Accounting Manager (Development Accounting)

Our Company:

Quarterra Group, Inc., a wholly-owned subsidiary of Lennar Corporation (NYSE:LEN and LEN.B) is a multi-strategy, real estate focused, alternative asset management company comprised of two rapidly growing verticals: Multifamily and Single-Family Rental. Launched in 2011, Quarterra Multifamily, previously known as LMC, is among the nation’s most active developers, builders, and managers and has been on the National Multi-Housing Council’s (NMHC) annual Top 50 list for eight consecutive years. Quarterra Single-Family Rental launched in 2020 to provide individuals, couples, and families who prefer to rent over home ownership the opportunity to live in exceptional neighborhoods with great amenities. For additional information, please visit Quarterra.com.

Summary of Position:

Responsible for assisting the Regional Controller in all financial reporting and accounting related services required by corporate accounting. Helps with month end close for the division and a portfolio of assets in joint ventures. Prepare reports for internal and external customers, including financial institutions and joint ventures. Assist with division business plan and projections and perform various analytical functions.

Principal Duties and Responsibilities:

• Responsible for meeting the timelines in the monthly financial closing schedule.

·        Review reconciliations and analyze various company General Ledgers.

·        Ensures accuracy of entries with appropriate documentation & support.

·        Prepare monthly and quarterly financial reporting packages including joint venture reports.

·        Review the proper recording, maintenance, and update of job cost budget revisions.

·        Coordinate and provide support for the budgeting and forecasting for the division, including the financial programs and modeling tools used.

·        Assist in the formation and monitoring of joint ventures and transactional closings by operating agreements and/or loan agreements. 

·        Assist with the formation, sale, and disposition of assets.

·        Prepare or review joint venture construction equity & loan draws.

·        Help coordinate and prepare schedules for annual joint venture audits and tax returns.

·        Assists with budget preparation and prepares monthly budget variance analysis.

·        Perform balance sheet account analysis and other analytical procedures as needed

·        Coordinates with tax consultant on property taxes, sales, and use taxes, and appeals.

·        Document and evaluate internal controls.

·        Assist with the adherence to corporate policies and procedures.

·        Work with the development team and AP closely to ensure timely payment of invoices.

·        Manage cash balance on bank accounts and prepare wire transfer requests.

·        Must be able to maintain a positive attitude and perform in a fast-paced environment.

·        Coordinate and efficiently communicate between various business segments.

·        Cross train for position(s) within the division organizational structure from time to time, as required by the division.

Education and Experience Requirements:

·        Bachelor’s in Accounting or related field is required

·        Experience with joint venture accounting is preferred

·        7 years of experience with a strong accounting/financial background in public accounting, public company, and/or multifamily or Real Estate construction industry is preferred

·        Excellent analytical skills and strong technical experience with Excel and other data analytic tools

·        CPA is preferred

·        Be a proven team player and leader that can work quickly, accurately, and independently in a fast-paced environment

·        Strong verbal & written communication skills

·        Strong prioritization skills while managing multiple tasks simultaneously

·        Organizational skills required; meeting deadlines in a timely manner

·        Strong analytical skills

·        Must possess professional attitude to represent company in a positive manner

·        Knowledge of Sage/Timberline, TimberScan, and Yardi a plus

Physical Requirements:

This is primarily a sedentary office position which requires the Development Accountant to have the ability to operate computer equipment, speak, hear, bend, stoop, reach, lift, and move and carry up to 25 lbs. Finger dexterity is necessary.

This description outlines the basic responsibilities and requirements for the position noted. This is not a comprehensive listing of all job duties of the associate. Duties, responsibilities, and activities may change at any time with or without notice.