Senior Accountant (Property Management)

Lion Real Estate Group, established in 2007 by Jeff Weller and Mory Barak, is a US-based investment firm with a niche focus on acquiring B/C multifamily assets in the Sun Belt states. The co-founders have completed $2.5 billion of real estate transactions and have office locations in Dallas, TX (headquarters), Los Angeles, CA and Nashville, TN. The firm currently owns and operates over 6,800 units across 29 multifamily properties located in the Los Angeles, Nashville, Dallas, Austin, Houston, Atlanta, and Charlotte markets.

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The Senior Accountant is a self-motivated, detail- and deadline-oriented professional with experience in financial statements preparation and month-end and year-end close process. Strong understanding of basic accounting principles and GAAP accounting required.

SENIOR ACCOUNTANT - Essential Functions

1. Manage the day-to-day accounting of assigned assets
2. Assist in monitoring operating cash accounts and cash position
3. Reconcile bank accounts including researching tenant deposits, posting manual checks, and recording cash transfers
4. Reconcile loan reserve and impound accounts
5. Perform month-end, quarter-end, and year-end close including reconciling general ledger accounts to subledgers and supporting schedules
6. Review financial reporting packages for completeness and accuracy prior to distribution and provide to investors and management timely
7. Interpretation and application of property loan documents, operating agreements, organizational charts, and other pertinent documents to ensure compliance
8. Prepare monthly and quarterly actual to budget variance analyses
9. Prepare and maintain monthly and quarterly equity roll-forward schedules
10. Update and maintain schedules for property tax, property insurance and Balance Sheet accounts
11. Post journal entries for month-end and year-end close including operating expense and capital expenditure accruals
12. Record audit adjusting journal entries and reconcile financial statements to audited financial statements
13. Calculate property, asset, and construction management fees
14. Calculate franchise tax and ensure timely annual filing
15. Calculate debt covenant and ensure compliance
16. Update and maintain fixed asset and depreciation schedules and calculate monthly depreciation and amortization expenses
17. Update and maintain investor required construction sources and uses workbook
18. Calculate and manage partner equity contribution, distribution and retained earnings
19. Update and maintain capital contribution schedules for each partnership
20. Gather capital expenditure invoices for capital call and prepare capital call notices
21. Prepare Lender required quarterly and annual debt compliance packages
22. Assist in monitoring Lender required replacement and repairs for completion
23. Prepare Lender reserve draw requests including gathering invoices and completing required forms
24. Liaise with internal and external business partners such as operations and accounting teams, investors, lenders, and auditors
25. Respond to investor requests in a professional and timely manner
26. Assist in coordinating annual financial audits including preparing and providing support to external auditors as requested
27. Work closely with operations to ensure accuracy and timely operating reporting
28. Research and resolve invoice discrepancies with accounts payable and/or operations
29. Monitor monthly tenant rent relief receipts from government agencies
30. Participate in the annual budget preparation providing operating expense information as required
31. Assist with reconciling investor distributions and tax preparation at year-end
32. Ad-hoc projects and assignments as directed by supervisor
33. Maintains regular and consistent attendance according to required work schedule decided by the Company
34. Provides exemplary customer service to residents, prospects, and guests and represents the Company in a professional manner at all times

SENIOR ACCOUNTANT - Required Skills/Abilities

• Excellent verbal and written communication skills. (English)
• Excellent interpersonal and customer service skills.
• Excellent organizational skills and attention to detail with high level of accuracy.
• Excellent time management skills with a proven ability to meet deadlines.
• Strong analytical and problem-solving skills.
• Proven ability to maintain sensitive and confidential information
• Team player with ability to Work well and collaboratively with others and develop positive working relationships
• Ability to work independently, prioritize duties, manage time efficiently, and multi-task.
• Ability to function well in a high-paced and at times stressful environment.
• Proficient with real estate ERP software such as Yardi Voyager preferred
• Proficient with Microsoft Office suite, particularly Excel, required
• PAYscan experience ideal

SENIOR ACCOUNTANT - Education and Experience

• Bachelor’s degree in accounting, finance, or a related field
• Minimum 3 years of accounting experience, property accounting preferred
• Residential multifamily environment preferred
• Strong understanding of basic accounting principles and GAAP accounting required