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Multi Family Comptroller

Company: Hunigton Residential, Inc.
Location: Houston
Posted on: May 16, 2022

Job Description:

Job Description HUNTINGTON PROPERTIES, INC . a well-established and growing West Lake area in Austin-based full-service commercial real estate firm, has an opportunity for an energetic, self-directed, motivated, organized, multi-tasking and experienced Multi-Family Comptroller. You will be responsible for preparing and analyzing financial records for our company. This is a great opportunity to work with a fantastic group of business professionals. Accounting Certification not required and Yardi & Entrata experience is a plus. Responsibilities: Prepare and examine accounting records, financial statements, taxes, and other financial reports Develop and analyze reporting for business operations and budgets Perform audits, ensuring adherence to standard requirements Create new processes to improve financial efficiency Report analysis and findings to management team The new Multi-Family Comptroller will be a KEY TEAM MEMBER of a high energy management team participating in strategic growth decisions with significant autonomy as the leader of all the Firm---s Accounting function of a rapidly growing, exciting Commercial Real Estate firm with a multitude of opportunities to help drive the Firm---s direction and growth as a Trusted Business Advisor to the Founder and Senior Management Team Record general journal entries for all property acquisitions, new developments and dispositions Prepare quarterly investor distributions and financial updates for investors as needed Prepare and maintain monthly cash reconciliations Manage all banking functions for corporate and property accounts Serve as the liaison with lenders Complete biweekly payroll allocations and posting to budgets Facilitate the preparation of audits Facilitate and review the preparation of all federal, state tax files for our CPA Prepared quarterly loan compliance reports Work with our attorney to set up new entities Maintain a database of all entity documents and all documents and files related to entity Submit construction draws and process once funded Track the location, accounts, purpose and balance of all bank accounts and prove biweekly updates on available balances Act as liaison with HUD processor for loan (most are not HUD) During periods of due diligence, take the lead for all financial requests Execute wires and maintain security of wires Lead on all accounts payable Oversee the creation of new bank accounts and track use Track all equity participation on each project Oversee budgets and alert department head when there is a variance and or the need to reforecast Track all insurance policies POSITION DUTIES: Reporting directly to the Founder, a highly successful Houston CRE Veteran who is well connected to the Houston business & civic communities and working closely with others on the Firm---s Management Team, all high-caliber Commercial Real Estate (CRE) Industry Executives, the Multi-Family Property Accountant duties are as follows: OVERALL -Oversee the daily accounting and financial reporting functions in addition to various other aspects of the Firm---s Accounting & Reporting Function for the Retail and Multifamily Segments, including cash management, assisting with multiple external audits and special projects, noted in the below duties. MONTHLY CLOSE (MOSTLY MULTIPLE LOW VOLUME ENTITIES) - Participate in and supervising the monthly closing of multiple sets of companies using QuickBooks (Enterprise 16). 40 sets of books entities/partnerships currently, all in the US. BANK ACCOUNTS - Maintain global bank account access, including initiating opening/closing accounts, as necessary. Review bank account analysis and assist in maintaining low expenses. Managing & Monitoring Cash Balances. Review bank reconciliations. 80 Bank Accounts currently. INTERCOMPANY - Reconcile Intercompany Accounts on a quarterly basis. FINANCIAL ANALYSIS --- Perform monthly analytical review on the balance sheets and income statements and explain significant fluctuations. MANAGEMENT REPORTING - Assist in preparing monthly reporting packages - including updating the Development Segment Excel spreadsheet tracking all projects for the Founder - to the Management Team and operations personnel. FINANCIAL REPORTING (QUARTERLY) --- Provide quarterly P&L Statements to the outside CPA for their review with the Founder and Management Team. CASH FORECASTING - Prepare cash flow forecasts and funding availability. DISBURSEMENTS - Initiate Electronic Payments (domestic/international ACH and wire transfers). EQUITY ACCOUNTS - Audit equity accounts. STATUTORY COMPLIANCE - Assist with maintaining the required reporting and payments of all entities (some registered in Texas, some in Delaware). CLOSING DOCUMENTS - Review real estate closing documents. INVESTOR & BANK RELATIONS - Interface with investors and banks as required. PAYROLL & BENEFITS - Outsourced to a 3rd Party Provider - oversee as assigned by the Founder. FOUNDER PERSONAL FINANCES --- Assist the Founder with personal accounting and financial matters as assigned and as needed. CONTROLS - Assist in maintaining clear controls for safety of all banking items and investors--- privacy. INTERNAL SUPPORT - Interface with team members, as necessary. SPECIAL PROJECTS - Serve on special projects as directed by the Founder in fulfilling accounting and tax duties. TAXES - Provide all year-end Financial Statements to outside CPA firm for tax returns and Form K-1s with expected distribution to investors by Mar 31 on an annual basis. Provide advice or research on tax related issues as they arise. EXTERNAL AUDIT & TAX ASSISTANCE - Work with the Firm---s external audit and tax firms and provide PBC schedules and other documentation as required by Audit & Tax deadlines. OTHER - Assist with a variety of accounting matters on an as needed basis. MANAGERIAL & SUPERVISORY --- Assisted as needed with 4 in Accounting who are shared with others on the Management Team depending on the needs in their respective Segments --- 2 Accountants, 1 Property Accountant and 1 Accounts Payable Specialist --- while supervising, evaluating, and improving the accounting, finance, IT, and administrative functions to remedy current issues and determine future personnel and resource needs. LEADERSHIP - Providing leadership towards additional value-added activities, which Corporate Accounting can provide in support of operational and departmental improvement and excellence while fostering teamwork between the finance, accounting, and operation functions. COMPENSATION & BENEFITS: BASE SALARY (ANNUALIZED): In the $70,000, commensurate with Qualifications below BONUS AWARDS: 15%, based upon Firm and individual Targets; paid annually 401(K) PLAN - Matched by the Firm Firm subsidized Medical, Dental & Vision At least 2 weeks of Firm-paid vacation initially in addition to customary US Holidays Reimbursement of all necessary and approved CPA Et Al and CPE expenses Free Covered Parking & Business Casual/Appropriate Dress M-TH; JEANS on Friday No specific COVID Policy currently and no WFH anticipated QUALIFICATIONS: QuickBooks Experience Advanced Excel Skills Yardi and Entrata experience is a plus 3 years of experience in financial management with increasing responsibilities for multi-faceted direction and planning. Experience with managing multiple projects at one time is required. Requires a solid Fundamental knowledge of Generally Accepted Accounting Principles (GAAP) and accounting pronouncements Must possess strengths in verbal and written communications; able to adapt communications/presentations and deliver clear and concise reports and analysis to senior management Previous experience in accounting or other related fields Experience with current computer accounting programs and reporting tools Detail and deadline-oriented Strong analytical and problem solving skills We are an Equal Opportunity Employer and look forward to having you on our team, please apply here and visit us at www.hpiproperties.com

Keywords: Hunigton Residential, Inc., Houston , Multi Family Comptroller, Accounting, Auditing , Houston, Texas

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