Senior Accountant Development

A Brief Overview
The Senior Accountant performs accounting, funding administration, and financial reporting for HMC's development and construction portfolio, spanning ground-up new construction and major renovation of aging housing stock across our military housing communities. This role works alongside the Development Project Management team and serves as the financial control point among the development group, general contractors, lenders, and trustees, as well as the reserve account requirements set by our governing project documents.

What you will do

• Prepares, reviews, and submits monthly construction draw requests, including conditional draws - confirming every condition precedent is satisfied and documented before funds are requisitioned (lien waivers, sworn statements and contractor affidavits, stored-materials certifications, retainage calculations, third-party inspector sign-off).
• Maintains a tracked log of outstanding funding conditions and conditions subsequent on conditional advances; clear each item on schedule and escalate any condition at risk of delaying disbursement.
• Reconciles each draw against the approved project budget, the contract sum, and the schedule of values; investigates and resolves variances before submission rather than after.
• Coordinates with lenders, trustees, title companies, fund control agents, and third-party construction inspectors on draw certification, disbursement timing, and title continuation / date-down endorsements.
• Administers retainage schedules, including reduction and release at substantial and final completion, in accordance with contract terms.
• Maintains sources-and-uses tracking across equity, debt, reserve draws, and any government or partner contribution; monitors remaining availability by funding source.
• Reviews and records all change orders - owner-directed, contractor-requested, allowance reconciliations, and contingency draws - documenting the approval authority and the funding source for each.
• Owns the contract sum reconciliation at all times: original contract value, executed change orders, pending change orders, and unresolved claims, tied to committed cost and remaining contingency.
• Validates change order pricing support against contract terms - labor and equipment rates, material pricing, markup, overhead, fee, and general conditions - and flags calculations inconsistent with the contract.
• Tracks change order impact on affected budget lines, contingency balances, and funding availability; escalates promptly when a change order threatens a budget line or a funding condition.
• Maintains a complete audit trail linking every change order to an authorization, a budget line, a draw request, and a payment.
• Owns job cost accounting for assigned projects: commitments, hard and soft costs, capitalized interest, and allocation of shared or program-level costs across projects and phases.
• Applies and documents proper capitalization versus expense treatment for development costs; maintains construction-in-progress schedules and executes placed-in-service asset transfers at completion.
• Prepares monthly budget-to-actual reporting with variance explanation, and develops cost-to-complete and cost-at-completion forecasts jointly with project management.
• Maintains the commitment register (contracts, subcontracts, purchase orders) and reconciles it to accounts payable and the general ledger.
• Reviews contractor and vendor invoices for contract compliance, correct cost coding, tax treatment, and required supporting documentation.
• Administers PRA and ORA activity related to development and construction: required funding deposits, permitted withdrawals, and any minimum balance or funding-level tests.
• Supports cash flow forecasting for draw timing, interest carry, and reserve funding requirements.
• Executes month-end, quarter-end, and year-end close for development entities: journal entries, accruals, account reconciliations, and intercompany activity.
• Prepares department-level financial statements and supporting schedules; supports consolidation and management reporting.
• Serves as primary preparer and point of contact for external audit requests, lender compliance certificates, and debt covenant calculations.
• Designs, documents, and maintains internal controls over draws, change orders, and reserve disbursements, including appropriate segregation of duties from project management.
• Prepares recurring and ad hoc reporting required by military installation partners and government stakeholders.
• Supports development budgets, reforecasts, and pro forma analysis for new and in-flight projects.
• Prepares financial content for leadership and stakeholder reviews on a monthly, quarterly, and annual cycle.

Education Qualifications

• Bachelor's Degree Bachelor's degree in Accounting or Finance required.

Experience Qualifications

• 4-6 years of accounting experience, preferably corporate accounting and reporting required.
• Experience with JD Edwards- Enterprise One and/or other large ERP systems required.
• Demonstrated hands-on experience preparing and administering construction draw packages, including conditional draws and the documentation of conditions precedent required.
• Experience with legal document review, financial statements, generally accepted accounting principles, and internal control policies and procedures required.
• Proficiency with a construction job-cost or real estate accounting platform (for example, Sage 300 CRE/Timberline, Yardi, MRI, or similar), and familiarity with project management systems such as Procore preferred.

Knowledge, Skills, and Abilities

• Experience with government or agency reporting requirements, and familiarity with prevailing wage / certified payroll review.
• Ability to read governing legal documents - loan agreements, project and ground lease documents, construction contracts, and translate their requirements into accounting policy and repeatable procedure.
• Working knowledge of construction contracts and change order accounting - schedule of values, retainage, lien waivers, allowances, and contingency mechanics.
• Strong U.S. GAAP knowledge, including capitalization of development costs, construction-in-progress, and capitalized interest.
• High documentation discipline; produces audit-ready workpapers as a matter of routine.
• Ability to identify problems, collect and analyze data, and draw logical conclusions.
• Ability to multitask and work as part of a team to meet team goals in addition to individual responsibilities.
• Strong analytical and detail-oriented with strong organizational skills.
• Ability to maintain confidentiality.
• Strong organizational skills, with the ability to manage concurrent close, draw, and reporting deadlines across multiple projects.
• Strong computer skills and proficiency with MS Office applications.
• Advanced working knowledge of MS Excel is required (multi-tab reconciliations, complex schedules, lookups, pivot tables).
• Excellent verbal & written communication skills.
• Capable of prioritizing efficiently.
• Requires a detail-oriented, independent thinker who can be a part of a team and demonstrate strong attention to detail, and knowledge of accounting practices and procedures.
• Must demonstrate excellent written and verbal communication skills and interpersonal skills, particularly the ability to communicate effectively with all levels of management and industry professionals.

Licenses and Certifications

• Certified Public Accountant (CPA) preferred.

Compensation
We are committed to offering competitive and equitable compensation. The hiring range for this position is generally between $85,000 - $100,000, exclusive of fringe benefits or potential bonuses. This position is also eligible for a performance bonus. Final salaries will be determined based on factors such as geographic location, skills, education, licenses, certifications, and/or experience. In addition to these factors - we believe in the importance of pay equity. Please keep in mind that the range mentioned above is the general Hiring Range for the role. Hiring at the top of the range is reserved for exceptionally qualified candidates. We consider internal and external factors as a part of every final offer. We also offer a generous total compensation and benefits package.

Benefits
A competitive salary is only one part of your total rewards. We also offer a comprehensive benefits package, including paid time off, medical, dental, life and disability insurance, HSA/FSA accounts, retirement, rewards programs, and so much more!

Click Here for Benefits Overview
https://www.huntmilitarycommunities.com/careers/benefits

EEO/ADA
The Company and its affiliates provides equal employment opportunity to all individuals regardless of their race, color, creed, religion, gender, age, sexual orientation, national origin, disability, veteran status, or any other characteristic protected by state, federal, or local law. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.

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