Development & Construction Accountant

About Lincoln Avenue Communities

Welcome to Lincoln Avenue Communities (LAC)! We are a dynamic and entrepreneurial real estate private equity firm that strengthens communities. As a developer, investor, and operator, we provide sustainable, high-quality homes for lower- and moderate-income individuals, seniors, and families across 29 states. With a portfolio encompassing 160+ properties and 20,000+ units, we are committed to creating lasting impacts on the lives of our residents and the communities we serve.

About This Role

Lincoln Avenue Communities (LAC) is seeking an entrepreneurial-minded Development & Construction Accountant to join our collaborative team dedicated to preserving and building affordable multi-family housing across the United States. In this role, you'll play a key role in managing the development process for our real estate assets, ensuring strong financial oversight and successful project execution.

You will report to the Director of Finance or Finance Manager and actively manage development transactions for multiple properties. You'll work closely with senior business leaders, lenders, equity partners, CPAs, general contractors, property managers and various governmental agencies. As rapidly growing, a well-capitalized organization, LAC offers exceptional career growth opportunities and the chance to contribute to impactful projects.

What You'll Do

• Serve as the primary contact for post-closing development transactions.
• Process and manage monthly construction loan draw requisitions for tax credit rehabilitation and new construction projects.
• Oversee the development budget, reconciling and reallocating costs as necessary.
• Monitor construction progress and project reimbursements closely.
• Coordinate timely invoice payments and funding disbursements.
• Manage the timing and funding of equity installments with investor partners.
• Prepare tax credit documents in coordination with third parties.
• Respond promptly to third-party requests and efficiently manage multiple deadlines.
• Track key project-related information, including construction milestones, equity installments, project contacts, bond disclosures, and other critical data.
• Interpret and implement terms of construction contracts, partnership agreements, loan documents, regulatory agreements, closing pro forma financial models and other related agreements.
• Maintain strong professional relationships with state agencies, lenders, investors, credit underwriters, CPAs, general contractors, and architects.
• Oversee tax credit program compliance in collaboration with the compliance specialist.
• Collaborate cross-departmentally to ensure timely delivery of key project milestones.
• Assist management and senior business leaders with various special projects as needed.

Requirements

What You Bring

• Strong work ethic with the ability to manage tasks efficiently, meet deadlines, and consistently deliver high-quality results.
• Highly organized, proactive and reliable with a strong intellectual curiosity.
• Skilled in planning, prioritizing, and driving projects to completion while achieving key milestones.
• Ability to manage multiple deadlines effectively in a fast-paced environment.
• Proficient in evaluating complex data, identifying issues, and presenting actionable solutions.
• Excellent communication, collaboration, and interpersonal skills, with a focus on driving process improvements and enhancing efficiency.
• Self-starter who takes ownership of responsibilities, works independently, and interacts confidently with senior management.

Your Education and Experience

• Bachelor's degree in Accounting, Finance or a related field.
• A minimum of 3 years of experience in Real Estate Development Finance, Accounting and/or Project Management.
• At least 2 years of experience in Construction Accounting is required; Low-income Housing Tax Credit (LIHTC) experience is preferred.
• Experience in interpreting financial models related to real estate transactions.
• Proficient in Microsoft Office, particularly with skills in MS Excel.
• Strong understanding of construction documents (i.e. AIA G702 G703, G704, lien waivers, change orders, certificates of completion).
• Knowledge of HUD loan programs is preferred.
• Strong attention to detail in financial transactions and budget management (experience with development budgets and construction cost tracking throughout the project lifecycle is highly beneficial).
• Demonstrated ability to effectively manage multiple projects and deadlines in a fast paced, dynamic environment.
• Proven problem-solving skills with a proactive approach to identifying and addressing challenges.
• Familiarity with real estate development software (i.e. Real Page, Yardi or similar systems) is a bonus.

Benefits

Benefits

The expected base salary for this role is $80,000. This represents the current target and is subject to change. To determine starting pay we carefully consider a variety of factors, including primary work location and an evaluation of a candidate's skills, experience, market demands, and internal parity. Our comprehensive total rewards package offers more than just a salary. Benefits include:

• Performance-based bonuses
• Full medical, dental, and vision coverage for you and your dependents
• 401(k) plan with employer matching and immediate vesting
• Life and disability insurance
• Generous PTO, holidays, and sick time
• Paid parental leave
• Employee referral incentives
• Fun company and team-building events
• Continuous learning and development opportunities

Equal Employment Opportunity

Lincoln Avenue Communities is an equal-opportunity employer. We prohibit discrimination and harassment of any kind and afford equal employment opportunities to employees and applicants without regard to race, color, religion, sex, sexual orientation, gender identity or expression, pregnancy, age, national origin, disability status, genetic information, protected veteran status, or any other characteristic protected by law. At LAC, we conform to the spirit and the letter of all applicable laws and regulations.

Qualification

Bachelor's Degree