Job Title: Senior Accountant
FLSA Classification: Non-Exempt/Hourly
Job Classification: Regular, Full-Time
EEO-1 Classification: Professionals
Reports To: Director of Accounting
Job Location: Corporate Office, Los Angeles, CA
(Recruiters/Agencies: Please do not respond to this ad.)
Job Purpose:
The Senior Accountant is a self-motivated, detail- and deadline-oriented professional with experience in financial statements preparation and month-end and year-end close process. Strong understanding of basic accounting principles and GAAP accounting required.
Supervisory Responsibilities: None
Essential Functions:
– Mange the day-to-day accounting of assigned assets
– Assist in monitoring operating cash accounts and cash position
– Reconcile bank accounts including researching tenant deposits, posting manual checks, and recording cash transfers
– Reconcile loan reserve and impound accounts
– Perform month-end, quarter-end and year-end close including reconciling general ledger accounts to subledgers and supporting schedules
– Review financial reporting packages for completeness and accuracy prior to distribution and provide to investors and management timely
– Interpretation and application of property loan documents, operating agreements, organizational charts, and other pertinent documents to ensure compliance
– Prepare monthly and quarterly actual to budget variance analyses
– Prepare and maintain monthly and quarterly equity rollforward schedules
– Update and maintain schedules for property tax, property insurance and Balance Sheet accounts
– Post journal entries for month-end and year-end close including operating expense and capital expenditure accruals
– Record audit adjusting journal entries and reconcile financial statements to audited financial statements
– Calculate property, asset, and construction management fees
– Calculate franchise tax and ensure timely annual filing
– Calculate debt covenant and ensure compliance
– Update and maintain fixed asset and depreciation schedules and calculate monthly depreciation and amortization expenses
– Update and maintain investor required construction sources and uses workbook
– Calculate and manage partner equity contribution, distribution and retained earnings
– Update and maintain capital contribution schedules for each partnership
– Gather capital expenditure invoices for capital call and prepare capital call notices
– Prepare Lender required quarterly and annual debt compliance packages
– Assist in monitoring Lender required replacement and repairs for completion
– Prepare Lender reserve draw requests including gathering invoices and completing required forms
– Liaise with internal and external business partners such as operations and accounting teams, investors, lenders, and auditors
– Respond to investor requests in a professional and timely manner
– Assist in coordinating annual financial audits including preparing and providing support to external auditors as requested
– Work closely with operations to ensure accuracy and timely operating reporting
– Research and resolve invoice discrepancies with accounts payable and/or operations
– Monitor monthly tenant rent relief receipts from government agencies
– Participate in the annual budget preparation providing operating expense information as required
– Assist with reconciling investor distributions and tax preparation at year-end
– Ad-hoc projects and assignments as directed by supervisor
– Maintains regular and consistent attendance according to required work schedule decided by the Company
– Provides exemplary service to employees and guests and represents the Company in a professional manner at all times
Required Skills/Abilities:
* Excellent verbal and written communication skills. (English)
* Excellent interpersonal and customer service skills.
* Excellent organizational skills and attention to detail with high level of accuracy.
* Excellent time management skills with a proven ability to meet deadlines.
* Strong analytical and problem-solving skills.
* Proven ability to maintain sensitive and confidential information
* Team player with ability to Work well and collaboratively with others and develop positive working relationships
* Ability to work independently, prioritize duties, manage time efficiently, and multi-task.
* Ability to function well in a high-paced and at times stressful environment.
* Proficient with real estate ERP software such as Yardi Voyager preferred
* Proficient with Microsoft Office suite, particularly Excel, required
* Avid or PAYscan experience ideal
Education and Experience:
* Bachelors Degree in Accounting, Finance, or a related field
* Minimum three years of accounting experience, property accounting preferred
* Residential multifamily environment preferred
* Strong understanding of basic accounting principles and GAAP accounting required
Physical Requirements:
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
* Frequently stand, walk, sit, and reach with hands and arms
* Regularly sit and stand for several hours at a time
* Prolonged periods of sitting at a desk and working on a computer.
* Regularly use the hand and arm for writing and/or typing
* Occasionally lift and/or move up to 15 pounds.
BENEFITS OFFERED:
* Medical Insurance
* Dental Insurance
* Vision Insurance
* Voluntary Plans, including Life/AD&D, Accident, Critical Illness, Disability, Hospital Indemnity, and Pet Insurance
* Third-Party Dedicated Benefits Concierge
* 401(k) Retirement Savings Plan – 4% Company Match
* Paid Time Off: Vacation, Sick Leave, Holidays, & Bereavement
* Employee Assistance Program
* Perks and Rewards Program
*Successful completion of background and drug screening required prior to beginning employment.
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