Staff Accountant

TELACU Residential Management Inc. · Los Angeles, CA (On Site) ·
Type: Fulltime
Compensation: $25 - $27 / Hour
Experience Level: Associate

TELACU Residential Management, Inc. (TRM) has developed thousands of apartment homes, creating beautiful residential communities throughout California. These communities are operated by TELACU Residential Management, Inc. (TRM), which provides the highest levels of in-house oversight, security, maintenance and social service care that our residents deserve. Each community is managed with the philosophy that we are servants in their home, rather than them being guests in ours.

We are looking for a Staff Accountant to help us perform monthly closings and maintains general ledgers, and prepares financial statements for the TELACU Residential Management, Inc. (TRM) and TELACU Property Management, Inc. (TPM) portfolio.  Prepares and submits budgets annually, ensures rent increases are requested as needed along with extending contracts with expiration dates.

 Essential Job Duties: 

  • Completes monthly closing processes including preparing and posting journal entries (i.e. maintenance billings, recurring monthly entries and other)
  • Reviews general ledger accounts, and maintains monthly schedules for balance sheet accounts (i.e. fixed assets and depreciation schedules, reconciles security deposits and intercompany balances, reviews rent roll reports and informs other departments, such as occupancy, property manager, and/or management, etc. of any necessary correction or changes, etc.)
  • Prepares periodic (monthly, quarterly, and annual) financial statements including balance sheets, budget to actual variance analysis, and cash flow reports for all assigned TRM and TPM portfolio. Researches and analyzes variances between budget and actual by making necessary journal entry adjustments and/or explanation.
  • Attends meetings, provides accurate timely periodic financial reports, and responds to questions from owners, auditors, agencies, etc.
  • Compiles data, prepares operating budgets for all affordable housing projects, and submits operating budgets to local agencies (HUD, CalHFA, TCAC, and/or city agencies) for approval which includes communication with agency representatives
  • Renews contracts with federal or local agencies (HUD, State and city agencies)
  • Updates and maintains project data within budget files (i.e. Replacement Reserve history, Rent Schedules, Management Certification, etc.).  Enters budget amounts into mainframe accounting software, updates management fees and Central Office Costs (COC) to ensure proper accounting records.  Keep informed of “Federal Register” and “HUD Clips” revisions and conveys to management.
  • Completes special projects assigned by the Controller and President within the specified time frame.

Other Qualifications: 

  • Ability to spot error when reviewing entries with exceptional speed and accuracy is required.
  • Ability to handle multiple entities, multiple deadlines, and multi-tasks.
  • Exceptional interpersonal and problem-solving skills.
  • Excellent attention to detail, prioritize, diligent, proactive, open-minded, positive, and focus.
  • Proven ability to be flexible and adaptive to fast-paced environment and with multiple different personnel from Accounting Department and other Departments.
  • Ability to work overtime with supervisor pre-approval and as needed

Knowledge and Skills:

  • Knowledge of HUD multifamily housing regulations and property management preferred.
  • Must have strong foundational computer skills including: Microsoft Office Suite (Outlook email and calendaring, Excel, Word, Adobe Acrobat, Power Point, etc.), and the Internet.  JD Edwards and OneSite experience preferred.

Experience and Education:

  • Bachelor’s Degree in Accounting is required
  • 3+ years of general ledger maintenance with multiple entities
  • 3+ years of “hands-on” experience with a mainframe accounting software

Physical Requirements:

  • Constantly (6-8+ hours per day) – Sitting, using hands to finger, handle or feel (computer operation)
  • Occasionally (Up to 3 hours per day) – Standing, Walking, Stooping/Bending, reaching with hands and arms, Lifting of up to 20 lbs

Work Environment & Exposures: 

Position may require occasional exposure to fumes or airborne particles, vibration and loud noise levels. Will be exposed to varying weather conditions, soil, pollen, grass and plant materials and fertilizer while working; will be exposed to cleaning solutions of home strength; may be exposed to industrial strength solutions for pest control, paints or solvents.  Hazards:  Occasionally exposed to biohazards such as blood borne pathogens, sewage, building waste.

TELACU Offers a Competitive Benefits Package:

  • Medical health coverage options: Limited HMO, Full HMO and POS
  • Dental coverage options: Dental HMO (DMO) and PPO
  • Vision PPO insurance option
  • Flexible Spending Account (FSA) for Medical Expense Reimbursement & Dependent Day Care
  • 401(k) Retirement Plan with generous employer match
  • Company Paid Basic Life / AD&D Insurance
  • Voluntary Supplemental Basic Life / AD&D Insurance
  • Company Paid Long-term Disability
  • Company Paid Employee Assistance Program (EAP)
  • Colonial Voluntary Supplemental Insurance Options
  • Paid Time Off for Vacation, Sick and Holidays
  • Education Reimbursement

TPM mandates all Team Members be vaccinated for COVID-19. If you are offered a position with our company, you must be able to provide evidence of vaccination as a condition of employment or be eligible to receive an approved exemption from TELACU as a medical or religious accommodation. If you are not currently vaccinated and do not receive an approved exemption from the vaccine requirement as a medical or religious accommodation, and are offered a position, your start date may be delayed or your offer may be rescinded, if you cannot provide evidence you are fully vaccinated for COVID-19.

We are an equal opportunity employer without regard to race, religion or religious creed (including religious dress and grooming practices), color, sex (including pregnancy, perceived pregnancy, childbirth, breastfeeding, and any related medical conditions), gender, gender identity and expression, sexual orientation, transitioning status, national origin, ancestry, citizenship status, uniform service member status, military and veteran status, marital status, pregnancy, age, protected medical condition, genetic information, mental or physical disability, holding or presenting a driver’s license issued under Cal. Vehicle Code Section 12801.9, or any other category protected by applicable federal, state or local law.

TELACU (the Company) has an internal recruiting department. TELACU may supplement that internal capability from time to time with assistance from temporary staffing agencies, placement services, and professional recruiters (Agency).  Agencies are hereby specifically directed NOT to contact TELACU employees directly in an attempt to present candidates. The Company’s policy is for the internal recruiting team or other authorized personnel to present ALL candidates to hiring managers. Any unsolicited resumes sent to TELACU from a third party, such as an Agency, including unsolicited resumes sent to a Company mailing address, fax machine or email address, directly to Company employees, or to the resume database will be considered Company property. TELACU will NOT pay a fee for any placement resulting from the receipt of an unsolicited resume. TELACU will consider any candidate for whom an Agency has submitted an unsolicited resume to have been referred by the Agency free of any charges or fees.

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