Interwest Capital Group Hiring for Senior Accountant Job at San Diego, CA Full Time

Job Responsibilities

Month end close and preparation of financials for a mixed use property in San Diego.

1. Prepare Monthly financials in Centersoft including entering rents, expenses, month end adjusting entries, reconciling bank account, consolidating parking financials as well as those from the residential units, booking and paying debt service, balancing lender reserve account as well as security deposit accounts.

2. Prepare parking audit spreadsheet and excess parking income, annually

3. Prepare annual budget.

4. Prepare CAM reconciliations for retail tenants.

5. Run Payables – bi-weekly and as needed. Allocate each expense to retail, parking or residential based on approved budget allocation for each cost category. Review invoices, prior balances, period covered and ensure invoiced amounts are correct and reasonable.

Financials and Financial Reporting

6. Financials reporting to lenders and partners – proactive submission of required reports on all assets. Lender reporting requirements spreadsheet available. Must be updated based on acquisitions and dispositions.

7. Maintain, as needed, lender/investor reporting spreadsheet and keep record of submission dates for assets and to each party, as applicable.

8. Quarterly consolidation of property level and JV books, as needed.

9. Monthly consolidation of select assets as required by partner operating agreements.

10. Monthly reconciliation and bookkeeping in QB – approximately 60 single purpose entities

11. Check runs for all entities on bi-weekly basis or as needed including wire set up.

12. Pull and save all Lender billing statements – Monthly

13. Review lender statements to ensure tax and insurance escrow are accurate per actual costs of each asset and that property level financials tie to lender reserve balances.

14. Prepare lender reserve disbursement requests for reimbursement of qualified expenses per each loan agreement.

15. Pull and save all bank statements – Monthly

16. Audit coordination and handling of questions between CPA firm and property accounting team

17. Tax return coordination and handling of questions between CPA firm and property accounting team.

18. Consolidate books annually, as needed, for tax return preparation purposes.

19. Book AJE and coordinating of any property level AJE as generated from the preparation of the tax return. Ensure ending balance sheet ties to tax return as of YE.

20. Coordinate the filing of 1099 for all entities with a third party vendor.

21. Run distribution checks on quarterly basis or as needed.

22. Tax Preparation and coordination between property management companies and CPAs including but not limited to 1)fixed asset schedule review, 2)confirm equity ties to starting balances, 3)ensure nor prior period adjustments are made 4)pull and upload reports for tax prep as needed.

Cost Tracking

23. Credit card expense tracking for Interwest expenses – monthly. Obtain cc detail, code each item to appropriate expense category and record in QB.

24. Reimbursement tracking (Interwest expenses that are allocated to the respective properties) – ensure all expense items are coded, submitted and paid on regular basis. Enter costs from cc statement and employee reimbursements monthly. Submit quarterly invoices to each property. Reconcile ledgers quarterly to ensure all tie out. Bill insurance consulting fee annually to each property.

Insurance

25. Obtain current certificates of insurance from Interwest broker. Save to each property file and send to lenders and vendors as needed.

26. Obtain current insurance certificates from management companies and save in file.

27. Obtain invoices on renewal, save to file and handle/coordinate payment from sites.

28. Provide current insurance certificates to lenders, as required.

RE Taxes

29. Pull tax assessment for each asset annually and save to file.

30. Pull RE tax bill for each asset annually and save to file.

31. Compile list of all assets and the corresponding vendor that handles RE tax appeals and filing of personal property tax returns.

32. Send tax bill and requested documentation such as P&L and rent roll to tax appeal groups to determine if appeal is necessary. Save decision in the file.

33. Compile historical tax summary per asset of assessed value and tax amount for each year of ownership.

Transactional/Other Tasks

34. Proactively work to lower costs and provide options and solutions to things such as CSC services including bidding, analysis and recommendations.

35. Pull CSC invoices monthly, as available. Share with Pacific Western Bank as they cover those costs.

36. Maintain proposals for tax preparation for all entities and ensure invoicing is in line with contracted amounts before issuing payments.

37. Upload tax documents and distribution information as needed to the investor platform, IMS.

38. Entity formation, dissolution and keeping entities in good standing

39. Obtain proposals for cost seg studies following acquisition. Provide requested information to preparer and send final report to CPA firm handling the tax returns. Cost Segs will also be needed where large renovations are done, generally hotels but could apply to MF as well.

Asset Management

40. Work with asset management to preserve asset values and enhance financial performance which can include various property or portfolio specific projects.

Job Type: Full-time

Pay: From $70,000.00 per year

Benefits:

• Dental insurance
• Health insurance
• Paid time off
• Vision insurance

Schedule:

• Monday to Friday

Supplemental Pay:

• Bonus pay

Education:

• Bachelor’s (Preferred)

Work Location:

• One location

Work Remotely:

• No

Work Location: One location