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 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

Underwriting & Investment Analysis

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

Development & Project Support

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

Process Improvement & Operations

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

Qualifications

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

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Company

Bisnow

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