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Head of Project Accounting

2 months ago

New Albany, Ohio, United States Wallick Communities Full time

Wallick Mission:
Opening doors to homes, opportunity, and hope.

Wallick Values:
Our Values flow directly from our Mission and set the expectation for how all associates work together.

Core Values:
Care
Character
Collaboration

Position Overview:
This role involves evaluating the financial health of ongoing projects by scrutinizing data and suggesting actionable strategies. The individual will also oversee and guide the development financial analyst team.

Required Qualifications:
A bachelor’s degree or an equivalent combination of education and experience is necessary.
Proficiency in construction and affordable/senior living development processes and accounting is essential.
Familiarity with partnership/LLC structures, equity ownership, and fund accounting/modeling is required.
Understanding of various debt structures, modeling, and documentation is crucial.
Intermediate knowledge of accounting principles and IRS Section 42 is expected.
Basic understanding of laws and regulations governing public housing is beneficial.
Proficiency in computer operations is mandatory.
Familiarity with automated accounting software and Microsoft Office is required.
Advanced Excel skills are essential, with a strong ability to analyze financial reports and accounting data.
Effective communication skills to address inquiries from properties and colleagues are necessary.
Ability to present information clearly to various departments is required.
Must demonstrate advanced mathematical capabilities.

Licenses/Certifications:
Not applicable.

Key Responsibilities:
- Oversee the accounting for each project in development/construction.
- Assess financial performance of projects under development, providing insights and recommendations.

Focus Areas Include:
- Monitoring basis, deferred fees, adjusters, etc.
- Completing cost certifications, 10% carryover allocations, 8609s, and construction draws.
- Ensuring timely receipt of funds for monthly draw packages.
- Reviewing financial models for development projects.
- Assisting in property audits and tax return preparations, focusing on fixed assets and credit delivery.
- Supporting the forecasting of Development and Construction revenue.
- Identifying process improvements and implementing changes.
- Managing and developing the Construction and Development Accountant.
- Performing additional related duties as assigned.

Leadership Competencies:
- Leading the Organization: Managing change, problem-solving, influencing others, risk-taking, setting vision and strategy, managing work, enhancing business skills, navigating the organization.
- Leading Self: Demonstrating ethics, displaying drive, increasing learning capacity, managing oneself, enhancing self-awareness, developing adaptability.
- Leading Others: Communicating effectively, developing team members, valuing diversity, building relationships, managing effective teams.

Job Competencies:
- Time Management: Effectively organizing and managing multiple priorities.
- Communication: Conveying information clearly and concisely to senior leadership and groups.
- Organization: Coordinating resources to accomplish tasks efficiently.
- Managing and Measuring Work: Assigning responsibilities, setting objectives, and monitoring progress.
- Coaching: Developing team members and fostering excellence.
- Financial Understanding: Comprehending cost control, NOI, and budgets.
- Adaptability: Being open to various assignments and locations.
- Problem Analysis: Identifying improvement areas and prioritizing responses.
- Detail Orientation: Attending to details to minimize errors.

Physical Demands:

This position requires general office work, including sitting and standing, with manual dexterity for computer tasks. Walking, talking, seeing, and hearing are also necessary.


Work Environment:
The majority of work will be performed indoors, with some outdoor tasks at various communities. Indoor working conditions will be in an office setting or home office.