What are the responsibilities and job description for the Corporate Accountant position at American Realty Advisors?
American Realty Advisors (ARA) is a private equity real estate firm that acts as the sponsor of various commingled funds that invest in real estate assets throughout the United States. Our strategies include value add, core, structured finance, mezzanine debt, and other types of investments. ARA also acts as the investment manager for separate accounts tailored to our investor's goals. All our institutional investors are tax-exempt.
ARA is a registered investment advisor under the Investment Advisers Act of 1940 and an ERISA fiduciary with approximately $10 billion in assets under management. ARA, through its funds and separate accounts, acquires real estate investments throughout the United States.
The Role
The Accountant is responsible for maintaining accounts payable and other corporate accounting functions for ARA.
Essential Functions
Essential Business Experience and Technical Skills
The ideal candidate for this role will exhibit competency in the areas listed below. At ARA, we see possessing these traits as vital to the success of the position:
American Realty Advisors is committed to equal employment opportunity. We do not discriminate based on an individual's race and associated traits, sex, gender, religion, color, national origin, ancestry, physical or mental disability, medical condition, marital status, registered domestic partner status, sexual orientation, gender identity and expression, age, genetic information, military, and veteran status, or any other basis prohibited by state or federal law. This policy governs all aspects of employment at American Realty Advisors, including hiring, assignments, training, promotion, compensation, employee benefits, employee discipline and discharge, and all other terms and conditions of employment.
ARA considers for employment qualified applicants with criminal histories in a manner consistent with the requirements of the Los Angeles Fair Chance Initiative for Hiring Ordinance No. 184652.
ARA is a registered investment advisor under the Investment Advisers Act of 1940 and an ERISA fiduciary with approximately $10 billion in assets under management. ARA, through its funds and separate accounts, acquires real estate investments throughout the United States.
The Role
The Accountant is responsible for maintaining accounts payable and other corporate accounting functions for ARA.
Essential Functions
- Code, enter, and track all corporate payables.
- Pay invoices on a timely basis.
- Call vendors with questions regarding accounts payable.
- Maintain vendor list.
- Setup new vendors, including OFAC search and W9.
- Prepare and file annual 1099 filings.
- Monthly billing of professional fee and expense reimbursements to clients.
- Perform expense allocation calculations in accordance with the Allocation Matrix.
- Perform review and coding of employee expense reports.
- Perform account and bank reconciliations.
- Research and correct account discrepancies, as necessary.
- Prepare and maintain journal entry logs.
- Perform month-end close of Accounts Payable.
- Prepare weekly bank balance and A/R aging reports.
- Prepare corporate wire transfers.
Essential Business Experience and Technical Skills
- Bachelor's Degree in Accounting, Finance, or Business
- Minimum of five years of experience with accounts payable, receivable, and general accounting.
- An emphasis on the real estate industry preferred.
- Knowledge of GAAP and tax basis books.
- Experience with accounting processes, controls, and procedures with a focus on the accounts payable and receivable function.
- Knowledge of accounting systems and the interaction of these systems with control procedures and individual processes.
The ideal candidate for this role will exhibit competency in the areas listed below. At ARA, we see possessing these traits as vital to the success of the position:
- Creative Thinking – Must be a creative and innovative thinker who can translate thoughts into actionable items.
- Works Collaboratively – A team player with a commitment to achieving objectives through an understanding of the overall goals of the firm.
- High Energy – Able to work in a fast-paced, dynamic environment with many stakeholders where multi-tasking is essential.
- Models Our Values – Conducts daily business and interactions with mindfulness that reflects the firm's culture and promotes ARA's values and standards.
- Results Driven – Seeks to outperform expectations and provide the firm with competitive advantages. Utilizes creativity while taking an analytical and context-driven approach to problem-solving.
- Expected work hours: 8:30 to 5:30, Monday through Friday with occasional weekends.
- Travel: Occasionally may need to drive a personal vehicle for business.
- Work environment and physical demands: General office environment.
American Realty Advisors is committed to equal employment opportunity. We do not discriminate based on an individual's race and associated traits, sex, gender, religion, color, national origin, ancestry, physical or mental disability, medical condition, marital status, registered domestic partner status, sexual orientation, gender identity and expression, age, genetic information, military, and veteran status, or any other basis prohibited by state or federal law. This policy governs all aspects of employment at American Realty Advisors, including hiring, assignments, training, promotion, compensation, employee benefits, employee discipline and discharge, and all other terms and conditions of employment.
ARA considers for employment qualified applicants with criminal histories in a manner consistent with the requirements of the Los Angeles Fair Chance Initiative for Hiring Ordinance No. 184652.
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