What are the responsibilities and job description for the Senior Accountant position at Flock Homes?
Why Flock?
There are 17 million Americans who own rental property. Most don't want to be landlords anymore, but selling isn’t a good option. Why? You’d lose income and appreciation, trigger tax liabilities, kick out your tenants, have to fix up the house – the list goes on! Flock is here to help.
Flock is building the retirement solution for landlords. We’ve created the first tech-driven 721 Exchange to help individual rental property owners seamlessly convert their real estate into passively owned shares in a professionally managed portfolio of homes. Some people call it the UPREIT; we call it "The People’s REIT."
In a traditional property sale, the transaction marks an end to the buyer/seller relationship – not so with Flock. When owners contribute their real estate to Flock’s portfolio, a new journey begins: one that has been carefully crafted to both relieve their pain points and provide tangible benefits for years to come. It’s a better way to sell and a better way to own real estate.
We’re fortunate to be backed by a great group of venture capital firms, including Andreessen Horowitz, Human Capital, Susa Ventures, Box Group, and Primary Venture Partners, as well as a large network of strategic investors, including 1Sharpe Ventures, Redwood Trust (NYSE: RWT), Fred Tuomi (former CEO of Invitation Homes), and Eric Wu (former CEO of Opendoor).
The Position
Flock is looking for a Senior Accountant who is excited to embark on a dynamic journey through the intersection of investment management, real estate, and technology. The Senior Accountant will support the firm’s Controller in delivering mission-critical financial information to internal and external stakeholders, ultimately fueling growth and supporting a novel, industry-defining solution for landlords.
Responsibilities:
- Calculate income allocations and fund management fees
- Calculate equity pickups and produce consolidated financial statements
- Prepare reconciliations for GL accounts
- Amortize intangible assets
- Assist with yearly audit
- Review and record property valuations
- Prepare insurance/tax/HOA schedules
- Assist in treasury and banking functions
Qualifications
- Bachelor’s degree in accounting, finance, or equivalent subject
- 3 years real estate and/or fund accounting experience preferably from a Big 4, or fund sponsor or operator
- Ability to work independently on multiple projects with strict deadlines
- Proficiency in Yardi is a plus, but must have prior experience
- Proficiency in Excel is a must
- Impeccable attention to detail
- Exceptional moral compass, strong sense of grit, and desire to take full ownership