Casa Familiar, Inc.
Senior Staff Accountant - Real Estate
Casa Familiar, Inc., San Diego, California, United States, 92189
Overview
Casa Familiar (Casa) was founded in 1973 and is a 501(c)(3) community-based organization dedicated to serving residents in South San Diego County and the border community of San Ysidro.
Casa Familiar’s mission
is to enhance quality of life for low-income individuals and families through advocacy, social services, education, affordable housing, arts and culture, and community and economic development.
Casa’s values
are RESPECT, INTEGRITY, FAMILIA, CULTURE, AND COMMUNITY. Casa seeks members to employ individuals that perform all assignments with a positive “can-do” attitude while demonstrating organizational values. Ideal employees have a strong desire to support Casa Familiar’s mission and the community we serve. POSITION OVERVIEW The Senior Staff Accountant is responsible for managing the financial records of real estate projects and properties, including development, operations, and compliance. This role tracks income and expenses, prepares financial reports, reconciles bank statements, manages accounts payable and receivable, ensures regulatory compliance, and assists with budgeting, draws and forecasting. The role involves collaborating with project development and property management teams and other stakeholders within the company, overseeing day-to-day accounting functions related to real estate transactions and operations. A strong understanding of real estate development processes and property operations is beneficial. The Senior Staff Accountant manages the financial aspects of real estate development projects and ensures compliance with tax regulations and financial reporting requirements. Successful work performance requires coordinating with other departments and outside agencies. The position interfaces closely with Casa Familiar’s Executive Management, Board of Directors, Project Development, Finance, Asset and Property Management, Community Engagement teams, and staff within the company. Real Estate Portfolio & Pipeline : Casa’s housing portfolio includes affordable multi-family complexes, community facilities and commercial spaces in the southern San Diego County area. The portfolio includes large affordable housing complexes where Casa is the managing general partner and a scattered site portfolio of smaller affordable housing complexes that Casa owns. Casa also operates community facilities including office space and recreational facilities owned by the City of San Diego. Casa has a pipeline of affordable housing, community development and community infrastructure projects and is scaling capacity for growth. JOB SUMMARY The Senior Staff Accountant is responsible for all aspects of development project accounting and serves as the primary accounting liaison to the Community Development department, working closely with the team. The Senior Staff Accountant manages the financial records of the real estate properties portfolio. Essential Duties and Responsibilities
Recording all income and expenses related to properties and projects, including rent receipts, utility bills, maintenance costs, property taxes and the flow of funds for various real estate development transactions. Creating detailed journal entries and posting them to the general ledger. Maintaining accurate accounts receivable and payable records, following up on outstanding invoices, grants receivables, and vendor and funder payments. Performing bank reconciliations to ensure financial data accuracy. Preparing monthly, quarterly, and annual property financial statements for each property and the overall portfolio. Analyzing property performance by tracking key metrics like occupancy rates, rent roll, and operating expenses. Generating reports on property income and expenses, including variance analysis compared to budget. Budgeting and Forecasting
Assisting in developing annual operating budgets for each property. Monitoring actual performance against budget and providing variance explanations. Forecasting future financial performance based on market trends and occupancy projections. Compliance and Audit Support
Ensuring adherence to all relevant accounting standards and regulations. Preparing supporting documentation for internal and external audits. Assisting with tax filings related to real estate transactions. Development Cash Management: Oversees cash flow for all development project sources; reconciles development project receivables and provides monthly reports of advances to development projects and estimated repayment schedules; provides budgeted-to-actual reports for Housing Development and Board; tracks budgeted-to-actual developer fees. Closings: Performs accurate journal entries for all acquisition, construction and permanent loan closings, in coordination with project managers and escrow; manages funds reserve and other accounts at closings. Development Draws: Works with project managers to prepare and/or review development funding draw requests; prepares and transmits line of credit drawdown and repayment requests; ensures funding receipts are deposited and/or transferred as needed to meet payment obligations for all development projects. Development‑Related Accounts Payable: Oversees the accounts payable process for development projects; ensures payment requests have proper authorization, coding, documentation and mathematical accuracy; ensures accounts payable are properly entered into the accounting system and that checks are printed, signed, and mailed. Cost Certifications: Works with development project managers and auditors to prepare cost certifications for newly constructed and rehabilitated housing projects; supports other funder requests for financial reporting as needed. Audits: Provides trial balances to CFO and auditor; reviews and analyzes capitalized costs in preparation for closings and audits; responds to development-related auditor requests. General Accounting General Ledger: Assists as necessary with routine general ledger close and account reconciliation functions. Other: Prepares other reports and duties as assigned. General accounting duties are required as needed as well. Other Duties
