Colony Northstar Los Angeles , CA 90009
Colony Capital is looking for an outstanding Investment Accounting Manager to serve as a key member of the Investment Accounting team to run the day-to-day activities of the group. This is a hands-on role that will require detail involvement in US GAAP accounting and in the financial closing process. The Investment Accounting Manager will maintain the Investment Accounting's general accounting practices, internal controls and financial analysis and reporting. He/she will also mentor and provide hands-on training to members of the accounting team, as well as develop process efficiencies and improvements.
Manage day-to-day accounting matters, month-end close process
Review and maintain the Investment Accounting function for a variety of investment types, including single-loans, loan portfolios, preferred equity, and operating real estate
Maintain and improve processes and timing of monthly close, analytical review of monthly operating results and accounting workbooks and ensure compliance with SOX
Develop and review accretion calculations, monthly accruals, monthly and quarterly reporting and cash projections.
Collaborate with operations to identify when hold/disposition assumptions have changed and accretion adjustments are required
Review and understand deal documents, including partnership agreements, joint venture operating agreements and loan agreements
Review and monitor consolidation/elimination entries are complete and accurate
Prepare supporting schedules and compile information for SEC reporting; assist with 10-K/10-Q tie out
Review and monitor contribution, distribution, and loan draw
Mentor and train the Investment Accounting Senior and Staff, including the development and maintenance of accounting procedures manual
Assist with accounting system maintenance and implementation as needed
Maintain and update the preparation of the company's annual budget, monitor operating results and update forecasts; provide ad hoc reporting to management
Coordinate with internal and external auditors
5-7 years of progressive US GAAP accounting experience with minimum 3 years in public accounting
CPA required and knowledgeable in US GAAP/historical cost accounting
Real estate/REIT or financial services industry experience preferred.
Intermediate understanding of financial modeling and concepts, including yields, DCF, cap rates, IRRs, etc.
Proficiency in MS Office
Results oriented, positive leadership style, ability to work effectively under pressure
Strong analytical, operational, organizational and interpersonal aptitude
Excellent oral and written communication skills