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Company Name:
Approximate Salary:
64063.00 - 72482.00 Per Year
Seattle, Washington
United States
Position type:
Full Time
Experience level:
2 - 5 years
Education level:
Bachelor's Degree

Senior Accountant - Property Development

Location: Headquarters, Seattle, WA Job Title: Senior Accountant - Property DevelopmentDays Off: Saturday & SundayPay Range: $64,063 - $72,482 annuallyLocation: Downtown/Pioneer SquareShift: Office DayInsurance Benefits: Medical (no premiums/payroll deductions for employee coverage), Dental, Life, Long-term DisabilityOther Benefits: Employee Assistance Program (EAP), Flexible Spending Account (FSA), ORCA card subsidy, Paid Time Off (34 days per year), Retirement PlanDESC (Downtown Emergency Service Center) is a nonprofit organization working to end the homelessness of vulnerable people, particularly those living with serious mental or addictive illnesses. Through partnerships and an integrated array of comprehensive services, treatment and housing, DESC gives people the opportunity to reach their highest potential.DESC serves 2,000 people each day through a comprehensive continuum of care which includes emergency shelter and other survival services, mental health care and chemical dependency treatment, employment services and permanent supportive housing. This integrated service model is designed to help disabled homeless men and women secure and maintain appropriate, safe and affordable housing. DESC is recognized nationally and regionally as an innovator in developing solutions to homelessness.JOB DEFINITION:The Senior Accountant - Property Development works closely with the Controller, CFO and other accounting staff to maintain accurate and complete financial records for the agency. This position has primary responsibility for real estate development accounting for construction and rehabilitation projects funded primarily with Low Income Housing Tax Credits (LIHTC) and other public funding. The role requires developing and maintaining a deep understanding of capital funding streams and ongoing audit and reporting requirements for LIHTC properties. PLEASE INCLUDE AN UPDATED RESUME AND COVER LETTER TO BE CONSIDERED FOR THIS POSITION MAJOR DUTIES AND RESPONSIBILITIES:

  • Coordinate with DESC's internal property development team and external consultants to ensure timely and accurate completion of construction draws, capital funding applications, audits, and other required reporting.
  • Responsible for preparing, reviewing and reconciling monthly construction draws.
  • Assist in preparation and review of capital funding applications and pro formas.
  • Work closely with other accounting staff to transition projects from construction to operations (set up utilities, process start-up invoices, etc.).
  • Prepare audit work papers and coordinate with the auditors to complete audits and tax returns, including cost certifications and Low Income Housing Tax Credit audits.
  • Complete funder and investor reporting requirements during and after construction.
  • Prepare general ledger entries to record loan interest, property management fees, and other partnership specific transactions.
  • Work with the Controller and other accounting staff to maintain accurate accounting and administrative records for agency activities.
  • Other duties as assigned.
  • Undergraduate degree in accounting or business administration.
  • Four or more years of job experience in accounting and financial management.
  • Two or more years of job experience in real estate development accounting.
  • Affordable housing background, specifically low income housing tax credits.
  • Significant experience with Excel.
  • Experience performing reconciliations, including resolving discrepancies.
  • Careful attention to detail, and ability to work independently with a minimum of direct supervision.
  • Ability and desire to communicate and work effectively and appropriately with staff and vendors from various backgrounds and disciplines in person, on the phone, and via email.
  • Ability to relate effectively to clients displaying a wide range of unpleasant and/or bizarre behaviors.
  • Demonstrated respect for diversity and commitment to developing multicultural competency sensitivity.
  • Subscribe to a philosophy of cooperation and continuity across programs, and of consideration and respect for the clients served by the agency.
  • CPA
  • Audit experience
  • Abila MIP accounting system experience
  • Two or more years of job experience in a nonprofit
PHYSICAL DEMANDSThe physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.While performing the duties of this job, the employee will be required to sit, communicate with other employees and vendors, is required to lift and carry items weighing up to 25 pounds and to operate computer hardware systems. Specific vision abilities required by the job include close vision, distance vision, color vision, peripheral vision, depth perception, and the ability to adjust focus. Considerable stress may occur.EQUAL OPPORTUNITY EMPLOYERThe Downtown Emergency Service Center is committed to diversity in the workplace, and promotes equal employment opportunities for all staff members and applicants. The Agency will not discriminate against any employee or applicant for employment on the basis of race, creed, color, sex, sexual orientation, age, national origin, marital status, or the presence of any sensory, mental or physical disability in any employment practice, unless based on a bona fide occupational qualification. Women and minorities are encouraged to apply.


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