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.
Job details are sourced from the employer's original posting.
Open job postingAbout the company
BASIC JOB RESPONSIBILITIES: This is a global management consulting firm and the world’s leading advisor on business strategy. We partner with clients from the private, public, and not-for-profit sectors in all regions to identify their highest value opportunities, address their most critical challenges, and transform their enterprises. They was founded in 1963 and is a privately owned firm with more than 7,000 employees across 81 offices in 45 countries. Integrity, respect for the individual, delivering value, and making an impact on society are just some of the core values. Their commitment to both our clients' success and our own standards is what sets them apart as a world-class professional services organization. Start your career at a company that is consistently ranked as the leader in its field, and is acknowledged as one of the best places to work.