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Vice President, Accounting 

Description

 

Vice President, Accounting

Job Description

 

ABOUT THE ORGANIZATION
 

Rainey Property Management (Rainey) offers best-in-class management services and operation of apartment communities. Rainey provides owners of multi-family communities with a full suite of property management solutions tailored to the unique needs of each community. Our team prides itself on consistently providing a high level of service to the owners and residents of the communities we manage.

Our team possesses 150+ years combined experience leading nationally recognized multifamily property management organizations. Our team members leverage in-depth market research, proven business practices, and local knowledge to create value and maximize returns for our investors, partners, and clients.

At Rainey we believe that all people deserve access to safe, decent, sanitary and affordable housing regardless of income or background. By employing a hands-on approach to property management, we create healthy and happy communities for our residents while delivering efficient operating results. We firmly believe that it is possible to create value and community at the same time, and we aim to do so with the highest level of customer service.

 

Benefits and Pay of the Vice President, Accounting:

Depending on the position offered, regular full-time and part-time team members may be eligible to participate in a bonus program in addition to their base salary. 
 

- Medical, Dental, Vision, short/long term disability

- Life insurance is FREE
- Up to 3 weeks time off at hire
- 401K match up to 5% after 90 days with immediate vesting
- Birthday and up to 16 paid holidays

The estimated Salary for this role will be $140-160k depending on experience

 

Vice President, Accounting Reports To – President, Santa Monica office

Main Scope of Work of the Vice President, Accounting

  • Manage financial reporting, financial systems and controls, cash management, payroll, and benefits administration, accounts payable and intercompany billing, and collections through combination of third-party providers and company staff.
  • VP of accounting reviews monthly property financial statements, general ledgers and reconciliations prepared by third party accountants and ensure accurate representation of partnership activity in accordance with GAAP.
  • Analyze and implement financial and reporting requirements in accordance with settlement statement, partnership agreement, loan and purchase and sale agreements. Oversee purchase accounting entries and allocation of expenses and revenues with seller.
  • Perform day to day accounting for the property management company (PMC). Includes recording cash account transactions, invoices, paying bills, calculating management fees, allocating expenses, and billing properties, reconciling bank accounts and all necessary general ledger entries to record day to day activities of the PMC.
  • VP of Accounting will ensure biweekly payroll is allocated and funded accurately and on time, in coordination with payroll and HR department.
  • Supervise accounts payable process for property check runs to ensure proper documentation and approvals, accurate coding, timely payment of vendors and appropriate sales and use tax handling.
  • Forecast and manage cash needs of properties to meet mortgage, payroll, expense, and investor requirements. Forecast and manage cash needs of management company on a weekly, monthly, and forward-looking basis.
  • Participate in onboarding new property acquisitions to OneSite. Coordinate timing and system conversion requirements with Real Page staff. Perform post-conversion procedures to verify integrity of balances. Oversee/coordinate chart of accounts and transaction code settings appropriate for property.
  • VP of accounting is to oversee assignment of roles and rights in property management and financial software to maintain best practices and controls.
  • Maintain chart of accounts and transaction codes in Onesite Business Model. Add/revise as necessary to support business needs.
  • Collaborate with asset management and regional and property staff in developing annual budgets. Responsible for ensuring budgets meet underwriting needs.
  •  Vice President, Accounting is responsible for implementibng and direct procedures necessary to maintain proper records and to afford adequate accounting controls.
  • Research and advise on accounting and tax issues and communicate with outside auditors and accountants
  • Participate in development and documentation of company procedures. As we grow, individual will help develop additional roles within accounting department (Accounting Manager, Senior Accountant, Property Accountant, Accounts Payable, etc.). Participate in hiring, training, developing, and cross-training.
  • Perform other duties as necessary.

VP of Accounting Desired Skills/Qualifications:

  • BS in Accounting and minimum 7 years of related experience, commercial real estate preferred. At least 3-5 years (current) experience with real estate (property management) vp of accounting in a manager or director level role.
  • Thorough understanding of property and partnership accounting, as well as corporate financial accounting, in accordance with GAAP.
  • Prior experience with Real Page property management software is essential for success.
  • Excellent interpersonal and communication skills with the ability to work both independently and as part of a team in a diverse and fast-paced environment.
  • Must be detail-oriented, highly analytical, and have strong organizational and problem- solving skills.
  • Experience with both YARDI and RealPage/Onesite softwares.

 

PM22

 
Position Requirements  
Full-Time/Part-Time Full-Time  
Hiring Manager(s)  
Number of Openings 1  
Open Date 3/13/2023  
Exempt/Non-Exempt Exempt  
EOE Statement We are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status or any other characteristic protected by law.  

This position is currently not accepting applications.

To search for an open position, please go to http://RaineyPropertyManagementLLC.appone.com



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