Sr. Accountant- Financial Reporting

SUMMARY OF RESPONSIBILITIES

The Senior Accountant – Financial Reporting will analyze, research, and prepare financial information to support monthly reporting deadlines ensure timely completion and issuance of accurate Financial Statements in accordance with financial policies and Generally Accepted Accounting Policies (“GAAP”). Due to the fast-paced nature of the business, the Senior Acct must have a complete understanding of the full trial balance.  This role will leverage Generally Accepted Accounting Principles (“GAAP”) to record corporate transactions related to Aggregator entities (CHP, NRR, RR), TRS entities, SMA entities, debt and interest rate derivatives.  The Senior Accountant - Financial Reporting will work under the supervision of the Director of Financial Reporting and will assist with analyzing, researching, and preparing the financial information to support monthly, quarterly and annual reporting requirements.  In addition, this position will focus on the review of SMAs, including property level transactions, such as Revenue, R&M and Turn expenses, HOA Dues and Vacancy Costs.

 

ESSENTIAL DUTIES

• Specialize in learning and understanding the accounting activities of corporate accounting and financial reporting

• Prepare, examine, or analyze accounting records, financial statements, or other financial reports to assess accuracy, completeness, and conformance to reporting and procedural standards
• Ensure timely reporting of all monthly financial information

• Understand the full general ledger/trial balance in order to research variances noted during monthly close processes and complete complex accounting activities such as preparing and adjusting journal entries in accordance with GAAP
• Record debt transactions such as on-boarding new debt, interest rate derivatives, investment certificates
• Record and reconcile deferred loan costs; review for pending costs + Actual Billed with all corresponding teams
• Record and reconcile loan cost amortization; review and maintain monthly loan cost amortization schedules and record adjustments as needed
• Record and analyze Prepaid HOA Dues and other HOA expenses, including review  of properties that may be missing expense and/or dues not paid
• Record corporate transactions related to Aggregator entities (CHP, NRR, RR), TRS entities and SMAs
• SMA -analytic review of FS and work with FP&A to provide details stats/KPI of fluctuating costs such as vacancy, turn, maintenance, etc and confirm property level expenses with FKH business partners as needed
• Create Interco Equity Recon for cash exchanged during each month - ensure SMA cash is not comingled
• Cerberus Rebill - Review all invoices in full details with all corresponding teams, before presenting to Legal for approval
• Invoice Coding Assistance to ALL teams needing assistance
• Named Storms, accruals, receivable, flux reconciliation and monitoring

• Assist GL team as needed with accurate and timely monthly, quarterly, and year-end close activities

• Assist with routine accounting activities such as preparing and adjusting journal entries for corporate entities, consolidations and third-party management entities
• Assist in month-end close by providing financial schedules and analysis

• Assist with accurate consolidations of financial statements for both CCM and GAAP books, including automated consolidations in OneStream
• Assist Director of Financial Reporting and CAO with monthly FKHN review of Consolidated FS
• Develop and assist FP&A group monthly and quarterly financial reports for Cerberus, investors, and Lenders, as needed

• Understand and follow internal control policies, guidelines and procedures for all accounting activities
• Communicate with business partners to ensure completeness of monthly financial statements, including Capital Markets and Cerberus
• Resolve accounting discrepancies and research variances noted during financial statement reviews.
• Maintain accounting documents and retain an audit trail of all reconciling items
• Assist Senior Accounting Manager with audit deliverables as needed during the year end FS audit
• Assist with special projects when assigned by the Senior Accounting Manager and Chief Accounting Officer.
• Serve as a backup to other Accounting teams when needed, including assist with General Ledger and FP&A teams with month-end close and financial statement variance analysis

• This brief summary is not an all-inclusive description of job duties. Other job duties and responsibilities may also be assigned by the incumbent’s manager at any time based upon Company need