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Local Capital Group

Sr. Project Accountant (Future Controller)

Salary
Competitive
Employment
Full Time
Real Estate Field
  • Accounting / Control
Location
San Francisco East Bay - Alameda
Region
CA
Postal Code
94501
Country
United States

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Description


JOB SUMMARY
 
 
 
 
Local Capital Group is a diversified Real Estate Development, Operating and Investment Company seeking an experienced and entrepreneurial Project Accountant to join our fast-growing commercial business. This position will be primarily responsible for oversight of the accounting operations of our commercial real estate portfolio, which includes 60 buildings, 100+ tenants, and over 3.5 million square feet Alameda, Fremont, Milpitas, San Jose and Santa Clara. The accounting functions of the portfolio are predominantly outsourced to a third-party vendor, so the position requires proactive oversight and approval of the vendor’s product work as well as proactive management of our institutional capital partner’s portfolio analyst relationship. This is a great opportunity for a candidate with 4-6 years of professional accounting experience to join an exciting, growth-oriented business, demonstrate their leadership qualities in Accounting and potentially grow with the company into a Controller level position.
 
 
 
 
Local Capital Group can offer above market total compensation for this position including salary, benefits and incentive compensation (e.g. bonus, promote interest). If you are tired of just calculating promote for Acquisitions/Development, this may be the opportunity for you.
 
 
 
 
DUTIES AND RESPONSIBILITIES:
 
 
 
Responsible for accuracy and timely delivery of JV partners’ monthly financial reporting package for all commercial asset portfolios: executive summary, balance sheet, comparative income statement, variance analysis (opex and capex)
Generate and own annual budgets and reforecasting of budgets, including projection of revenues, capital projects and leasing and review of opex projections
Ownership of capital funding process for capex and leasing with JV partner property analyst including monitoring lender reserve balances and disbursement requests
Oversight of all commercial assets’ Gross Receipts, updates to Rent Rolls, Construction Management and Property Management fee calculations
Review/approval of annual CAM estimate preparation including any amortization and fixed asset schedule adjustments
Maintenance of commercial project construction budgets, progress billing data input into Honest Buildings (third party software for Construction Management)
Lead implementation of any relevant accounting technology related to in-house accounting required of new acquisitions. Expect this area to grow in responsibility and to ultimately own the accounting function.
Participate in new Acquisitions from a business and compensation perspective
 
If you can gain the confidence of the Team, you may have the ability to work from home 1-2 days per week
 
 
 
REQUIRED SKILLS:
 
 
 
Conscientious about timeliness of assignments and quality of work product
Excellent verbal and written communication skills, including the ability to prepare and meticulously review financial reports appropriate for various organizational levels and customers
Organize and prioritize tasks and work with minimal direction
Exceptional work ethic, goal oriented and capable of functioning in an entrepreneurial setting
 
WORK EXPERIENCE AND EDUCATION:
 
 
 
Minimum of 4 years of public or private experience working in accounting or finance
Experience should include working within a real estate firm or an accounting firm that directly services real estate firms
Major (Big 4) accounting firm experience preferred
REIT or private equity firm accounting experience preferred
Bachelor’s Degree in Accounting or Finance
Bachelor’s Degree in related field acceptable with professional certification or equivalent experience in Accounting or Finance
Demonstrated knowledge of commercial real estate property accounting is a must
Knowledge of real estate project accounting or property management accounting software preferred: e.g. Kardin, Yardi, MRI
Strong experience in Microsoft Excel
 

Job Functions


  • Accounting / Control
  • Finance
 

Job Sectors


  • Industrial
  • Office
 

Experience


5+ to 7 years


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