Careers

Pennrose is an industry leader in the development and management of Affordable Housing. We are excited to be hiring for a Senior Development Accountant for our Property Support Center located in Philadelphia, PA.

The Development Accountant will contribute to creating a professional work environment, which reflects the Pennrose priorities of customer service, respect and collegiality among finance team members, full compliance with the regulatory requirements, while following company policies and procedures and applicable regulations

Duties & Responsibilities:

• Work closely with project developers and other internal customers, providing timely and thorough information,
insight and analysis concerning their respective development projects and related budgets.
• Prepares and enters all project job cost and journal entries necessary to maintain budget cost categories and
ledger accounts to accurately reflect financial activity and balances.
• Prepare monthly and periodic project funding requisition packages for submission to various lenders and
investors.
• Responsible for the cash management and oversight of each development project and related entity,
including payments to contractors and professionals, processing of wires, transfers and collection of fees,
loan
disbursements and equity contributions.
• Responsible for accounting oversight and maintenance of the general ledger for entities associated with
development projects.
• Responds to inquiries from third parties including but not limited to partners, lenders, investors, vendors,
housing authorities and other governmental agencies.
• Prepare and provide periodic and year end work papers and documentation as necessary for external
auditors to complete cost certifications, tax returns and audit preparation.
• Lead, mentor, coach and train colleagues. Listen to employees’ concerns and find solutions and resources
for them.
• Periodically present financial information, issues and reports to management.
• Special projects and assignments as requested.

Required Education and Experience:

• Bachelor’s degree in accounting, finance or similar discipline.
• 3 or more years’ experience in real estate and/or construction project cost accounting preferred.
• Extensive experience working with a major general ledger and job cost accounting software system.
• Excellent MS Excel skills
• Ability to be flexible, work in a faced paced environment and meet deadlines.
• Requires valid driver’s license, insured vehicle and ability to travel


For additional information, please visit our website at www.pennrose.com

Pennrose is an Equal Opportunity Employer
EOE M/F/D/V