Senior Associate, Client Accounting Services-Real Estate

Overview Baker Tilly is a leading advisory, tax, and assurance firm, providing clients with a genuine coast-to-coast and global advantage in major regions of the U.S. and in many of the world’s leading financial centers – New York, London, San Francisco, Los Angeles, Chicago, and Boston. Baker Tilly Advisory Group, LP, and Baker Tilly US, LLP (Baker Tilly) provide professional services through an alternative practice structure in accordance with the AICPA Code of Professional Conduct and applicable laws, regulations, and professional standards. Baker Tilly US, LLP is a licensed independent CPA firm that provides attest services to its clients. Baker Tilly Advisory Group, LP and its subsidiary entities provide tax and business advisory services to their clients. Baker Tilly Advisory Group, LP and its subsidiary entities are not licensed CPA firms. Baker Tilly Advisory Group, LP and Baker Tilly US, LLP, trading as Baker Tilly, are independent members of Baker Tilly International, a worldwide network of independent accounting and business advisory firms in 141 territories, with 43,000 professionals and a combined worldwide revenue of $5.2 billion. Visit bakertilly.com or join the conversation on LinkedIn, Facebook, and Instagram. Please discuss the work location status with your Baker Tilly talent acquisition professional to understand the requirements for an opportunity you are exploring. Baker Tilly is an Equal Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, or protected veteran status, gender identity, sexual orientation, or any other legally protected basis, in accordance with applicable federal, state, or local law. Any unsolicited resumes submitted through our website or to Baker Tilly Advisory Group, LP, employee email accounts are considered property of Baker Tilly Advisory Group, LP, and are not subject to payment of agency fees. In order to be an authorized recruitment agency ("search firm") for Baker Tilly Advisory Group, LP, there must be a formal written agreement in place and the agency must be invited, by Baker Tilly’s Talent Attraction team, to submit candidates for review via our applicant tracking system. Job Description: Are you ready for a new accounting challenge? Do you want to use your experience from public or private accounting in a new way? We’re looking for a Senior Project Accountant to join our outsourced client accounting practice. In this role, you will work in a cloud-based environment and serve as a Project Accountant for multiple clients across the country, working with a team of professionals to provide property accounting services to their businesses. Come and join a fast-growing team, where we can offer you variety in your client work to help you grow your skills and a steady schedule to allow for a healthy work/life balance! You will enjoy this role if: - You are looking for your next challenge, crave variety where no day is the same, and feel your skills and experience can be better utilized. - You are comfortable using technology and would enjoy helping businesses become more automated through cloud-based accounting solutions. - You are looking to be part of a fast-growing, innovative practice where your hard work and creativity can help us continue to build, improve, and advance. - You like a corporate accounting department schedule and environment, but also crave the investment in technology and training that an innovative CPA firm provides to accountants. This role is a fit for you if you are: - Looking to work within a team environment to help serve our clients as their outsourced accounting leader. - A creative problem solver who enjoys learning new businesses and has the desire to become an advisor to clients in order to help them achieve their goals and dreams. - Organized and able to push for high quality, efficient, and profitable client engagements. - A team player with strong communication skills and a desire to work collaboratively with others to meet client needs. - An accounting professional who enjoys staying on top of accounting trends and best practices. - A detail-oriented team member who can successfully work on multiple clients and juggle competing priorities. - Passionate about learning and growing and someone who wants to offer best-in-class service to our clients. What you will do: The Senior Project Accountant is a key team member within Baker Tilly’s CAS Real Estate outsourced real estate property accounting practice. Responsibilities include, but are not limited to: - Coordinate Draw Requests including, but not limited to remittance requests, vendor invoices, lien waivers, change orders, and identification of funding sources. - Roll forward the Sworn Owner’s Statements (SOS). - Input hard costs and soft costs, including the construction management fees which are to be computed and an invoice prepared. - Identify reimbursement costs, batch all hard and soft costs in the SOS into a single batch. - Submit copies of the Draw Request to the inspecting architect, title company, and investors/partners as directed for approval. - Request debt as per the client-approved SOS. - Confirm all funds (e.g., equity and tenant funds not directed to be deposited to the title company) have been received. - Prepare a Funding Request to fund the Draw Request and submit it for approval of the same. - Notify vendors of the release of funds as soon as the title company releases funds to vendors. - Review hard and soft costs on the Draw Request as follows: identify each invoice with a draw number corresponding to the Draw Request being issued; review the coding on all vendor payments to ensure it is properly coded to the correct Fixed Asset (e.g., Land, Land Improvement, Building Improvement, Development Costs, Soft Costs, Lease cost, or expense); include the proper description on each invoice (e.g., general contractor, permits, consulting, engineering, utilities, etc.); ensure proper Job Cost Code is inputted on each vendor payment; ensure that the total to be funded on the SOS reconciles to the batch total in the AvidXchange payment file prior to exporting the batch to Yardi. - Review the Draw Request for accuracy and completeness, ensuring that all vendor invoices reconcile to the SOS. - Reconcile the AvidXchange batch to the total that the title company is releasing. When reconciled, export the batch from AvidXchange to Yardi. - Record the Draw Request as follows: record the wire transfers made per the funding request into the general ledger module via manual recording or automated upload; record and post receipt of funds from equity partners into the general ledger module (Debit Cash / Credit Ownership Contribution); prepare, review, and post the invoices from AvidXchange to Yardi via a 'manual' check run of which said posting shall equal the amount paid to the vendors (less any reimbursements as applicable and permitted by the lender) on the SOS. Debit to capital or expense accounts and credit to draw clearing account. Prepare, review, and post the Draw Request made by the title company representing the loan proceeds disbursed. Debit to Draw Clearing Account and Credit to loan payable or representing the equity funding from the property; Debit to Draw Clearing Account and Credit to the applicable operating cash account. - Record interest expense (capitalizing where necessary) and increase the loan payable accordingly. - Ensure that the loan payable reconciles to the loan statement and post the interest payment in the general ledger module. - Reconcile the general ledger Fixed Asset - WIP accounts to the cumulative Draw Requests, including all non-Draw-related items (e.g., capitalized interest, capitalized depreciation, and amortization, etc.). - Reconcile all construction activities to the Fixed Asset - WIP accounts, including all non-Draw-related activity (e.g., capitalized interest, capitalized depreciation, and amortization).