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Lincoln Avenue Communities · 1 month ago

Senior Associate, Finance (Real Estate)

Santa Monica, CA

Full-time

Hybrid

Mid, Senior Level

$120K/yr - $120K/yr

3+ years exp

Lincoln Avenue Communities (LAC) is a mission-driven real estate private equity firm focused on developing and preserving affordable housing. The Senior Finance Associate will play a key role in the Asset Management team, overseeing financial operations and supporting the investment portfolio's performance while collaborating with various departments.

Property ManagementReal EstateService Industry

Responsibilities

Oversee financials for our real estate portfolio, including completion of annual budgets and review of monthly financials prepared by property management companies, including a budget-to-actual analysis

Prepare quarterly valuations for all real estate holdings, including calculations of normalized net operating income and discounted cash flow models

Liaise with property management companies and external accounting firms to review and coordinate property-level financial statement audits

Calculate periodic distributions for real estate entities based on the waterfall terms in their underlying limited partnership agreements and loan documents

Collaborate with other departments (asset management, development, etc.) to oversee the maintenance of our newly created database of various property-level metrics and assist with building out automated reporting functionality using this data

Maintain a quarterly schedule of real estate owned to track DSCRs, LTV ratios, and other metrics requested by lenders

Prepare calculations of and provide key information on investment transactions, development fees, and asset management fees to Corporate Accounting for use in the quarterly financial statements

Design, implement, and continually strengthen key policies, procedures, and controls for the finance team as well as those of the property management companies

Perform special projects or duties as assigned

Qualification

Financial analysisReal estate accountingBudget managementMicrosoft ExcelCPA licenseAnalytical skillsCritical thinkingProblem solvingCommunication skillsCollaboration

Required

Bachelor's degree in Business, Accounting, or Finance

3-5 years of experience working in the field of finance or accounting

Highly proficient with Microsoft Office, particularly Excel

Ability to manage multiple projects and prioritize key deliverables

Detail oriented, self-motivated, and intellectually curious

Critical thinking, problem solving, and analytical skills

Strong verbal and written communication skills with the ability to interact with all levels of the organization

Ability to work independently as well as collaboratively in a growing environment

A high-level of professionalism and integrity in dealing with confidential issues

Aptitude for creating strong internal relationships within LAC. Must be a strong collaborator among peer groups within the company

Passionate and aligned with the company's double bottom line mission: generating appropriate returns for investors and managing great, stable communities for our residents