Director of Accounting

Hunt Military Communities•El Paso, TX

About The Position

The Director of Accounting manages the collection and recording of financial data and transactions, oversees accounting staff, and supports budget preparation and other financial functions. The role may also train and mentor accountants during new initiatives and communicate department processes and procedures globally. The Director oversees accounting, audit, and financial reporting for a portfolio of military housing Public-Private Partnership (PPP) properties. This includes preparing and reviewing monthly loan-draw materials and financial reporting packages; maintaining project proformas; leading preparation of annual financial statements, disclosures, and auditor work papers; and coordinating with auditors to resolve questions and review comments. The Director also ensures that reporting meets internal and external requirements and deadlines. The position works closely with Property Management, Asset Management, Corporate Accounting, and other accounting leaders on budgeting, consolidations, intercompany reconciliations, projections, and consistent accounting and internal controls across the portfolio. It handles complex property accounting transactions, supports corporate debt-coverage analysis, documents significant transactions, identifies and reports control deficiencies, and coaches and develops the accounting team. The Director also communicates with Yardi Business Solutions and Property Management Operations Support regarding technical or operational concerns.

Requirements

Bachelor's degree in accounting.
At least 7 years of accounting experience.
Strong knowledge of chart of accounts, general ledger, trial balance, financial statement preparation, GAAP, and internal control policies and procedures.
Excellent verbal, written, and interpersonal communication skills.
Ability to direct, guide, motivate, and develop staff.
Ability to prioritize work for self and others and strong organizational skills.
Strong analytical and problem-solving skills, including the ability to define problems, organize efficient solutions, analyze data, and draw valid conclusions.
Strong computer skills and proficiency with Microsoft Office applications.
Advanced working knowledge of Microsoft Excel.
Attention to detail and accuracy.
Ability to balance team and individual responsibilities.
Ability to maintain confidentiality.

Nice To Haves

Certified Public Accountant (CPA) preferred; CPA upon hire preferred.
Knowledge of JD Edwards E-1 and Yardi.

Responsibilities

Prepare, compile, and analyze materials supporting monthly loan draws and financial reporting packages for business partners.
Review reporting packages for compliance with internal and external requirements; investigate unusual variances and resolve discrepancies promptly.
Coordinate, review, and distribute reports for senior management and other departments.
Update and maintain project proformas using monthly data and input from internal parties, as assigned.
Lead the preparation of year-end financial statements and footnotes, including relevant disclosures required by GAAP.
Monitor new FASB Accounting Standards Updates and incorporate their impact into financial statements and footnotes.
Lead preparation of auditor-requested Prepared by Client work papers and collaborate with auditors during interim and final audit sessions.
Complete audits for military housing PPP properties accurately and on time, meeting internal deadlines established by Corporate Accounting.
Lead preparation of monthly, quarterly, and annual financial reporting packages for military branches; coordinate timely delivery with Property Management and Asset Management.
Review and approve variance analyses for military branches and respond to questions from military representatives and internal and external stakeholders.
Partner with Hunt Property Management on property-related matters and assist with annual budget preparation.
Collaborate with accounting and reporting leaders to promote consistent accounting and reporting across the Hunt portfolio.
Work with Hunt Corporate Accounting on monthly, quarterly, and year-end consolidation issues, including intercompany reconciliations.
Provide prospective fee and cash-flow projection data to support Hunt Corporate debt-coverage analysis, as applicable.
Account for complex transactions involving debt and equity, military ownership, asset conveyances, military-owned repair and replacement funds, demolition, construction, capitalized interest, rehabilitation, recapitalization, lease-up and operating phases, cash waterfalls, the Lockbox Agent, and restricted-use requirements.
Collaborate with other accounting leaders and staff to achieve consistency in accounting, reporting, and internal controls.
Document significant transactions in coordination with Corporate Accounting as directed by the VP-Controller and Senior Director of Accounting, and provide transaction memoranda to PPP auditors.
Supervise the team and provide coaching and mentoring to support staff development.
Communicate technical or operational concerns to Yardi Business Solutions and Property Management Operations Support, and notify relevant accounting leaders of emerging issues.
Document and report identified control deficiencies.