Dawson Holdings, Inc. /

Pacific American Properties, Inc.

REAL ESTATE ACCOUNT MANAGEMENT

Local real estate development company seeks Account Manager to work closely with acquisition and asset management team to manage multifamily rental property developments. Account Manager responsible for partnership-level accounting and accounting and reporting to lenders, investors and regulators. Account Manager responsible for construction loan draws, investor capital installment draws and permanent loan conversions.

Qualified applicants will have a 4-year college bachelor's degree, at least 3 years' experience in real estate and partnership accounting and bookkeeping. Must be proficient in Excel and QuickBooks.

QUALIFICATIONS

• 
  College bachelor's degree in Finance or related field
• Minimum three year's work experience in real estate and partnership accounting and bookkeeping
• Expertise in Excel and similar spreadsheet programs and QuickBooks.

JOB DESCRIPTION

• 
  Review and understand all loans and loan documents. Set up Loan Summary schedules and amortization schedules, as necessary.
• Perform financial analyses of performance measurements to meet lender obligations (breakeven analysis, debt service ratio, maturing loans).
• Review and understand all partnership documents. Monitor compliance with partnership agreements. Review and understand organizational structures.
• Perform financial analyses of performance measurements to meet partnership and obligations (debt service ratio, stabilization requirements, etc).
• Arrange for payment of partnership fees and distribution of cash flow per terms of partnership agreements.
• Keep partnership records of properties up to date: property taxes, insurance, tax credits.
• Prepare ownership entity accounting books and Balance Sheet for each project.
• Review and pay all partnership invoices.
• Keep partnership financial records up to date: mortgage statements, property taxes, insurance, tax credit streams.
• Direct management companies preparation of partnership financial reporting and review all operating statements for each project. Includes setting up impound escrow schedules,
• Supervise establishment and monitor use of lender and investor required escrows, impound and reserve accounts.
• Review draft financials and tax returns..
• Know and understand real estate accounting standards and practices. Know when to capitalize and when to expense items and understand resulting impact on tax returns.