What are the responsibilities and job description for the Senior Associate, Finance position at Lincoln Avenue Communities?
The Company
Welcome to Lincoln Avenue Communities (LAC)! We are a dynamic and entrepreneurial real estate private equity firm that strengthens communities. As a developer, investor, and operator, we provide sustainable, high-quality homes for lower- and moderate-income individuals, seniors, and families across 29 states. With a portfolio encompassing 160 properties and 22,000 units, we are committed to creating lasting impacts on the lives of our residents and the communities we serve.
The Role
LAC is seeking a Senior Finance Associate to join our collaborative team of professionals who are preserving and building multi-family affordable housing through the United States. We're looking for someone who can support our rapid growth via their involvement in the corporate finance function. Responsibilities will be dynamic as the needs of our business grow and evolve. The ideal candidate has a strong background in accounting but is ready to move out of a strictly accounting role, is comfortable joining an entrepreneurial environment, and is enthusiastic about our impact-focused mission.
This is a hybrid role (3 days in the office), and you will report to the Finance Manager.
Requirements
Essential Job Functions
Benefits
The expected base salary for this role is $110,000 - $125,000. This represents the current target and is subject to change. To determine starting pay, we carefully consider a variety of factors, including primary work location and an evaluation of a candidate's skills, experience, market demands, and internal parity. Our comprehensive total rewards package offers more than just a salary. Benefits include:
Lincoln Avenue Communities is an equal-opportunity employer. We prohibit discrimination and harassment of any kind and afford equal employment opportunities to employees and applicants without regard to race, color, religion, sex, sexual orientation, gender identity or expression, pregnancy, age, national origin, disability status, genetic information, protected veteran status, or any other characteristic protected by law. At LAC, we conform to the spirit and the letter of all applicable laws and regulations.
Welcome to Lincoln Avenue Communities (LAC)! We are a dynamic and entrepreneurial real estate private equity firm that strengthens communities. As a developer, investor, and operator, we provide sustainable, high-quality homes for lower- and moderate-income individuals, seniors, and families across 29 states. With a portfolio encompassing 160 properties and 22,000 units, we are committed to creating lasting impacts on the lives of our residents and the communities we serve.
The Role
LAC is seeking a Senior Finance Associate to join our collaborative team of professionals who are preserving and building multi-family affordable housing through the United States. We're looking for someone who can support our rapid growth via their involvement in the corporate finance function. Responsibilities will be dynamic as the needs of our business grow and evolve. The ideal candidate has a strong background in accounting but is ready to move out of a strictly accounting role, is comfortable joining an entrepreneurial environment, and is enthusiastic about our impact-focused mission.
This is a hybrid role (3 days in the office), and you will report to the Finance Manager.
Requirements
Essential Job Functions
- Prepare quarterly valuations for all real estate holdings, including calculations of discounted cash flow models
- Maintain a quarterly schedule of real estate owned to track DSCRs, LTV ratios, and other metrics requested by lenders
- Complete due diligence and KYC forms for prospective lenders, investors, and external partners
- Maintain internal deliverables for employees' allocation of equity, valuation of equity, and related vesting, and calculate employee distributions
- Maintain workbook tracking allocations related to collateralized loan obligations and work with counterparties to process quarterly funding/distributions
- Assist with corporate cash flow projections, including gathering inputs for transactions in the pipeline, projecting fee income, and estimating surplus cash distributions
- Coordinate UST investments, line of credit draws, and bank account set-up.
- Design, implement, and continually strengthen key policies, procedures, and controls for the finance and accounting teams
- Perform special projects or duties as assigned
- 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
- 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
- Preferred qualifications include:
- CPA license
- Experience at a "Big 4" public accounting firm
- Background with real estate and partnership accounting
- Audit background strongly preferred
- Experience with low-income housing tax credits and/or investment management is a plus
Benefits
The expected base salary for this role is $110,000 - $125,000. This represents the current target and is subject to change. To determine starting pay, we carefully consider a variety of factors, including primary work location and an evaluation of a candidate's skills, experience, market demands, and internal parity. Our comprehensive total rewards package offers more than just a salary. Benefits include:
- Performance-based bonuses
- Full medical, dental, and vision coverage for you and your dependents
- 401(k) plan with employer matching and immediate vesting
- Life and disability insurance
- Generous PTO, holidays, and sick time
- Paid parental leave
- Employee referral incentives
- Fun company and team-building events
- Continuous learning and development opportunities
Lincoln Avenue Communities is an equal-opportunity employer. We prohibit discrimination and harassment of any kind and afford equal employment opportunities to employees and applicants without regard to race, color, religion, sex, sexual orientation, gender identity or expression, pregnancy, age, national origin, disability status, genetic information, protected veteran status, or any other characteristic protected by law. At LAC, we conform to the spirit and the letter of all applicable laws and regulations.
Salary : $110,000 - $125,000
