Senior Development Accountant

LINC HOUSING CORPORATION•Long Beach, CA

3d•Hybrid

About The Position

The Senior Development Accountant reports directly to the Development Accountant Manager. This position works closely with the Housing Development department and is responsible for the financial review and oversight of the budgets and reporting for construction and development of properties. This position supervises Development Staff Accountants and is the back-up to the Development Accountant Manager.

Requirements

BA in Finance or Accounting, or related field and 5 years’ experience in real estate development accounting or related field, demonstrating solid understanding of job costs, real estate accounting principles, and financial statement preparation.
Knowledge of Development and job cost practices and impact on General Ledger.
Knowledge of Preparation of Draw packages.
Knowledge of Contract Management in Yardi a plus.
Knowledge of Yardi Voyager 7S or major systems experience.
Knowledge of Accepted methodologies for budgeting and cash forecasting.
Demonstrates proficiency in Microsoft: Excel and Word.
Strong leadership skills; manage team of 4 or more.
Strong analytical skills dealing with financial data and budgets.
Superior writing and communication skills.
Proficient in the use of personal computers and related software applications.
Strong attention to detail.
Ability to Analyze and monitor budgets.
Ability to Provide feedback to Project Managers on development project financial status.
Ability to Set priorities in a fast-paced environment.

Nice To Haves

Contract Management in Yardi a plus.
Affordable Housing experience a plus.

Responsibilities

Supervises and directs development accountants as assigned.
Provides training, manages monthly/quarterly reporting, manages workflow of team, and engages in performance discussions.
Coordinates with the development accountants on the pre-development and construction phases through stabilization.
Reviews all draw packages for completeness, monitors submission of draw packages to lender.
Reviews financials comparing actual to budget and partners with Project Managers to keep projects in line with their budget.
Prepares Yardi generated job cost reports that tie out to trial balance reports and draw summary report.
Reviews bank reconciliations prepared by the development staff accountants; and prepares bank reconciliations for assigned projects in construction.
Oversees the validation of ACH/wire instructions.
Ensures project trial balances are reconciled, complete, and ready for the year-end audits/compilations, and cost certification.
Works with the Accounting management team to develop policies and procedures.
Approves development construction payments: ACH Wires and Positive Pay.
Performs additional Ad Hoc Projects as assigned by the Development Accountant Manager and the Accounting Management team.