GID Investment Advisers LLC
Staff Accountant
GID Investment Advisers LLC, Boston, Massachusetts, us, 02298
Staff Accountant | GID - Boston, MA
GID is a leading real estate investment and management firm that operates a diverse portfolio of multifamily, industrial, and mixed-use developments across the United States. With over 60 years of experience across multiple asset classes, GID is an established real estate private equity investor and fiduciary supported by an integrated operating platform with approximately 54,000 multifamily units and over 25M square feet of industrial and commercial space of assets under management.
With corporate offices in Atlanta, Boston, Dallas, New York City, and San Francisco, GID employs over 1,200 real estate professionals and operates an expansive portfolio of existing and under-development properties valued at over $30.11 billion as of June 2023.
DESCRIPTION : To provide management with timely, accurate and reliable information regarding the properties and profit centers for which the accountant is responsible, which includes review and validation of general ledger entries for properties maintained by joint venture companies and journalizing general ledger activity received from the joint venture partner, recording significant transactions in the general ledger (Acquisitions, Dispositions and Loan Transactions), preparation of investor reporting requests, review of money reporting packages provided by a third party accounting team and owning the fund level cash management process. The Accountant will embrace our company values of accountability, inclusiveness, energizing and courageousness.
RESPONSIBILITIES : Multifamily fund accounting
Oversight of the financial information prepared by the property accounting team. This includes periodic analytical review of financial information within the general ledger and review of monthly reporting packages provided by the property accounting team. Provide feedback when necessary. Prepare cash contributions and distributions for the multifamily separate accounts and prepare Yardi IM entries for the associated transactions. Coordination with joint venture partners on development deals for multifamily separate accounts, including coordinating the draws, capital calls, and reviewing their monthly activity. Prepare monthly journal entries of joint venture financial activity and reconcile the balances back to the joint venture financial statements. Preparation of wire requests and coordinate with Treasury personnel to ensure funds transfer. Prepare monthly cash management worksheets and post all fund level cash activity for the separate accounts. Process monthly affiliate reimbursements and fund level invoices in Yardi. Prepare monthly mortgage interest entries & subline interest entries and wire requests. Yearly tax equity roll forwards. Assist with the preparation of acquisitions, dispositions, opening and closing entries. Prepare quarterly master credit facility loan compliance. Prepare monthly fund level balance sheet reconciliations. Respond to any special project requests from other departments as required.
Property accounting
Review general ledger monthly to verify accuracy of third party financial statement preparation. Review monthly financial statements including variance analysis researching and commenting on reasons for significant variances. Analyzes and reconciles balance sheet and income statement accounts to ensure accuracy and correct classification of activity. Ensure necessary year-end adjustments are accurate to finalize financial statements. Review capital expenditures, analyze uninsured loss account and startup cost accounts. Resolve open bank reconciling items and balance sheet reconciliation items. Responsible for ensuring the filing of personal property tax, business license, and sales tax. Responsible for maintaining timely property tax payments. Participate in monthly meetings to review financial statements. Provides lenders with debt compliance and other financial information as required by loan documents. Approve and code certain invoices into Yardi. Acts as a liaison to auditors for property information and provides needed documentation and reviews audit requirements and schedules. Oversight of acquisition and sales requests. Other projects assigned.
REQUIREMENTS : Extremely detail-oriented with demonstrated ability to organize & prioritize projects, complete multiple tasks on schedule. Bachelor’s degree required. Experience with Real Estate preferred, Corporate experience required. At least 3 - 5 years of relevant experience and/or training or equivalent combination of education and experience. Drug testing and background checks are an employment requirement. These are required steps in the hiring process. Our company considers a range of factors including education and experience when determining base compensation. This position is also eligible for bonus and benefits. For more information, visit:
Benefits !
GID is an Equal Opportunity Employer. #J-18808-Ljbffr
DESCRIPTION : To provide management with timely, accurate and reliable information regarding the properties and profit centers for which the accountant is responsible, which includes review and validation of general ledger entries for properties maintained by joint venture companies and journalizing general ledger activity received from the joint venture partner, recording significant transactions in the general ledger (Acquisitions, Dispositions and Loan Transactions), preparation of investor reporting requests, review of money reporting packages provided by a third party accounting team and owning the fund level cash management process. The Accountant will embrace our company values of accountability, inclusiveness, energizing and courageousness.
RESPONSIBILITIES : Multifamily fund accounting
Oversight of the financial information prepared by the property accounting team. This includes periodic analytical review of financial information within the general ledger and review of monthly reporting packages provided by the property accounting team. Provide feedback when necessary. Prepare cash contributions and distributions for the multifamily separate accounts and prepare Yardi IM entries for the associated transactions. Coordination with joint venture partners on development deals for multifamily separate accounts, including coordinating the draws, capital calls, and reviewing their monthly activity. Prepare monthly journal entries of joint venture financial activity and reconcile the balances back to the joint venture financial statements. Preparation of wire requests and coordinate with Treasury personnel to ensure funds transfer. Prepare monthly cash management worksheets and post all fund level cash activity for the separate accounts. Process monthly affiliate reimbursements and fund level invoices in Yardi. Prepare monthly mortgage interest entries & subline interest entries and wire requests. Yearly tax equity roll forwards. Assist with the preparation of acquisitions, dispositions, opening and closing entries. Prepare quarterly master credit facility loan compliance. Prepare monthly fund level balance sheet reconciliations. Respond to any special project requests from other departments as required.
Property accounting
Review general ledger monthly to verify accuracy of third party financial statement preparation. Review monthly financial statements including variance analysis researching and commenting on reasons for significant variances. Analyzes and reconciles balance sheet and income statement accounts to ensure accuracy and correct classification of activity. Ensure necessary year-end adjustments are accurate to finalize financial statements. Review capital expenditures, analyze uninsured loss account and startup cost accounts. Resolve open bank reconciling items and balance sheet reconciliation items. Responsible for ensuring the filing of personal property tax, business license, and sales tax. Responsible for maintaining timely property tax payments. Participate in monthly meetings to review financial statements. Provides lenders with debt compliance and other financial information as required by loan documents. Approve and code certain invoices into Yardi. Acts as a liaison to auditors for property information and provides needed documentation and reviews audit requirements and schedules. Oversight of acquisition and sales requests. Other projects assigned.
REQUIREMENTS : Extremely detail-oriented with demonstrated ability to organize & prioritize projects, complete multiple tasks on schedule. Bachelor’s degree required. Experience with Real Estate preferred, Corporate experience required. At least 3 - 5 years of relevant experience and/or training or equivalent combination of education and experience. Drug testing and background checks are an employment requirement. These are required steps in the hiring process. Our company considers a range of factors including education and experience when determining base compensation. This position is also eligible for bonus and benefits. For more information, visit:
Benefits !
GID is an Equal Opportunity Employer. #J-18808-Ljbffr