Senior Director of Development Accounting

New York, New York • $130,000 - $150,000

About the Company:

Our client, a real estate investment firm is looking for a Senior Director of Development Accounting to join the firm’s midtown Manhattan office. The candidate will support the Development and Investment teams in supervision of the Development Accounting team activities, as well as managing and servicing loan portfolios.

Responsibilities:

  • Review and supervise the Development Accounting team inclusive of the monthly closing of books, reconciling invoices, maintaining lien waivers and preparing analysis and project forecasts
  • Establish procedures to properly service construction and real estate loan portfolios
  • Maintain transaction records in loan servicing systems
  • Responsible for the accuracy of loan data across risk, finance and business systems records
  • Liaise with borrowers, governmental agencies, equity partners, and other external parties
  • Coordinate with internal finance team leaders to ensure the accurate recording of data
  • Monitor the status of the portfolio, including participating in extensions, modifications, and other pipeline events
  • Manage compliance and loan requirements/conditions are being met prior to monthly and ongoing loan advances
  • Review ongoing loan information on a monthly basis for discrepancies and data integrity
  • Assist in identifying and monitoring economic characteristics and risk profile information of the loan portfolio

Requirements:

  • Bachelor’s Degree in Real Estate, Finance, or Accounting with demonstrated academic excellence
  • Advanced degree in Real Estate, Finance or Accounting a plus
  • 8+ years of relevant Development Accounting experience or similar
  • Prior experience with loan servicing preferred

Compensation & Benefits:

  • $130,000 – $150,000
  • Top-tier benefits
  • Excellent vacation/sick policy

 

 

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