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About the role
Key responsibilities & impact- Manage quarterly Fund financial statements and assist with the preparation and review of monthly Corporate financial statements, maintaining related workbooks and schedules.
- Manage cash and GAAP journal entries, including accruals, and process wires, ACHs, and check runs.
- Coordinate and manage Fund audits, tax returns, and K-1 preparations, while supporting Corporate audit and tax return processes as needed.
- Create and maintain financial models, assist with financial planning and analysis, and collaborate with internal teams on accounting and tax-related matters.
- Review Fund and Partnership operating agreements, record transactions, and monitor capital contributions received from investors and paid to Partnerships, ensuring all capital accounts are up to date.
- Manage investor due diligence workflow and Upper Tier closings.
- Prepare qualitative risk assessment and quantitative valuation for internal discussion.
- Together with VP, FM: Maintain and update master templates for Lower Tier / Upper Tier modeling.
- Support Acquisitions and Underwriting by providing tax expertise, model training and transaction-specific modifications to Lower Tier models.
- Train and review the work of junior staff, providing guidance and oversight.
- Manage investor capital to be called, based on Fund cash balances and updated project-level equity schedules.
- Analyze investor tax-basis and 704(b) basis capital account projections through the LIHTC compliance period, identifying potential risks to investor IRR and providing recommendations.
- Perform quarterly and annual updates to pre-stabilized Fund models based on actual tax returns, and review tax returns for pre-stabilized Funds, analyzing material variances and updating investor benefit schedules.
- Manage quarterly reporting obligations and conduct annual analyses of Fund reserves and sustainability.
- Calculate annual Fund cash waterfalls, process upper-tier asset management fees and overhead reimbursements, and model complex transactions, including multi/club structures, bridge lending, and special allocations.
- Coordinate Lower Tier tax return preparation memos and ensure adherence, while planning, hosting, and recording Lower Tier model training sessions.
- Annual review and revision of Upper Tier Policies and Procedures
- Provide weekly updates to VP, FM
Requirements
What you’ll need- Experience in fund/partnership accounting and tax preparation, with LIHTC experience highly desirable; CPA designation preferred.
- Strong quantitative and analytical skills, with proficiency in financial modeling and Microsoft Office applications.
- High attention to detail and accuracy, with the ability to manage complex financial data effectively.
- Excellent communication skills, both written and verbal, to convey information clearly and professionally.
- Master's degree preferred.
- 5+ years of experience in a similar position.
Benefits
Comp & perks- Monthly paid volunteer hours and donation matching to benefit our communities
- Employee Resource Groups that help you grow with us
- Fertility and family planning services
- Up to 12-weeks of fully paid parental leave
- Mental health care, including free counseling sessions:
- We'll help you fund your learning journey with generous tuition reimbursement
- Pet insurance discounts
- And more!
ATS Keywords
✓ Tailor your resumeApplicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills & Tools
fund accountingpartnership accountingtax preparationfinancial modelingGAAPcash managementquantitative analysisrisk assessmentcapital account projectionsfinancial planning
Soft Skills
attention to detailanalytical skillscommunication skillsteam collaborationguidance and oversighttrainingorganizational skillsproblem-solvingprofessionalismworkflow management
Certifications
CPAMaster's degree