Property Accountant

Job Description

Job Description

Edgewater Ventures is a rapidly growing commercial real estate investment firm that is focused on the acquisition and development of residential, industrial, office, life science, and mixed-use assets across the southeast. With over 100 years of combined experience and years of working together, the Edgewater team brings a unique corporate culture and passion for the industry that has consistently translated into exceptional results.

We are seeking a Property Accountant to join our dynamic team, primarily supporting ABODE Communities, Edgewater’s build to rent and multi-family platform. This role will be integral to the accounting and compliance functions for multiple real estate entities. You will work closely with development and asset management teams, as well as outsourced accounting partners, across a variety of projects. The position is on site in Raleigh, NC and reports directly to the Controller.

Responsibilities:

For ABODE Communities projects under development,

• Manage full-cycle accounting, including month-end close procedures, A/R and A/P processing and preparation of general journal entries
• Reconcile all accounts and produce monthly financial statements with supplementary reporting
• Prepare monthly bank reconciliations, monitor cash positions and anticipate future cash deficiencies
• Monitor and review monthly accruals, payables and receivables for accuracy and adjust/correct balances as needed
• Assist the development team with draw requests to various lenders and ownership groups
• Maintain vendor files and manage 1099 reporting

For ABODE Communities active projects,

• Collaborate with the ABODE asset management team to monitor cash positions and anticipate future cash deficiencies
• Review monthly financial reporting and collaborate with outsourced accounting teams to ensure accuracy
• Maintain equity and fixed asset roll forwards

For all ABODE Communities projects,

• Act as main contact for all project audits
• Ensure all taxes are reconciled and remitted timely
• Ensure that all financial reporting is in accordance with Generally Acceptable Accounting Principles (GAAP) or the Federal income-tax method of accounting, as required by ownership or lender
• Assist with various treasury needs, including positive pay administration
• Along with the Controller, provide assistance to external CPA for tax preparation and planning

For other Edgewater Ventures projects,

• Provide assistance to the Edgewater accounting team as needed for various tasks related to industrial and mixed-use assets, as well as management company entities

Requirements:

• Bachelor’s Degree in Accounting
• Advanced proficiency in Microsoft Office (Excel, Word, Outlook)
• Minimum of 2 years of experience in commercial real estate accounting preferred
• Experience with Yardi Voyager and/or QuickBooks is preferred

This is an exciting opportunity to join a high-performing team within a fast-paced and growing firm. If you are detail-oriented, collaborative, and passionate about real estate, we encourage you to apply.