BRIDGE Housing
Staff Development Accountant
BRIDGE Housing, San Francisco, California, United States, 94199
Summary
Reporting to an Accounting Manager, this position will be responsible for handling predevelopment and construction phases of the new construction projects, acquisition and rehabilitation projects and a portion of the portfolio for properties that are going through reorganization, refinancing, litigation, major repairs, and/or resyndication. This person performs day‐to‐day general ledger accounting activities, monthly reconciliation process and month‐end close draw process. This position works closely with project managers and requires a working knowledge of construction deals and financing from a GAAP perspective. This position requires a highly detail‐oriented individual with good written and oral presentation capacities. The role is in an active office environment and must help build a strong accounting team.
Responsibilities
Financial Statements
Produces quality, accurate and timely monthly financial statements by preparing GAAP monthly journal entries and account reconciliations.
Entries include:
Reconcile and amortize prepaids
Expense accruals
Debt reconciliations and interest accruals o Insurance claim reconciliation
Capitalize fixed assets o Reconcile and record draw funding o
Categorize and record general contractor pay applications
Non‐affiliated developer fee payments
Non‐affiliated partner equity accruals
Cash receipts o Accounts payable reconciliation
Reserve‐in‐transit reconciliation
Construction loan closing entries
Records bank reconciliations monthly
Reviews and approves accounts payable entries entered by accounts payable clerk
Executes accurate and timely electronic approval packages for book transfers and wire transfers for draw funding, payments to vendors, capital contributions, intercompany lending repayments, and transactions between projects
Prepares payment requests and backup documentation for urgent or non‐routine payment requests from development
Records and reconciles construction draw activities, including general contractor retention accrual
Maintains all project financial files and statements and provides to auditors, investors, lenders, development partners, and external agencies as required
External Auditors
Prepares and submits detailed financial statement audit packages annually for pre‐construction and construction period projects
Responsible for addressing all open items under manager’s guidance
Prepares and submits workbooks and audit packages for a cost audit during the construction completion phase
Construction Draws
Monthly completion of draws for external and internal funding, including projects with multiple funding sources
Sets up draw budgets with project manager under accounting manager’s guidance, including sources and uses and budget category mapping
Specialized Reporting and AD HOC Projects
Assists in preparing and submitting ad hoc reporting as needed to external entities
Performs various projects and analysis as required
Prepares monthly and quarterly financial and draw reporting for the senior management group and the board
-Construction project report
-Pre‐development draw summary report
-Hard cost construction progress report
-Intercompany lending analysis
-Placed‐in‐service package due date report
Communication and Process Improvement
Communicates effectively with development, investors, lenders, development partners, and external agencies
Actively participates in meetings
Continuously looking for ways to streamline the draw and monthly close process while ensuring quality and accuracy of the financial statements
Qualifications
Bachelor’s degree in Accounting or Business
Strong analytical, organizational and problem‐solving skills
Proven proficiency with computer skills including Excel
Working knowledge of GAAP
Accounting software experience
Strong written and oral presentation capability
Demonstrated ability to work efficiently under manager’s supervision to meet time sensitive deadlines
Ability to work harmoniously in a multi‐cultural team
Preferred Qualifications
Experience with Yardi
Prior low‐income housing finance and development experience
Relevant development accounting work experience
Construction development accounting
BRIDGE Housing is an Equal Opportunity Employer committed to fostering an inclusive environment for our diverse workforce. We do not discriminate on the basis of race, religion, color, national origin, gender identity, sexual orientation, age, marital status, veteran status, or disability. Pursuant to applicable state and local regulations, we will consider qualified applicants with arrest records.
Reporting to an Accounting Manager, this position will be responsible for handling predevelopment and construction phases of the new construction projects, acquisition and rehabilitation projects and a portion of the portfolio for properties that are going through reorganization, refinancing, litigation, major repairs, and/or resyndication. This person performs day‐to‐day general ledger accounting activities, monthly reconciliation process and month‐end close draw process. This position works closely with project managers and requires a working knowledge of construction deals and financing from a GAAP perspective. This position requires a highly detail‐oriented individual with good written and oral presentation capacities. The role is in an active office environment and must help build a strong accounting team.
Responsibilities
Financial Statements
Produces quality, accurate and timely monthly financial statements by preparing GAAP monthly journal entries and account reconciliations.
Entries include:
Reconcile and amortize prepaids
Expense accruals
Debt reconciliations and interest accruals o Insurance claim reconciliation
Capitalize fixed assets o Reconcile and record draw funding o
Categorize and record general contractor pay applications
Non‐affiliated developer fee payments
Non‐affiliated partner equity accruals
Cash receipts o Accounts payable reconciliation
Reserve‐in‐transit reconciliation
Construction loan closing entries
Records bank reconciliations monthly
Reviews and approves accounts payable entries entered by accounts payable clerk
Executes accurate and timely electronic approval packages for book transfers and wire transfers for draw funding, payments to vendors, capital contributions, intercompany lending repayments, and transactions between projects
Prepares payment requests and backup documentation for urgent or non‐routine payment requests from development
Records and reconciles construction draw activities, including general contractor retention accrual
Maintains all project financial files and statements and provides to auditors, investors, lenders, development partners, and external agencies as required
External Auditors
Prepares and submits detailed financial statement audit packages annually for pre‐construction and construction period projects
Responsible for addressing all open items under manager’s guidance
Prepares and submits workbooks and audit packages for a cost audit during the construction completion phase
Construction Draws
Monthly completion of draws for external and internal funding, including projects with multiple funding sources
Sets up draw budgets with project manager under accounting manager’s guidance, including sources and uses and budget category mapping
Specialized Reporting and AD HOC Projects
Assists in preparing and submitting ad hoc reporting as needed to external entities
Performs various projects and analysis as required
Prepares monthly and quarterly financial and draw reporting for the senior management group and the board
-Construction project report
-Pre‐development draw summary report
-Hard cost construction progress report
-Intercompany lending analysis
-Placed‐in‐service package due date report
Communication and Process Improvement
Communicates effectively with development, investors, lenders, development partners, and external agencies
Actively participates in meetings
Continuously looking for ways to streamline the draw and monthly close process while ensuring quality and accuracy of the financial statements
Qualifications
Bachelor’s degree in Accounting or Business
Strong analytical, organizational and problem‐solving skills
Proven proficiency with computer skills including Excel
Working knowledge of GAAP
Accounting software experience
Strong written and oral presentation capability
Demonstrated ability to work efficiently under manager’s supervision to meet time sensitive deadlines
Ability to work harmoniously in a multi‐cultural team
Preferred Qualifications
Experience with Yardi
Prior low‐income housing finance and development experience
Relevant development accounting work experience
Construction development accounting
BRIDGE Housing is an Equal Opportunity Employer committed to fostering an inclusive environment for our diverse workforce. We do not discriminate on the basis of race, religion, color, national origin, gender identity, sexual orientation, age, marital status, veteran status, or disability. Pursuant to applicable state and local regulations, we will consider qualified applicants with arrest records.