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Accountant, Development

Walker & Dunlop

Walker & Dunlop

Accounting & Finance
Calabasas, CA, USA
Posted on Thursday, March 7, 2024


Affordable Housing | Equity - Accounting

We are Walker & Dunlop. We are one of the largest providers of capital to the commercial real estate industry, enabling real estate owners and operators to bring their visions of communities — where people live, work, shop, and play — to life. We are committed to creating meaningful social, environmental, and economic change in our communities. We believe seeking diverse talent and promoting the inclusion of all perspectives are more than moral imperatives – they are critical to our success and ability to innovate and grow.

Walker & Dunlop, the #1 multifamily finance lender in the US, has been a major player in the affordable housing space for years, and we continue to invest in our platform to provide our clients with unparalleled solutions for all their affordable housing needs. Our suite of services, unmatched affordable housing experience, exceptional expertise in transaction execution, and industry-leading technology are setting a new standard in affordable housing. W&D’s dedicated affordable housing team, committed to addressing the affordable housing crisis in the U.S., is comprised of debt financing, LIHTC equity, investment sales, and preservation.

W&D Affordable Development (“ADC Communities, or “Company”) is an investment firm focused on joint ventures with experienced developers in the acquisition and development of affordable multifamily housing projects. ADC Communities, through its affiliate W&D Affordable Equity (f/k/a Alliant Capital), provides pre-development financing and support to joint development ventures in matters regarding accounting, banking, construction management, construction draws, tax credit syndication and other processes.

The Development Accountant will perform various accounting and financial reporting functions in a multi-entity environment as well as all construction and development accounting functions for multiple real estate development projects from pre-development through project completion.

What you will be doing:

Transaction Processing and Financial Controls:

  • Acquire in-depth understanding of structure, agreements, financing and risks of complex development projects.
  • Review agreements and financial documents to determine and establish appropriate accounting procedures.
  • Evaluate financial transactions and suggest appropriate treatment.
  • Work directly with various staff levels from other departments to resolve multifaceted accounting and reporting issues and problems.
  • Work with outside Joint Venture and financial partners in predevelopment costs processing and construction draw requests.

Accounting and Cash Management:

  • Responsible for day-to-day accounting, prepare journal entries, analyze accounts, and make necessary adjustments. Ensure all transactions are accounted for in accordance with U.S. GAAP and company policy and procedures.
  • Facilitate draw fundings, receive wires, confirm amounts, notify appropriate parties, and initiate wires in Kyriba environment.
  • Reconcile loan draws, funding payments and outstanding invoices monthly to general ledger. Record adjusting journal entries as required.
  • Track pre-development costs, calculate pre-development loan interest, and provide various reports on pre-development costs incurred for each job.
  • Prepare comprehensive analysis of all activities for assigned entities and perform various reconciliations between the accounting system and other sources to confirm accuracy.
  • Responsible for the month-end close process, verifying integrity and accuracy of the general ledger, investigate variances, identify and resolve issues. Prepare supporting schedules and record accruals.
  • Reconcile various bank accounts, monitor cash position, ensure timely correction of transactions and follow up as needed using online banking tools.

Financial Reporting:

  • Prepare, examine, and analyze accounting records, financial statements and other financial reports to assess accuracy, completeness and conformance to reporting and procedural standards.
  • Prepare monthly/quarterly GAAP-compatible financial reports on Joint Venture entities and development projects required internally and by outside third parties.
  • Gather and compile information as needed by auditors for audit, cost segregation study, cost certifications and tax returns. Work with auditors to ensure timely completion.


  • Respond to special request for information internally and externally.
  • Assist with other special projects as needed.
  • Other duties, as assigned.
  • Ability to travel, but rarely.

The education and experience we’re looking for:

  • Bachelor’s degree in Accounting, Finance or Business or equivalent experience is required.
  • 2-5 years development or cost accounting experience required, with construction experience preferred.
  • Must have intermediate to advanced level of computer proficiency in Microsoft Word, Excel and Outlook, and PDF.
  • NetSuite and Yardi experience preferred.

What skills you should have:

  • Ability to show ownership of your work, take on challenges, acknowledge growth opportunities, and demonstrate patience when learning new processes.
  • Ability to read, analyze and interpret business documents, agreements, financial documents, and governmental regulations.
  • Ability to effectively present information and respond to questions.
  • Ability to interpret various instructions furnished in written, oral, diagram, or schedule form.
  • Intermediate to advanced level of computer proficiency in Microsoft Word, Excel and Outlook, and PDF.
  • Exceptional organizational skills, highly attentive to detail and able to perform tasks with limited supervision in a time sensitive work environment.
  • Excellent analytical, reasoning and problem-solving skills.
  • Ability to maintain the strictest confidence when handling confidential and non-routine information and matters.
  • Courtesy, respect, and thoughtfulness in teaming with colleagues and other stakeholders.
  • Embodiment of the Walker Way in approach to work: caring, collaborative, tenacious, driven, and insightful.

This position has an estimated base salary up to 68,000 plus annual discretionary performance bonus



What We Offer

  • The opportunity to join one of Fortune Magazine’s Great Places to Work winners from 2015-2023

  • Comprehensive benefit options* that have earned Walker & Dunlop the silver level of the 2022 Cigna Healthy Workforce Designation™, some of which include:
    Up to 83% subsidized medical payroll deductions
    - Competitive dental and vision benefits
    - 401(k) + match
    - Pre-tax transit and commuting benefits
    - A robust health and wellness program – earn cash rewards and gain access to resources that
    promote health, engagement, and balance
    - Paid maternity and parental leave, as well as other family paid leave programs
    - Company-paid life, short and long-term disability insurance
    - Health Savings Account and Healthcare and Dependent Care Flexible Spending

  • Commitment to diversity, equity, and inclusion, with employee resource groups organizing activities and providing a space for open communication

  • Career development opportunities

  • Empowerment and encouragement to give back – volunteer hours and donation matching

*Eligibility may vary based on average number of hours worked

EEO Statement

We are committed to equity in all steps of the recruitment and employment experience. We believe in equal access to opportunities in our workplace. We do not tolerate discrimination, including harassment, based on any characteristic protected by applicable law, such as race, color, national origin, religion, gender identity, sexual orientation, sex, age, disability, veteran or military status, and genetic information. We strive to be a safe place to ask questions, build professional relationships, and develop careers.

Please be wary of recruitment scams. An indication of a scam might be a request for sensitive or bank information at the time of application or emails coming from a non walkerdunlop.com email address. Please call us at 301.215.5500, if you have any concerns about information requested during or after the application process.

Fair Chance Hiring

Background checks, including any questions related to infractions, arrests, or conviction records, will not be conducted until after a conditional offer of employment has been accepted. We will consider for employment qualified applicants regardless of arrest and conviction records, in accordance with federal, state, and local laws.