Senior Accountant

Senior Accountant – Los Angeles, CA

The Senior Accountant is responsible for partnerships and investments assigned. This includes the general day-to-day maintenance relating to the assigned partnerships and investments. Responsibilities include: accretion calculations, monthly accruals, repetitive payments, quarterly reporting, cash projections, monitoring of agreements and reporting. This individual will play an important part in designing and implementing ongoing procedural changes and automation initiatives, in a fast paced environment characterized by strict adherence to tight deadlines and dedication to quality control in all aspects of the process.

Direct Reports: Staff Accountant

Essential Duties and Responsibilities

Loan Accounting

Experience in accounting for mortgage and/or commercial loan assets preferred; including interest accrual methodology, fair value. Prior experience in accounting for REO assets helpful

Will need to frequently interface with operations to identify when hold/disposition assumptions have changed and accretion adjustments are required

Track book versus tax differences

Strong interpersonal skills and the ability to communicate with all levels of management

Experience with financial Reporting systems (Cognos, Business Objects) and tools highly desirable

Strong knowledge of GAAP

Read and understand Partnership Agreements

Consolidation/Elimination entries

Manage monthly expense accruals and payments

Monthly and quarterly investor reporting, including any required reporting to JV partners

Manage any necessary audits or reviews

Cash Management

• Review daily cash balance report
• Calculate capital calls and distributions
• Process deal fundings
• Maintain cash projections

Investment Responsibilities

• Investment's capitalization
• Understand deal structure
• Read and understand all related agreements/documentation relating to the investment
• Periodic review of investment performance and Company's intent against underwriting
• Track 3rd party debt

Other Responsibilities

• Monthly management report
• Supervise staff
• Invoice coding for A/P department
• Approval of staff journal entries

Investor Requests

Other projects as required

Qualifications

• Bachelor's Degree in Accounting preferred
• 4-6 years of public and/or loan accounting
• CPA preferred

Skills and Attributes

• Self starter
• Excellent oral and written communication skills
• Highly organized / detail oriented
• Ability to multi-task

Proficient with MS Word and Excel

• Effective team member
• Ability to delegate work to staff accountants
• Ability to work in high paced and dynamic environment
• We are seeking qualified candidates available to start immediately.
• All your information will be kept confidential according to EEO guidelines.