- 1149 S Hill St, Los Angeles, CA 90015, USA
- Full-time
Company Description
About Abode Communities
Abode Communities is a nonprofit social enterprise that has been rooted in community development throughout the State of California since 1968. As an affordable housing developer and architect, our work fosters a culture of housing inclusion by integrating families and individuals with neighborhoods so communities at-large can thrive.
Equal Opportunity Policy
Abode Communities embraces equal opportunity and diversity is a core value. We define diversity as “Fostering an organizational culture of inclusion, where different experiences and perspectives of those we serve and those with whom we work are respected and valued.” Abode Communities fosters a work environment that is free of discrimination and harassment, whether based on race, national origin, gender, gender expression, religion, ethnic background, age, disability, marital status, sexual orientation, or any other criterion prohibited by applicable federal, state, or local laws. We seek to recruit, develop, and retain talented people from diverse candidate pools. Applications from traditionally underrepresented communities are encouraged.
In a time of incredible growth, Abode Communities has an exciting new role to add a Development Accountant to the Finance Division. Working under the direction of the Assistant Controller, the Development Accountant will be responsible for the preparation of loan draws and maintenance of all ledgers in the development or rehabilitation stage, until the property is placed in service and construction loans are paid off.
There is a high degree of independent performance in the assigned accounting and financial activities. Responsibilities include direct contact with Development Project Managers and other staff, lenders, contractors and vendors regarding invoices/billings, revenue and expenditure accounts, financial reporting system and development or construction related activities.
Primary Responsibilities & Accountabilities
- Prepare, maintain and submit funding draws to numerous financial institutions for acquisition, predevelopment and construction phases of affordable housing projects;
- Prepare, maintain and coordinate equity equivalent advances (EQ2) documentation support and funding involving acquisition, predevelopment and construction phases of affordable housing projects;
- Track contractor and subcontractor conditional and unconditional lien releases prior to issuing payment;
- Work with Development on draw funding; coordinate with the accounts payable staff timely payment processing of vendor invoices included in the draw request;
- Verify and process deposits; review cash disbursements activities;
- Prepare journal entries; review general ledger, and maintain/update certain balance sheet and income/expenses schedules. Reconcile monthly accounts receivables, accounts payable, cash to bank, and advances between Abode Communities and the development entity; reconcile loan draws with job cost detail report. Also reconcile job cost detail report to general ledger balances;
- Prepare audit schedules and audit preparatory material for annual audits, and work with external auditors to deliver final audit reports before annual filing deadlines;
- Special projects as designated by Assistant Controller, Controller, Chief Financial Officer or designee.
Qualifications
Core Competencies for this role:
- Analyzing: Analyses numerical data, verbal data and all other sources of information; Breaks information into component parts, patterns and relationships; Probes for further information or greater understanding of a problem; Makes rational judgements from the available information and analysis; Produces workable solutions to a range of problems; Demonstrates an understanding of how one issue may be a part of a much larger syste
- Planning & Organizing: Sets clearly defined objectives; Plans activities and projects well in advance and takes account of possible changing circumstances; Manages time effectively; Identifies and organizes resources needed to accomplish tasks; Monitors performance against deadlines and milestones
- Learning & Researching: Rapidly learns new tasks and quickly commits information to memory; Gathers comprehensive information to support decision making; Demonstrates a rapid understanding of newly presented information; Manages knowledge (collects, catalogues, and disseminates knowledge of use to the organization)
- Working with People: Demonstrates an interest in and understanding of others; adapts to the team and builds team spirit; recognizes and rewards the contribution of others; listens, consults others and communicates proactively; supports and cares for others; develops and openly communicates self-insight
- Presenting & Communicating Information: Speaks clearly and fluently; expresses opinions, information, and key points of an argument clearly; makes presentations and undertakes public speaking with skill and confidence; responds quickly to the needs of an audience and to their reactions and feedback
Equivalent Education, Experiences, Skills, Knowledge, and Abilities:
- Bachelor’s degree and a minimum of two years’ experience in accounting, preferably with experience in real estate construction accounting, and multiple sets of books;
- Expertise with computerized accounting systems, word processing and spreadsheet software programs such as MRI, AvidXchange, Microsoft Word, and Excel.
- Must have and maintain a valid California driver’s license and auto insurance at all times and have the availability of an insured vehicle to travel within Abode Communities’ service area.
Additional Information
All your information will be kept confidential according to EEO guidelines.
Compensation and Benefits
The target salary range for this role is $60,000 – $70,000; offers are commensurate with the education and experience of the finalist. Additionally, a full benefits package is offered which includes: health, dental and vision insurance, long term disability insurance, 401K plan, subsidized parking, paid vacation and sick leave benefits. Abode Communities’ corporate staff work on a 9/80 schedule allowing for every other Friday off.
- 1149 S Hill St, Los Angeles, CA 90015, USA