What are the responsibilities and job description for the Property Accountant position at Fairstead?
Fairstead is a vertically integrated real estate company specializing in affordable and mixed-income housing. Since 2014, Fairstead has acquired and/or developed more than $4 Billion of multifamily property across the country, and today owns a portfolio of 16,500 apartments in 18 states. The company’s comprehensive platform provides hands-on expertise across all multifamily disciplines, including acquisitions, development, design and construction, energy and sustainability, property management and social services.
Fairstead’s primary mission is to provide high quality housing to all regardless of income, and to make our stakeholders feel “Right at Home.” We accomplish this through an empathetic and innovative approach, and by utilizing our interdisciplinary platform as an investor, developer, owner, and operator. Fairstead provides hands-on expertise across all multifamily disciplines, including acquisitions, development, design, construction, energy, sustainability, property management and social services. With a long-term commitment to its residents, communities, and partners, the Fairstead team stands out by:
- Listening to and understanding the needs of its residents, communities, partners, and stakeholders alike
- Developing and preserving high quality affordable housing in an innovative and sustainable fashion
- Creating a positive social and environmental impact within the properties and communities it serves
Fairstead’s Core Values
- Empathy
- Innovation
- Entrepreneurship
- Determination
- Integrity
Position Description:
Fairstead is now seeking a Property Accountant to join it's accounting and finance team to oversee our growing nationwide portfolio. This is a growth opportunity to work for a rapidly expanding owner and investor of low income housing tax credit properties throughout the country.
- Review and analysis of financial data for each property to ensure accuracy
- Assist in the monthly reconciliations of all monthly closeout activities
- Support the collection & organization of due diligence materials & dissemination to buyer/seller/broker.
- Prepare all journal entries, monitor & analyze GL accounts monthly to ensure accuracy with coding and description
- Prepare financial reports for management, investors, and banks
- Provide support and assistance to the operations teammates on accounting related matters for properties
- Complete a variety of special projects including automating and increasing efficiencies of processes, developing training materials, creating value-add reports, and providing support to other departments
Requirements
- Bachelor’s Degree in Accounting and a minimum of 3-5 years of work at an affordable housing/tax credit developer ; CPA or previous public accounting experience preferred.
- Excellent communication skills both verbal and written.
- Experience training staff.
- Strong organizational, time management and prioritizing skills.
- Accuracy and attention to detail while working at a fast pace and under tight deadlines.
- Excellent computer skills:
- General understanding of advanced computerized accounting systems
- Excellent working knowledge of Excel.
- Strong attention to detail
- Desire to thrive and be successful in a fast-paced, deadline driven, high-growth, entrepreneurial environment.
