Real Estate Fund Accountant

About the Company

BDP Impact Real Estate was founded in 2014 to create innovative real estate investment solutions that solve important social challenges. We've developed and acquired over $600M in affordable housing and community development projects by finding common ground between the needs of communities, end users, and investors. We serve as Fund Manager for the Community Solutions Large Cities Housing Funds I & II. These funds raise capital from socially-minded investors and acquire existing multifamily properties in cities across the country. Once acquired, 50% of units are dedicated to workforce housing and 50% serve as permanent supportive housing for veterans experiencing homelessness.

Our Values: We believe that creating pathways for private capital to invest responsibly in affordable housing is the only sustainable solution to reducing inequality and homelessness in our country. As a small company, we take pride in being lean, entrepreneurial, and impact-focused. We insist on a culture of respect and appreciation for diversity.

About the Role

BDP is seeking a hands-on, experienced accountant to assist with all aspects of accounting, finance, and reporting for the Fund. This role reports directly to the Director of Finance.

Responsibilities

• Reviewing monthly property financial statements prepared by third-party property managers at each property to ensure accuracy
• Creating and maintaining work papers for each property
• Proposing journal entries when needed and investigating any accounting questions and errors
• New property initial journal entry and reconciliation
• Data formatting of monthly financials and uploading them to Yardi Breeze
• Updating Operations report monthly
• Budget analysis and uploading to Yardi Breeze
• Providing accounting support to the team and assisting with audit process for the Fund and Fund properties
• Assisting with banking transfers and wires if/when needed
• Assisting with Investor deck reporting if needed
• Assisting with making online payments for certain invoices if needed
• Ad hoc reports when needed
• Working closely with the Fund’s third-party tax and audit service providers to collate information, answer questions, and ensure timely completion of tax returns and the annual audit
• Assisting with the quarterly asset valuation process in coordination with third-party service providers

Requirements

• Bachelor's degree in accounting/finance or related field
• 5+ years of related accounting and financial operational experience; multifamily real estate experience preferred
• Strong Excel skills
• Familiar with property management software systems; experience with Yardi a plus
• Demonstrated ability to deliver accurate results and reports within deadlines
• Demonstrated ability to communicate clearly and effectively with internal and external constituents
• Strong mastery of standard accounting concepts, practices, and procedures within the real estate industry
• Familiar with fund and partnership accounting
• Demonstrated ability to assess, analyze, and improve accounting systems
• Effective interpersonal skills, including the ability to work across the functional lines of a fast-paced company
• Shared passion for company’s social-impact mission

Benefits

• Comprehensive health benefits including medical, dental, and vision coverage
• 17 days of paid time off plus 10 holidays, including a full week off between Christmas and New Year's Day
• 401(k) retirement plan with company match
• Professional development opportunities

Pay

We are offering a competitive salary with a target of $85,000.