and Outlook.
  • Excellent English written and oral communication skills.
  • Must be able to communicate with diverse parties and promote department teamwork.

Pay Range
$90,000 - $95,000 Annual Salary - Pay based on applicable experience and qualifications
Benefits and Compensation (see here for full details)
  • Health Insurance
  • Dental, Vision, Life & Disability Insurance
  • 403(b) Retirement Investment
  • Employee Education Reimbursement Program
  • Paid Parental Leave
  • FSA for Childcare, Medical, and Commuter Benefits
  • EAP Program
  • Pet Insurance
  • Paid Time Off
  • Company Holidays
  • Wellness Days

EQUAL OPPORTUNITY EMPLOYER
MidPen Housing Corp. provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.
We are committed to providing an inclusive and accessible hiring process. If you need a reasonable accommodation for any part of the application or interview process, please notify your recruiter. Consistent with its obligations under the law, MidPen Housing Corp. will provide reasonable accommodation to any employee with a disability who requires accommodation to perform the essential functions of his or her job.

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