Development Accounting Supervisor

BRIDGE Housing • San Francisco, CA

78d

About The Position

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.

Requirements

• 3-5 Years of experience in accounting field.
• Bachelor's 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 and follow-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.

Nice To Haves

• Experience with Yardi.
• Prior affordable housing finance and development experience.
• Construction accounting experience.

Responsibilities

• Supervises the work of team members, including cash journal entries, cash reconciliation, and 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.
• Research issues independently by consulting appropriate departments or documents in order to properly record an accounting entry for construction close and/or more complicated projects.
• Perform sources and uses/cash analysis prior to and post perm loan conversion.
• Work 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.
• Assist development and property management accounting during perm loan conversion process.
• Allocate costs to different project phases for master plan community projects or within different project components, such as residential and commercial properties.
• Analyze reconciliations to identify issues and action items and take the initiatives to resolve such items.
• Produce quality, accurate and timely monthly financial statements by preparing GAAP monthly journal entries and account reconciliations.
• Review and approve accounts payable entries entered by accounts payable clerk.
• Review and approve journal entries prepared by other development accountants.
• Supervise development staff accountants on fixed asset capitalization entry after cost audit.
• Lead internal and external communications during construction financing close.
• Prepare and submit detailed financial statement audit packages annually for pre-construction.
• Responsible for addressing all open items.
• Prepare and submit workbooks and audit packages for a cost audit during the construction completion phase.
• Manage the cost audit process, including following up with the auditor, the project manager, and the financial consultant to ensure the audit moves along as outlined in the audit timeline.
• Monthly completion of draws for external and internal funding, including projects with multiple funding sources.
• Set up draw budgets with project manager, including sources and uses and budget category mapping.
• Review draft draws and reconciliations prepared by other development accountants for assigned projects.
• Assist in new process formation and documentation.
• Effectively train new staff; ability to answer questions and train staff accountants.
• Document training programs for onboarding positions.
• Demonstrate ability to learn new accounting standards and share with the rest of the team.
• Engage team members in project and demonstrate leadership.
• Develop and submit ad hoc reporting as needed to external entities.
• Perform various projects and analysis as required.
• Prepare monthly and quarterly financial and draw reporting.
• Continuously look for ways to streamline the monthly draw and close process while ensuring quality and accuracy of the financial statements.
• Actively participate in meetings and lead some meeting discussions.
• Communicate effectively with development, investors, lenders, development partners, and external agencies.

What This Job Offers

• Industry: Heavy and Civil Engineering Construction
• Education Level: Bachelor's degree
• Number of Employees: 251-500 employees