Director of Accounting (Development Company)

Overview
We are a fast-growing real estate development company expanding our residential platform and
preparing for future institutional capital partnerships. The Director of Accounting will lead the
financial operations of the development division, overseeing contractor draw processing, carried
interest program administration, third-party accounting coordination, and overall accounting
structure as the division scales. This role requires a hands-on, solutions-oriented leader who can
strengthen financial rigor, build scalable processes, and support growth across five geographic
divisions.
Key Responsibilities
Development Accounting & Financial Operations
Lead and manage the full draw process for contractors, including review, validation, and
coordination with internal teams, lenders, and project managers.
Ensure timely, accurate processing and documentation of all development-related
transactions and project expenditures.
Maintain audit-ready job cost records, project budgets, and financial support schedules.
Carried Interest (Promote) Program Management
Administer the carried interest program across all five divisions, including allocations,
vesting schedules, adjustments, and ongoing tracking.
Prepare and maintain accurate carried interest reporting for leadership and eligible
participants.
Partner with leadership and legal to refine the program structure as the company
transitions toward institutional capital.
Accounting Department Structure & Process Design
Assess current accounting workflows, systems, and staffing needs within the
development division.

Make recommendations to senior management on optimal organizational structure as the
company grows.
Implement approved structural or process changes to improve efficiency, internal
controls, and reporting quality.
Third-Party Accounting Team Oversight
Serve as the primary point of contact for the outsourced accounting provider, ensuring
high-quality deliverables and adherence to deadlines.
Review and approve monthly financials, reconciliations, budget-to-actual reports, and job
cost statements prepared by the third-party team.
Establish KPIs, service standards, and communication protocols to support performance
and accountability.
Core Accounting & Reporting Responsibilities
Oversee month-end close for the development division, ensuring accuracy and timeliness.
Coordinate annual budgets, reforecasts, cash flow projections, and project-level financial
analyses.
Prepare reporting packages for internal leadership, external auditors, lenders, and future
institutional investors.
Ensure compliance with GAAP and company accounting policies.
Cross-Functional Collaboration & Leadership
Work closely with development, construction, asset management, and executive teams to
ensure financial transparency and consistent project reporting.
Support due diligence efforts related to capital raises, lender reviews, and external audits.
Provide guidance and mentorship to internal staff and divisional leaders on accounting
procedures and best practices.
Qualifications
Bachelor’s degree in Accounting, Finance, or related field; CPA strongly preferred.

7+ years of progressive accounting experience, with at least 3 years in real estate
development or construction accounting.
Strong knowledge of development accounting, job costing, and carried interest structures.
Experience managing outsourced accounting or multi-division accounting operations.
Proven ability to design scalable processes and build structure within a fast-growing
environment.
Excellent analytical, communication, and leadership skills.