Investment Accountan....
Investment Accountant
Posted on :
10-04-2024
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1 Vacancy
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Job Description
Req ID : 2704467
Investment Accountant
Oakland CA $80000 $100000 Direct FullTime Onsite Real Estate
ABOUT THE COMPANY
Our client is a real estate development and asset management company and a multifamily operator focused on entrylevel housing. Our mission is to address the lack of quality affordablypriced housing for the underserved workforce and student populations of California and the Western region.
ABOUT THE ROLE
This is an exciting opportunity to work in the Investment Accounting Department of a fastgrowing real estate development firm with the ability to learn complex real estate structures and transactions. The role works cross functionally with the investment investor relations and asset management teams with exposure to all facets of the company. The goal of this role is to ensure a smooth back end of the fund level administration and reporting. In addition this role will be involved in assisting in the preparation and review of the annual audits tax workpapers for the company’s various different entities and acting as a direct liaison with the fund managers auditors and other related parties. This position requires a high level of attention to detail an ability to thrive in a fastpaced environment and a commitment to meeting deadlines.
WHAT YOU WILL BE DOING
WHAT YOU NEED TO HAVE
BENEFITS
Oakland CA $80000 $100000 Direct FullTime Onsite Real Estate
ABOUT THE COMPANY
Our client is a real estate development and asset management company and a multifamily operator focused on entrylevel housing. Our mission is to address the lack of quality affordablypriced housing for the underserved workforce and student populations of California and the Western region.
ABOUT THE ROLE
This is an exciting opportunity to work in the Investment Accounting Department of a fastgrowing real estate development firm with the ability to learn complex real estate structures and transactions. The role works cross functionally with the investment investor relations and asset management teams with exposure to all facets of the company. The goal of this role is to ensure a smooth back end of the fund level administration and reporting. In addition this role will be involved in assisting in the preparation and review of the annual audits tax workpapers for the company’s various different entities and acting as a direct liaison with the fund managers auditors and other related parties. This position requires a high level of attention to detail an ability to thrive in a fastpaced environment and a commitment to meeting deadlines.
WHAT YOU WILL BE DOING
- Ensuring assigned investment fund is managed in accordance with the fund documents including the LPA loan documents side letters and any governing authorities.
- Maintain general ledgers and subledgers on a cash and accrual basis reflecting property performance with an ability to report on a fund/lender and market basis and ensure accurate and timely delivery of financial statements and deliverables.
- Assist with managing the accounting portion of monthly opportunity zone compliance close which includes updating trackers and getting feedback from external accounting teams.
- Assist with the Monthly Quarterly and Annual fund closing process.
- Assist in the planning and creation of PBC support schedules for annual audits and tax returns.
- Provide necessary information to Investor Relations and Investment Teams to assist in Investor Reporting and fund decision making.
- Maintain books and records for the holding company and process all capital calls. Assist with monthly reporting to upper management.
- Assist with documenting all fund level accounting and investment management processes.
- Prepare consolidated financial statements at the fund level.
- Review financial data import of property operations from third party property managers to ensure accuracy and completion.
- Accountable for the investor relations system and must ensure its accuracy is maintained.
- Prepare and review investor capital calls and distribution notices.
- Ensure all investor contributions/distributions are properly recorded in investment management and accounting system.
WHAT YOU NEED TO HAVE
- Must Have 3 Years of Public Accounting or 5 Years of Real Estate Accounting experience.
- Bachelor’s degree in accounting required Masters degree in accounting a plus
- CPA Preferred but not Required
- Real Estate and Investment Fund Accounting Required
- Partnership Tax Return Preparation Experience Preferred
- Must Have Working Knowledge of Entity Compliance
- Team player who can prioritize varied tasks from different managers
- Driven to learn and willing to do whatever is necessary to succeed
- Intrinsically motivated to learn and grow and take full ownership of assigned responsibilities and do what is necessary to support the accounting department and business needs
- Excellent Business Writing skills a plus
- Demonstrates an understanding of the urgent nature of our business and the need to proactively find and fix problems quickly and effectively takes ownership and follows through on decisions; doesn’t minimize or forget about problems
BENEFITS
- Competitive annual PTO 18 days accrued
- 9 paid company holidays annually
- 401k with company match
- Generous Company contribution towards medical dental and vision premiums and with increasing contributions to medical based on tenure
- Generous Cell phone mileage and wellness stipends
- Generous Parental Leave
Employment Type
Full Time
Key Skills
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