Full Job Description
Peak Capital Partners is a Utah-based real estate private equity firm that owns and operates multi-family properties in key growth markets in the Southeastern and Western regions of the United States.
PRIMARY FUNCTIONS AND RESPONSIBILITIES
This position is primarily responsible for overseeing the daily accounting operations, including tax compliance and reporting and investor financial reporting. The position currently has three direct reports, three additional reports, and reports to the CFO. In addition, this position will be responsible for recommending internal control and overall process improvements to the CFO.
QUALIFICATIONS, SKILLS AND EXPERIENCE
The following are the qualifications, skills and experience needed for this position:
Bachelor's degree or above in Accounting or related field
4-5+ years work experience in Accounting
Some exposure to partnership and corporate tax returns
Knowledge and understanding of current tax code and US GAAP
Very detail-oriented with desire to "jump in" and learn
Proven ability to multi-task in a fast-paced environment
Has been responsible for the review of others' work and providing feedback to direct reports
Microsoft Excel and Word proficiency
Supporting all aspects of tax compliance, in cooperation with CFO and Peak's outside CPAs. Keen understanding of Peak's partnership structures and Peak's organizational structure will need to be gained.
Coordinating cost segregation studies on new acquisitions, and preparing JE for posting to Yardi
Periodic estimated tax payments, withholdings and timely filing
Responding to tax notices, in cooperation with our outside CPAs
Annual 1099 reporting
Entity and registered agent renewals, dissolutions and closures
Delivery of annual K-1s to investors and investor tax correspondence
Approval of journal entries - Ensure accurate recording of transactions in accounting system in accordance with accrual basis of accounting
Ensure successful implementation of Yardi IM and work with VP FP&A to successfully implement Juniper Square
Monthly and quarterly financial statement consolidation preparation for Peak's equity partners
Furnish support to quarterly financial statement consolidations
Financial statement audit assistance
Managing all aspects of transitions, including posting settlement statements, closing out old bank accounts and distributing final funds timely and maintaining transition checklist
Unification of property codes across portfolio
Preparation of corporation budget each year, and monitoring performance. Reporting monthly results to CFO.
Intercompany balance tracking and settlement
Detail review and approval of A/P invoice allocations to certain entities in the Peak group
Recommend and implement process and internal control improvements throughout department
Deal close payment support and setup in accounting and investor systems
Property funding as requested by asset managers
Quarterly investor distributions
Daily supervision of banking operation
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The noise level in the work environment is usually moderate. This position will require minimal to no travel.