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Atlantic Pacific Companies · 3 weeks ago

Development Accountant

Miami, FL

Full-time

Onsite

Mid Level

3+ years exp

Atlantic Pacific Companies is a dynamic industry leader in real estate with a diverse portfolio across several states. They are seeking a Development Accountant to manage full accounting operations for multiple LIHTC multi-family development projects, including financial reporting and cash flow management.

ConsultingProfessional ServicesReal Estate

Growth Opportunities

Responsibilities

Responsible for the full accounting operations of multiple LIHTC multi- family development projects from pre-development to stabilization

Prepare monthly journal entries, bank and sub-journal reconciliations, reconcile Work in Progress activity to financial draw model, intercompany reconciliations, and other Loan/Equity reconciliations

Prepare and submit monthly draws to various institutions for funding

Troubleshoot draw funding issues with Lenders/Development/Construction Managers

Preparation of monthly financial statements to include Balance Sheet and Work in Progress reconciliations

Work with independent CPA firm to assist with various agreed-upon engagements such as 10% test, Cost Certifications, Debt Service analyses, and annual financial audits. Also assist with year- end tax work

Manage project cash flow

Provide ad-hoc reporting and specials analyses as required by management

Qualification

Accounting operationsFinancial reportingGAAP complianceYardi experienceJob cost accountingAnalytical skillsExcel skillsProblem-solvingAttention to detailCommunication skillsLeadership

Required

Bachelor's Degree in accounting required

3+ years working in an accounting capacity for a Real Estate Developer preferably in the affordable/LIHTC industry. This would include experience with job cost accounting and financial reporting

Experience with GAAP reviews & audit procedures

Full competency with industry-standard accounting platforms preferably with Yardi experience

Strong Excel skills are a must