CV Resources
Senior Accountant
CV Resources is hiring for a Senior Accountant to join our client in the real estate industry.
Location: San Ramon, CA | Salary: $80,000.00 - $100,000.00
Responsibilities
Monthly accounting close process including recordation of monthly operational activity
Monthly preparation of schedules to support the balance sheet and income recordation
Record monthly rental income, ancillary income, and reconcile cash receipts
Prepare monthly bank reconciliations
Record and amortize prepaid items such as insurance, loan fees and deferred income
Maintain fixed assets, calculate, and record monthly depreciation and amortization expense
Reconcile security deposits to the subsidiary ledger monthly
Accrue all property taxes, which includes understanding how property taxes are calculated
Record debt service monthly, including principal amortization, interest expense, escrow accounts
Understand how to analyze and record bad debt expenses and prepaid rent
Record monthly accrued liabilities, including utility expenses, debt service, etc.
Record management fee expenses, asset management fees, and other G&A expenses monthly
Work with Asset Managers for proper capitalization of fixed assets and operational expenses
Conduct monthly comparison of income and expenses to budget with follow-up and explanations for significant variances
Complete analysis of financial data and assist with ad hoc projects
Prepare monthly financial statement reporting for management and investors
Execute monthly forecasting of income, expenses, and cash flow analysis
Perform a quarterly consolidation or compilation of financial data
Provide accounting support for specific funds
Assist in the preparation of the annual budget
Coordinate and prepare work papers provided to auditors annually
Education and Experience
Bachelor’s degree required in accounting or related area of study with a minor or concentration in accounting
A minimum of four years of experience in accounting or finance roles, preferably in multifamily property management or commercial real estate environment
Understands internal controls for real estate operations and accounting
Understands financial reporting and the significance of each financial statement
Understands accounting and reporting to investors in funds
Strong knowledge of GAAP, modified cash basis, and cash basis accounting
Experience in both the private and public accounting sectors is preferred but not required
Experience reading and interpreting partnership agreements, promotes/waterfalls, and debt agreements
Seniority level: Mid-Senior level
Employment type: Full-time
Job function: Accounting/Auditing
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Location: San Ramon, CA | Salary: $80,000.00 - $100,000.00
Responsibilities
Monthly accounting close process including recordation of monthly operational activity
Monthly preparation of schedules to support the balance sheet and income recordation
Record monthly rental income, ancillary income, and reconcile cash receipts
Prepare monthly bank reconciliations
Record and amortize prepaid items such as insurance, loan fees and deferred income
Maintain fixed assets, calculate, and record monthly depreciation and amortization expense
Reconcile security deposits to the subsidiary ledger monthly
Accrue all property taxes, which includes understanding how property taxes are calculated
Record debt service monthly, including principal amortization, interest expense, escrow accounts
Understand how to analyze and record bad debt expenses and prepaid rent
Record monthly accrued liabilities, including utility expenses, debt service, etc.
Record management fee expenses, asset management fees, and other G&A expenses monthly
Work with Asset Managers for proper capitalization of fixed assets and operational expenses
Conduct monthly comparison of income and expenses to budget with follow-up and explanations for significant variances
Complete analysis of financial data and assist with ad hoc projects
Prepare monthly financial statement reporting for management and investors
Execute monthly forecasting of income, expenses, and cash flow analysis
Perform a quarterly consolidation or compilation of financial data
Provide accounting support for specific funds
Assist in the preparation of the annual budget
Coordinate and prepare work papers provided to auditors annually
Education and Experience
Bachelor’s degree required in accounting or related area of study with a minor or concentration in accounting
A minimum of four years of experience in accounting or finance roles, preferably in multifamily property management or commercial real estate environment
Understands internal controls for real estate operations and accounting
Understands financial reporting and the significance of each financial statement
Understands accounting and reporting to investors in funds
Strong knowledge of GAAP, modified cash basis, and cash basis accounting
Experience in both the private and public accounting sectors is preferred but not required
Experience reading and interpreting partnership agreements, promotes/waterfalls, and debt agreements
Seniority level: Mid-Senior level
Employment type: Full-time
Job function: Accounting/Auditing
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