2 Accounting jobs

The Accounting Analyst position is a supporting role to the Accounting and Asset Management departments of Bellwether Housing. This position will be responsible for implementing innovative approaches to data collection, analysis, and interpretation. The Accounting Analyst will work collaboratively with Accounting and Asset Management with developing and generating benchmarks, trend and variance analysis, and significant transaction reconciliations. Duties and Responsibilities: Budget/Variance Reporting • Assists in the annual budget preparation.  • Reviews and investigates budget variances – cash and accrual basis. Benchmarking • Works collaboratively to develop and maintain KPIs/ Dashboards. • Performs and prepares ad-hoc analyses. • Performs financial modeling, data mining, and presentation support. • Develops and maintains financial reports for forecasting, trending, and results analysis. Treasury Analysis • Maintains Bellwether’s online banking platform. • Reconciles and analyzes Bellwether’s investment portfolio. • Monitors and analyzes current cash flows for operations and forecasts cash needs. Accounting: • Analyzes monthly consolidated financial statements and investigates significant variances and unexpected results in conjunction with Portfolio Managers. • Assists with the month-end, quarter-end, and year-end close processes. • Prepares quarterly primary account reconciliations. o Fixed Asset Roll-forward o Debt Roll-forward o Intercompany Transactions Asset Management Analysis: • Creates and maintains analytical tools to support the Property Management, Real Estate Development, and Finance teams. •  Reviews and interprets operating performance results, proactively monitors and responds to performance indicators, and identifies potential watch list issues. •  Provides analyses, forecasts, and tracking to alert Portfolio Managers and stakeholders to trends and events affecting Bellwether’s properties. •  Other duties as assigned. Requirements • Bachelor’s degree in Accounting and 3 + years of accounting experience. • Strong working knowledge of generally accepted accounting principles and disclosure requirements. • Working knowledge of partnership tax accounting. • Experience coordinating annual GAAP audit and assisting in the preparation of draft financial statements. • Proficient in MS Word, Excel (including Pivot Tables and V-lookup), and Outlook, as well as accounting software applications (MIP and Yardi preferred). • Excellent verbal and written communication skills. • Experience working with a diverse group. • Commitment to the mission and goals of the organization. Desired Qualification • CPA credential. • Relevant accounting and financial management experience with a non-profit, affordable housing organization that develops, constructs, and manages multi-family rental properties. • Working knowledge of HUD, Low Income Housing Tax Credit Program, and the State of Washington and City of Seattle housing programs. • Strong working knowledge of accounting principles and disclosure requirements relating to the consolidation of a multi-entity organization. • Strong working knowledge of partnership accounting and partner allocations and taxation. • Candidates selected for this position must pass a criminal history background check prior to  employment with Bellwether Housing. • A personal vehicle is not a requirement of this position.  However, if using a personal or company-owned vehicle in the performance of job duties associated with this position, incumbent must possess and maintain a valid Washington State Driver’s License, the appropriate amount of automobile insurance, and a safe driving record. Compensation: $60,000 - $75,000 per year, depending on experience. Generous Benefits Hours: Monday - Friday, 8:00am - 5:00pm

The Senior Asset Manager is part of the Accounting and Finance Department and collaborates closely with the Property Management and Real Estate Development departments to ensure the long-term financial sustainability of our diverse portfolio of multi-family, affordable housing developments. The Senior Asset Manager will track the financial performance of each asset and provide reports to other departments to inform key property management, development and re-capitalization decisions. The Senior Asset Manager will also be responsible for ongoing reporting to lenders and equity investors with respect to various financial metrics of each asset. This position supervises the Asset Management staff and provides oversight on the following responsibilities: Financial Analysis and Reporting: • Provides professional expertise in finance, accounting, and long-term asset management to support the real property management and financial reporting functions of Bellwether Housing's building portfolio. • Provides analyses, forecasts, and tracking to alert Portfolio Managers and stakeholders to trends and events affecting Bellwether's properties. • Develops and maintains portfolio performance measurement tools for analyzing property operating performance, cash flow, debt structures, and reserve accounts. • Conducts iterative stakeholder conversations with other teams, investors, lenders and leadership to confer about organizational needs and identify opportunities for optimizing asset performance. • Assists Portfolio Managers in developing annual building operations budgets to meet targeted debt service coverage ratios and other benchmarks. • Monitors and forecasts reserve levels, capital accounts, and cash flow. Evaluates cash flow and reserve projections to ensure that each property will meet cash flow targets and compliance with financial covenants. • Works with the insurance broker to ensure proper insurance coverage while mitigating risks for the building portfolios. • Monitors and manages property valuations, assessments, and payments. • Identifies, tracks, and monitors waterfall payment priorities. • Supervises the Asset Management Specialist position. External Communication and Relationship Management: • Acts as a strategic partner to Real Estate Development in regard to property acquisition and due diligence. • Ensures that Bellwether meets stakeholder requirements and expectations by monitoring and coordinating financial compliance submissions and preparing forecasts. • Facilitates approval process with lenders and/or investors for capital work, reserve draws, financing, and other items required under the property's governing documents. • Prepares quarterly reports and dashboards that summarize the financial status of assets for Leadership Team and Board of Directors. Long-Range Planning: • Works in collaboration with Real Estate Development and Property Management to create accurate operating expense and debt service proformas and long-term strategic plans for new properties. • Researches partnership agreements, financing documents, regulatory agreements, leases, tax returns, and other documents to determine constraints and barriers to long-term needs. • Partners with Sr. Facilities Manager, Portfolio Managers, and Director of Real Estate Development to create and maintain a comprehensive asset management strategy for each property. • Monitors debt maturities and strategizes refinancing options and debt pay-offs. Requirements Minimum Requirements: • Bachelor's Degree in accounting, finance, and/or related field and 7+ years of progressively responsible experience in financial analysis, asset or property management, accounting, finance, lending, or related work. • Ability to read and understand real estate finance and partnership documents. • Proven ability to engage collaboratively with leaders from other departments. • Effective verbal and written communication and relationship building skills. • Working knowledge of the principles of accounting. • Knowledge of capital funding, operating subsidies, and rental assistance. • Demonstrated experience developing and working with operating and development budgets for multi-family housing. • Excellent analytical, problem solving, and decision-making skills. • Proven ability to organize multiple projects. • Proficient in MS Office, including the ability to develop advanced spreadsheets, manage databases, and produce meaningful charts and graphs. Desired Qualifications: • Accounting, finance or asset management experience with a real estate organization that manages affordable housing. • Exposure to public and private funding sources used to develop affordable housing. • Asset Management Specialist (AMS) or Certified Housing Asset Manager (CHAM) Certification. • Familiarity with accounting general ledger and financial reporting software.  Other Position Requirements: • Candidates selected for this position must pass a criminal history background check prior to employment with Bellwether Housing. • A personal vehicle is not a requirement of this position. However, if using a personal or company-owned vehicle in the performance of job duties associated with this position, incumbent must possess and maintain a valid Washington State Driver's License, the appropriate amount of automobile insurance, a safe driving record. Compensation: $95,000 - $105,000, depending on experience Schedule: Monday - Friday, 8:00am - 5:00pm