Real Estate Accounting Manager

SPANISH SPEAKING UNITY COUNCIL • Oakland, CA

2d • $110,000 - $130,000 • Onsite

About The Position

The Real Estate Accounting Manager (REAM) is responsible for overseeing Real Estate Development and Property Management accounting, audits and budgeting. This position is responsible for Real Estate Development accounting and audits for projects purchased or built by The Unity Council and its affiliated organizations. Additionally, will support and train users in property management software. The Real Estate Accounting Manager will report to the Senior Real Estate Asset Finance Manager. REAM must be able to adapt to a continually evolving environment, thrive in an autonomous and deadline-oriented workplace, and manage multiple projects.

Requirements

• Supervisory experience leading a team of degree accountants preferred.
• 2-5+ years of business finance or other relevant experience
• Strong fluency with Excel formulas and functions
• BA, or BS, or equivalent experience required (Bachelor’s Degree in Accounting/Finance/Economics)
• Experience in nonprofit finance.
• Real Estate finance, including affordable housing financing, tax credit, HUD and tax-exempt bond structures a plus.
• Strong knowledge of generally accepted accounting principles.
• Advanced computer and Accounting software literacy including but not limited to; MS Office skills (Word, Excel, PowerPoint).

Nice To Haves

• Supervisory experience leading a team of degree accountants
• Real Estate finance, including affordable housing financing, tax credit, HUD and tax-exempt bond structures

Responsibilities

• Effectively manage a property accounting team currently consisting of 1-2 direct reports.
• Lead and direct Property Accountant in preparing financials for residential, office and retail properties.
• Act as liaison between third party clients, property management, real estate development and the property accounting team.
• Work with property accountant on monthly close process.
• Review financial statement packages prior to submittal to property management and external agencies.
• Review property accounts payable.
• Maintain annual filing log and ensure all annual filings are complete, such as Form 571L.
• Assist property accountant with processing debt payments, real estate taxes, owner distributions, payroll reimbursement, intercompany payables, and management fees.
• Manage the annual audit and tax filing process.
• Work with property accountant and property management department on the annual budget process.
• Common Area Maintenance (CAM) reconciliation and billing for commercial properties.
• Coordinate with Property Management department to oversee tenant accounts receivable – timely and accurate billing and move-outs, monitoring of delinquencies.
• Coordinate with Property Management department on the optimal use of operating cash and reserves – budgeting and use of available funds.
• Perform predevelopment accounting and reporting for Real Estate Development.
• Coordinate with Real Estate Development to ensure all real estate activity is reflected in accounting records.
• Review pre-development and construction invoices and process for payment.
• Lead the cost certification for Real Estate Development.
• Prepare monthly financial reporting for Real Estate entities.
• Prepare monthly Asset Management reports for Property Management Team.
• Respond to funders and regulators’ requests for reporting and information.
• Provide projections and forecasting as requested, especially to ensure optimization of year end surplus cash.
• Work in collaboration with property management, real estate development, and the property accountant to successfully transition properties whether newly managed, acquired or built.
• Ensure proper recording of any escrow activity (e.g. loan refinancing, title transfer, etc.)
• Become expert and super user of property management and accounting software (Yardi).
• Assist in software training and implementation.
• Perform other property accounting and finance tasks assigned by Senior Real Estate Asset Finance Manager or Chief Financial Officer.
• Perform and manage annual audit of properties, tasks related to property management for annual audit of consolidated financial statements of The Unity Council, audits and reviews by the government and regulatory entities.
• Ensure compliance with loan covenants and prepare timely compliance reporting for the banks and other entities that provide property financing.
• Generate periodic Asset Management Reporting, property budgets and analysis of actual results vs budgets/forecasts.

Benefits

• Two weeks of paid vacation a year
• sick time
• 14 holidays
• up to five floating holidays based on employment status
• medical and dental benefits on the first of the month following 30 days of employment
• life insurance policy at no cost to employees (with the option of increasing policy amount)
• flexible spending account for medical and dependent care costs
• commuter benefits
• 403(b) with employer match
• opportunities for professional development and growth

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level