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AP Construction Accountant

Salary
Competitive
Employment
Full Time
Work Place
Office
Real Estate Field
Location
Oakland
 CA
Postal Code
94601
Country
United States

This job is no longer active.

Description


About Us

Riaz Capital is a real estate developer-operator driven by a motivated and talented team focused on addressing the changing housing needs of the Bay Area. We develop and operate missing middle-market multifamily real estate in the Bay Area, and are on a mission to provide convenient, premium-quality and financially accessible workforce housing to our residents. We work as a team that challenges, collaborates, and supports each other to positively impact residents and the broader community, and to deliver on our goals for our business and investors. Our buildings are planet-friendly with a low carbon footprint and high bike, walk, and transit scores, and we invest in the communities where our buildings are located.



Operating in the Bay Area since 1977, the Company’s roots go back two generations. We possess core competencies in design, development, construction management, asset management, finance and capital markets. Today, the company has ~$500 million in real estate assets under management (over 1,500 units) and has roughly 1,700 residences in the development or construction process. We have achieved an IRR of 36% over 12 exited deals between 2010 and 2019, and our latest fund, the Ozone Fund III, closed at $122M, well over our projected $100M target.


Our aim is to create a real estate asset base of over $1 billion by 2024 and provide premium quality, affordable, housing to ~5,000 residents by 2027.


At the core of our solution to the Bay Area housing crisis is the micro-living model - a synthesis of our years-long experience in micro-units, student housing, traditional multi-family, and co-living. The design incorporates all the necessary functions of a housing unit and works in a variety of building types: townhouses, mid-rise apartments, substantial rehab, and adaptive reuse. The units provide our residents with a sense of independence and individuality, all within the fabric of a larger community. Each of our projects places an emphasis on architectural creativity, thoughtful design, walkability, utilisation of open space, and personal privacy. In addition to new construction development, we have extensive experience in repositioning both urban and suburban workforce housing properties and have executed several adaptive reuse projects. Our current activities are ~70% new construction and ~30% adaptive reuse and repositioning.


Our firm’s culture is focused on being customer centric by understanding their needs and best providing for them. For us, it is just as it is important to do good for our residents, team members, the community, and the planet, as it is to do well by our investors and business. We support and challenge each other a team and believe people from diverse backgrounds, identities, and experiences, make our company better.



AP Construction Accountant

 

Get the chance to be a key member of Riaz Capital development projects. As the main point of contact between the Project Management team and vendors you’ll shoulder the responsibility of reviewing, coding, and processing all accounts payable; resolving issues related to invoicing, payment, and lien waivers, and preparing invoice support for all development projects.

 

 

Primary Responsibilities

 

  • Review, code, and process Accounts Payable for all development projects which includes owner level, internal subcontractor, and internal general contractor books.
  • Responsible for following up with vendors to collect conditional and unconditional lien waivers
  • Responsible for preparing invoice support for all development projects in relation to loan draws, progress bills and financial statement audit.
  • Serve as main point of contact for vendors to resolve issues related to invoicing, payment, and lien waivers.
  • Assist Sr. Project Accountant with communication to Project Management team related to vendor invoicing, payment status, and general inquires.
  • Ensure all AP aging reports across all development entities is accurate and up to date. 
  • Assist with year-end procedures including but not limited 1099 preparation
  • Responsible for ensuring that all vendors on site have appropriate insurance and license on file.

 

Qualifications

  • 2-3 years’ experience in accounting and has working knowledge of basic accounting principals
    • Highly Preferred if worked for General Contractor, Subcontractor, Developer or Real Estate Firm
  • BA/BS degree or AA degree in accounting is ideal
  • Must be organized, detail oriented, and ability to learn quickly in a fast-paced environment
  • Competent intermediate Excel skills required
  • No systems experience required but the following are highly valued: QuickBooks, Yardi Voyager/Yardi Vendor Café, Sage 100 Contractor, and Procore
  • Excellent Verbal and written communication required

Preferred:

  • Detail oriented and deadline driven – Ensure detailed focus and ensure accuracy in job function and meet expected deadlines
  • Problem Solving- Identify problems in a timely manner, gather and analyze information and develop solutions, resolve problems in early stages and work well in group problem solving situations
  • Communication- Expresses ideas and thoughts clearly both in verbal and written form. Keeps others adequately informed and selects and uses appropriate communication methods.

 

Salary: Commensurate with experience

Status: Full-time

Start Date: Immediately

Location: Oakland Office



Riaz Capital is an equal opportunity employer and believes diversity in the workplace results in more innovative solutions and drives value for our firm.  

 

Job Sector


 

Experience


2+ to 5 years


This job is no longer active.

Accounting / Control Residential Oakland Full Time CA Accounting / Control, Construction Chief Financial Officer other