Senior Accountant

US-CA-Los Angeles
2 weeks ago
Job ID
2017-1181
# of Openings
1
Category
Accounting - Loan/Property

Overview

The Senior Accountant is responsible for partnerships and investments assigned. This includes the general day-to-day maintenance relating to the assigned partnerships and investments. Responsibilities include: accretion calculations, monthly accruals, repetitive payments, quarterly reporting, cash projections, monitoring of agreements and reporting. This individual will play an important part in designing and implementing ongoing procedural changes and automation initiatives, in a fast paced environment characterized by strict adherence to tight deadlines and dedication to quality control in all aspects of the process.

Responsibilities

  • Perform and review daily accounting functions for a variety of investment types, including single-loans, loan portfolios, preferred equity, and operating real estate
  • Interface with operations to identify when hold/disposition assumptions have changed and accretion adjustments are required
  • Read and understand partnership agreements and loan agreements
  • Identify and prepare consolidation/elimination entries
  • Manage monthly expense accruals and payments
  • Monthly and quarterly investor reporting, including any required reporting to JV partners and supporting CLNY’s SEC reporting team
  • Manage any necessary audits or reviews
  • Ensure compliance with internal control policies
  • Calculate capital calls and distributions
  • Process deal funding
  • Maintain cash projections
  • Supervise and train staff accountants

Qualifications

  • Qualified candidates for this position must have at least 3-4 years of experience with a preference for a combination of public accounting and private general ledger/financial reporting experience (preferably in the private equity and real estate industry)
  • Bachelor's degree in Accounting/CPA preferred
  • Proficiency with Microsoft Excel is required
  • Experience in Yardi or comparable software is preferred
  • Strong knowledge of GAAP and application of accounting principles
  • Experience in accounting for mortgage and/or commercial loan assets preferred; including interest accrual methodology, fair value. Prior experience in accounting for REO or real estate assets helpful
  • Must be willing to work in a fast-paced environment and possess a strong work ethic with the ability to work extended hours during critical periods and to meet project deadlines
  • Detail-oriented with a high sense of urgency and exceptional organizational skills

 

 

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