Development Associate at Bisnow – Brooklyn, Iowa

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

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 with 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.