The Assistant Accounting Manager is responsible for overseeing the accounting function and ensuring the precision, thoroughness, and timely delivery of financial reporting provided by our offshore/outsourced partners. This position plays a vital role as a liaison with our offshore/outsourced accounting teams,
facilitating effective collaboration and communication.
Key Responsibilities
- Manage 17 to 20 properties and serve as the final reviewer of financial statements, ensuring the
accuracy and completeness of reports prepared by offshore partners.
- Effectively manage the monthly financial close process for assigned properties, ensuring completion by the 15th of each month. Workload is cyclical, with peak demands during month-end close, quarter-end reporting, and audit season. This role requires increased time commitment and intensity during those times.
- Participate in quarterly property management financial review meetings to share insights, address inquiries and offer necessary support or corrective actions as necessary.
- Perform audit and tax reviews for assigned properties to ensure the accuracy of the financial reports.
- Oversee annual reporting for AOE/LP, Form 571, and unclaimed property.
- Assist in preparing annual budgets.
- Work closely with the Property Managers to address banking inconsistencies related to rent collection, ensuring that cash receipts are recorded accurately and in a timely manner.
- Review and validate vendor invoices processed by Accounts Payable to ensure they are accurate, properly coded, supported by documentation, and in compliance with approval requirements.
- Oversee and process replacement reserve draw requests and residual receipt distributions ensuring accuracy and proper documentation.
- Ensure effective communication with offshore accounting teams, review deliverables promptly to meet quality standards, and provide feedback to promote continuous improvement.
- Review intercompany payment calculations to Headquarters.
- Assist in the training and onboarding of new employees.
- Identify areas for process improvement and provide recommendations for enhancements.
- Participate in company-sponsored events aimed at team development, which may occasionally require overnight travel.
FSLA Code - Exempt
CORE is one of the nation's largest non-profit affordable housing developers with a 30-year track record in community revitalization. We transform the economic and social future of communities by building quality, affordable housing combined with best practice social services to improve the self-sufficiency of our residents.
