The posting
Enterprise is a national nonprofit that exists to make a good home possible for the millions of families without one. We support community development organizations on the ground, aggregate and invest capital for impact, advance housing policy at every level of government, and build and manage communities ourselves. Since 1982, we have invested $92.0 billion and created 1.1 million homes across all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands – all to make home and community places of pride, power and belonging.
Join us at enterprisecommunity.org
Working at Enterprise
At Enterprise, you’ll be part of a diverse, committed team making a difference every day. You will collaborate with some of the smartest minds and biggest hearts in our field. You’ll be empowered to drive systems change and take bold steps to advance racial equity. And you will find a career home where you’re valued and supported in your growth journey.
Enterprise offers career opportunities in our offices across the country with an exceptional benefits package.
Job Description Summary
The Fund Investment Reporting and Management (FIRM) team is responsible for the management, accounting, and reporting for Low Income Housing Tax Credit (LIHTC) equity funds and Real Estate Equity funds. This position is responsible for preparation and analysis of (i) operating results for financial reporting for assigned funds in accordance with generally accepted accounting principles (or other basis of reporting, e.g. tax basis, as necessary) to management, investors and regulatory agencies, and (ii) maintaining professional relationships and communication with colleagues, internal stakeholders, investors, partners, third-parties, auditors and regulatory agencies to promote Enterprise’s business. This position requires enthusiasm, excellent communication, collaboration, organizational, analytical, and computer skills, and the ability to perform multiple tasks in a fast-paced, team-oriented environment with minimal supervision.
Job Description
Responsibilities:
- Obtain appropriate understanding of the business/fund structure necessary for the preparation and analysis of results and communications with investors, partners and auditors.
- Review, evaluate and summarize terms and conditions of operating and other agreements of assigned funds and ensure Enterprise enforces its rights and meets its obligations.
- Maintain general ledgers, supporting schedules, journal entries and workpapers in accordance with Generally Accepted Accounting Principles and Partnership Documents.
- Manage fund sources, uses and timing of cash activity.
- Record cash activity and prepare wires for reimbursement to corporate.
- Prepare and review quarterly equity fund financial statements, supporting schedules, journal entries, and analysis, with GAAP to tax variance analysis of operating partnerships annual income.
- Prepare and review annual equity fund tax returns and fund financial statement audits, ensuring all information is completed timely and accurately.
- Support the line of business by providing information and analysis relevant to decision-making (e.g. working capital and project performance reserves, Cash Flow and Capital Proceeds availability) including monitoring and evaluation of key metrics, performance indicators and risks
- Create and ensure distribution of related investor reports.
- Interact with Enterprise staff, investors, and external auditors to provide accurate and timely financial information.
- Design, implement and maintain policies and procedures in support of internal controls over financial reporting, ensuring that accounting procedures and related documentation are designed so that internal controls are effective and functioning.
- Evaluate and implement efficient and effective processes, increasing cross-training and consistency and leveraging technology to increase automation and decrease manual effort on routine activities. Identify areas for process (e.g. investor reporting) or product reporting (e.g. workpaper template) improvement and suggest potential solutions
- Proactively demonstrate leadership qualities such as collaboration, initiative, innovation, problem-solving, accountability, planning and setting goals, and personal development.
- Complete other duties and projects as assigned
Qualifications and Skills
General:
- Bachelor’s degree in Accounting, Finance or related field is required
- 2-5 years accounting/finance experience required
- Must possess strong financial, analytical, organizational, and quantitative skills, and ability to coordinate complex activities, prioritize conflicting demands and meet deadlines with a quality, accurate work product.
- Must be highly motivated, be able to work independently and possess strong written and oral communication skills, with the ability to communicate effectively at all levels.
- Incumbent is expected to demonstrate strong ethics, strong interpersonal and communication skills to represent the interests of Enterprise both within and outside the organization.
Specific:
- Knowledge of generally accepted accounting principles (GAAP) is required.
- Public accounting experience and knowledge of real estate analysis/forecasting or partnership/fund LIHTC tax preferred.
- Excellent computer skills, particularly with Excel, are required.
- Interest in learning financial modeling is desirable
- Experience with Workday is desirable.
- Experience in accounting and analysis related to real estate/LIHTC partnerships is preferred, and knowledge of NPV and IRR are a plus.
- Ability to maintain a big picture focus while attending to detailed work and providing thorough documentation.
Physical Demands/Working Conditions:
- Ability to work under stress/pressure.
- Ability to work evening and weekend hours during peak periods
Salary Transparency
You will be joining a team of talented professionals motivated by serving the community and addressing the need for affordable housing.
Enterprise offers a comprehensive total rewards package for you and your family. The pay range for this position is $62,000 – $82,000. The salary range represents the low and high end of what may be paid for this position. It is not typical for an individual to be hired at or near the top of the pay range, and compensation decisions may be influenced by a variety of factors, including skills, qualifications, experience, and location.
Total Rewards at Enterprise
This range is just one component of our total rewards package, which also includes annual performance bonuses and generous paid leave programs.
Our benefits form a major part of the total rewards package. These include dental, health, and vision care plans, as well as family-building benefits such as adoption and surrogacy support. Enterprise supports flexible work arrangements to promote work-life balance and offers health advocacy, an Employee Assistance Program (EAP), and mental health benefits. We round out our package with financial education, wellness programs, and auto-enrollment in the company’s 401(k) plan with employer matching contributions.
Finally, you will have access to learning and development opportunities, including tuition reimbursement for job-related courses and certifications. Thank you for your interest in joining the Enterprise team and contributing to our mission to serve others.
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