Senior Accountant

The Company:

TruAmerica Multifamily is a Los Angeles based Multi-Family Real Estate Investment and Asset Management Company. We are looking for a well-organized, responsible and experienced professional to join our growing team.

Job Description:

Reporting to the CFO you will be responsible for overseeing the monthly financial reporting process for our various management companies including reviewing the financial statements for multiple properties, monthly accruals, consolidations, review management fee calculations and cash management. Prepares monthly or quarterly cash flow reports to accurately calculate distributable cash flow for each asset. Responsible for preparation and completion of monthly or quarterly capital improvement draws and/or capital calls for unfunded commitment and submit to either the Lender or LP for funding. Manages interim and annual financial audit engagements ensuring timely and accurate reporting.

We require that you be able to respond clearly and concisely to our third party management companies, our Asset Management department and our Senior Management Team regarding financial issues, and must communicate effectively with clients, investors and lenders.

Tasks and Responsibilities:

• Oversees the monthly financial reporting process for the various property management companies (PMC's) to ensure timely and accurate reporting
• Reviews preliminary financial reports provided by the PMC's for accuracy making sure subledgers such as bank reconciliations, accounts receivable, accounts payable, escrow balances and gross potential rent, etc. tie out to the financial reports
• Verifies operating and capital expense items are coded correctly
• Communicates any anomalies in the financials to the Asset Manager and to the PMC's
• Provides accurate financial statements to the joint venture partner(s) monthly by the due date indicated in the joint venture agreement
• Provides monthly, quarterly, or annual financial reporting to lenders to comply with loan requirements
• Assists Asset management and portfolio management with annual budget planning as needed
• Provides budget figures for partnership and other expenses as requested by asset management
• Prepares monthly or quarterly cash flow reports to accurately calculate distributable cash flow for each asset
• Provides recommended distribution amount to the Asset Manager for approval
• Distributes cash flow to both the joint venture partner(s) and respective TruAmerica entity per the due date listed in the joint venture agreement
• Maintains preferred interest or IRR schedule with distribution and capital call amounts
• Completes monthly or quarterly capital improvement draws and/or capital calls for unfunded commitment and submit to either the Lender or LP for funding
• Verifies all unit renovation invoices and exterior capital improvement invoices paid by the PMC are included in each draw or capital call package
• Includes capital improvement invoices paid internally by the TruAmerica Accounts Payable Manager
• Verifies proof of payment and lien waivers are included in each draw or capital call package
• Confirms funding is received from the lender or joint venture partners
• Sets-up GP funding and communicates with CFO once completed
• Manages interim and annual financial audit engagements ensuring timely and accurate reporting
• Coordinates with the PMC to provide auditors with information requested in the PBC (provided by client) list, ensure that the PMC is adhering to timelines
• Oversees engagement of ASC805 PPA (purchase price allocation) reporting for US GAAP audit requirements and cost segregation studies used for tax return preparation
• Assists respective CPA firms with tax preparation requests including providing financial reporting, audited financials, cost segregation studies and acting as a liaison between the audit and tax firms as well as with the LP's
• Partners with LP to ensure the receipt of audited financial statements, K-1's and tax returns filed by the required due date listed in the JVA

Qualifications:

• The successful candidate will have minimum BA/BS degree in accounting or finance.
• Yardi Voyager and/or RealPage property management software experience is required.
• Knowledge of GAAP Accounting is required.
• 5+ years of multi-family real estate experience required.
• Ability to multi-task and work with minimal supervision, must be thorough, detail oriented, and have excellent follow-up skills.
• Must be able to work in a fast-paced environment and meet deadlines in a timely fashion.
• Must have strong analytical skills, be a highly energetic team-player with a POSITIVE ATTITUDE.
• Ability to communicate with all levels of management.

Our Senior Accountant needs to be an individual who is committed to results and has a strong sense of personnel responsibility for how the company performs. This person's financial aptitude and analytical skills need to translate into insightful actions and proactive business improvement. You will need to maintain a “big picture” perspective but also have a strong attention to detail.

This position is located at our Woodland Hills, CA office.

Physical Demands:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Ability to sit for up to 10 hours per day
• Ability to move freely around the office for up to 10 hours per day
• Ability to communicate verbally and in writing

We Offer: A competitive compensation package, and the chance to make a difference. This is truly an outstanding opportunity for someone to grow professionally, and be positioned for increasing responsibilities and career enhancement. Join the team that is setting the pace in the industry.

Why Join TruAmerica Multifamily?

• We'll give you the autonomy and resources to make an impact
• Competitive Compensation and Bonus Eligibility
• Opportunity to invest with other employees in an Executive Pool
• Employer sponsored benefits (Medical, FSA, Dental, Vision, Long Term Disability and Life) package including 401k with employer matching contribution
• Employer Sponsored Perks and Benefits
• Competitive Vacation that respects your time away to observe, have fun or simply rejuvenate
• Generous employee engagement initiatives and more!

TruAmerica Multifamily is proud of our commitment to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.