Title: Real Estate Accountant
Location: Fiscal Department
We are currently seeking an experienced, qualified professional for the position of Real Estate Accountant in our Fiscal Department. The position will report to the Controller and will work closely with the Director of Real Estate. S/he will be responsible for monthly financial reporting, analyses and associated journal entries for the Real Estate Programs. S/he will perform other critical tasks such as reconciling general ledger accounts associated with the program, monitoring the assignment and use of budget centers, participating in the annual budget process, audit preparation and tax return filings.
Essential Duties and Responsibilities:
The essential duties of the Real Estate Accountant include but are not limited to the following activities:
Prepare budget vs. actual variance reports, providing follow-up and documentation for variances.
Perform month-end accounting close functions, including journal entries, reconciliations and analysis.
Work with department managers to review operating budgets and other financial reporting tools.
Assist with compliance audits, including the annual financial statement audit and participate in the agency-wide budget development for real estate projects.
Participate in special projects to support management’s need for financial statement analysis and process improvement projects.
Provide cross-functional backup to other accounting functions as needed.
Prepare management reports for Executive review and quarterly and annual reports for external stakeholders.
Work collaboratively with managers and accounting/financial team to improve the utilization of financial data for management decision-making.
Preparing and analyzing journal entries on both GAAP and tax basis for real estate projects including but not limited to: standard entries, applicable reclassification's / adjustments, review of all income and expenses, accruals, overhead allocations, consolidations and eliminations, and inter-company transactions.
Preparing and distributing periodic reports for use by various legal entities limited partnerships, governmental agencies, lending institutions (banks, investors), and external auditors as it relates to the developmental and operating properties. Required periodic reports may include but are not limited to: Profit & Loss, Balance Sheet, and Cash Flows statements.
Preparing reconciliations of general ledger accounts, as required. Supporting independent third-party audits. Performing variance analysis, as required, for projects under construction, to monitor costs spent against initial construction budget.
Preparing support data and analyses for financial reporting requirements and corporate communications needs including but not limited to: schedules, reconciliations, footnotes, and board books.
Prepare draw requests for bank or city funding partners and equity funding from investor members. Prepare detailed budget progress reports, variance reports, and cash flow reports.
Track pay requisitions, requests for information and change order schedules. Work with Project Renewal’s Director of Real Estate to monitor job progress and audits.
Work with outside accountants to prepare LIHTC cost certification and the IRS form 8609.
Perform monthly P/L reconciliations with the property management department.
Monitor and track expenditures and reimbursement of government funded facility renovation projects
Bachelor’s Degree in Accounting
3 years or more experience in general ledger accounting, budgeting, and financial analysis.
Experience with non-profit organizations required.
Strong analytical and problem-solving skills.
Excellent organizational skills.
Ability to transfer learning, knowledge & skills across multiple projects.
Self-starter with proven ability to establish and meet goals and objectives.
Ability to thrive under pressure of deadlines in a fast-paced, dynamic environment.
Excellent written and verbal communication skills required in order to effectively interact and clearly communicate with individuals at all levels in the organization.
Ability to work with large amounts of detailed data and translate data into meaningful information.
Ability to adapt to cyclical workload, including extended work hours during peak reporting times.
To apply: E-mail resume and cover letter indicating position and salary requirements: to firstname.lastname@example.org