Sr. Accountant, LIHTC

Enterprise Residential•Columbia, MD

About The Position

The Fund Investment Reporting and Management (FIRM) team is responsible for the management, accounting, and reporting for Low Income Housing Tax Credit (LIHTC) equity funds and Real Estate Equity funds. This position is responsible for preparation and analysis of (i) operating results for financial reporting for assigned funds in accordance with generally accepted accounting principles (or other basis of reporting, e.g. tax basis, as necessary) to management, investors and regulatory agencies, and (ii) maintaining professional relationships and communication with colleagues, internal stakeholders, investors, partners, third-parties, auditors and regulatory agencies to promote Enterprise’s business. This position requires enthusiasm, excellent communication, collaboration, organizational, analytical, and computer skills, and the ability to perform multiple tasks in a fast-paced, team-oriented environment with minimal supervision.

Requirements

Bachelor’s degree in Accounting, Finance or related field is required
2-5 years accounting/finance experience required
Must possess strong financial, analytical, organizational, and quantitative skills, and ability to coordinate complex activities, prioritize conflicting demands and meet deadlines with a quality, accurate work product.
Must be highly motivated, be able to work independently and possess strong written and oral communication skills, with the ability to communicate effectively at all levels.
Incumbent is expected to demonstrate strong ethics, strong interpersonal and communication skills to represent the interests of Enterprise both within and outside the organization.
Knowledge of generally accepted accounting principles (GAAP) is required.
Excellent computer skills, particularly with Excel, are required.
Ability to maintain a big picture focus while attending to detailed work and providing thorough documentation.

Nice To Haves

Public accounting experience and knowledge of real estate analysis/forecasting or partnership/fund LIHTC tax preferred.
Interest in learning financial modeling is desirable
Experience with Workday is desirable.
Experience in accounting and analysis related to real estate/LIHTC partnerships is preferred, and knowledge of NPV and IRR are a plus.

Responsibilities

Obtain appropriate understanding of the business/fund structure necessary for the preparation and analysis of results and communications with investors, partners and auditors.
Review, evaluate and summarize terms and conditions of operating and other agreements of assigned funds and ensure Enterprise enforces its rights and meets its obligations.
Maintain general ledgers, supporting schedules, journal entries and workpapers in accordance with Generally Accepted Accounting Principles and Partnership Documents.
Manage fund sources, uses and timing of cash activity.
Record cash activity and prepare wires for reimbursement to corporate.
Prepare and review quarterly equity fund financial statements, supporting schedules, journal entries, and analysis, with GAAP to tax variance analysis of operating partnerships annual income.
Prepare and review annual equity fund tax returns and fund financial statement audits, ensuring all information is completed timely and accurately.
Support the line of business by providing information and analysis relevant to decision-making (e.g. working capital and project performance reserves, Cash Flow and Capital Proceeds availability) including monitoring and evaluation of key metrics, performance indicators and risks
Create and ensure distribution of related investor reports.
Interact with Enterprise staff, investors, and external auditors to provide accurate and timely financial information.
Design, implement and maintain policies and procedures in support of internal controls over financial reporting, ensuring that accounting procedures and related documentation are designed so that internal controls are effective and functioning.
Evaluate and implement efficient and effective processes, increasing cross-training and consistency and leveraging technology to increase automation and decrease manual effort on routine activities.
Identify areas for process (e.g. investor reporting) or product reporting (e.g. workpaper template) improvement and suggest potential solutions
Proactively demonstrate leadership qualities such as collaboration, initiative, innovation, problem-solving, accountability, planning and setting goals, and personal development.
Complete other duties and projects as assigned

Benefits

annual performance bonuses
generous paid leave programs
dental, health, and vision care plans
family-building benefits such as adoption and surrogacy support
flexible work arrangements
health advocacy
Employee Assistance Program (EAP)
mental health benefits
financial education
wellness programs
auto-enrollment in the company’s 401(k) plan with employer matching contributions
learning and development opportunities
tuition reimbursement for job-related courses and certifications