Careers at L+M

LMDP – Senior Investment Accountant


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L+M Development Partners LLC (LMDP), an established residential developer/builder, has an excellent opportunity for a Senior Investment Accountant to be a key contributor in a transformative project to implement the Yardi Investment Management suite, including Yardi Investment Accounting, for a portfolio of nearly 150 assets. This position will be responsible for the strategy and execution of the onboarding of hundreds of assets to the Yardi Investment Accounting software, including the design and overall implementation approach. This position will also be responsible for financial accounting and reporting for a selection of investments, with this responsibility increasing as assets and funds are successfully onboarded to the Yardi Investment Accounting platform. These responsibilities will include ensuring accuracy and timeliness of all data provided to stakeholders, including external and internal reporting requirements, assisting the firm in marketing efforts and meeting compliance requirements, and working efficiently and effectively within tight deadlines to provide best in class client service

At L+M Development Partners, working together to build stronger communities is our mission. Our “double bottom line” philosophy means that we measure success not only in financial returns but also by the positive impacts we make in the communities we serve.

Founded in 1984, L+M is a full-service real estate development firm which develops, invests, constructs, and manages properties with industry-leading innovation. Ranked in the Top 25 on Affordable Housing Finance’s Top 50 Developers list nationally, L+M and its affiliate companies are responsible for over $10 billion in development and investment and have acquired, built, or preserved nearly 40,000 high-quality residential units in a variety of urban markets nationwide, primarily in New York’s tristate area.

Please visit our website for more information:  To learn more about our mission and values, go to

Areas of Responsibility & Job Requirements:

  • Investment Accounting Onboarding
  • Drive the rollout of the Yardi Investment Accounting platform for all assets and entities under management
  • Evaluate and analyze deal documents and historical data to create all requisite entities, commitments, historical capital entries, and waterfall & fee calculators
  • Partner with business stakeholders, property accounting professionals and third-party partners to source all data needed for a successful onboarding, and investigate and resolve data quality issues as needed
  • Create and maintain systemwide accounting rule sets, transaction types, account types and other attributes needed to utilize the Yardi system effectively
  • Develop the “playbook” for all accounting users of the platform to train and guide staff on how to process entries and actions for common types of deal lifecycle events, including waterfall and fee calculations
  • Create and maintain standard operating procedures and process flows for the platform
  • Annual, Semi-Annual and Quarterly Reporting Process
  • Perform entity level accounting for a selection of accounts including a wide range of investment strategies, asset classes, accounting methodologies and deal structures
  • Oversee preparation of and review of financial statements (primarily U.S GAAP) using the Yardi Investment Accounting platform, including capital account statements and all related supporting schedules
  • Ensure accuracy, consistency, and timeliness of all financial reporting, including the review and consolidation of property-level financial statements
  • Ensure reporting is in compliance with legal documents including Limited Partnership Agreements and side letters, including waterfall calculations and partner allocations
  • Assist auditors with annual audit and tax processes
  • Assist various internal groups with the preparation and review of quarterly and annual reports
  • Prepare materials to report financials to key stakeholder of each fund and investment


  • Support fund management and cash management working with portfolio management on capital calls and distributions at the fund level
  • Provide accurate, timely and professional service to internal and external clients (investors)
  • Manage fund cash and work with portfolio management to project future cash flows

Additional Job Skills & Abilities

  • Experience with investment accounting software implementation and accounting onboarding projects
  • Proficiency with investment accounting, including processes, controls, and systems
  • Professional individual with ability to perform independently as well as part of a team
  • Excellent communication skills, both written and verbal, as well as management and organizational skills
  • Willingness to embrace complexity and thrive on new challenges
  • Ability to streamline processes and implement change
  • High level of attention to detail
  • Strong work ethic

Education/Professional Requirements

  • Bachelor’s degree required
  • CPA or CPA candidate desired

Years of Industry Experience Required:

  • 5+ years of related experience

L+M offers competitive compensation and benefits and tremendous potential with a growing residential real estate developer/builder organization.

L+M is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.

Disclaimer: Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities to this job at any time.

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