Development & Construction Accountant (Affordable Housing/LIHTC) at Lincoln Avenue Communities

Santa Monica, California, United States -

Full Time

Start Date

Immediate

Expiry Date

19 Feb, 26

Salary

95000.0

Posted On

21 Nov, 25

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Construction Accounting, Low-Income Housing Tax Credit, Financial Management, Budget Management, Project Management, Communication Skills, Problem-Solving Skills, Data Analysis, Microsoft Excel, Construction Documents, Loan Draws, Cost Certifications, Attention To Detail, Real Estate Development Software, Collaboration, Time Management

Industry

Real Estate

Description

About Lincoln Avenue Communities Welcome to Lincoln Avenue Communities (LAC)—a leading, mission-driven real estate private equity firm dedicated to strengthening communities through the development and preservation of affordable housing. As a vertically integrated developer, investor, and long-term operator, we deliver sustainable, high-quality homes to lower- and moderate-income individuals, seniors, and families across 30 states. Our growing portfolio—with more than 180 properties home to 80,000+ residents—reflects our commitment to long-term impact, operational excellence, and resident well-being. LAC is proud to be recognized as an industry leader, recently ranked No. 1 on Affordable Housing Finance’s 2025 AHF 50 list of top developers. Our approach combines strategic investment, thoughtful design, and community partnerships to deliver housing solutions that foster stability, opportunity, and resilience. About This Role Lincoln Avenue Communities (LAC) is seeking a junior/associate-level Development & Construction Accountant to join our collaborative, mission-driven team dedicated to preserving and developing affordable multifamily housing nationwide. In this role, you will support the financial and operational management of our real estate development pipeline, ensuring accuracy, compliance, and successful project delivery. Reporting to the Finance Manager, you will actively manage development transactions across multiple properties and work cross-functionally with senior leaders, lenders, equity partners, CPAs, general contractors, property managers, and governmental agencies. As a rapidly growing and well-capitalized organization, LAC provides meaningful opportunities for career advancement and the ability to contribute to high-impact projects that strengthen communities across the country. This is a remote position, however, we are open to Los Angeles-based candidates (for local candidates, we require 3 days in the office). 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. 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. Required Experience: At least 2 years of experience in Construction Accounting is required, specifically supporting Low-income Housing Tax Credit (LIHTC) projects. Strong understanding of construction documents (i.e. AIA G702 G703, G704, lien waivers, change orders, certificates of completion). Must have experience with loan draws and cost certifications. Must currently work at a CPA firm; we have a strong preference for candidates applying from a CPA firm (vs. an in-house development firm). Other Education and Experience Bachelor’s degree in Accounting, Finance or a related field. Experience in interpreting financial models related to real estate transactions. Proficient in Microsoft Office, particularly with skills in MS Excel. 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 The expected base salary for this role is $90,000 - $95,000. 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.

Responsibilities

The Development & Construction Accountant will manage development transactions across multiple properties, ensuring accuracy and compliance. This role involves overseeing budgets, processing loan draws, and maintaining relationships with various stakeholders.