Project Accountant, The Reinvestment Fund

Posted by on May 13, 2013

About The Reinvestment Fund (TRF):

TRF is a national innovator in capitalizing distressed communities and stimulating economic growth for low- and moderate-income families.  TRF identifies the point of impact where capital can deliver its greatest financial and social influence.  TRF’s investments in homes, schools, and businesses reclaim and transform neighborhoods, driving economic growth and improving lives throughout the Mid-Atlantic region.  Since its inception in 1985, TRF has made over $1 billion in community investments. http://www.trfund.com

About TRF Development Partners:

TRF DP is a TRF affiliate and a non-profit housing developer with two core lines of business: community redevelopment and affordable housing.

TRF DP’s community development projects are long-term investment strategies.  The investment goal is positively impacting local market conditions with housing investments which drive neighborhood improvement and change market dynamics.  Our investment strategy is building from strength. We identify distressed areas near regional assets and leverage these assets with significant funding in weaker housing stock.  TRF DP has 6 active community development projects.

TRF DP’s affordable housing work seeks to create high-quality affordable rental housing.  Our work focuses on utilizing LIHTC to create or preserve housing in stable communities with affordable rents for working families and retired senior citizens.

We work collaboratively to initiate and implement development as a catalyst to market growth.  Where some see obstacles, we see the opportunity for repositioning markets and creating vibrant communities.  http://www.trfdevelopmentpartners.com

Opportunity:

Working in the corporate headquarters’ Philadelphia, PA office, the Project Accountant will work under the direction of the Accounting Manager and be responsible for day to day accounting operations of an affordable housing development and property management company using the industry-specific software program IHMS to record, track, and report accounting and compliance data.  Responsibilities include: review of work orders and contracts to ensure compliance with contractual terms and conditions; accounts payable function; accounts receivable for rental units; cash reconciliation; create and post month-end GL journal entries and review GL accounts and job costs; and compliance tracking and reporting associated with federal grant subsidies, insurance certificates, vendor W-9’s, 1099’s, etc.

TRF DP offers the right results-oriented individual the opportunity to combine business acumen and financial skills with a social mission.  A career at TRF Development Partners provides an opportunity to learn, train and contribute to its strong social mission with some of the best talent in the community development field.

Essential Duties:

General Accounting

·         Code, enter, and process all accounts payable and disbursements
·         Process and enter all accounts receivable for rental units, as well as cash receipts in IHMS system
·         Manage draws
·         Conduct daily reconciliation of cash log
·         Manage month-end processes: post reoccurring monthly GL entries; reconcile cash accounts; conduct GL account review; review GL reports – A/P, A/R, job cost review

Compliance

·         Manage contractor work orders and contracts to ensure compliance with contractual terms and conditions.
·         Manage compliance on all disbursements (lien waivers, MBE/WBE forms, etc.)
·         Manage insurance requirements for all properties

Qualifications:

To perform this job successfully, an individual must be able to perform each essential duty. The requirements below are representative of the range of knowledge, skill, and/or abilities required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

·         Bachelor’s degree in Accounting or related field of study is required
•        5-7 years prior accounting experience in the construction and/or property management industries is required – affordable housing experience is a plus
•        Experience with industry specific software packages for recording, tracking, and reporting on project budgets, accounting, and compliance requirements is required.  Experience with Integrated Homebuilder Management System (IHMS) is a plus
•        Highly proficient in MS Excel
•        Strong attention to detail is required
•        Able to work independently and as part of a project team.
•        Ability to meet strict monthly closing and reporting requirements schedule
•        Strong and demonstrated written and verbal communication skills.

Compensation and Benefits:

TRF offers a competitive salary based on experience and skills, as well as an excellent benefits package including employer-paid health, disability and life insurance, 401(k) savings plan with employer match, flexible spending accounts (medical, dependent care, and transportation), tuition reimbursement, generous paid time off, and EAP program.