L+M Development Partners LLC (LMDP), an established residential developer/builder, has an excellent opportunity for a Senior Investment Accountant to be a key contributor in a transformative project to implement the Yardi Investment Management suite, including Yardi Investment Accounting, for a portfolio of nearly 150 assets. This position will be responsible for the strategy and execution of the onboarding of hundreds of assets to the Yardi Investment Accounting software, including the design and overall implementation approach. This position will also be responsible for financial accounting and reporting for a selection of investments, with this responsibility increasing as assets and funds are successfully onboarded to the Yardi Investment Accounting platform. These responsibilities will include ensuring accuracy and timeliness of all data provided to stakeholders, including external and internal reporting requirements, assisting the firm in marketing efforts and meeting compliance requirements, and working efficiently and effectively within tight deadlines to provide best in class client service

At L+M Development Partners, working together to build stronger communities is our mission. Our “double bottom line” philosophy means that we measure success not only in financial returns but also by the positive impacts we make in the communities we serve.

Founded in 1984, L+M is a full-service real estate development firm which develops, invests, constructs, and manages properties with industry-leading innovation. Ranked in the Top 25 on Affordable Housing Finance’s Top 50 Developers list nationally, L+M and its affiliate companies are responsible for over $10 billion in development and investment and have acquired, built, or preserved nearly 40,000 high-quality residential units in a variety of urban markets nationwide, primarily in New York’s tristate area.

Please visit our website for more information: http://lmdevpartners.com.  To learn more about our mission and values, go to https://lmdevpartners.com/our-mission-values/.

Areas of Responsibility & Job Requirements:

  • Investment Accounting Onboarding
  • Drive the rollout of the Yardi Investment Accounting platform for all assets and entities under management
  • Evaluate and analyze deal documents and historical data to create all requisite entities, commitments, historical capital entries, and waterfall & fee calculators
  • Partner with business stakeholders, property accounting professionals and third-party partners to source all data needed for a successful onboarding, and investigate and resolve data quality issues as needed
  • Create and maintain systemwide accounting rule sets, transaction types, account types and other attributes needed to utilize the Yardi system effectively
  • Develop the “playbook” for all accounting users of the platform to train and guide staff on how to process entries and actions for common types of deal lifecycle events, including waterfall and fee calculations
  • Create and maintain standard operating procedures and process flows for the platform
  • Annual, Semi-Annual and Quarterly Reporting Process
  • Perform entity level accounting for a selection of accounts including a wide range of investment strategies, asset classes, accounting methodologies and deal structures
  • Oversee preparation of and review of financial statements (primarily U.S GAAP) using the Yardi Investment Accounting platform, including capital account statements and all related supporting schedules
  • Ensure accuracy, consistency, and timeliness of all financial reporting, including the review and consolidation of property-level financial statements
  • Ensure reporting is in compliance with legal documents including Limited Partnership Agreements and side letters, including waterfall calculations and partner allocations
  • Assist auditors with annual audit and tax processes
  • Assist various internal groups with the preparation and review of quarterly and annual reports
  • Prepare materials to report financials to key stakeholder of each fund and investment

Other

  • Support fund management and cash management working with portfolio management on capital calls and distributions at the fund level
  • Provide accurate, timely and professional service to internal and external clients (investors)
  • Manage fund cash and work with portfolio management to project future cash flows

Additional Job Skills & Abilities

  • Experience with investment accounting software implementation and accounting onboarding projects
  • Proficiency with investment accounting, including processes, controls, and systems
  • Professional individual with ability to perform independently as well as part of a team
  • Excellent communication skills, both written and verbal, as well as management and organizational skills
  • Willingness to embrace complexity and thrive on new challenges
  • Ability to streamline processes and implement change
  • High level of attention to detail
  • Strong work ethic

Education/Professional Requirements

  • Bachelor’s degree required
  • CPA or CPA candidate desired

Years of Industry Experience Required:

  • 5+ years of related experience

L+M offers competitive compensation and benefits and tremendous potential with a growing residential real estate developer/builder organization.

L+M 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.

Disclaimer: Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities to this job at any time.

L+M Development Partners LLC (LMDP), an established residential developer/builder, has an excellent opportunity for a Director of Tax and Compliance.  Candidate must have the ability to thrive in a fast-paced environment.

At L+M Development Partners, working together to build stronger communities is our mission. Our “double bottom line” philosophy means that we measure success not only in financial returns but also by the positive impacts we make in the communities we serve.

Founded in 1984, L+M is a full-service real estate development firm which develops, invests, constructs, and manages properties with industry-leading innovation.  Most recently ranked #17 on Affordable Housing Finance’s Top 50 Developers list nationwide, L+M is responsible for approximately $10 billion in development and investment, and has acquired, built, or preserved nearly 35,000 high-quality residential units in New York’s tristate area, Washington, D.C., the West Coast and Gulf Coast regions.

Please visit our website for more information: http://lmdevpartners.com.  To learn more about our mission and values, go to https://lmdevpartners.com/our-mission-values/.

