Development Associate

Job Description

• Is deeply community-oriented and mission-driven
• Thrives in complex, fast-moving environments
• Understands affordable housing finance and compliance
• Wants hands-on involvement in shaping neighborhoods and creating opportunity
  
  

• Review and manage property and project-level financials
• Oversee bookkeeping functions and serve as the internal point of contact for accounting operations
• Track and analyze construction and pre-development budgets
• Support accounting for special purpose entities (SPEs)
• Partner with external auditors and tax preparers to ensure accurate and timely reporting
  
  

• Assist in underwriting new development and acquisition opportunities
• Build and maintain pro forma financial models to evaluate project feasibility and returns
• Analyze key assumptions including rents, expenses, construction costs, and timelines
• Support due diligence efforts, including market research and financial analysis
• Develop a working understanding of capital stacks, including debt and equity structures, and assist in evaluating financing options
  
  

• Assist in managing financial aspects of development projects from pre-development through completion
• Monitor project budgets, costs, and financial performance
• Support municipal and entitlement-related efforts with a financial lens
• Coordinate with third-party property managers and consultants

• Help build and improve internal financial and reporting processes
• Assist in implementing systems and best practices for project tracking and documentation
• Contribute to a growing platform with the opportunity to take on increased responsibility over time
  
  

• Bachelor’s degree in Accounting, Finance, Real Estate, or related field
• 2–5+ years of experience in accounting, finance, or real estate-related role
• Experience with real estate, construction, or cost accounting strongly preferred
• Understanding of financial statements, budgeting, and reporting
• Strong attention to detail with the ability to think critically and problem-solve
• Interest in real estate development and project management
• Direct experience with LIHTC, tax-exempt bond financing, municipal bonds, debt and equity structuring, and subsidy layering (city/state programs)
• Familiarity with lender relationships and syndicators
• Understanding of compliance and regulatory requirements in affordable housing
• Strong financial modeling and pro forma analysis
• Ability to work collaboratively with co-workers and representatives from the nonprofit, corporate, philanthropic, and public sectors, and demonstrate flexibility and poise in dealing with a diverse range of individuals and organizations
• Entrepreneurial spirit and ability to work independently on multiple tasks and projects, set priorities, and be a positive, solution-oriented professional
• Proactive, responsive communicator
• Desire to empower and uplift communities
• Availability for occasional evening events, workshops, and training
  
  

• Medical, Dental and Vision Insurance
• 10 Days PTO annually, and 13 Holidays
• Designated Sick leave accrual
• Participation in the New York City Deferred Compensation Plan (DCP) comprised of a 457 Plan and a 401(k) Plan
• Flexible schedule: Enjoy remote Fridays (unless required on-site), plus 30 additional remote days each year, designed to give you flexibility and balance while staying connected to the team.