Accountant III Fund Reporting Management
Accountant III Fund Reporting Management
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Job Description
Enterprise is a national nonprofit that exists to make a good home possible for the millions of families without one. We support community development organizations on the ground aggregate and invest capital for impact advance housing policy at every level of government and build and manage communities ourselves. Since 1982 we have invested $80.9 billion and created 1 million homes across all 50 states the District of Columbia Puerto Rico and the U.S. Virgin Islands all to make home and community places of pride power and belonging.
Join us at
Working at Enterprise
At Enterprise youll be part of a diverse committed team making a difference every day. You will collaborate with some of the smartest minds and biggest hearts in our field. Youll be empowered to drive systems change and take bold steps to advance racial equity. And you will find a career home where youre valued and supported in your growth journey.
Enterprise offers career opportunities in our offices across the country with anexceptional benefits package.
Job Description Summary
The Fund Investment Reporting and Management (FIRM) team is responsible for the management accounting and reporting for Low Income Housing Tax Credit (LIHTC) equity funds and Real Estate Equity funds. This position is responsible for preparation and analysis of (i) operating results for financial reporting for assigned funds in accordance with generally accepted accounting principles (or other basis of reporting e.g. tax basis as necessary) to management investors and regulatory agencies and (ii) maintaining professional relationships and communication with colleagues internal stakeholders investors partners thirdparties auditors and regulatory agencies to promote Enterprises business. This position requires enthusiasm excellent communication collaboration organizational analytical and computer skills and the ability to perform multiple tasks in a fastpaced teamoriented environment with minimal supervision.Job Description
Responsibilities:
- Obtain appropriate understanding of the business/fund structure necessary for the preparation and analysis of results and communications with investors partners and auditors.
- Review evaluate and summarize terms and conditions of operating and other agreements of assigned funds and ensure Enterprise enforces its rights and meets its obligations.
- Maintain general ledgers supporting schedules journal entries and workpapers in accordance with Generally Accepted Accounting Principles and Partnership Documents.
- Review financial models incorporating the forecasts of investor payins tax credits and tax losses.
- Manage fund sources uses and timing of cash activity.
- Record cash activity and prepare wires for reimbursement to corporate.
- Prepare and review quarterly equity fund financial statements and investor benefit schedules supporting schedules journal entries and analysis with GAAP to tax variance analysis of operating partnerships annual income.
- Prepare and review annual equity fund tax returns and fund financial statement audits ensuring all information is completed timely and accurately.
- Support the line of business by providing information and analysis relevant to decisionmaking (e.g. working capital and project performance reserves Cash Flow and Capital Proceeds availability) including monitoring and evaluation of key metrics performance indicators and risks
- Lead fixed asset reconciliation and recordation process for team funds
- Create and ensure distribution of related investor reports.
- Interact with Enterprise staff investors and external auditors to provide accurate and timely financial information; this includes being the primary contact for some investors on capital call and benefit schedule questions
- Facilitate the coordination of investor reporting between FIRM Capital Markets and Asset Management and identify and implement strategies to more effectively and efficiently meet increasing investor demands.
- Design implement and maintain policies and procedures in support of internal controls over financial reporting ensuring that accounting procedures and related documentation are designed so that internal controls are effective and functioning.
- Evaluate and implement efficient and effective processes increasing crosstraining and consistency and leveraging technology to increase automation and decrease manual effort on routine activities. Identify areas for process (e.g. investor reporting) or product reporting (e.g. workpaper template) improvement and suggest potential solutions
- Proactively demonstrate leadership qualities such as collaboration initiative innovation problemsolving accountability planning and setting goals and personal development.
- Complete other duties and projects assigned
Qualifications and Skills
General:
- Bachelors degree in accounting Finance or related field is required; CPA preferred.
- 36 years of accounting/finance experience required
- Must possess strong financial analytical organizational and quantitative skills and ability to coordinate complex activities prioritize conflicting demands and meet deadlines with a quality accurate work product.
- Must be highly motivated be able to work independently and possess strong written and oral communication skills with the ability to communicate effectively at all levels.
- Incumbent is expected to demonstrate strong ethics strong interpersonal and communication skills to represent the interests of Enterprise both within and outside the organization.
Specific:
- Knowledge of generally accepted accounting principles (GAAP) is required.
- Public accounting experience and knowledge of real estate analysis/forecasting or partnership/fund LIHTC tax preferred.
- Excellent computer skills particularly with Excel are required.
- Experience with financial modeling preferred; interest in learning financial modeling is desirable
- Experience with Workday is desirable.
- Experience in accounting and analysis related to real estate/LIHTC partnerships is preferred and knowledge of NPV and IRR are a plus.
- Ability to maintain a big picture focus while attending to detailed work and providing thorough documentation.
Physical Demands/Working Conditions:
- Ability to work under stress/pressure.
- Ability to work evening and weekend hours during peak periods
Total Rewards at Enterprise:
You will be working with a group of talented professionals who are motivated by serving the community and addressing the need for affordable housing.
Enterprise offers a comprehensive total rewards package for you and your family.
The base salary for this role is $90000 to $105000 depending on level of skills and experience.
The salary range for this position is represented by the low and high end of the range for the amount to be paid for the position. Salaries paid at Enterprise will vary based on factors that may include skills education location experience and performance. The salary range is just a part of the total rewards package provided to employees at Enterprise and other rewards may include annual performance bonuses and generous paid leave programs.
At Enterprise our benefits form a major component of our total rewards package. Benefits include dental health and vision care plans as well as familybuilding benefits such as fertility adoption surrogacy support and genderaffirming care. Enterprise allows flexible work arrangements to promote a better worklife balance. We offer health advocacy EAP and mental health benefits. We round out our total rewards package by offering financial education wellness programs and autoenrollment in the companys 401(k) plan with employer matching contributions. Finally you will have learning and development opportunities including tuition reimbursement for jobrelated courses and certifications. Thank you for your interest in joining the Enterprise team in our effort and commitment to serve others.
Employment Type
Full-Time
