Development Accounting Supervisor
Development Accounting Supervisor
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$ 108888 - 120000
1 Vacancy
Job Description
Summary
Reporting to an Assistant Controller this position will be responsible for a portfolio of projects in various phases of predevelopment and construction. This will include supervision of projects handled by Staff Accountants and independent completion of complex development project tasks. This position will also provide support to the accounting managers on the team performing review of reconciliations and focusing on special projects.
This position works closely with project managers and requires a working knowledge of construction
deals and financing from a GAAP perspective. This role requires oversight and review of other accountants work. The position will also be an active participant in meetings/trainings. This position has significant knowledge of the industry is able to understand the big picture within BRIDGE and is able to provide direction on very complicated development projects.
This position requires advanced technical accounting skills with a desire to continually show interest in learning and applying changes in the industry to their work. Just as important is the ability to collaborate and communicate effectively both orally and in writing.
Responsibilities
SUPERVISION LEADERSHIP AND ANALYSIS
- Supervises the work of team members including but not limited to
- Cash journal entries
- Cash reconciliation
- Construction draws
- Perform analytic reviews of entries reconciliations and draws flagging areas of potential current or future issues
- Review entity reconciliations and provide guidance to staff accountants on proper completion
- Identify opportunities for efficiencies within the team including automating spreadsheets and streamlining processes
FINANCIAL STATEMENTS
- Researches issues independently by consulting appropriate departments or documents in orderto properly record an accounting entry for construction close and/or more complicated projects
- Performs sources and uses/cash analysis prior to and post perm loan conversion
- Works through deadlines involved in construction loan closing
- Prepare a catch all costs closing draw for construction loan closing
- Record closing statement and research issues with Development
- Assists development and property management accounting during perm loan conversion process
- Allocates costs to different project phases for master plan community projects or withindifferent project components such as residential and commercial properties
- Has ability to analyze reconciliations to identify issues and action items and take the initiativesto resolve such items
- Produces quality accurate and timely monthly financial statements by preparing GAAP monthlyjournal entries and account reconciliations
- Reviews and approves accounts payable entries entered by accounts payable clerk
- Reviews and approves journal entries prepared by other development accountants
- Supervises development staff accountants on fixed asset capitalization entry after cost audit
- Leading internal and external communications during construction financing close
EXTERNAL AUDITORS
- Prepares and submits detailed financial statement audit packages annually for preconstruction
- Responsible for addressing all open items
- Prepares and submits workbooks and audit packages for a cost audit during the constructioncompletion phase
- Takes initiatives to manage the cost audit process including but not limited to following up
with the auditor the project manager and the financial consultant to ensure the audit moves
along as outlined in the audit timeline
CONSTRUCTION DRAWS
- Monthly completion of draws for external and internal funding including projects with multiple
funding sources
- Sets up draw budgets with project manager including sources and uses and budget category
mapping
- Reviews draft draws and reconciliations prepared by other development accountants for
assigned projects
TRAINING AND INDUSTRY KNOWLEDGE
- Assists in new process formation and documentation
- Effective trainer of new staff; ability to answer questions and train staff accountants
- Documents training programs for onboarding positions
- Demonstrates ability to learn new accounting standards and share with the rest of the team
- Engages team members in project and demonstrates leadership
SPECIALIZED REPORTING AND AD HOC PROJECTS
- Able to understand big picture within industry and BRIDGE
- Develops and submits ad hoc reporting as needed to external entities
- Performs various projects and analysis as required
- Prepares monthly and quarterly financial and draw reporting
COMMUNICATION AND PROCESS IMPROVEMENT
- Continuously looking for ways to streamline the monthly draw and close process while ensuring
quality and accuracy of the financial statements
- Actively participates in meetings and leads some meeting discussions
- Communicates effectively with development investors lenders development partners andexternal agencies
Qualifications
- 3-5 Years of experience in accounting field
- Bachelors degree in Accounting or equivalent
- Ability to autonomously handle daily responsibilities and projects with minimal direction.
- Ability to effectively train and coach staff level accountant(s).
- Ability to assimilate a variety of information from diverse individuals
- Ability to improve existing processes and systems.
- Excellent written oral and presentation skills.
- Must be accurate organized and highly detail-oriented with the ability to multi-task andfollow-through on all projects
- Ability to work collaboratively with different levels of staff and management.
- Ability to work under pressure and successfully meet deadlines.
- Excellent decision-making interpersonal and time management skills.
- Ability to work harmoniously in a multi-cultural team.
Preferred Qualifications
- Experience with Yardi
- Prior affordable housing finance and development experience
- Construction accounting experience
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 applicable state and local regulations we will consider qualified applicants with arrest records.
Required Experience:
Manager
Employment Type
Full Time
