Senior Associate, Finance (Real Estate)

Job title: Senior Associate, Finance (Real Estate)

Company: Lincoln Avenue Communities

Job description: The CompanyWelcome to Lincoln Avenue Communities (LAC)! We are a dynamic and entrepreneurial real estate private equity firm that strengthens communities. As a developer, investor, and operator, we provide sustainable, high-quality homes for lower- and moderate-income individuals, seniors, and families across 29 states. With a portfolio encompassing 160+ properties and 22,000+ units, we are committed to creating lasting impacts on the lives of our residents and the communities we serve.The RoleLincoln Avenue Communities is seeking a Sr. Finance Associate to support our financial operations and contribute to its mission-driven initiatives. This is a unique and exciting opportunity to oversee and manage the financials of an assigned portfolio, including budgeting, financial analysis, and audit coordination. A successful candidate will work closely with our internal teams and external partners to ensure accurate and timely financial reporting and supervise all aspects of its financial transactions. This role offers the chance to leverage your accounting and finance expertise to make a meaningful impact in the affordable housing sector.This is a hybrid role (3 days in the office) will report to the Manager, Finance, and work closely with other Finance team members.RequirementsEssential Job Functions

• Oversee financials for an assigned real estate portfolio, monitoring monthly financials prepared by property management companies, including a budget-to-actual analysis, and completing annual budgets.
• Prepare quarterly valuations for all real estate holdings, including calculations of normalized net operating income and discounted cash flow models.
• Liaise with property management companies and external accounting firms to ensure accurate reporting, and review and coordinate property-level financial statement audits.
• Calculate periodic distributions for real estate entities based on the waterfall terms in their underlying limited partnership agreements and loan documents.
• Collaborate within the finance team and cross-functionally to enhance reporting and data that supports optimal operations and success within the portfolio.
• Maintain a quarterly schedule of real estate owned to track DSCRs, LTV ratios, and other metrics requested by lenders.
• Prepare calculations of and provide key information on investment transactions, development fees, and asset management fees to Corporate Accounting for use in the quarterly financial statements.
• Perform special projects or duties as assigned.

Skills & Abilities

• Strong background in financial accounting and US GAAP. Experience with real estate financials is strongly preferred.
• Advanced Excel skills are required.
• Knowledge of project management principles and practices, mainly as they apply to financial management projects.
• Ability to manage multiple projects and prioritize key deliverables
• Detail oriented, self-motivated, and intellectually curious.
• Strong verbal and written communication skills with the ability to interact with all levels of the organization and manage external parties.
• Ability to work independently as well as collaboratively in a growing environment
• A high-level of professionalism and integrity in dealing with confidential issues
• Passionate and aligned with the company’s double bottom line mission: generating appropriate returns for investors and managing great, stable communities for our residents

Education & Experience

• Bachelor’s degree in Business, Accounting, or Finance
• 3-5 years of experience working in the field of finance or accounting
• Highly proficient with Microsoft Office, particularly Excel
• Preferred qualifications include:

• CPA license
• Experience at a “Big 4” public accounting firm
• Background with real estate and partnership accounting
• Audit background strongly preferred
• Experience with low-income housing tax credits and/or investment management is a plus

BenefitsBenefitsThe expected base salary for this role is $110,000 – $125,000. This represents the current target and is subject to change. To determine starting pay, we carefully consider a variety of factors, including primary work location and an evaluation of a candidate’s skills, experience, market demands, and internal parity. Our comprehensive total rewards package offers more than just a salary. Benefits include:

• Performance-based bonuses
• Full medical, dental, and vision coverage for you and your dependents
• 401(k) plan with employer matching and immediate vesting
• Life and disability insurance
• Generous PTO, holidays, and sick time
• Paid parental leave
• Employee referral incentives
• Fun company and team-building events
• Continuous learning and development opportunities

Equal Employment OpportunityLincoln Avenue Communities is an equal-opportunity employer. We prohibit discrimination and harassment of any kind and afford equal employment opportunities to employees and applicants without regard to race, color, religion, sex, sexual orientation, gender identity or expression, pregnancy, age, national origin, disability status, genetic information, protected veteran status, or any other characteristic protected by law. At LAC, we conform to the spirit and the letter of all applicable laws and regulations.

Expected salary: $107000 – 125000 per year

Location: Santa Monica, CA

Job date: Wed, 12 Feb 2025 23:15:31 GMT

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