Assistant Controller - Full-Time Day Shift

Employer
Victory Housing
Location
Rockville, MD
Posted
Jan 26, 2022
Closes
Jan 28, 2022
Ref
331261034
Function
Accountant, IT
Hours
Full Time
Rockville, Maryland Telework Options Free Parking On-site Gym GENERAL RESPONSIBILITIES: The Assistant Controller assists with the growing accounting and financial management needs of Victory Housing and its affiliated corporations. These corporations are involved in the development and operation of affordable housing for low- and moderate-income senior citizens and families. SPECIFIC DUTIES: Audits * Assists with preparations for audits. * Works to reconcile accounting inaccuracies or imbalances. * Create, modify, or change audit templates for all projects. Work together with all property management firms to achieve accurate reports. * Set outline of goals for the accounting personnel on the upcoming audits. * Delegate audit tasks as needed to meet deadlines. * Review the audit year-end schedules / adjustments that are recorded and presented accurately as well as timely. * Seek the minimization of risk related to material misstatements in our accounting records and the improvement of our efficiencies. * Review intercompany transactions and to produce the audit reports elimination entries as necessary for consolidated statements at year-end. Debt/Loans * Monitor all short- and long-term notes among affiliates. * Set up loan confirmation letters. * Update notes during development using pro-forma. * Adjust reports after closing on new projects. * Create future payment projections based on amortization. * Create amortization based on terms. * Monitor debt against budget. * Analyze Inter-Company Loans activity in accounts payable and accounts receivable. * Monitor requests for related adjustments. Developments in Progress / Construction in Progress / Fixed Assets * Evaluate development- and construction-in-progress activity. * Create elimination entry (ies). Affiliates * Uses accounting software to maintain records and prepare reports. * Analyze financial statements for all nonprofit and partnerships and adjust yearly transactions based on the closing memo. * Set parameters and oversee the integration of the monthly activities for 22 affiliated subsidiaries which are outsourced to management companies into our ERP system. * Examine the financial reports provided by the management companies. * Communicate with key personnel in the management companies regarding procedure requests, adjustments and/or supporting documentation when needed. Grants * Analyze and classify restrictions based on grant terms. Update template as needed. * Net assets releases. * Create, modify, or change audit templates for all projects. Work together with all property management firms to achieve accurate reports. * Set outline of goals for the accounting personnel on the upcoming audits. * Delegate audit tasks as needed to meet deadlines. * Review the audit year-end schedules / adjustments that are recorded and presented accurately as well as timely. * Seek the minimization of risk related to material misstatements in our accounting records and the improvement of our efficiencies. * Review intercompany transactions and to produce the audit reports elimination entries as necessary for consolidated statements at year-end. Supervise other accountants on the following: * Preparations of accounting schedules for fixed assets, prepaid expenses, loans deferred revenue and other accounting operation reports. * Implementation of integration procedures for the affiliated subsidiaries. * Delivery of Audit tasks. Requirements: CPA Must be fully COVID-19 vaccinated with verified third party vaccination card or medical record:

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