Senior Development Accountant

Description

We are seeking an energetic, dedicated professional to join our team in Plymouth, MN as a Senior Development Accountant!

About Us

Roers Companies is a 2025 USA Today Top Workplace and a national leader in multifamily real estate investment, development, construction, and property management. Headquartered in Plymouth, Minnesota, we're on a mission to elevate multifamily housing by developing and operating market-rate and affordable apartments in growing neighborhoods. Since our founding in 2012, Roers Cos. has developed more than $4 billion in real estate, representing 15,000+ homes across the Midwest, Mountain Southwest, and Sunbelt regions. Our team thrives on purpose-filled work, an entrepreneurial spirit, and unlimited growth potential.

About You

You're passionate about your work and driven to achieve ambitious goals. You step up when the team needs an extra hand and aren't afraid to ask for help when you need it. You make smart decisions because you get the big picture and ace the little details. In other words, you share our corporate values - passion, work ethic, teamwork, integrity, and ownership mindset. As an Assistant Property Manager, you help people find their next home and get them connected in the community.

Job Summary

The Senior Development Accountant is responsible for managing the accounting and financial reporting activities for Roers Companies' real estate development projects from predevelopment to lease up. This role partners closely with Development, Construction, Property Accounting, Finance, and Asset Management teams to ensure accurate cost tracking, compliant lender and investor reporting, and timely month-end close processes. The position requires strong real estate development accounting expertise, attention to detail, and the ability to thrive in a fast-paced, growth-oriented environment.

Responsibilities

Development & Project Accounting

• Oversee full-cycle accounting for assigned real estate development projects, including predevelopment, construction and lease-up.
• Ensure accurate tracking and capitalization of development, construction, and soft costs in accordance with GAAP.
• Monitor WIP budgets versus actuals and collaborate with Development and Construction teams on cost variances.
• Review and post construction draws in accordance with the lender requirements.

Financial Reporting & Close

• Prepare monthly, quarterly, and annual financial statements for development entities.
• Manage the month-end close process, including journal entries, account reconciliations, accruals, and variance analysis.
• Prepare and support lender, investor, and joint venture reporting in accordance with partnership agreements.
• Assist with year-end audit preparation and coordinate with external auditors, tax advisors, and lenders.

Debt, Equity & Compliance

• Track and reconcile construction loans, interest reserves, fees, and covenant compliance.
• Support financing closings by preparing schedules, sources & uses, and accounting set-up for new debt and equity.
• Ensure compliance with partnership agreements, loan agreements, and internal accounting controls.

Collaboration & Process Improvement

• Act as a key accounting partner to Development, Construction, and Asset Management teams.
• Identify opportunities to improve accounting processes, reporting efficiency, and system utilization.
• Assist with implementation and optimization of accounting software and reporting tools.

Requirements

Minimum Qualifications:

• Bachelor's degree in Accounting, Finance, or related field.
• 5+ years of accounting experience, with at least 3 years in real estate development or construction accounting.
• Strong knowledge of GAAP and real estate development accounting practices.
• Experience with job cost accounting and construction draw processes.
• Proficiency in real estate accounting systems (e.g., Yardi, MRI, or similar) and Microsoft Excel.
• Strong analytical, organizational, and communication skills.

Preferred Qualifications:

• CPA or CPA candidate.
• Experience with affordable housing, tax credit, or complex partnership structures.
• Prior experience supporting audits, lender reporting, and investor reporting.
• Ability to work effectively in a fast-growing, entrepreneurial environment.

Compensation and Benefits for Senior Development Accountant:

Pay Range: $92,000 - $112,300

This role is eligible for up to a 5% Bonus based on key performance metrics.

Compensation is determined by several factors that vary depending on the position, including the individual's experience, skills, and the knowledge they bring to the specific role.

Roers offers a comprehensive benefits & perks package to full-time employees which may include:

Health Plans - Medical, dental, vision, FSA, and HSA

Family Leave - Paid birth & bonding leave

Employer Paid Benefits - Basic life insurance, Accidental Death & Dismemberment (AD&D), and short-term disability

Additional Voluntary Benefits - Life …