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Staff Accountant

Company: Quarterra
Location: Irving
Posted on: September 22, 2022

Job Description:

Our Company: - Quarterra Group (NYSE: Q) is a multi-strategy, real estate focused, asset management company. We are a very special place to work, largely because of the special people who work here. Our company culture is infused with spirit, enthusiasm, passion, and vitality. The company was founded in 2022 following the spin-off from Lennar (NYSE: LEN). Quarterra is comprised of three rapidly growing real estate verticals: Multi-family (QMF), Single-Family Rental (QSFR), and Land Strategies. QMF is a real estate development and operating company with a diverse portfolio of institutional quality multifamily rental communities across the US. Between our completed developments and pipeline, QMF owns and manages over 100 communities across the US that exceeds 41,600 homes and $15.3 billion in development costs and consists of high-rise, mid-rise and garden apartments. QSFR, the single family for rent platform, started operations in 2021 with its first fund in excess of $1.5 billion. Quarterra Land Strategies is a land finance vehicle with two active funds with over $3 billion of assets under management. - Summary of Position: - Reporting to the Division Controller, the Staff Accountant is responsible for assisting in all financial reporting and accounting related services required for the Division. This role is pivotal to the Accounting teams goals and outcomes of accurate and timely completion of all accounting deliverables. - Principal Duties and Responsibilities: -
---Assist in the monthly financial close process and prepare and input journal entries.
---Prepare JV financial statements and variance analysis.
---Assist with monthly loan draw packages and review of construction Pay Applications.
---Assist in the monthly budget reviews with the development team and update job cost budget summary schedules.
---Perform balance sheet account analysis and other analytical procedures as needed.
---Review expense reports for accuracy and completeness.
---Work with the development team and accounts payable closely to organize, code, and submit vendor invoices for payment.
---Prepare remote bank deposits.
---Manage cash balance on bank accounts and prepare wire transfer requests.
---Assist in the compliance of the Accounting and A/P policy and procedures. - Education and Experience Requirements: -

  • Bachelor's in Accounting or related field is required.
  • Progressive accounting experience.
  • Experience with multifamily industry, joint venture accounting, and public accounting is preferred.
  • Exceptional organizational skills with excellent attention to detail.
  • Strong work ethic and team player attitude.
  • Must possess professional attitude and represent company in a positive manner.
  • Advanced computer skills in Microsoft Excel.
  • Strong analytical skills.
  • Excellent oral and written communication skills. Physical Requirements: - This is primarily a sedentary office position which requires the Staff Accountant to have the ability to operate computer equipment, speak, hear, bend, stoop, reach, lift, and move and carry up to 25 lbs. Finger dexterity is necessary. This description outlines the basic responsibilities and requirements for the position noted. This is not a comprehensive listing of all job duties of the Associate. Duties, responsibilities and activities may change at any time with or without notice. #KP #LI-KP -

Keywords: Quarterra, Irving , Staff Accountant, Accounting, Auditing , Irving, Texas

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