CREA, LLC is a full-service low-income housing tax credit (LIHTC) syndicator forming long-term relationships with investors and developers that cultivate success and improve lives. With over 20 years in affordable housing, CREA has raised $11.2 billion - resulting in the formation of 84,000+ homes within 924 communities across the country. Thanks to the contribution of over 150 employees, CREA continues to look for talented and passionate individuals who are excited about opportunities to grow with us into the future.
Position Summary
The Senior Accounting Analyst will be responsible for handling various aspects of accounting for CREA, LLC and the CREA Foundation. The candidate has a direct responsibility for maintaining general ledger accounts and cash accounting, including processing receipts for all accounts receivable and performing bank reconciliations, preparing journal entries and posting to the General Ledger, and producing various accounting and financial reports. More detail on the responsibilities mentioned above may include but are not limited to the following responsibilities.
Primary Responsibilities
Revenue/Billing (30%)
Monitor and track all project-related revenue related to closing fees and revenue projections
Invoice Lower Tier Asset Management Fees
Invoice as needed Syndication Fees, Tenant File Fees, and Construction Fees;
Monitor collections of all fees, including Asset Management and Deferred fees
Treasury/Cash Management (20%)
Process all previous day wire activity in the accounting system;
Approve outgoing wires/transfers;
Process all receipts for accounts receivable;
Monitor bank accounts for sufficient cash on a daily basis;
Perform Bank Reconciliations on a monthly basis for all bank accounts.
Financial Reporting (10%)
Assist in the preparation of support needed for interim audit, year-end audit, and tax filings;
Assist in the preparation and review of monthly financial reports;
Prepare and process various journal entries in the general ledger;
Prepare and maintain other monthly reports on an as needed basis
Foundation Accounting (CREA Foundation) (10%):
Prepare support needed for interim audit, year-end audit, and tax filings;
Prepare and review monthly financial reports;
Prepare and process various journal entries in the general ledger using QuickBooks;
Prepare and maintain other monthly reports on an as needed basis
Fixed Assets (10%)
Set-up new fixed assets in accordance with IRS requirements and CREA best practices
Review list of fixed assets on a monthly basis for any old assets that need to be disposed
Process journal entries to record asset additions, disposals, and depreciation
Prepare support needed for the personal property audits
Leases (5%)
Responsible for entering all lease payments in Tracker
Responsible for setting up/maintaining all Lease Liability Schedules
Prepare monthly journal entries for leases.
Miscellaneous & Technology (5%)
Act as primary liaison between Finance & Accounting and IT
Serve as team lead on any F&A IT related projects and updates
Accounts Payable (5%)
Act as primary backup for Accounts Payable
Weekly- process accounts payables including tracking deal related expenses;
Monthly- review, evaluate and process employee expense reimbursements according to company guidelines.
Travel & Expense System Administrator (5%)
Act as a primary backup for Travel & Expense System Administrator, AMEX billing & reporting
Reconcile Egencia reports and AMEX billing;
Process journal entries to record expenses, including tracking deal related expenses
Various miscellaneous accounting activities include, but are not limited to:
Maintain and update entity reports for internal and third-party purpose
Serve as back-up for other CREA accounting functions as needed;
Manage relationships with external parties on an ongoing basis.
Job Requirements
This position requires a bachelor’s degree in accounting and a minimum of four years public and/or accounting experience. Requires knowledge of Microsoft Office Suite, with an emphasis on Excel; knowledge of Microsoft Dynamics/Great Plains, QuickBooks, Sage Intacct, and Sage Fixed Assets Software is a plus. CPA is a plus, but not required. This position requires communication skills for internal and external relationships. Must possess and be able to demonstrate effectiveness with each of the following Core Competencies.
Core Competencies
Ability to effectively administer sensitive and confidential information
Strong attention to detail
Strong organizational skills with the ability to prioritize
Analytical and evaluative skills
Solution oriented
Ability to be flexible and adapt to change
Ability to function well in a team environment as well as work independently
Ability to interact with management and co-workers at all levels
Excellent oral and written communication skills
Our Values
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We work as a family, investing in each other, worthy causes, and the communities we serve.
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We have integrity in all that we do; we embrace differences and treat others with kindness and respect.
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We believe that, with teamwork, we can accomplish anything and pursue inventive solutions for our clients.
CREA believes in rewarding the hard work of all those that make our mission possible. Learn about our competitive employee benefits at MyCREABenefits.com.