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About the Role

Prime Residential is seeking a Senior Associate, Accounting to join the Prime Residential Finance team. This role will support and modernize corporate accounting operations, improve workflows, build repeatable processes, and partner with external advisors in a growing business. The Senior Associate will report directly to the Director, Corporate Accounting and own core accounting processes for the Company’s funds and investment entities, and manage day-to-day activities of the third-party administrator responsible for Prime’s management companies.

Responsibilities

Manage accounting operations and investor records of investment funds and entities, including capital accounts, capital calls, distributions, and investment funding activities.
Prepare monthly, quarterly, and ad-hoc investor reporting, including capital account statements and responding to investor requests.
Assist with track record updates and performance calculations for the investment portfolio.
Monitor liquidity and prepare cash forecasts, capitalization reports, and distribution analyses.
Calculate and coordinate management fee accruals and payments in accordance with governing agreements.
Perform monthly reconciliations of balance sheet and income statement accounts, including variance and fluctuation analysis.
Prepare full GAAP financial statements, including footnotes.
Lead audit process, including preparation of PBCs, responding to inquiries, and addressing auditor comments.
Support annual tax compliance efforts by preparing schedules and responding to tax team requests.
Manage debt covenant compliance and reporting in coordination with the capital markets team.
Partner with acquisitions and capital markets teams to coordinate new investments, funding activities, and accurately record related accounting entries.
Partner with the property accounting team to ensure timely and accurate reporting, including capital expenditure review and depreciation.
Oversee and review work performed by third-party accountants for management company, including AP, expense allocations, cash activity, and monthly reporting.
Assist in developing, documenting, and improving accounting policies, procedures, and controls.
Support process improvement and automation initiatives and other ad-hoc projects as directed by the Director of Corporate Accounting, SVP of Accounting & Tax, or CFO.

Requirements

Bachelor’s degree in Accounting, Finance, or a related field.
2 to 5+ years of accounting experience, preferably within real estate or multi-family investments.
Audit experience and CPA a plus.
Experience preparing GAAP financial statements and consolidations for real estate partnerships.
Strong MS Excel skills and proficiency in Microsoft Office.
Detail-oriented with exceptional organizational skills.
Ability to work independently and as part of a team.

Skills

MS Excel
Microsoft Office
RealPage (a plus)
GAAP financial statements
Consolidations for real estate partnerships

Location

Hybrid

Work Type

Hybrid
On-site three days a week

Experience Level

2 to 5+ years of accounting experience

Education Level

Bachelor’s degree in Accounting, Finance, or a related field

Salary/Compensations

$118,440 to $131,600 per year + discretionary bonus

Benefits

Comprehensive medical, dental, and vision coverage, including a zero-cost medical plan option.
PTO plus company-wide holidays, 2 floating holidays, a day off for your birthday, and a day to give back through volunteering.
Paid Parental Leave.
401(k) retirement plan including a Roth option and a company matching contribution for eligible participants.
Tuition reimbursement.
Exclusive housing discounts at Prime-managed properties.

About the Company

Prime Residential is an established owner and operator of more than 21,000 multifamily apartments and townhomes, providing appealing amenities and superior customer service in some of the most sought-after locations along the West Coast.
We are committed to maintaining a richly diverse and inclusive company culture where all people feel welcomed and valued.

Equal Opportunity

Prime is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.
Prime is also committed to compliance with all fair employment practices regarding citizenship and immigration status and, where applicable, pursuant to the San Francisco Fair Chance Ordinance, we will consider qualified applicants with arrest and conviction records.