Participate in various agency events and initiatives as required or needed. Demonstrates cultural competence by interacting respectfully and effectively with people of all cultures, languages, classes, races, ethnic backgrounds, religions, and other diversity factors; recognizes, affirms, and values the worth of individuals, families, and community and protects and preserves the dignity of each. Other duties as assigned. Supervision
This position will not immediately have direct reports; however, over time, the role may oversee a team of approximately two. Skills, Experience, and Educational Requirements
Bachelor’s degree in accounting with a minimum of three plus years of experience in real estate development and/or construction accounting, or an associate’s degree with four years of such experience. Affordable housing real estate development experience preferred but not required. Intermediate level Excel, proficient in Word and Outlook; strong understanding of accounting principles and practices. Experience with QuickBooks required and AppFolio a plus. Ability to clearly and concisely communicate with lenders, investors, and stakeholders, both verbally and in writing. Keen attention to detail with strict adherence to deadlines and procedures. High level of integrity and dependability, including handling sensitive and confidential information. Teamwork mindset and ability to work effectively with a diverse group of people. Genuine desire to work in the real estate development affordable housing industry. Personal accountability and enthusiasm for achieving Casa Familiar’s goals. Valid California driver’s license and regular availability of an insured vehicle for travel within the San Diego County area. Additional Information
This position requires sitting at a desk or workstation, walking, standing, climbing stairs, hearing, speaking, and the ability to lift up to 25 lb.; travel to the bank and other organizational tasks may be required. A background check is required. In compliance with federal law, all persons hired will be required to verify identity and eligibility to work in the United States and to complete the required employment eligibility verification document form upon hire. This is a full-time, exempt position with occasional work responsibilities on weekends and/or evenings depending on the season calendar. Casa Familiar is an equal employment opportunity employer. Casa does not and shall not discriminate on the basis of race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws. Benefits
Medical, dental, vision, and life insurance 403(b) Retirement – Casa contributes 3% of your annual income.
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Casa Familiar (Casa) was founded in 1973 and is a 501(c)(3) community-based organization dedicated to serving residents in South San Diego County and the border community of San Ysidro.
Casa Familiar’s mission
is to enhance quality of life for low-income individuals and families through advocacy, social services, education, affordable housing, arts and culture, and community and economic development.
Casa’s values
are RESPECT, INTEGRITY, FAMILIA, CULTURE, AND COMMUNITY. Casa seeks members to employ individuals that perform all assignments with a positive “can-do” attitude while demonstrating organizational values. Ideal employees have a strong desire to support Casa Familiar’s mission and the community we serve. POSITION OVERVIEW The Senior Staff Accountant is responsible for managing the financial records of real estate projects and properties, including development, operations, and compliance. This role tracks income and expenses, prepares financial reports, reconciles bank statements, manages accounts payable and receivable, ensures regulatory compliance, and assists with budgeting, draws and forecasting. The role involves collaborating with project development and property management teams and other stakeholders within the company, overseeing day-to-day accounting functions related to real estate transactions and operations. A strong understanding of real estate development processes and property operations is beneficial. The Senior Staff Accountant manages the financial aspects of real estate development projects and ensures compliance with tax regulations and financial reporting requirements. Successful work performance requires coordinating with other departments and outside agencies. The position interfaces closely with Casa Familiar’s Executive Management, Board of Directors, Project Development, Finance, Asset and Property Management, Community Engagement teams, and staff within the company. Real Estate Portfolio & Pipeline : Casa’s housing portfolio includes affordable multi-family complexes, community facilities and commercial spaces in the southern San Diego County area. The portfolio includes large affordable housing complexes where Casa is the managing general partner and a scattered site portfolio of smaller affordable housing complexes that Casa owns. Casa also operates community facilities including office space and recreational facilities owned by the City of San Diego. Casa has a pipeline of affordable housing, community development and community infrastructure projects and is scaling capacity for growth. JOB SUMMARY The Senior Staff Accountant is responsible for all aspects of development project accounting and serves as the primary accounting liaison to the Community Development department, working closely with the team. The Senior Staff Accountant manages the financial records of the real estate properties portfolio. Essential Duties and Responsibilities
Recording all income and expenses related to properties and projects, including rent receipts, utility bills, maintenance costs, property taxes and the flow of funds for various real estate development transactions. Creating detailed journal entries and posting them to the general ledger. Maintaining accurate accounts receivable and payable records, following up on outstanding invoices, grants receivables, and vendor and funder payments. Performing bank reconciliations to ensure financial data accuracy. Preparing monthly, quarterly, and annual property financial statements for each property and the overall portfolio. Analyzing property performance by tracking key metrics like occupancy rates, rent roll, and operating expenses. Generating reports on property income and expenses, including variance analysis compared to budget. Budgeting and Forecasting
Assisting in developing annual operating budgets for each property. Monitoring actual performance against budget and providing variance explanations. Forecasting future financial performance based on market trends and occupancy projections. Compliance and Audit Support
Ensuring adherence to all relevant accounting standards and regulations. Preparing supporting documentation for internal and external audits. Assisting with tax filings related to real estate transactions. Development Cash Management: Oversees cash flow for all development project sources; reconciles development project receivables and provides monthly reports of advances to development projects and estimated repayment schedules; provides budgeted-to-actual reports for Housing Development and Board; tracks budgeted-to-actual developer fees. Closings: Performs accurate journal entries for all acquisition, construction and permanent loan closings, in coordination with project managers and escrow; manages funds reserve and other accounts at closings. Development Draws: Works with project managers to prepare and/or review development funding draw requests; prepares and transmits line of credit drawdown and repayment requests; ensures funding receipts are deposited and/or transferred as needed to meet payment obligations for all development projects. Development‑Related Accounts Payable: Oversees the accounts payable process for development projects; ensures payment requests have proper authorization, coding, documentation and mathematical accuracy; ensures accounts payable are properly entered into the accounting system and that checks are printed, signed, and mailed. Cost Certifications: Works with development project managers and auditors to prepare cost certifications for newly constructed and rehabilitated housing projects; supports other funder requests for financial reporting as needed. Audits: Provides trial balances to CFO and auditor; reviews and analyzes capitalized costs in preparation for closings and audits; responds to development-related auditor requests. General Accounting General Ledger: Assists as necessary with routine general ledger close and account reconciliation functions. Other: Prepares other reports and duties as assigned. General accounting duties are required as needed as well. Other Duties
Participate in various agency events and initiatives as required or needed. Demonstrates cultural competence by interacting respectfully and effectively with people of all cultures, languages, classes, races, ethnic backgrounds, religions, and other diversity factors; recognizes, affirms, and values the worth of individuals, families, and community and protects and preserves the dignity of each. Other duties as assigned. Supervision
This position will not immediately have direct reports; however, over time, the role may oversee a team of approximately two. Skills, Experience, and Educational Requirements
Bachelor’s degree in accounting with a minimum of three plus years of experience in real estate development and/or construction accounting, or an associate’s degree with four years of such experience. Affordable housing real estate development experience preferred but not required. Intermediate level Excel, proficient in Word and Outlook; strong understanding of accounting principles and practices. Experience with QuickBooks required and AppFolio a plus. Ability to clearly and concisely communicate with lenders, investors, and stakeholders, both verbally and in writing. Keen attention to detail with strict adherence to deadlines and procedures. High level of integrity and dependability, including handling sensitive and confidential information. Teamwork mindset and ability to work effectively with a diverse group of people. Genuine desire to work in the real estate development affordable housing industry. Personal accountability and enthusiasm for achieving Casa Familiar’s goals. Valid California driver’s license and regular availability of an insured vehicle for travel within the San Diego County area. Additional Information
This position requires sitting at a desk or workstation, walking, standing, climbing stairs, hearing, speaking, and the ability to lift up to 25 lb.; travel to the bank and other organizational tasks may be required. A background check is required. In compliance with federal law, all persons hired will be required to verify identity and eligibility to work in the United States and to complete the required employment eligibility verification document form upon hire. This is a full-time, exempt position with occasional work responsibilities on weekends and/or evenings depending on the season calendar. Casa Familiar is an equal employment opportunity employer. Casa does not and shall not discriminate on the basis of race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws. Benefits
Medical, dental, vision, and life insurance 403(b) Retirement – Casa contributes 3% of your annual income.
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