Sr Development Accountant

LINC HOUSING CORPORATION•Long Beach, CA

1d•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 projects. This position supervises the Development Staff Accountants and is the back-up to the Development Accountant Manager.

Requirements

Knowledge of: Development and job cost practices and impact on General Ledger
Preparation of Draw packages
Contract Management in Yardi a plus
Yardi Voyager 7S or major systems experience
Accepted methodologies for budgeting and cash forecasting
Demonstrates proficiency in Microsoft: Excel and Word
Skill Level: 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
Provide feedback to Project Managers on development project financial status
Set priorities in a fast-paced environment
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

Nice To Haves

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