Director of Financial Reporting

DevCo is seeking a full-time Director of Financial Reporting to join our team in Minneapolis, MN. Reporting to the Chief Accounting Officer, and as a key member of the Accounting and Finance team will you’ll manage the production of financial reporting for the DevCo family of companies and have responsibility for Corporate Accounting, and Audit and Tax compliance.

About the Company

DevCo Residential Group is an integrated development and investment company focused on multi-family communities. Founded in 1994, the company and its affiliates develop, own, and manage over 10,000 affordable and market rate apartment units throughout the United States. Headquartered in Bellevue, Washington, DevCo is one of the largest providers of affordable housing in Washington State.

Mission:

Devco Residential Group’s mission is to develop, construct and manage high-quality multifamily housing that provides stability, fosters growth and delivers long-term value to our residents and stakeholders.

Vision:

DevCo’s vision is to be a leading developer, builder and manager of quality multifamily  housing throughout the western US.

Values:

• Quality:                We deliver excellence in every aspect of our work.
• Commitment:       We honor our promises with unwavering dedication.
• Teamwork:           We achieve more together through collaboration and respect.
• Integrity:               We uphold the highest ethical standards in all we do.

Benefits Offered

• Over 90% company paid medical benefits for employee coverage.

• 100% company paid dental and vision benefits for employee coverage.

• Healthcare and dependent care flexible spending accounts.

• Company paid life insurance, AD&D and long-term disability benefits for employee coverage.

• Best-in-class voluntary insurance benefits.

• Pre-tax and Roth 401(k) programs with a company match equal to 100% of the first 4% contributed by the employee.

• Discretionary bonus programs.

• Eligibility for a 30% housing discount consideration.

• Employee assistance program (EAP) with 24/7 counseling services.

• Company-sponsored industry training and certifications.

• 3 weeks of paid time off each year.

• Up to 12 paid holidays each year.

Pay Details: $175,000-$190,000/year

Schedule: Monday-Friday 8am-5pm

Job Responsibilities:

• Using Yardi, deliver credible and timely external and internal monthly and quarterly financial reports. In collaboration with FP&A, present quarterly results to our ownership group and external stakeholders with analysis and implications for underlying businesses.
• Responsible for compliance of all financial reporting requirements as outlined in partnership agreements, loan and regulatory agreements.
• Assess current reporting and systems, identify and implement opportunities for improvement. 
• Lead an ongoing implementation of Yardi Investment Accounting and Investment Manager and optimize utilization of Debt Manager module.
• Review financials, partnership agreements, loan documents, etc. to accurately incorporate financial structures into reporting software.
• Partner with Corporate Controller in year-end Audit and Tax return preparation by coordinating with external accounting firms.   
• Lead monthly cash calls providing oversight for cash distributions, adhering to waterfall structures that drive the priority of distributions. 
• Partner with the Corporate Controller to document and improve accounting policies, procedures and internal controls to maximize efficacy of software systems.  
• Work cross functionally to communicate and present financial findings. 

Qualifications:

• Bachelor’s degree in Accounting 
• Technically strong in Accounting, CPA preferred
• Real Estate experience, Affordable Housing preferred.
• Experience gathering requirements and designing and delivering financial reports for internal and external use. 
• Demonstrated success in presenting financial findings with in-depth analysis about the impact to the business.
• Experience in implementing and maintaining Yardi, or similar systems including MRI, Sage, Procore, Northspyre, Vena, including Investment Manager and Investment Accounting.
• Deep understanding of Audit and Tax compliance
• Experience managing Accounting teams with demonstrated success in an efficient, automated and compliant processes.
• Experience leading capital calls with adherence to waterfalls distribution model.

DevCo Management is an Equal Opportunity Employer

Salary : $175,000 - $190,000