About TruAmerica

Founded in July 2013, TruAmerica Multifamily is a partnership between industry veteran Robert E. Hart and The Guardian Life Insurance Company of America. The company is based on the premise that tremendous upside potential remains in mid-tier apartment communities that can be unlocked through tailored renovation, repositioning strategies, and focused management. TruAmerica Multifamily is a privately held, fully integrated, real estate investment firm that invests in apartment communities located in primary and secondary markets throughout the country. We continue to grow by selectively acquiring, redeveloping and effectively managing multifamily properties. TruAmerica has grown to become a Top 25 apartment owner in the United States, according to the National Multifamily Housing Council (NMHC) and is the youngest manager in the NMHC Top 50. Today TruAmerica has over 60,000 units in 25 high growth markets and approximately $16 billion of assets under management.

Objective

Reporting to the CFO, the Director of Accounting will be responsible for overseeing the property level financial reporting process to ensure accuracy and minimize audit changes. This role is also responsible for maintaining the books for several executive pool and carried vehicle entities, treasury management and training of all accounting staff. 

Tasks and Responsibilities

Team Leader:

• Lead and mentor a team of 10 accountants, 3 Assistant Controllers and the Controller in property level accounting, inclusive of monthly financial reports, distribution and capital improvement draws.
• Drive process improvements and automation efforts to standardize and streamline policies, procedures and systems to improve efficiency and effectiveness.
• Develop, implement, and maintain accounting systems and policies in accordance with US GAAP to maintain internal controls and proactively prevent and resolve audit issues.
• Responsible for training and development of all members of the accounting team.
• Evaluates the accounting team workload and streamline processes as required.

Financial Audits, Tax Return Preparation & Related Consulting Engagements:

• Lead the work of external audit and advisory firms, including facilitating engagements, meetings, providing information, reviewing results, and ensuring deadlines are met.
• Ensure cost segregation and PPA/ASC805 reports are engaged timely for all new acquisitions.
• Perform other duties as assigned by the CFO.

Treasury Management:

• Departmental oversight and approvals in treasury management.
• Review backup provided with each transfer and wire request for accuracy.
• Approve daily wire and transfer requests.
• Set up and manage users in each banking institution's online portal.

Financial Reporting and Operational Budgeting:

• Oversees the monthly financial reporting process for the various Property Management Companies (PMC) to ensure timely and accurate reporting for J&B assets.
• Prepares monthly or quarterly cash flow reports to accurately calculate distributable cash flow for each asset.
• Maintains preferred interest or internal rate of return (IRR) schedule with distribution and capital call amounts. 

Executive Pool and CV Books:

• Maintain the books for all executive pool and CV entities.
• Calculate bi-annual executive pool distributions.
• Update executive pool capital statements with bi-annual distributions and capital event distributions. 

Abilities/Qualifications

• Bachelor's degree in Accounting or Finance required.
• Yardi Voyager and/or RealPage property management software experience is required.
• Knowledge of Generally Accepted Accounting Principles (GAAP), modified cash basis and cash basis accounting.
• 5 years of multifamily real estate experience required.
• 3 years of experience in managing accountants and accounting processes.
• Ability to multi-task and work with minimal supervision; must be thorough, detail-oriented, and have excellent follow-up skills.
• Must be able to work in a fast-paced environment and meet deadlines in a timely fashion.
• Must have strong analytical skills and be a highly energetic team player with a positive attitude.
• Ability to communicate with all levels of management. 

Physical Demands

The 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.

• Ability to sit for up to 10 hours per day
• Ability to move freely around the office for up to 10 hours per day
• Ability to communicate verbally and in writing

Compensation Range

The salary range for the role is 

Equal Opportunity Employer

• TruAmerica Multifamily is an equal opportunity employer that is committed to diversity and inclusion in the workplace. We prohibit discrimination and harassment of any kind based on race, color, sex, religion, sexual orientation, national origin, disability, genetic information, pregnancy, or any other protected characteristic as outlined by federal, state, or local laws.
• This policy applies to all employment practices within our organization, including hiring, recruiting, promotion, termination, layoff, recall, leave of absence, compensation, benefits, training, and internships. TruAmerica Multifamily makes hiring decisions based solely on qualifications, merit, and business needs at the time.

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