Senior Accountant - Full-time

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:

1. Mange the day-to-day accounting of assigned assets
2. Assist in monitoring operating cash accounts and cash position
3. Reconcile bank accounts including researching tenant deposits, posting manual checks, and recording cash transfers
4. Reconcile loan reserve and impound accounts
5. Perform month-end, quarter-end and year-end close including reconciling general ledger accounts to subledgers and supporting schedules
6. Review financial reporting packages for completeness and accuracy prior to distribution and provide to investors and management timely
7. Interpretation and application of property loan documents, operating agreements, organizational charts, and other pertinent documents to ensure compliance
8. Prepare monthly and quarterly actual to budget variance analyses
9. Prepare and maintain monthly and quarterly equity rollforward schedules
10. Update and maintain schedules for property tax, property insurance and Balance Sheet accounts
11. Post journal entries for month-end and year-end close including operating expense and capital expenditure accruals
12. Record audit adjusting journal entries and reconcile financial statements to audited financial statements
13. Calculate property, asset, and construction management fees
14. Calculate franchise tax and ensure timely annual filing
15. Calculate debt covenant and ensure compliance
16. Update and maintain fixed asset and depreciation schedules and calculate monthly depreciation and amortization expenses
17. Update and maintain investor required construction sources and uses workbook
18. Calculate and manage partner equity contribution, distribution and retained earnings
19. Update and maintain capital contribution schedules for each partnership
20. Gather capital expenditure invoices for capital call and prepare capital call notices
21. Prepare Lender required quarterly and annual debt compliance packages
22. Assist in monitoring Lender required replacement and repairs for completion
23. Prepare Lender reserve draw requests including gathering invoices and completing required forms
24. Liaise with internal and external business partners such as operations and accounting teams, investors, lenders, and auditors
25. Respond to investor requests in a professional and timely manner
26. Assist in coordinating annual financial audits including preparing and providing support to external auditors as requested
27. Work closely with operations to ensure accuracy and timely operating reporting
28. Research and resolve invoice discrepancies with accounts payable and/or operations
29. Monitor monthly tenant rent relief receipts from government agencies
30. Participate in the annual budget preparation providing operating expense information as required
31. Assist with reconciling investor distributions and tax preparation at year-end
32. Ad-hoc projects and assignments as directed by supervisor
33. Maintains regular and consistent attendance according to required work schedule decided by the Company
34. 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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