Corp Accountant II

USA Properties Fund•Roseville, CA

2d•$90,000 - $100,000

About The Position

The Corporate Accountant II is responsible for preparing financial records for a complex set of assigned properties in construction. Incumbents must be familiar with all aspects of construction accounting. The Corporate Accountant II is principally responsible for the properties’ accounting functions such as project cost funding requests, posting transactions, running reports, reconciling accounts, and interacting with the lenders, investors, and Project Managers, while managing select key projects for the accounting department. The Corporate Accountant II plays an integral role in a high-performance team focused on improving departmental efficiency and streamlining deliverables. The Corporate Accountant II customarily and regularly exercises discretion and independent judgment and is responsible for, among other things, Creating monthly funding request packages while maintaining oversight of project budget Maintaining balances in bank accounts in accordance with liquidity requirements Overseeing compliance with regulatory requirements and coordinate audits Reconciling and preparing the general ledger and providing full documented support for the reported balances Participate in the closing of various real estate transactions including land acquisition, bond financing, permanent loan conversion, and asset disposition Lead assigned projects from corporate accounting throughout construction and place-in-service phases until stabilization, ensuring a smooth handoff to property management accounting department.

Requirements

Mid-level, at least 3-6 years of work experience in a similar or related position with a four (4) year college degree and/or equivalent work experience accounting.
Ability to analyze and interpret documents such as loan and partnership agreements, operating, procedural manuals, and safety documents.
Ability to write routine reports and correspondence.
Strong leadership and mentoring abilities.
Ability to interact/communicate effectively in a professional and pleasant manner with Vendors, Affiliates, Stakeholders, Corporate Shareholders and Company Employees.
Knowledge of advanced accounting principles and General Ledger activity.
Ability to effectively Reconcile account balances, calculate figures and amounts, and apply basic math concepts.
Able to operate within a suite of inter-connected software.
Proficiency in advanced accounting software and financial systems including COINS, Procore, Stream, and Prophix.
Ability to operate proficiently within Microsoft Office Programs such as Excel, Word, Outlook, Teams, and Sharepoint and the in-house property management software program Yardi.
Familiarity with Adobe PDF and its editing features.
Troubleshooting and problem solving, with the ability to self-solve accounting related issues.
Ability to operate a 10-key with speed and accuracy, fax, copier/scanner, telephone, webcam, and personal computer.
Ability to apply principles of logical thinking to a variety of practical situations and accurately follows standardized procedures that may occasionally call for minor deviations.
Must be able to think rationally beyond a specific set of instructions.
Must be able to work at a fast pace, perform duties while under pressure and meet deadlines in a timely manner.
The employee in this position must be knowledgeable about the company’s policies and procedures as described in the company Employee Handbook.

Nice To Haves

Real estate development and public accounting experience is desired.

Responsibilities

Knowledge of accounting principles applicable to daily operations
Prepare complicated monthly journal entries, accruals, and reconciliation reports
Process monthly, quarterly, and annual financial statement preparation
Liaison between lender, investor and USA in conjunction with accurate processing of monthly funding requests
Rapid turnaround of inquiries from internal parties as well as external vendors, lenders, and investors to ensure timely funding of construction draw requests.
Process subcontractor monthly billings and ensure timely payment, providing analysis on trends and cost saving opportunities
Track, prepare, and manage prime subcontractor and lower tier supplier unconditional and conditional lien waivers related to progress and final payments
Trouble shoot invoice and payment integration between multiple relational databases for construction hard and soft costs
Produce monthly capital requests for preconstruction projects governed by cost sharing development agreements
Work closely with project managers and development managers to reconcile and analyze job cost sources and uses budgets
Participate in preparing and auditing materials requiring analysis of supporting documents and ensures that all necessary entries are input into accounting system accurately
Provide critical recommendations and support to Project Team on budget overruns or savings, and comparison to proforma throughout construction term
Retrieve information for investor capital contribution requests and loan conversions in order to facilitate completion of transaction
Preparation of comprehensive year-end audit and tax return work papers, including managing communications with external CPA firm through finalization
Assist with corporate cash flow budgeting and forecasting related to construction project benchmarks
Generate and issue various reports to stakeholders and affiliates within the required due date parameters
Maintains spreadsheets and/or tracking logs as required by department operations
Participate in department and company initiatives related to IT and process improvement
Performs all other duties as necessary to ensure sound accounting practices at the assigned properties