Multifamily Financial Manager

3 days ago


Raleigh, North Carolina, United States ARC Multifamily Group, LLC Full time
Job Summary

ARC Multifamily Group, LLC is seeking a highly skilled and detail-oriented Multifamily Controller to oversee the financial operations of our multifamily portfolio. The ideal candidate will have experience in multifamily property accounting and a strong understanding of real estate financial operations.

Key Responsibilities
  • Manage all accounting operations, including billing, accounts receivable, accounts payable, general ledger, and counsel.
  • Prepare and publish timely monthly financial statements.
  • Coordinate the preparation of regulatory reporting.
  • Research technical accounting issues for compliance.
  • Support the month-end and year-end close process.
  • Ensure quality control over financial transactions and financial reporting.
  • Manage and comply with local, state, and federal government reporting requirements and tax filings.
  • Work closely with applicable personnel, including community managers and the COO, to ensure accuracy of financial reporting and budgets.
  • Complete a successful management of all accounting, financial, cash management, risk management, and information systems, including cash flow projections.
  • Maintain escrow analyses.
  • Manage accounts payable functions, including issuing checks, setting up wire/ACH payments, maintaining vendor files, and assisting with vendor inquiries.
  • Prepare operating and tax expense reconciliations (true-ups) as required per governing documents.
  • Ensure records are being maintained timely, accurately, and in compliance with GAAP or other basis of accounting.
  • Perform month-end close procedures, including preparation and review of account reconciliations for complex accounting areas.
  • General ledger review and analysis.
  • Assist in the annual budgeting preparation process.
  • Prepare information for various audits as needed.
  • Prepare and analyze monthly/quarterly financial statements and supporting schedules, working closely with property teams to ensure accuracy.
  • Prepare quarterly debt compliance, if applicable, including compliance certificates and supporting documentation in accordance with loan documents.
  • Assist in the setup of new projects with guidance from the COO, including setting up properties in Entrata, opening bank accounts, and assisting with acquisition accounting schedules/entries (prorations schedules).
  • Carry out proper procedures to ensure internal controls are being met.
  • Continuously seek to mitigate risks, control costs, and cash resources at all times to meet organizational obligations.
  • Prepare tax projections and tax preparation workpapers.
Requirements
  • Experience with RealPage software.
  • Experience in the multifamily industry or a similar industry.
  • Proven working experience as a Controller or Assistant Controller.
  • 5+ years of combined accounting and finance experience.
  • Degree in Accounting or Finance preferred.
  • CPA or CMA preferred.
  • Thorough knowledge of accounting principles and procedures.
  • Experience with creating financial statements.
  • Excellent accounting software user and administration skills.
  • Experience with general ledger functions and the month-end/year-end close process.


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