Senior Accountant
At a glance
Senior Accounting role at Cornerstone HR Advantage LLC. Los Angeles · no salary stated · we estimate $97,900–$130,000.
Cornerstone HR Advantage LLC has not published a salary for this role. The figure below is our estimate, not theirs.
financeroles summary, based on the employer's posting.
What you'll do
- Maintain assigned partnerships and investments, handling accruals, recurring payments, accretion calculations and reporting
- Prepare investor updates, including quarterly reports for joint-venture partners, and respond to investor requests
- Monitor cash balances, forecast cash needs, calculate capital calls and distributions, and process deal funding
- Review investment structure and performance, track third-party debt, and update accounting when assumptions change
- Supervise a staff accountant, approve journal entries, and contribute to process changes and automation
What you bring
- You have four to six years of public accounting or loan accounting experience
- A bachelor's degree in accounting is preferred, and a CPA is also preferred
- You bring strong GAAP knowledge and can interpret partnership agreements and investment documents
- You can use Word and Excel, communicate clearly, and delegate work to staff accountants
Who this fits
This is an on-site senior accounting role in Los Angeles with responsibility for supervising a staff accountant. You’ll suit work that combines partnership and investment accounting, investor reporting, cash management, and deadline-driven process improvement. Candidates available to start immediately are sought.
From the employer
A leading global real estate and investment management firm headquartered in Los Angeles, California with 14 offices in 10 countries and more than 300 employees. The Company targets attractive risk-adjusted investment returns across a broad range of predominantly real estate equity and debt oriented investment strategies. The Company has elected to be taxed as a real estate investment trust, or REIT, for U.S. federal income tax purposes.
Senior Accountant – Los Angeles, CA
The Senior Accountant is responsible for partnerships and investments assigned. This includes the general day-to-day maintenance relating to the assigned partnerships and investments. Responsibilities include: accretion calculations, monthly accruals, repetitive payments, quarterly reporting, cash projections, monitoring of agreements and reporting. This individual will play an important part in designing and implementing ongoing procedural changes and automation initiatives, in a fast paced environment characterized by strict adherence to tight deadlines and dedication to quality control in all aspects of the process.
Direct Reports: Staff Accountant
Essential Duties and Responsibilities:
Loan Accounting
Experience in accounting for mortgage and/or commercial loan assets preferred; including interest accrual methodology, fair value. Prior experience in accounting for REO assets helpful
Will need to frequently interface with operations to identify when hold/disposition assumptions have changed and accretion adjustments are required
Track book versus tax differences
Strong interpersonal skills and the ability to communicate with all levels of management
Experience with financial Reporting systems (Cognos, Business Objects) and tools highly desirable
Strong knowledge of GAAP
Read and understand Partnership Agreements
Consolidation/Elimination entries
Manage monthly expense accruals and payments
Monthly and quarterly investor reporting, including any required reporting to JV partners
Manage any necessary audits or reviews
Cash Management
Review daily cash balance report
Calculate capital calls and distributions
Process deal fundings
Maintain cash projections
Investment Responsibilities
Investment's capitalization
Understand deal structure
Read and understand all related agreements/documentation relating to the investment
Periodic review of investment performance and Company's intent against underwriting
Track 3rd party debt
Other Responsibilities
Monthly management report
Supervise staff
Invoice coding for A/P department
Approval of staff journal entries
Investor Requests
Other projects as required
Qualifications:
Bachelor's Degree in Accounting preferred
4-6 years of public and/or loan accounting
CPA preferred
Skills and Attributes
Self starter
Excellent oral and written communication skills
Highly organized / detail oriented
Ability to multi-task
Proficient with MS Word and Excel
Effective team member
Ability to delegate work to staff accountants
Ability to work in high paced and dynamic environment
We are seeking qualified candidates available to start immediately.
All your information will be kept confidential according to EEO guidelines.
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