Development Associate
Development Associate (Accounting Experience) - Affordable Housing
Brooklyn, NY - In-Office
Our SelectLeaders client is a family-owned construction management, development, and general contracting firm based in Brooklyn, NY, focused on multifamily affordable and supportive housing.
For decades, they have partnered with faith leaders, local officials, and community organizers to shape the neighborhoods in which we live and work. The firm develops affordable housing in partnership with HPD and HCR, leveraging city and state subsidies, tax credit structures, and additional capital sources. They also provide construction and ownership representation services for church-led housing initiatives across New York City, Maryland, and Atlanta.
They are seeking a Development Associate to support the accounting and finance operations of their organization from project inception through stabilization. This role sits at the intersection of finance, accounting, and development, offering the opportunity to play a key role in both project execution and financial oversight.
This is an ideal opportunity for someone with a strong accounting or finance background who is interested in expanding into real estate development.
This position is ideal for someone who:
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
Responsibilities
Financial & Accounting Oversight
- Review and manage property and project-level financials
Oversee bookkeeping functions and serve as the internal point of contact for accounting operationsTrack and analyze construction and pre-development budgetsSupport accounting for special purpose entities (SPEs)Partner with external auditors and tax preparers to ensure accurate and timely reportingUnderwriting & Investment Analysis
- Assist in underwriting new development and acquisition opportunities
Build and maintain pro forma financial models to evaluate project feasibility and returnsAnalyze key assumptions including rents, expenses, construction costs, and timelinesSupport due diligence efforts, including market research and financial analysisDevelop a working understanding of capital stacks, including debt and equity structures, and assist in evaluating financing optionsDevelopment & Project Support
- Assist in managing financial aspects of development projects from pre-development through completion
Monitor project budgets, costs, and financial performanceSupport municipal and entitlement-related efforts with a financial lensCoordinate with third-party property managers and consultantsProcess Improvement & Operations
- Help build and improve internal financial and reporting processes
Assist in implementing systems and best practices for project tracking and documentationContribute to a growing platform with the opportunity to take on increased responsibility over time
Qualifications
- Bachelor’s degree in Accounting, Finance, Real Estate, or related field
2–5+ years of experience in accounting, finance, or real estate-related roleExperience with real estate, construction, or cost accounting strongly preferredUnderstanding of financial statements, budgeting, and reportingStrong attention to detail with the ability to think critically and problem-solveInterest in real estate development and project managementDirect experience with LIHTC, tax-exempt bond financing, municipal bonds, debt and equity structuring, and subsidy layering (city/state programs)Familiarity with lender relationships and syndicatorsUnderstanding 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 organizationsEntrepreneurial 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 communitiesAvailability for occasional evening events, workshops, and training
Salary: $85,000 – $125,000 annually (commensurate with experience)Benefits
- Medical, Dental and Vision Insurance
10 Days PTO annually, and 13 HolidaysDesignated Sick leave with accrualParticipation in the New York City Deferred Compensation Plan (DCP) comprised of a 457 Plan and a 401(k) PlanFlexible 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.
This is a grassroots opportunity to shape affordable housing development at scale while staying deeply connected to the communities served. If you’re driven by impact and ready to take ownership of complex, meaningful work, we’d love to hear from you.
$85,000 - $125,000 a year
Compensation details: 85000-125000 Yearly Salary
PI9dcaa56c33e4-37437-40221443
