Director of Tax Accounting
Foundation Communities
- Austin, TX
- $100,000-110,000 per year
- Permanent
- Full-time
- Supervise staff accountants for preparation of monthly construction draw requests and construction project accounting.
- Work with Real Estate LIHTC Construction Development staff to review project budgets, manage LIHTC Construction project flow of funds, including payment timing on partnership contributions.
- Review drafts of Limited Partnership Agreements
- Prepare and submit periodic Capital Magnet Fund (CMF) reports; assist with capital grant applications, energy and other tax credits
- Maintain updated projections on Growth Fund reserves and coordinate with Construction Development team throughout project cycles
- Manage lines and letters of credit as needed for Construction projects and acquisitions
- Assist with refinance opportunities.
- Maintain relationships with tax credit partner asset manager, respond to asset manager and bank underwriting inquiries.
- Assist with securing Limited Partner exits, assist on negotiations and forecasting capital accounts and other related tax issues including LIHTC and NMTC projects
- Oversee 10% tests, cost certifications and review all audits and tax returns for LIHTC and non-profit group filings
- Review monthly financials on properties during construction as prepared by Property Accounting staff
- Support Property Accounting team’s work on LIHTC audits/tax returns.
- Ensure quality control over financial transactions and financial reporting.
- Research technical accounting issues as needed.
- Develop and document business processes and accounting policies to maintain and strengthen internal controls.
- Assist CFO with management of all accounting operations, cross train with other accounting directors as backup, additional duties as necessary.
- CPA licensing preferred
- Netsuite experience
- 5+ years of overall combined accounting and finance experience preferably focused on Low Income Housing Tax credit developments
- Experience in preparing and review of partnership, corporate, payroll and non-profit audits and tax filings
- Experience with non-profit, low-income housing and property management organizations preferred
- Thorough knowledge of accounting principles and procedures
- Experience with financial statement preparation for all types of legal entities
- Experience with various accounting software administration Excellent verbal and written communication skills and demonstrated ability to communicate effectively