Accountant, Housing Development
Finance | Los Angeles, CA | Full Time
Founded in 2004, Brilliant Corners provides innovative housing and housing-related services to California’s most vulnerable individuals, with an emphasis on those transitioning from, or at risk of, homelessness or institutionalization. We develop, own and manage multi-family supportive housing and licensed residential care homes, and implement a broad array of scattered-site, one-on-one supportive housing and clinical case management programs through partnerships with the developmental services, homeless services, veterans’ services and health care sectors.
In short, we do good work.
With primary offices in San Francisco and Los Angeles, we currently employ 150 staff and are growing daily. We’re looking for inspired, talented people who want to be part of a team affecting profound change and having fun doing it.
This position is responsible for all aspects of development project accounting and is the primary accounting liaison to the Housing Development department, working closely with the Director of Housing Development and project managers. The position is responsible for preparation and maintenance of development sources and uses spreadsheets; initial set-up and monthly and annual reconciliation of the development general ledger accounts; oversight of development project invoicing, draws, and payables; oversight and recordation of loan and escrow closings; and cost certifications and audit prep. Advises Housing Development department on investor, lender, and audit compliance. Advises Controller on development accounting and financial performance. Works closely with Property Accountant(s) and Property Management department as real estate development projects transition to operations.
Development Cash Management: Oversees cash flow for all development project sources. Reconciles development project receivables and provides monthly report of advances to development projects and estimated repayment schedules. Provides budgeted-to-actual reports for Housing Development and Board. Tracks budgeted-to-actual developer fees.
Closings: Performs accurate journal entries for all acquisition, construction and permanent loan closings, in coordination with project managers and escrow. Funds reserve and other accounts at closings.
Development Draws: Works with project managers to prepare and/or review development
funding draw requests. Prepares and transmits line of credit drawdown and repayment requests.
Ensures funding receipts are deposited and/or transferred as needed to meet the payment
obligations for all development projects.
Development‐Related Accounts Payable: Oversees the accounts payable process for
development projects. Determines payment requests have proper authorization, coding,
documentation and mathematical accuracy. Ensures accounts payable are properly entered into the accounting system and that checks are printed, signed, and mailed.
Cost Certifications: Works with development project managers and auditors to prepare cost
certifications for newly constructed and rehabilitated housing projects. Supports other funder requests for financial reporting as needed.
Line of Credit: Oversees use of Line of Credit for short-term float of real estate development expenses.
Audits: Provides trial balances to Controller and auditor. Reviews and analyzes capitalized costs in preparation for closings and audits. Responds to development-related auditor requests.
General Accounting General Ledger: Assists as necessary with routine general ledger close and account reconciliation functions.
Other: Prepares other reports and duties as assigned.
You love a good puzzle. You bring a problem-solving orientation to your work and won’t rest until the questions are answered.
You pride yourself on sweating the small stuff. You need that spreadsheet to balance!
You like making things better. You’re not content with doing things the way they’ve always been done if there’s a better way to do it. You have a knack for strengthening processes to improve quality and efficiency.
You can juggle, at least figuratively. You’re known as someone who gets things done quickly and calmly. You can handle many responsibilities at once and you instinctively discern between what’s important and what’s urgent. Things don’t fall through the cracks.
You thrive in an entrepreneurial environment. You’re resourceful and at ease with ambiguity and rapid change. You possess a positive, can-do attitude, and are adept at identifying creative solutions to obstacles. You can juggle many important responsibilities at once and you’re rigorous about prioritizing.
Education and/or Experience:
Bachelor’s degree in accounting with at least two years of experience in real estate development and/or construction accounting, or Associates degree with four years of such experience. Affordable housing real estate development experience preferred but not required.
Must be at least at intermediate level Excel user, as well as proficient in Word and Outlook.
Intacct experience preferred; experience with at least one enterprise-class, cloud-based accounting software system required.
Abilities and Attributes:
Ability to handle daily responsibilities and projects with minimal direction.
Must be pro‐active in identifying and proposing solutions.
Excellent written and oral skills and an ability to present information coherently.
Must have ability to assimilate a variety of information from various individuals, and make
decisions from which a precedent may not exist.
Must be accurate, organized, and highly detail‐oriented with the ability to multi‐task and follow through on all projects.
Must be pleasant with the ability to work collaboratively with different department and levels of
Excellent decision‐making, interpersonal and time management skills.
Ability to work harmoniously in a multi‐cultural team.
Title: Housing Development Accountant
Reports to: Controller
Location: Los Angeles
Type: Full-time, exempt
Salary range: $67,000-$75,000, BOE
Benefits: Health, dental, vision, retirement match, long-term disability, life insurance, flex spending, commuter plan, sick leave and vacation pay
Travel: Minimal. Occasional travel within the greater Los Angeles metro area and to the San Francisco Bay area
Start date: Open until filled
Brilliant Corners does not discriminate on the basis of race, color, religion (creed), gender, gender expression, age, national origin (ancestry), disability, marital status, sexual orientation, or military status, in any of its activities or operations. These activities include, but are not limited to, hiring and firing of staff, selection of volunteers and vendors, and provision of services. We are committed to providing an inclusive and welcoming environment for all members of our staff, clients, volunteers, subcontractors, vendors, and clients.