LMFM Junior Fund Accountant
LMFM is an affiliate of L+M Development Partners (“L+M”), which was founded in 1984, L+M is a full-service real estate development firm that develops, invests, constructs, and manages properties with industry-leading innovation in a variety of urban markets nationwide, primarily in the New York Tristate Area. Recognized as one of the top affordable housing developers in the country, L+M and its affiliate companies are responsible for approximately $20 billion in development and investment, and combined have over 55,000 high-quality residential units in construction or that have been acquired, preserved, or completed.
Please visit our website for more information: http://lmdevpartners.com. To learn more about our mission and values, go to https://lmdevpartners.com/mission-and-values/.
Areas of Responsibility & Job Requirements:
- Oversee preparation of and review of financial statements, capital account statements, and all related supporting schedules for a selection of accounts including all investment types, consolidations, and complex structures
- Ensure accuracy, consistency, and timeliness of all financial reporting, including the review and consolidation of property-level financial statements
- Support fund management and cash management working with internal management on capital calls and distributions at the fund level and at the parent company
- Analyze and reconcile all key accounts, and investigate significant variances from expected amounts
- Prepare cash projections and assist with preparation of annual projections and budgeting
- Assist auditors with annual audit and tax processes
- Prepare materials to report financials to key stakeholder of each fund and the parent company, and provide accurate, timely and professional service to internal and external clients (investors)
- Evaluate and analyze deal documents and historical data to create all requisite entities, commitments, historical
capital entries, and waterfall & fee calculators
- Assist in creating and maintaining systemwide accounting rule sets, transaction types, account types and other attributes needed to utilize the Yardi system effectively
- Assist in creating and maintaining standard operating procedures and process flows for the team
- Record and monitor accounting activities, including, but not limited to, A/P, A/R, revenues, vendor payments and adjusting entries
- Process vendor payments and interface with internal business teams to accurately charge and code invoices to proper General Ledger accounts
Additional Job Skills & Abilities
- Proficiency with investment accounting, including processes, controls, and systems
- Ability to use Yardi Investment Accounting and Investment Manager software systems
- Experience with partnership accounting and partnership agreements as well as waterfall calculations preferred
- Professional individual with ability to perform independently as well as part of a team
- Must have excellent communication skills, both written and verbal as well as management and organizational skills
- Strong work ethic
- Willingness to embrace complexity and thrive on new challenges
- High level of attention to detail
Education Requirements
- Bachelor’s degree required
Years of Industry Experience Required:
2+ years of related experience
LMFM offers competitive compensation and benefits and tremendous potential with a growing residential real estate developer/builder organization.
LMFM is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.
Disclaimer: Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities to this job at any time.
Other details
- Pay Type Salary
- Min Hiring Rate $72,074.00
- Max Hiring Rate $88,454.00