Senior Accountant Job at Sand Hill Property Company in Palo Alto

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Pay found in job post

Retrieved from the description.

Base pay range

$110,000.00/yr - $120,000.00/yr

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Controller at Sand Hill Property Company

Our Company:

Sand Hill Property Company specializes in the real estate industry and manages commercial and multifamily real estate properties in Silicon Valley and the San Francisco Peninsula Area throughout their life cycle, including acquisition, development, financing, operations and sales, as applicable. The company has a proven track record of executing successful value-add retail, mixed-use, office, multifamily and hotel properties in these markets. Founded in 1988 by Peter and Susanna Pau, the company has developed more than 40 projects encompassing 14 million square feet throughout the Silicon Valley. The Company has both assets that it holds directly and also investments made through joint venture partnerships with institutional investors. More information on the Company can be found at https://www.shpco.com/.

Job Description:

The finance and accounting department is one of the most crucial departments to ensure the success of any business organization. The Senior Accountant will be reporting to Assistant Controller and Controller and will be responsible for day-to-day operations and various other responsibilities as part of the accounting team.

The Senior Accountant is expected to be a confident, dynamic, and sophisticated professional with an understanding of real estate accounting, and operating in real estate accounting systems, internal controls, financial reporting, risk management, and a demonstrated track record of value creation.

Primary Duties & Responsibilities:

Monthly close

• Preparation of monthly reporting packages for the assigned properties, including the following:
• Bank Reconciliations for each of the bank accounts
• Cash Balance Reports
• Roll Forwards and Closing Support schedules for each Account with activity and balances on the balance sheet of the properties, including prepaid insurance and tax, CIP, loan, equity, etc.
• Revenue, percentage rent, and other income
• Management fee calculations in the system
• Trial Balance and Flux analysis
• Closing Yardi entries, and elimination entries

External reporting:

• Monthly investor reporting: cash reporting, hotel operations financial reporting (as required)
• Quarterly investor reporting, including preparation of financial reporting templates, debt reporting templates, and Asset Management reporting.
• Monthly, quarterly, annual lender reporting
• Currently one combined and consolidated set of audited financial statements
• Provide PBC items to auditors and assist in answering any questions
• Review budgets prepared by Asset Management & Property Management teams

Cash management

• Initiate account transfers
• Cash projection for quarterly distributions / monthly capital calls
• Prepare journal entries to record capital call funding

AP

• Review invoices for processing
• Assist with upcoming projects, including but not limited to Yardi projects, Financial Reporting and Monthly close improvement projects, such as automation of relevant schedules

Compensation:

• $110-120k/year
• Employee will also be eligible to participate in the firm’s benefits program which includes health insurance options, a 401k plan, and other benefits

Seniority level

• Mid-Senior level

Employment type

• Full-time

Job function

• Accounting/Auditing and Finance

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