Summary

 

Reporting to an Assistant Controller, this position will be responsible for a portfolio of projects in various phases of predevelopment and construction.  This will include supervision of projects handled by Staff Accountants and independent completion of complex development project tasks. This position will also provide support to the accounting managers on the team performing review of reconciliations and focusing on special projects.

 

This position works closely with project managers and requires a working knowledge of construction

deals and financing from a GAAP perspective. This role requires oversight and review of other accountants’ work. The position will also be an active participant in meetings/trainings. This position has significant knowledge of the industry, is able to understand the big picture within BRIDGE, and is able to provide direction on very complicated development projects. 

 

This position requires advanced technical accounting skills, with a desire to continually show interest in learning and applying changes in the industry to their work. Just as important is the ability to collaborate and communicate effectively both orally and in writing. 

 

Responsibilities

SUPERVISION, LEADERSHIP, AND ANALYSIS

Supervises the work of team members, including, but not limited toCash journal entriesCash reconciliationConstruction drawsPerform analytic reviews of entries, reconciliations and draws, flagging areas of potential current or future issuesReview entity reconciliations and provide guidance to staff accountants on proper completionIdentify opportunities for efficiencies within the team, including automating spreadsheets, and streamlining processes 

FINANCIAL STATEMENTS

Researches issues independently by consulting appropriate departments or documents in order to properly record an accounting entry for construction close and/or more complicated projectsPerforms sources and uses/cash analysis prior to and post perm loan conversionWorks through deadlines involved in construction loan closingPrepare a catch all costs closing draw for construction loan closingRecord closing statement and research issues with DevelopmentAssists development and property management accounting during perm loan conversion processAllocates costs to different project phases for master plan community projects or within different project components, such as residential and commercial propertiesHas ability to analyze reconciliations to identify issues and action items and take the initiatives to resolve such itemsProduces quality, accurate and timely monthly financial statements by preparing GAAP monthly journal entries and account reconciliationsReviews and approves accounts payable entries entered by accounts payable clerkReviews and approves journal entries prepared by other development accountantsSupervises development staff accountants on fixed asset capitalization entry after cost auditLeading internal and external communications during construction financing close 

EXTERNAL AUDITORS

Prepares and submits detailed financial statement audit packages annually for pre‐constructionResponsible for addressing all open itemsPrepares and submits workbooks and audit packages for a cost audit during the construction completion phaseTakes initiatives to manage the cost audit process, including but not limited to following up

with the auditor, the project manager, and the financial consultant to ensure the audit moves

along as outlined in the audit timeline

 

CONSTRUCTION DRAWS

Monthly completion of draws for external and internal funding, including projects with multiple

funding sources

Sets up draw budgets with project manager, including sources and uses and budget category

mapping

Reviews draft draws and reconciliations prepared by other development accountants for

assigned projects

   

TRAINING AND INDUSTRY KNOWLEDGE

Assists in new process formation and documentationEffective trainer of new staff; ability to answer questions and train staff accountantsDocuments training programs for onboarding positionsDemonstrates ability to learn new accounting standards and share with the rest of the teamEngages team members in project and demonstrates leadership 

SPECIALIZED REPORTING AND AD HOC PROJECTS

Able to understand big picture within industry and BRIDGEDevelops and submits ad hoc reporting as needed to external entitiesPerforms various projects and analysis as requiredPrepares monthly and quarterly financial and draw reporting  

COMMUNICATION AND PROCESS IMPROVEMENT

Continuously looking for ways to streamline the monthly draw and close process while ensuring

quality and accuracy of the financial statements

Actively participates in meetings and leads some meeting discussionsCommunicates effectively with development, investors, lenders, development partners, and external agencies

 

 

Qualifications

 

3-5 Years of experience in accounting fieldBachelor’s degree in Accounting or equivalentAbility to autonomously handle daily responsibilities and projects with minimal direction.Ability to effectively train and coach staff level accountant(s).Ability to assimilate a variety of information from diverse individualsAbility to improve existing processes and systems.Excellent written, oral and presentation skills.Must be accurate, organized, and highly detail-oriented with the ability to multi-task and follow-through on all projectsAbility to work collaboratively with different levels of staff and management.Ability to work under pressure and successfully meet deadlines.Excellent decision-making, interpersonal and time management skills.Ability to work harmoniously in a multi-cultural team.

 

Preferred Qualifications

 

Experience with YardiPrior affordable housing finance and development experienceConstruction accounting experience

 

BRIDGE Housing is an Equal Opportunity Employer committed to fostering an inclusive environment for our diverse workforce. We do not discriminate on the basis of race, religion, color, national origin, gender identity, sexual orientation, age, marital status, veteran status, or disability. Pursuant to applicable state and local regulations, we will consider qualified applicants with arrest records.