Director of Accounting (Development Company)

OverviewWe are a fast-growing real estate development company expanding our residential platform andpreparing for future institutional capital partnerships. The Director of Accounting will lead thefinancial operations of the development division, overseeing contractor draw processing, carriedinterest program administration, third-party accounting coordination, and overall accountingstructure as the division scales. This role requires a hands-on, solutions-oriented leader who canstrengthen financial rigor, build scalable processes, and support growth across five geographicdivisions.Key ResponsibilitiesDevelopment Accounting & Financial Operations• Lead and manage the full draw process for contractors, including review, validation, andcoordination with internal teams, lenders, and project managers.• Ensure timely, accurate processing and documentation of all development-relatedtransactions 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 eligibleparticipants.• Partner with leadership and legal to refine the program structure as the companytransitions toward institutional capital.Accounting Department Structure & Process Design• Assess current accounting workflows, systems, and staffing needs within thedevelopment division.• Make recommendations to senior management on optimal organizational structure as thecompany grows.• Implement approved structural or process changes to improve efficiency, internalcontrols, and reporting quality.Third-Party Accounting Team Oversight• Serve as the primary point of contact for the outsourced accounting provider, ensuringhigh-quality deliverables and adherence to deadlines.• Review and approve monthly financials, reconciliations, budget-to-actual reports, and jobcost statements prepared by the third-party team.• Establish KPIs, service standards, and communication protocols to support performanceand 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 financialanalyses.• Prepare reporting packages for internal leadership, external auditors, lenders, and futureinstitutional investors.• Ensure compliance with GAAP and company accounting policies.Cross-Functional Collaboration & Leadership• Work closely with development, construction, asset management, and executive teams toensure 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 accountingprocedures 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 estatedevelopment 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-growingenvironment.