Director of Accounting - Tax and Real Estate
Apply NowCompany: Foundation Communities
Location: Austin, TX 78745
Description:
Position Description: The Director of Accounting - Tax and Real Estate will report directly to Chief Financial Officer (CFO). The Director of Accounting - Tax and Real Estate should be experienced in all aspects of financial and tax management, including non-profit, partnership and corporate accounting, regulatory and financial reporting, budget and forecast preparation, as well as development of internal control policies and procedures.
Primary Duties/Responsibilities:
Supervise staff accountants for preparation of monthly construction draw requests and other predevelopment and construction project accounting.
Work with Real Estate Development to review project budgets, manage development project flow of funds, including payment timing on partnership contributions.
Review drafts of Limited Partnership Agreements
Prepare and submit periodic Capital Magnet Fund (CMF) reports; assist with capital grant applications, energy and other tax credits
Maintain updated projections on Growth Fund reserves and coordinate with Development team throughout project cycles
Assist with refinance opportunities.
Maintain relationships with tax credit partner asset manager, respond to asset manager and bank underwriting inquiries.
Assist with securing Limited Partner exits, assist on negotiations and forecasting capital accounts and other related tax issues including LIHTC and NMTC projects
Oversee 10% tests, cost certifications and review all audits and tax returns for LIHTC and non-profit group filings.
Review monthly financials on properties during construction as prepared by Property Accounting staff
Support Property Accounting team's work on LIHTC audits/tax returns.
Ensure quality control over financial transactions and financial reporting.
Research technical accounting issues as needed.
Develop and document business processes and accounting policies to maintain and strengthen internal controls.
Assist CFO with management of all accounting operations, cross train with other accounting directors as backup, additional duties as necessary.
Minimum Requirements:
CPA preferred
5+ years of overall combined accounting and finance experience
Experience in preparing and review of partnership, corporate, payroll and non-profit audits and tax filings
Thorough knowledge of accounting principles and procedures
Experience with financial statement preparation for all types of legal entities
Experience with various accounting software administration
Experience supervising and managing a team
Excellent verbal and written communication skills and demonstrated ability to communicate effectively
Demonstrated commitment to diversity, equity, and inclusion
Preferred Requirements:
Experience with non-profit, low-income housing and property management organizations preferred
NetSuite experience helpful
Working Conditions/Physical Requirements:
Compensation
Starting at $95,000 annually
This position profile identifies the key responsibilities and expectations for performance. It cannot encompass all specific job tasks that an employee may be required to perform. Employees are required to follow any other job-related instructions and perform job-related duties as may be reasonably assigned by his/her supervisor.
Foundation Communities provides an excellent benefits package including employer paid health benefits, 401(k) investment opportunity, Employee Assistance Program, paid vacation, holiday, and sick time.
Foundation Communities is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, veteran status, sexual orientation & gender identity.
Primary Duties/Responsibilities:
Supervise staff accountants for preparation of monthly construction draw requests and other predevelopment and construction project accounting.
Work with Real Estate Development to review project budgets, manage development project flow of funds, including payment timing on partnership contributions.
Review drafts of Limited Partnership Agreements
Prepare and submit periodic Capital Magnet Fund (CMF) reports; assist with capital grant applications, energy and other tax credits
Maintain updated projections on Growth Fund reserves and coordinate with Development team throughout project cycles
Assist with refinance opportunities.
Maintain relationships with tax credit partner asset manager, respond to asset manager and bank underwriting inquiries.
Assist with securing Limited Partner exits, assist on negotiations and forecasting capital accounts and other related tax issues including LIHTC and NMTC projects
Oversee 10% tests, cost certifications and review all audits and tax returns for LIHTC and non-profit group filings.
Review monthly financials on properties during construction as prepared by Property Accounting staff
Support Property Accounting team's work on LIHTC audits/tax returns.
Ensure quality control over financial transactions and financial reporting.
Research technical accounting issues as needed.
Develop and document business processes and accounting policies to maintain and strengthen internal controls.
Assist CFO with management of all accounting operations, cross train with other accounting directors as backup, additional duties as necessary.
Minimum Requirements:
CPA preferred
5+ years of overall combined accounting and finance experience
Experience in preparing and review of partnership, corporate, payroll and non-profit audits and tax filings
Thorough knowledge of accounting principles and procedures
Experience with financial statement preparation for all types of legal entities
Experience with various accounting software administration
Experience supervising and managing a team
Excellent verbal and written communication skills and demonstrated ability to communicate effectively
Demonstrated commitment to diversity, equity, and inclusion
Preferred Requirements:
Experience with non-profit, low-income housing and property management organizations preferred
NetSuite experience helpful
Working Conditions/Physical Requirements:
Compensation
Starting at $95,000 annually
This position profile identifies the key responsibilities and expectations for performance. It cannot encompass all specific job tasks that an employee may be required to perform. Employees are required to follow any other job-related instructions and perform job-related duties as may be reasonably assigned by his/her supervisor.
Foundation Communities provides an excellent benefits package including employer paid health benefits, 401(k) investment opportunity, Employee Assistance Program, paid vacation, holiday, and sick time.
Foundation Communities is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, veteran status, sexual orientation & gender identity.