Development Accountant (Foster City Office)

Posted 8/5/2026 · last confirmed live 8/26/2026

About MidPen  At MidPen, we build communities that change lives. Since 1970, we have been committed to our mission: to provide safe, affordable housing of high quality to those in need; establish stability and opportunity in the lives of residents; and foster diverse communities that allow people from all ethnic, social, and economic backgrounds to live in dignity, harmony, and mutual respect. We develop affordable housing, provide professional property management for all our communities, and coordinate robust onsite support programs that help residents thrive. We are active in 12 Northern California counties and have earned recognition as one of the nation’s leading non-profit developers and stewards of affordable housing. Our current portfolio of more than 142 properties is home to 22,800 working families, seniors, and people with special needs. We take pride in delivering affordable housing solutions, and we invite you to join us on a journey toward social, economic, and racial equity. MidPen is, once again, proud to be certified as an official Great Place to Work® in 2025. Location:  Foster City Office   Development Accountant  This position is responsible for the full accounting cycle of development projects and newly placed in service properties in a given portfolio around   10 plus projects with minimum of 6 major on-going projects, including the analytical and reconciliation of all transactions in compliance with US GAAP, MidPen  Accounting Policies and Procedures Manual and other statutory requirements, e.g., Low Income Housing Tax Credit rules.   The Development Accountant works with a variety of team members in Development, Corporate and Property Accounting, Property Management, Asset Management and Resident Services  as well as the management team at  MidPen .   Responsibilities Prepare and submit loan draw requests in a timely manner. Track project actual costs and funding usages vs. project budgeted and contracted amounts in Job Cost Module and related interface with various applications. Prepare analysis of budget, contract, and actual variances, as needed Perform general ledger analysis for the assigned projects, account reconciliations, monthly close and prepare financial statements Prepare annual audit schedules and work with external auditors to complete audit and tax returns and ensure all are filed within timeline of partnership and other applicable agreements Collaborate with project managers and other accountants to meet company’s accounting needs and reporting requirements Apply and understand the proper accounting treatment under GAAP with accurate documentation and correct recording of transactions. Prepare annual audit schedules and works with the external auditors to complete audited financial and prepare cost cert audit with support from accounting managers Responsible for reading and understanding all compliance and partnership documents of assigned projects, including regulatory and loan agreements, as well as accounting treatment associated with each document Concisely present financial information and appropriately answer accounting questions to management and other users, as requested Ensure all inter-entity transactions are in balance. Analyze and clear variances prior to financial reporting close Ensure surplus distributions are correctly calculated and appropriately distributed Provide ad-hoc reporting, as requested. High proficiency in Excel tools used in analysis Qualifications  Physical Requirements Constantly perform desk-based computer tasks Frequently sitting Occasionally stand/walk, reach/work above shoulders, grasp lightly/fine manipulation, grasp forcefully, use a telephone, sort/file paperwork or parts, lift/carry/push/pull objects that weigh up to 10 pounds Rarely twist/bend/stoop/squat, kneel/crawl Education and Experience Bachelor degree in  Accounting or  Business  Administration   CPA preferred.  Strong  GAAP  knowledge  required ,  and  Low-Income   Housing Tax  Credit knowledge  a  plus.   Minimum of  two  years of  general ledger  accounting experience required with increased responsibilities.    Experience  in accounting for  job costs, real estate development, property  rehab  or construction, preferred .   Experience reviewing and  ensuring   compliance   of  regulatory,  partnership,  and loan  agreements   preferred.   Experience using enterprise  accounting software and working knowledge  of RealPage preferred.   High  degree  of  accuracy,   accountability  and  consistency   produce quality work.   Ability   to multi-task and   work with changing  priorities.   Advanced PC  applications:  Excel,   Word, Access, and Outlook.   Excellent  English  written and  oral   communication  skills.   Must be able to  communicate  with   diverse parties and promote department  teamwork.   Pay Range $ 90,000 - $95,000 Annual Salary -  Pay based on applicable experience and qualifications   Benefits and Compensation (see here for full details ) Health Insurance  Dental, Vision, Life & Disability Insurance 403(b) Retirement Investment Employee Education Reimbursement Program Paid Parental Leave FSA for Childcare, Medical, and Commuter Benefits EAP Program Pet Insurance Paid Time Off Company Holidays Wellness Days EQUAL OPPORTUNITY EMPLOYER MidPen Housing Corp. provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws. We are committed to providing an inclusive and accessible hiring process. If you need  a reasonable  accommodation for any part of the application or interview process, please  notify your recruiter. Consistent with its obligations under the law, MidPen Housing Corp. will provide reasonable accommodation to any employee with a disability who requires accommodation to perform the essential functions of his or her job.  

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