Summary 

 

Reporting to an Accounting Manager, this position will be responsible for handling predevelopment and construction phases of the new construction projects, acquisition and rehabilitation projects and a portion of the portfolio for properties that are going through reorganization, refinancing, litigation, major repairs, and/or resyndication. This person performs day‐to‐day general ledger accounting activities, monthly reconciliation process and month‐end close draw process. This position works closely with project managers and requires a working knowledge of construction deals and financing from a GAAP perspective.

This position requires a highly detail‐oriented individual with good written and oral presentation capacities.  The role is in an active office environment and must help build a strong accounting team

The Finance & Accounting Team at BRIDGE has 40 staff members split across three teams: Corporate, Property Management, and Development. 

Responsibilities 

 

FINANCIAL STATEMENTS 

Produces quality, accurate and timely monthly financial statements by preparing GAAP monthly journal entries and account reconciliations. Entries include:Reconcile and amortize prepaidsExpense accrualsDebt reconciliations and interest accrualsInsurance claim reconciliationCapitalize fixed assetsReconcile and record draw fundingCategorize and record general contractor pay applications Non‐affiliated developer fee paymentsNon‐affiliated partner equity accrualsCash receipts of Accounts payable reconciliationReserve‐in‐transit reconciliationConstruction loan closing entries Records bank reconciliations monthlyReviews and approves accounts payable entries entered by accounts payable clerkExecutes accurate and timely electronic approval packages for book transfers and wire transfers for draw funding, payments to vendors, capital contributions, intercompany lending repayments, and transactions between projectsPrepares payment requests and backup documentation for urgent or non‐routine payment requests from developmentRecords and reconciles construction draw activities, including general contractor retention accrualMaintains all project financial files and statements and provides to auditors, investors, lenders, development partners, and external agencies as required

EXTERNAL AUDITORS 

Prepares and submits detailed financial statement audit packages annually for pre‐construction and construction period projectsResponsible for addressing all open items under manager’s guidancePrepares and submits workbooks and audit packages for a cost audit during the construction completion phase 

CONSTRUCTION DRAWS 

Monthly completion of draws for external and internal funding, including projects with multiple funding sourcesSets up draw budgets with project manager under accounting manager’s guidance, including sources and uses and budget category mapping 

SPECIALIZED REPORTING AND AD HOC PROJECTS 

Assists in preparing and submitting ad hoc reporting as needed to external entitiesPerforms various projects and analysis as requiredPrepares monthly and quarterly financial and draw reporting for the senior management group and the boardConstruction project reportPre‐development draw summary report o Hard cost construction progress reportIntercompany lending analysisPlaced‐in‐service package due date report

COMMUNICATION AND PROCESS IMPROVEMENT 

Communicates effectively with development, investors, lenders, development partners, and external agencies Actively participates in meetingsContinuously looking for ways to streamline the draw and monthly close process while ensuring quality and accuracy of the financial statements
 

Qualifications 

 

Bachelor’s degree in Accounting or BusinessStrong analytical, organizational and problem‐solving skillsProven proficiency with computer skills including ExcelWorking knowledge of GAAPAccounting software experienceStrong written and oral presentation capabilityDemonstrated ability to work efficiently under manager’s supervision to meet time sensitive deadlinesAbility to work harmoniously in a multi‐cultural team
 

Preferred Qualifications 

Experience with Yardi Prior low‐income housing finance and development experience Relevant development accounting work experienceConstruction development accounting

 

BRIDGE Housing is an Equal Opportunity Employer committed to fostering an inclusive environment for our diverse workforce. We do not discriminate on the basis of race, religion, color, national origin, gender identity, sexual orientation, age, marital status, veteran status, or disability. Pursuant to applicable state and local regulations, we will consider qualified applicants with arrest records