Accounting Manager - Development: TWG Central Office

Job Type Full-time Description Job Title: Accounting Manager - Development Reports to: VP of Accounting Office Location: Indianapolis, IN Who is TWG? Founded in 2007 and headquartered in Indianapolis, IN TWG is a fully integrated real estate development company specializing in commercial, market rate, affordable and senior housing developments across the country. TWG is made up of three divisions: Development, Construction, and Property Management. We manage more than 10,000 units in 18 states. TWG is built around one core philosophy: Together, We Grow. Why you will be PROUD to Join TWG? You will be joining a team dedicated to achieving our core mission of providing quality housing for all. We are seeking talented Accounting Management Professionals who are interested in growing their career and helping us drive our mission forward. In return, we offer competitive salaries, career advancement opportunities and a complete benefits package. We can't grow without you! Our team members are our greatest strength. We invest in our employees, so you have an opportunity to grow your career with us. If you are tenacious , honest , forward thinking , and believe we are strongest when we work together then TWG is the place for you! ESSENTIAL DUTIES AND RESPONSIBILITIES Administration: Maintain necessary records of Development Draw packages for assigned projects Track the progress of Development draws and follow up with necessary personnel for timely completion Help create and document accounting procedures Attend scheduled owner and staff meetings Other duties as assigned from time to time by the VP of Accounting Accounting: Assemble necessary items for equity installments and soft debt funding Continual comparison of closing Review closing proformas to actual results to gauge project performance Monitoring and reporting of various key performance indicators to senior management: Estimate equity adjusters periodically; Realtime updates to budget and interest carry projections based on changes in construction timeline and other factors: Identification of timing and amounts of gap funding that may be required of ownership; Periodic progress updates to senior management on TWG revenue amounts and timing Update cash flow projections and flow of funds of project sources against total future uses Prepare monthly draw packages for submittal to lenders including Reconciliation of project receivables, communicating with the Accounts Payable department to resolve discrepancies, Correspondence with Senior Accountant for necessary entries into Viewpoint or Onesite, Compiling invoice support or other backup documentation to provide to lenders, Preparation of lender exhibits Assist with lender and/or inspector questions Record receipt of draws into accounting software Review project TBs to ensure reconciliations are accurate Facilitate completion of AUPs, Cost Certifications, 10% Tests, etc. and correspond with Auditors Record capitalization entries Communication: Correspond with investors, lenders and management personnel in a timely and pleasant manner Communicate with team members upon funding of draws Contribute to an overall positive work environment Requirements ESSENTIAL QUALIFICATIONS Education: Bachelor's degree in Accounting is required Certified Public Accounting credential is highly preferred Experience: 3+ years of experience in public accounting is required Understanding of accounting for real estate developments, during both the construction and operating phases, is required Experience with owner equity and 3rd party loan draw processing within the real estate development arena is highly preferred Experience with Viewpoint and Onesite accounting software is preferred Ability to apply real estate projection/forecasting models to accounting concepts is preferred Ability to analyze cash flow results and projections at the property level is preferred Skill Set: Excellent written and verbal communication skills Ability to solve practical problems and employ rational decision-making skills Proficient with Microsoft Office, in particular with Excel Must be diligent in self-review of work Able to maintain their workload and meet deadlines with minimal supervision Disclaimer: TWG participates in the federal government's E-Verify program, which confirms employment authorization of all newly hired employees and most existing employees through an electronic database maintained by the Social Security Administration and Department of Homeland Security. For new hires, the E-Verify process is completed in conjunction with the Form I-9 Employment Eligibility Verification on or before the first day of work. E-Verify is not used as a tool to pre-screen candidates. For up-to-date information on E-Verify, go to and click on 'E-Verify' located near the bottom of the page.

Created: 2024-10-29