Areas of Responsibility:

  • Serve as point person for all tax and compliance related real estate development, operation and other transactional matters with internal and external stakeholders including Project Managers, Asset Managers, accounting and legal staff, outside accounting firms, outside legal counsel, outside partners, investors, and lenders
  • Advise development teams with expertise regarding complex financing on transactions
  • Ensure that there is accurate financial reporting throughout the year and, as such, regularly reviews financial books of record and various journal entries
  • Coordinate and monitor preparation of annual audits as well as federal, state, and local tax documents with outside accounting firms. Solicit approvals from required stakeholders and address questions
  • Ensure timely compliance with all annual and interim reporting requirements to lenders, investors and partners
  • Assess and research difficult tax issues to identify solutions. Coordinate and monitor implementation of solutions.
  • Recommend tax strategies by monitoring industry trends, and researching federal, state, and local taxation issues.
  • Maintain compliance with regulations by forwarding/coordinating required information to federal, state, and local authorities.

Job Requirements:

  • Demonstrated ability to work on significantly technical/complex tax preparations with minimal or indirect supervision.
  • Proven and successful experience working at all levels of tax problem analysis, tax preparation, and resolution.
  • Vast knowledge of tax laws, rules, and regulations as well as experience working on corporate-level tax analyses and multi-state taxation.
  • In-depth knowledge of tax and accounting procedures, as well as tax credit programs and their related investment and financing structures.
  • High level of attention to detail and accuracy.
  • Strong organizational skills and the ability to work under pressure.
  • Ability to handle and prioritize multiple tasks and meet all deadlines.
  • Ability to clearly convey sensitive information both written and verbal in a clear, precise, and unambiguous manner.
  • Proficiency in all MS Office programs including Excel

Education Requirements:

  • Advanced degree in Accounting or relevant field.
  • CPA certification required

Experience Required:

  • Minimum 7-10 years CPA Firm experience as a Tax Accountant or similar role within a fast-paced and dynamic environment.
  • Experience in Real Estate and/or Construction industry
  • Knowledge of HUD regulations, LIHTC, NMTC, HTC, NYS Brownfield Tax Credits and other affordable housing financing vehicles

L+M offers competitive compensation and benefits and tremendous potential with a growing residential real estate developer/builder organization.

L+M 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.

Disclaimer: Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities to this job at any time.

 

 

 

L+M Development Partners LLC (LMDP), an established residential developer/builder, has an excellent opportunity for a Project Accountant.  Candidate must have the ability to thrive in a fast paced environment.

Since its inception in 1984, L+M Development Partners Inc. has been an innovator in developing quality affordable, mixed-income and market-rate housing, while improving the neighborhoods in which it works.  A full-service firm, L+M works from conception to completion, handling development, investment, construction and management with creativity that leads the industry. L+M is responsible for approximately $10 billion in development and investment, and has acquired, built or preserved nearly 35,000 high-quality residential units in New York’s tristate area, Washington, D.C., the West Coast and Gulf Coast regions. Community leaders, government officials and institutional investors turn to L+M because of its consistent track record of excellence.

L+M is a double bottom line company, where its success is measured not only in financial returns but also by positive impacts.  L+M takes pride in its long-standing partnership with the communities it serves, demonstrated through an annual scholarship fund, workforce development programs, after-school programs, and substantial support for local nonprofits.  L+M brings a superior level of commitment to its investments in developments, and equally important, to its investment in people.  For more information, please visit: http://lmdevpartners.com.

Areas of Responsibilities:

  • Contracts: Acquire and review all development contracts and construction subcontracts, including all supporting information.
  • Contracts: Enter and / or review contract detail in Sage 300 / Timberline and / or Procore.
  • Contracts: Monitor commitments and review with Project Managers.
  • Billing: Interact with Project Managers to acquire information to generate all monthly construction billings to developers.
  • Billing: Enter data, print, and review monthly AIA billings.
  • A/P: Data entry, review, and payment of subcontractor requisitions and other construction and development invoices using Timberscan and Sage 300 / Timberline for major ground-up construction and preservation projects.
  • A/P: Code invoices for vendor ID, job number, commitment, et. al. and match invoices to each contract or subcontract and attach related supporting documentation.
  • A/P: Review insurance certificates to ensure contract compliance.
  • Bank loan draws: Prepare monthly loan draw packages for bank.
  • Accounting: Reconcile vendor records with ours, including loan balances.
  • Accounting: Post entries as well as perform various ad hoc projects.
  • Interact with construction and development Project Managers, in-house insurance group, and vendors to answer questions and resolve any discrepancies and / or issues. 

Job Requirements:

  • Timberscan and Sage 300/Timberline experience preferred.
  • High level of attention to detail and accuracy.
  • Good communication and interpersonal skills.
  • Excellent problem solving / judgment skills.
  • Strong organizational skills and the ability to work under pressure.
  • Ability to handle and prioritize multiple tasks and meet all deadlines.
  • Proficiency in all MS Office programs including Excel
  • Construction experience preferred.

Education Requirements:

  • Associate Degree in Business Administration/Accounting preferred. 

Years of Industry Experience Required:

  • Minimum 2 years related experience.

L+M offers competitive compensation and benefits and tremendous potential with a growing residential real estate developer/builder organization.

L+M 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.

Disclaimer: Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities to this job at any time.