Accountant (Commercial Real Estate)

Capstone Development Partners is seeking a Senior Accounting Analyst to support its growing real estate development platform, with a focus on student housing and campus facilities development, construction projects, and property management.

This role is designed for a seasoned accounting professional with 4+ years of experience who is eager to take ownership of development accounting and financial planning within a high-impact, entrepreneurial organization — bringing strategic perspective to financial operations and driving cross-functional alignment across the business.

The Senior Accounting Analyst will work closely with the CFO and accounting, development, and construction teams to support project-level accounting, corporate budgeting and forecasting, cash management, and financial reporting across multiple entities and active developments. The Senior Accountant will report to the CFO.

Key Responsibilities

Project & Development Accounting

• Prepare and manage monthly construction draws
• Collaborate with development and construction teams on project budgets and budget-to-actual (BTA) reporting
• Track job costs, commitments, and development expenditures
• Perform project-level loan tracking and compliance requirements
• Perform accounting across pre-development, construction, and stabilized assets

Cash Management & Treasury Support

• Oversee corporate and project bank accounts
• Review vendor payments, wires, and ACH transactions
• Maintain daily/weekly cash tracking across entities and projects
• Prepare monthly cash flow actual and forecast reporting

Budgeting & Financial Analysis

• Prepare and maintain corporate budgets and monthly forecasts
• Work with management and team members to inform budgets and forecasts
• Track variance analysis and evaluate performance and trends
• Prepare internal and external reporting
• Work with development teams to monitor project performance

Systems & Process Improvement

• Identify opportunities to improve efficiency and accuracy
• Assist with implementation of tools and systems (e.g., expense management, reporting tools)
• Support ongoing process documentation and standardization

Collaboration

• Partner with development, construction, and property management teams
• Coordinate with internal accounting team members, third-party accountants, lenders, consultants, and project partners
• Contribute to a team-oriented, accountable culture

Qualifications

Required

• Bachelor’s degree in Accounting, Finance, or related field
• 4+ years of accounting experience
• Experience with multifamily real estate, development, or construction accounting
• Experience with budgeting and forecasting
• Strong understanding of GAAP and multi-entity accounting
• Advanced Excel skills (pivot tables, lookups, and complex formulas)
• High attention to detail and strong organizational skills
• Effective communication skills

Preferred

• CPA license or working toward certification
• Combination of public and private accounting experience
• Experience with construction draws and job cost accounting
• Familiarity with property management systems (e.g., Entrada) and/or QuickBooks
• Exposure to the development lifecycle (pre-development through stabilization)
• Interest in improving systems and processes
• Strong technology aptitude

Why This Role

• Direct exposure to real estate development and deal-level economics
• Opportunity to work closely with senior leadership
• Hands-on experience in a growing, entrepreneurial platform
• Clear path for growth into Controller/Finance leadership roles

Physical & Travel Requirements

• Ability to work for prolonged periods at a desk using a computer
• Occasional travel to the Birmingham, AL office may be required