Job Description
Job Description Location: Walnut Creek, CA
Vertical Ventures Capital LLC (the “Company”), an established, highly focused investor, developer, and operator of institutional-quality commercial real estate assets, is seeking a Senior Accountant to join our team. The Company’s unwavering goal is to extract unrecognized value from real estate and maximize returns to investors, while providing a high level of service and communication to our financial partners. Our portfolio of active and realized investments includes office, R&D, and flex industrial properties totaling nearly 4 million square feet across California, Arizona, and Texas. Additional acquisitions are currently being targeted in other select US markets.
The ideal candidate will play a pivotal role in supporting and driving the financial success of our commercial real estate portfolio. This position offers a unique opportunity for a motivated professional to work closely with senior management to support the Company’s ongoing operations, provide regular, accurate, and timely reporting on the Company and its assets to assist in evaluation and decision making, and make meaningful contributions to financial accounting processes and protocols.
Key Responsibilities - For externally managed properties:
- Primary review of monthly property financial reporting submitted by the property management (PM) teams to ensure accuracy, identify inconsistencies, communicate required adjustments, and review with the PM team, if needed.
- Functioning as the main point of contact between the PM teams and the Company for accounting-related matters.
- For internally managed properties:
- Performance of all aspects of day-to-day accounting.
- Cash management and forecasting.
- Entry and maintenance of properties and their attributes (e.g., buildings, floors, units, areas) within Yardi.
- Entry and maintenance of tenant lease(s) within Yardi.
- Completion of month- and year-end closing activities, including period end accruals and bank and other account reconciliations.
- Generation of month- and year-end reporting including financial statements, rent rolls, performance analyses, and debt compliance.
- CAM statements and annual CAM reconciliations, if applicable.
- Participation in the annual operating budget process.
- Day-to-day accounting and month- and year-end closing activities for the special purpose entities (SPEs) set up above each property (Asset and Investment levels of the organization chart).
- Equity rollups, consolidations, and reconciliations between parent and subsidiary entities in Yardi (up to the Investment level).
- Booking of quarterly fair value adjustments, as necessary.
- Processing of property-related invoices.
- Preparation of property-related cash disbursements (checks, wires, ACHs) for approval/release by the Senior Vice President of Finance.
- Coordination and submission of the annual payments and periodic filings to California, Delaware, and any other applicable states for the Company’s property-related entities.
- Generation of annual 1099 forms from property-related entities.
- Assembly of the annual packages submitted to the Company’s external tax accountants for return preparation for property-related entities.
- Assistance with gathering requested property-related information for the Company’s external auditors.
- Serving as a trusted and collaborative resource for the Company’s asset management group by providing regular reporting tailored to its needs as well as performing ad hoc investigation related to specific queries.
- Other tasks, projects, and/or initiatives as needed.
Skills And Qualifications - Proficiency with Microsoft Office, including strong Excel skills.
- Experience working with Yardi and its property management module.
- Strong knowledge of GAAP.
- Strong analytical, problem-solving, and organizational skills.
- Excellent verbal, written, and interpersonal communication skills.
- Familiarity with leases, purchase and sales agreements, closing statements, property management agreements, loan documents, and vendor agreements.
- Ability to synthesize information from various sources to produce accurate reports and projections.
- Ability to think critically and not necessarily accept things at face value.
- Ability to work independently and take initiative.
- Ability to work on multiple projects with accuracy and efficiency while also adhering to set deadlines.
- Strong attention to detail.
- A willingness to help the team while maintaining a positive, “can-do” attitude.
Education And Work Experience - Bachelor’s degree or higher in accounting or finance.
- 3-5 years of property or related accounting experience required.
- Experience in organizations containing multiple inter-related entities and multi-tiered ownership structures a plus.
Compensation And Benefits - Competitive salary with the potential for annual bonuses based on individual and Company performance.
- Paid holiday, vacation, and sick days.
- Partially subsidized medical, dental, and vision insurance coverage via the Company’s health care plans.
- Paid parking.
- Proximity to Walnut Creek BART station.
Accounting / Control
Job Tags
Holiday work, Work experience placement, Flexible hours,