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Senior Accountant

Finance & Analytics | Palo Alto, CA | Full Time

Job Description

About Us

About the Company: Pacific Urban Investors (‘Pacific’) is an industry leading multifamily investment firm and pension fund manager. Headquartered in Northern California’s innovative Silicon Valley, Pacific is focused exclusively on the multifamily rental space. The firm has successfully deployed well-timed strategies to the benefit of its institutional partners and stakeholders throughout the United States. 

Since its inception in 1998, Pacific has completed over $7 billion in apartment transactions on behalf of its own account and those of its strategic institutional partners. Today, Pacific has six offices, with over seventy professionals and an owned apartment portfolio in excess of $5 billion.

Pacific Urban Investors is an affiliate of The Marcus and Millichap Companies. More information can be found at www.purapts.com.

Position Overview

Job Description: We are seeking a Senior Accountant with 3+ years of experience in real estate or investment management whose strengths lie in financial analysis and reporting.  This position is located in the Palo Alto corporate headquarters and will be responsible for the financial review and reporting for a portfolio of multiple Business Unit assets and will also assist with cash flow projections, IRR calculations and reporting to lenders and investors. As a member of the Finance & Analytics team, you will interact with senior management and provide key analytic tools for tracking the performance of the Business Unit portfolio of assets. This position reports to an Accounting Manager.

Duties include, but are not limited to, maintaining, and analyzing accounting records, reviewing, and approving monthly and quarterly financial reports, preparing interim and year-end audit work papers, submitting lender compliance reports, as well as other financial reports to management and/or owners. 

Primary Duties & Responsibilities:

  • Review and approve monthly financial statements prepared by third party property management companies, which function may include reconciling errors, proposing journal entries, and reviewing and researching variance analyses
  • Assist in the preparation of the annual property budgets for the assigned portfolio of properties
  • Prepare and submit monthly/quarterly/annual financial and compliance reports to lenders and partners, including preparation of loan draw requests and equity contribution and distribution calculations, summaries, and notices
  • Prepare and analyze quarterly asset summaries for all wholly owned assets and core apartment portfolio in order to help determine key quarterly valuations for each property
  • Calculate monthly equity contributions made by MMC to each property in order to determine long-term cost of equity and determine how it compares to the IC Report
  • Prepare interim and year-end tax compliance, audit and/or tax work papers and assist in the Q&A with external auditors.
  • Provide accurate and timely financial information to other internal departments and under specific deadlines
  • Attend and participate in cross-functional Business Unit team meetings with Portfolio Operations
  • Provide regular reporting to Portfolio Operations regarding revenue and expense trends and metrics, as well as analyze and benchmark performance of assets within the respective Business Unit
  • May perform other duties as required 

Knowledge & Skills:

  • Ability to prioritize and handle multiple tasks with flexibility to adapt and adjust on an ad hoc basis, as needed
  • Excellent organizational and communication skills, both written and oral
  • Proficiency with Microsoft Excel and Microsoft Word
  • Experience in Yardi software is preferred, but not required
  • Desire to grow professionally and personally
  • Team player with a collaborative approach

Qualifications & Education:

  • Bachelor’s Degree in Accounting or Finance
  • Certified Public Accountant preferred
  • 3+ years of strong, general, full-cycle accounting experience, preferably in real estate
  • Fund management or financial services experience a plus
  • Ideal candidate will be familiar with multi-family industry

Please Note: 

  • Principals only; no recruiters please. 
  • Pacific would like to thank you for applying; for efficiency in evaluating candidates, please provide information to the contact noted herein and do not contact staff members, directly.
  • Due to the volume of responses received, only qualified candidates will receive a response.
  • Pacific is currently following a hybrid model until further notice.