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Property Accountant

Company: Fairstead
Location: Bethesda
Posted on: May 7, 2022

Job Description:

Fairstead is a vertically integrated real estate company specializing in affordable and mixed-income housing. Since 2014, Fairstead has acquired and/or developed more than $4 Billion of multifamily property across the country, and today owns a portfolio of over 16,500 apartments in 18 states. The company's comprehensive platform provides hands-on expertise across all multifamily disciplines, including acquisitions, development, design and construction, energy and sustainability, property management and social services.

Fairstead's primary mission is to provide high quality housing to all regardless of income, and to make our stakeholders feel "Right at Home." We accomplish this through an empathetic and innovative approach, and by utilizing our interdisciplinary platform as an investor, developer, owner and operator. Fairstead provides hands-on expertise across all multifamily disciplines, including acquisitions, development, design, construction, energy, sustainability, property management and social services. With a long-term commitment to its residents, communities and partners, the Fairstead team stands out by:

  • Listening to and understanding the needs of its residents, communities, partners and stakeholders alike
  • Developing and preserving high quality affordable housing in an innovative and sustainable fashion
  • Creating a positive social and environmental impact within the properties and communities it serves

    Fairstead's Core Values
    • Empathy
    • Innovation
    • Entrepreneurship
    • Determination
    • Integrity

      Fairstead is now seeking a Property Accountant to join its accounting and finance team to oversee our growing nationwide portfolio. This is a growth opportunity to work for a rapidly expanding owner and investor of low income housing tax credit properties throughout the country.

      In this role you will:
      • Review and analysis of financial data for each property to ensure accuracy
      • Assist in the monthly reconciliations of all monthly closeout activities
      • Support the collection & organization of due diligence materials & dissemination to buyer/seller/broker.
      • Prepare all journal entries, monitor & analyze GL accounts monthly to ensure accuracy with coding and description
      • Prepare financial reports for management, investors, and banks
      • Provide support and assistance to the operations teammates on accounting related matters for properties
      • Complete a variety of special projects including automating and increasing efficiencies of processes, developing training materials, creating value-add reports, and providing support to other departments

        • Bachelor's Degree in Accounting and a minimum of 3-5 years of work at an affordable housing/tax credit developer ; CPA or previous public accounting experience preferred.
        • Excellent communication skills both verbal and written.
        • Experience training staff.
        • Strong organizational, time management and prioritizing skills.
        • Accuracy and attention to detail while working at a fast pace and under tight deadlines.
        • Excellent computer skills:
        • General understanding of advanced computerized accounting systems
        • Excellent working knowledge of Excel.
        • Strong attention to detail
        • Desire to thrive and be successful in a fast-paced, deadline driven, high-growth, entrepreneurial environment.


          Why Work at Fairstead?

          Rated by Affordable Housing Finance as a Top 50 Affordable Housing Owner of 2019, Fairstead is a real estate owner/operator that has rapidly expanded since its inception in 2013 with four offices across the country and a portfolio that spans 14 states. Come to Fairstead for the opportunity to work closely with senior executives to impact real change and drive decision making from the ground up. Join our team in this growth inspired role to accelerate your career in a fast-growing organization.

          • Competitive salary, along with full benefits: 401(k) company matching, medical, dental, vision
          • Commuter benefits program to use pre - tax funds for savings on mass transit
          • Wellness programs to promote employee health and self-care

Keywords: Fairstead, Bethesda , Property Accountant, Accounting, Auditing , Bethesda, Maryland

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