Development & Construction Accountant

Lincoln Avenue Communities Development & Construction Accountant

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.

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.