Development Accounting Manager
Development Accounting Manager
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$ 120000 - 135000
1 Vacancy
Job Description
This is not a remote position. This is a hybrid role with weekly required onsite/in office days.
About BRIDGE Housing
BRIDGE Housing strengthens communities by developing owning and managing highqualityaffordable homes for working families and seniors. BRIDGEs portfolio of housing currently consists of 106 properties and 11700 units throughout California Washington & Oregon. Based out of the San Francisco Bay Area. Few housing development organizations have achieved the success and stature of BRIDGE Housing Corporation. Founded in 1983 utilizing an anonymous donation BRIDGE today has become a leading affordable housing development partner.
Summary
Reporting to the Development Controller the Accounting Manager will be responsible for complex accounting and reporting duties as well as oversight and accountability of daytoday project construction accounting. This includes research of new accounting requirements review of peer practices and consultation with third parties. This position works closely with the BRIDGE Development team including Senior Leaders JV partners and other third parties and requires a working knowledge of accrual accounting from a GAAP perspective and LIHTC accounting rules. This position requires a highly detailoriented individual with good written and oral presentation capacities. The role is in an active office environment and must help build a strong accounting team.
Responsibilities
Manage monthly close process with other departments including completion of close calendar and posting journal entries
Work closely with developers on project key milestones such as construction close
Supervise accountants on cost certifications
Participate in designing and implementing new policies and procedures
Make suggestions to improve our current processes and efficiencies
Oversee the processing and recording of cash receipts and disbursements
Oversee daily development cash management and corresponding payment of invoices and affiliate advances
Understand and manage Development Working Capital/BRIDGE capital at the portfolio level
Work directly with auditors during interim internal control procedures and yearly annual audits
Train mentor develop and supervise staff including assigning and reviewing work planning setting and maintaining GAAP coordinating staff activities allocating personnel and addressing employee conflicts
Take an active role in spotting issues prior to a project milestone (through the use of data) be able to bring that proactively to management and/or the project team and manage the issue to closure
Responsible for the review and compliance of project documents such as loan agreements developer services agreements and guarantees
Work closely with the Development Controller and CFO to understand the corporate activities and anticipate future changes
Develop active partnership with Property Management Accounting in the transition of projects moving from construction project accounting to BRIDGEs operating portfolio
Prepare reports for investors joint venture partners Senior Leadership and the Board of Directors
Perform various projects and analysis as required
Qualifications
Prior experience in real estate development and multiple legal entity environments
Broadbased knowledge of advanced financial accounting and external reporting concepts and processes
Excellent communication (verbal and written) presentation analytical problem organizational and consultative skills
Prior Yardi experience
Computer skills (MS Office and accounting systems)
Demonstrated ability to work independently under time sensitive deadlines
Working knowledge of GAAP consolidation and internal controls
B.S. Degree in Accounting or equivalent
Preferred Qualifications
CPA or Masters degree in accounting
BRIDGE Housing is an Equal Opportunity Employer committed to fostering an inclusive environment for our diverse workforce. We do not discriminate on the basis of race religion color national origin gender identity sexual orientation age marital status veteran status or disability. Pursuant to the California Fair Chance Act we will consider qualified applicants with arrest and conviction records.
Required Experience:
Manager
Employment Type
Full Time
