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Accountant - Real Estate Development

K Group

Multifamily Industrial

Ridgewood, NJ

Salary Estimate: $0.00 - $75,000.00

Employment Type: Full Time

Work Place: Office

Experience Required: 2+ to 5 years

Education Required: 4 Year College

Job Description

Accountant
K Group is a premier real estate investment and development firm with over 40 years of combined experience in acquiring, developing, managing and repositioning multifamily and industrial assets to create long-term value. We take an institutional approach to investment, combining rigorous financial analysis, strategic asset management and disciplined capital deployment to generate superior risk-adjusted returns. In addition to acquiring value-add opportunities, we are actively developing ground-up multifamily projects that align with the evolving needs of renters in high-growth markets.

We are seeking an experienced and detail-oriented Accountant to join our team and support the financial operations of our growing real estate platform. The ideal candidate will have a strong background in real estate accounting, with direct experience in real estate development and property-level financial management. This is an excellent opportunity for someone looking to grow with an entrepreneurial firm and work across multiple facets of the business, including accounting for ground-up developments, acquisitions and stabilized assets.

Responsibilities:

Lead and manage the month-end and quarter-end closing and reconciliation process across development and operating entities
Maintain and manage general ledgers across multiple entities and development projects
Prepare property-level and project-level financial statements, including P&L, balance sheet and cash flow statements
Record monthly and year-end journal entries; reconcile all bank accounts and intercompany balances
Track development costs across multiple projects and reconcile against construction budgets and lender draws
Review and process construction draw packages and coordinate with lenders, vendors and internal development teams
Support preparation of tax workpapers and coordinate with external auditors and tax professionals
Compile and maintain cash flow reports across projects and operating accounts
Maintain loan schedules, track interest and principal payments and reconcile escrow and reserve accounts
Coordinate with accounts payable to ensure timely and accurate processing of construction and operating invoices, including lien waiver compliance
Assist with the preparation of project budgets and reforecasts in collaboration with development and asset management teams
Provide ad-hoc financial reporting and analysis for senior management
Ensure compliance with internal accounting policies and GAAP
Assist with ad-hoc analysis, cash reporting and special projects as needed
Participate in the implementation and optimization of accounting software and processes across the firm

Qualifications:

3+ years of accounting experience in the real estate industry is required
Real estate development accounting experience is a strong plus
Proficient in accounting software including AppFolio, Yardi, QuickBooks and RealPage
Solid understanding of GAAP, property management accounting and real estate finance
Advanced Excel skills, including pivot tables and VLOOKUP
Strong analytical organizational and problem-solving skills with sharp attention to detail
Ability to handle multiple priorities and deadlines independently
Excellent communication skills and ability to work collaboratively across departments
Bachelor’s degree in Accounting, Finance or a related field preferred

What We Offer: