Real Estate Bookkeeper

SimpleCITI Companies, Hiring for SimpleMANAGE*

SimpleCITI Companies specializes in Commercial Real Estate ("CRE") and Specialty Finance. Our portfolio includes:

• SimpleEQUITIES: Private Equity Real Estate- HIRING ENTITY
• SimpleADVISORY: Advisory Services to SimpleEQUITIES and it's Funds
• SimpleMANAGE*: CRE Property Management to SimpleEQUITIES Properties
• SimpleBRICKS: CRE Development
• SimpleSPACES: Shared Warehouse Spaces
• SimpleAID: Litigation Funding
• SimpleLEND: Private Lending
• SimpleCORE: Legacy Commercial Real Estate Family Office

Overview:

SimpleCITI Companies is a nationwide commercial real estate and specialty finance firm specializing in acquiring, managing, developing, leasing, and financing assets in major cities. As a private equity company for real estate, we leverage automation to enhance efficiency and manage an extensive portfolio that includes industrial and residential properties. We are dedicated to advancing the real estate industry through innovation and excellence.

Job Description:

We are currently seeking a highly skilled and detail-oriented Accounts Payable Specialist with significant experience in the real estate industry. In this essential role, you will be responsible for managing and optimizing our accounts payable processes and ensuring the accurate and timely processing of invoices and payments.

Specifically, you will be tasked with:

1. Managing vendor relationships and resolving payment issues
2. Ensuring compliance with internal controls and accounting policies
3. Processing and reviewing invoices, purchase orders, and payment requests
4. Reconciling accounts payable transactions and maintaining accurate financial records

As the Accounts Payable Specialist, you will play a critical role in maintaining our financial integrity and supporting the company's growth by ensuring efficient and accurate financial operations. Your expertise will contribute to the smooth functioning of our financial processes and the overall success of our real estate investments and operations.

Responsibilities:

Invoice and Payment Processing:

• Ensure accurate and timely processing of invoices, purchase orders, and payment requests specific to private equity real estate transactions.
• Verify and reconcile accounts payable transactions related to property acquisitions, developments, and real estate investment projects.
• Resolve payment issues and discrepancies with vendors and contractors promptly and professionally, ensuring smooth financial operations.

Vendor Management:

• Develop and maintain strong relationships with vendors, service providers, and contractors within the private equity real estate sector.
• Oversee the setup and maintenance of vendor accounts, ensuring compliance with internal controls and accounting policies.
• Negotiate favorable terms and conditions with vendors to optimize cost efficiency for real estate investments.

Financial Reporting:

• Prepare and present detailed accounts payable reports and other financial documents related to private equity real estate operations to the executive team.
• Assist in month-end closing processes by reconciling accounts payable sub-ledger to the general ledger.
• Collaborate with the finance team to support overall financial operations and reporting, including real estate investment performance analysis.

Process Improvement:

• Identify and implement process improvements to enhance the efficiency and accuracy of accounts payable operations in the private equity real estate context.
• Monitor and analyze accounts payable data to identify trends and areas for improvement, ensuring best practices in financial management.
• Stay updated on industry best practices and regulatory changes to ensure compliance and operational excellence in private equity real estate accounts payable functions.

How to Apply:

Interested candidates are invited to submit their resume and a cover letter outlining their qualifications and experience. Please send your application to recruiting@simpleciti.com with the subject line "CFO Application - SimpleEQUITY" and Minimum Compensation Request. Lower compensation requests given preference.

Responsibilities:

• Develop and execute strategies for forming a fund with outside counsel and raising institutional capital through equity markets to support the company’s real estate investment projects and funds.
• Build and maintain strong relationships with private placement firms, institutional investors, private equity firms, family offices, banks, and other financial partners.
• Build and mentor a team of capital markets professionals.
• Oversee deal sourcing, underwriting, acquisitions, dispositions, accounting and financing.
• Prepare and present detailed investment memoranda, financial reports, and other documents to the executive team and board of directors.
• Monitor market trends and economic conditions to identify risks and opportunities within the real estate market.
• Experience managing a property accounting team, ideally using Yardi Voyager S7 Enterprise, is a plus.

Requirements

• EXPERIENCE IN YARDI, YARDI VOYAGER, OR YARDI ENTERPRISE.
• Bachelor's degree in Accounting, Finance, Real Estate or related field; MBA or other relevant graduate degree strongly preferred.
• Minimum of 3 years of experience in accounts payable, preferably within the real estate industry, with a proven track record in building out growth as opposed to joining established infrastructure.
• Strong understanding of accounts payable processes, commercial real estate transactions, financial record-keeping, and vendor management.
• Experience with financial reporting and reconciliation in a real estate context is preferred.