Real Estate Accountant

THE COMPANY: Discovery Capital is a privately owned design-build and property management firm based in Columbia, Missouri. For more than 20 years, we have fulfilled community needs by building a diverse commercial and residential real estate portfolio across the Midwest. Over the years, our portfolio has grown to include hotels, restaurants, mixed-use and market-rate communities, in addition to commercial and retail spaces. We remain focused on our plans for growth and currently have several exciting projects under construction and in queue! 

COMPENSATION RANGE: Base salary range of $100,000–$120,000 based upon applicable work experience

REAL ESTATE ACCOUNTANT POSITION:
We are looking for a Real Estate Accountant that can adapt and wear multiple hats within our Accounting Team. This position will handle the full-cycle accounting process for a group of diverse entities and partake in the financial analysis of our business operations. The Real Estate Accountant oversees the monthly close and financial reporting for a group of separate but affiliated companies operating in real estate (approximately 1,000 residential units and a commercial portfolio). 

REAL ESTATE ACCOUNTANT RESPONSIBILITIES:

• Full cycle accounting for assigned entities, including financial statement preparation
• Month-end close and financial reporting
  • Review balance sheet by property and by entity, including clearing accounts, due to/from accounts, security deposits, payments in transit, etc. 
  • Review income statements current month against prior month 
  • Review and approve adjusting journal entries, fixed asset activity, and depreciation
  • Prepare consolidated financial statements after individual entity review is complete

• Cash & Banking
  • Review bank reconciliations across all entities and maintain the tracker showing who reconciles which account and what remains open
  • Oversee daily cash movement between entities and zero balance account activity
  • Reconcile general ledger debt balances, accrued interest, and escrow balances against the loan schedule to ensure accuracy

• Compliance & Other Accounting
  • Oversee sales and use tax filings across entities and confirm they are filed accurately and on time
  • Oversee intercompany invoicing and reimbursement billing between entities
  • Review the payroll general ledger export and resolve allocation and mapping issues between the payroll system and the general ledger
  • Review accounts payable weekly to stay current on spending activity 
  • Coordinate with the outside CPA firm on year-end reporting and tax information requests

• Systems
  • Serve as the QuickBooks Online administrator for user access, permissions, and chart of accounts changes

REAL ESTATE ACCOUNTANT REQUIREMENTS:

• Bachelor’s Degree in Accounting or equivalent experience required
• 5+ years of progressive accounting experience, including monthly close and financial statement preparation for multiple legal entities
• Experience with consolidations and intercompany accounting
• Proficient in Quickbooks Online
• Excellent organizational skills and analytical abilities
• Ability to work well in a collaborative environment