Financial Analyst/Accountant

Company: Model Group
Location: Cincinnati
Posted on: February 25, 2021

Job Description:

The primary objective of the Financial Analyst/Accountant is to optimize business financial results by monitoring, executing and reporting on financial transactions necessary to successfully deliver LIHTC, NMTC & Historic tax credits to investors and owners, along with comprehensive analysis, compliance accuracy and strategic planning.--Specific activities include, but are not limited to, tracking and executing financial transactions to carry out the objectives of the project, interacting with multiple sources of funding for the project, analyzing outcomes and problem solving with project managers, and working with owners and auditors to ensure compliance with rules and regulations.Responsibilities:* Work closely with, and under the supervision of, the Director of Development Accounting to maintain accurate books and records of development projects.* Ensure accurate documentation is timely provided to investors and lenders for compliance reporting.* Work closely with non-profit partners for documentation & reporting requirements.* Work closely with representatives from the funding sources to ensure complete and accurate record keeping and timely funding of draw requests.* Work with the Development Project Manager to analyze the budget and rectify or work around any variances.* Compile and invoice partners for reimbursement of predevelopment costs associated with projects owned by partners.* Reconcile payables and receivables between Model Property Development and project accounts.* Prepare bank reconciliations for accounts associated with projects in development.* Prepare construction draw packages for requesting funding from various sources monthly.* Work closely with construction accounting to compile complete and accurate draw package documentation as required by the funding sources.* Post transactions in Yardi as necessary to keep complete and accurate accounting for the project.* Keep track of progress of funding to make sure timely payment is made to Model Construction.* Ensure proper and timely payment of outside vendors from draw funds.* Work with auditors to ensure accurate financial statements and tax returns.* Work with auditors for preparation of cost certifications required for tax credit delivery.* Produce required reporting documents and statements for investors and creditors.* Track and cause to be paid monthly or quarterly payments on NMTC projects in operations for 3rd party owners, as contracted. Provide journal entries to owners for them to post in their accounting systems. Required Skills:* BA or BS degree in finance, accounting or other business management discipline.* Knowledge of key aspects of finance and accounting, including an understanding of general accounting principles.* Strong attention to detail and accuracy.* Critical thinker with strong analytical and problem-solving skills; ability to identify and resolve issues.* Highly proficient in the use of Microsoft Excel, and solid proficiency in the other Microsoft Office suite programs (Outlook, Word).* Strong organizational skills and ability to plan and meet deadlines.* Highly motivated.* Ability to maintain effective and cooperative working relationships with team members, government agencies, consultants, auditors, lenders and investors.* Ability to communicate and work effectively with people whose priorities and expertise vary based on the nature of their roles and goals of their organizations.* Ability to operate in an environment with some ambiguity, and comfortable with making decisions without a need for excessive guidance, or micro-management.* Natural ability to react positively and comfortably to regular change and pressure, with shifting priorities, deadlines, and/or goals while maintaining an analytical focus.* Passion toward the positive transformation of communities, and the revitalization of the urban core.Preferred, but not required qualifications:* Knowledge of accounting relating to Low Income Housing Tax Credits, New Markets Tax Credits and Historic Tax Credits.* Knowledge of Yardi accounting systems.* Real estate development accounting experience.* Knowledge of real estate transactions and title work.* Understanding or experience in real estate lending and mortgage transactions.Knowledge of partnership accounting and legal

Keywords: Model Group, Cincinnati , Financial Analyst/Accountant, Accounting, Auditing , Cincinnati, Ohio