Summary 

Reporting to an Accounting Manager, this position will be responsible for handling predevelopment and construction phases of the new construction projects, acquisition and rehabilitation projects and a portion of the portfolio for properties that are going through reorganization, refinancing, litigation, major repairs, and/or resyndication. This person performs day‐to‐day general ledger accounting activities, monthly reconciliation process and month‐end close draw process. This position works closely with project managers and requires a working knowledge of construction deals and financing from a GAAP perspective. This position requires a highly detail‐oriented individual with good written and oral presentation capacities.  The role is in an active office environment and must help build a strong accounting team.

Responsibilities

Financial Statements 

Produces quality, accurate and timely monthly financial statements by preparing GAAP monthly journal entries and account reconciliations. 

Entries include:

Reconcile and amortize prepaids Expense accruals Debt reconciliations and interest accruals o Insurance claim reconciliation Capitalize fixed assets o Reconcile and record draw funding oCategorize and record general contractor pay applications Non‐affiliated developer fee payments Non‐affiliated partner equity accruals Cash receipts o Accounts payable reconciliation  Reserve‐in‐transit reconciliation Construction loan closing entriesRecords bank reconciliations monthly Reviews and approves accounts payable entries entered by accounts payable clerk  Executes accurate and timely electronic approval packages for book transfers and wire transfers for draw funding, payments to vendors, capital contributions, intercompany lending repayments, and transactions between projects Prepares payment requests and backup documentation for urgent or non‐routine payment requests from development    Records and reconciles construction draw activities, including general contractor retention accrual  Maintains all project financial files and statements and provides to auditors, investors, lenders, development partners, and external agencies as required

External Auditors

Prepares and submits detailed financial statement audit packages annually for pre‐construction and construction period projects Responsible for addressing all open items under manager’s guidance Prepares and submits workbooks and audit packages for a cost audit during the construction completion phase

Construction Draws 

Monthly completion of draws for external and internal funding, including projects with multiple funding sources Sets up draw budgets with project manager under accounting manager’s guidance, including sources and uses and budget category mapping

Specialized Reporting and AD HOC Projects

 Assists in preparing and submitting ad hoc reporting as needed to external entities   Performs various projects and analysis as required   Prepares monthly and quarterly financial and draw reporting for the senior management group and the board 

-Construction project report 

-Pre‐development draw summary report 

-Hard cost construction progress report 

-Intercompany lending analysis 

-Placed‐in‐service package due date report

Communication and Process Improvement

Communicates effectively with development, investors, lenders, development partners, and external agencies  Actively participates in meetings Continuously looking for ways to streamline the draw and monthly close process while ensuring quality and accuracy of the financial statements

Qualifications 

Bachelor’s degree in Accounting or Business  Strong analytical, organizational and problem‐solving skills Proven proficiency with computer skills including Excel Working knowledge of GAAP Accounting software experience Strong written and oral presentation capability Demonstrated ability to work efficiently under manager’s supervision to meet time sensitive deadlines  Ability to work harmoniously in a multi‐cultural team

Preferred Qualifications 

Experience with Yardi Prior low‐income housing finance and development experience Relevant development accounting work experience  Construction development accounting

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.