Director of Property Accounting

Company Summary

The BAM Companies specializes in the acquisition and management of multifamily apartment communities. Headquartered in Carmel, Indiana, The BAM Companies consists of BAM Capital, BAM Management, and BAM Construction. This array of real estate services utilizes the knowledge and strengths of its employees and market expertise to achieve maximum benefit for community residents and investors. The BAM Companies offers candidates an opportunity to be a part of culture that supports innovative ideas, as well as personal and professional growth.

Position Description

This position will report to the Vice President of Finance and Accounting to coordinate the accounting operations of the all BAM Companies’ affiliates’ managed assets(i.e. BAM Companies sponsored funds). The ideal candidate will have specialized accounting expertise in multifamily real estate accounting and well versed in both cash and GAAP standards. The Director of Property Accounting will be responsible for coordinating and supervising off-shore resources for the day-to-day accounting of each asset, standardization of processes, and increasing scalability of practices.

Primary Responsibilities:

• Supervise off-shore resources to ensure timely and accurate complete of monthly, quarterly and annual financial reporting
• Coordinate treasury management procedures between properties and BAM Companies and advise on timing
• Support Asset Management and Property Management in onboarding accounting programs for newly acquired assets
• Oversee collections efforts with third parties
• Engaging cross functionally with asset management and other departments to implement accrual based accounting in to projections
• Property Taxes administration and insurance monitoring
• Annual 1099 reporting
• Oversee Replacement Reserve Draws
• Timely resolution to all ledger questions provided by accounting team and external parties
• Seek out and recommend operational improvements that lead to increased efficiency and scalability
• Assist in year-end audit and reporting process including coordination with clients, auditors and tax teams

Required Qualifications:

• Bachelor’s degree in Accounting
• 5 years of accounting experience with 2 years of property accounting experience in multifamily real estate property accounting using mid to large scale softwares including Entrata, Appfolio, Realpage, Yardi, Resman or other similar product. Direct experience with Entrata highly preferred.
• General knowledge of real estate transactions and syndication models
• Strong attention to detail and accuracy
• Superior problem solving, analytical, judgment and decision-making skills
• Ability to think independently, prioritize, multi-task, and meet deadlines
• Extensive Microsoft suite skills
• An ability to work under pressure to meet tight deadlines and balance multiple priorities
• Strong organizational skills with the ability to own and see projects to completion
• Self motivated and proactive with the ability to work independently as well as be able to effectively work on a team
• Experience in working in a hybrid model with teams based both locally and abroad

Desired Qualifications:

• CPA or other relevant professional designation

Benefits

BAM offers a comprehensive benefits package that includes some out-of-the-box choices, but things being different and that challenge conventional wisdom is how we always operate.

• Paid Time Off - Upon starting each employee already will be able to enjoy all 14-and-a-half paid holidays that BAM observes! On top of that, when each employee hits their 90th day, we drop 88 hours of PTO into each person’s account. That only goes up on the employee’s first BAM-iversary when we add another 120 hours into each person’s bank.
• Traditional Medical and Health Benefits - We all need them, and BAM provides them at a bargain! Each year the company chooses to contribute a larger portion of the total benefits cost in an effort to not raise the employee’s contribution and lower it if possible. This package includes: medical, dental, vision, voluntary life, short-term disability, long-term disability, and a small pet benefit option.
• Company Culture - BAM strives to have and succeeds in always having the small company feel. You will never be a number, and will always be valued. We live out our values: (1) When People Grow, BAM Grows, (2) Loyal, Loving Family, (3) Fun, Quirky Spirit, and (4) Work Hard, Play Hard, WIN!
• Free Life Insurance - The company pays for $25,000 in life insurance free of charge to each and every employee.
• Personal & Professional Development - BAM pays for unlimited access to MytrueU which is a site that aggregates incredible community leaders and asks them to share their lessons learned, in order to enrich others.
• Events - BAM spares no expense in order to plan events for the entire company. No matter where the employee is working, we ensure that everyone can get together and live out our Core Values.

Work Environment:

This job operates in a professional office environment. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets, and fax machines.

Physical Demands:

The physical demands described here are representative of those that must be met by an employee to perform the essential functions of this job successfully. While performing the duties of this job, the employee is regularly required to talk and/or hear. The employee frequently is required to stand, walk, use hands and fingers to handle or feel, and reach with hands and arms. The employee must occasionally lift or move office products and supplies, up to 20 pounds.

Travel

No travel is required for this position

Work Authorization

Authorized to work in the United States of America.

AAP/EEO Statement

The BAM Companies provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, national origin, age, disability, or genetics. In addition to federal law requirements, The BAM Companies complies with applicable state and local laws governing nondiscrimination in employment in every location in which the company has facilities. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.