Job Description
Why Flock?
There are 17 million Americans who own rental property. Most don't want to be landlords anymore, but selling isn’t a good option. Why? You’d lose income and appreciation, trigger tax liabilities, kick out your tenants, have to fix up the house – the list goes on! Flock is here to help.
Flock is building the retirement solution for landlords. We’ve created the first tech-driven 721 Exchange to help individual rental property owners seamlessly convert their real estate into passively owned shares in a professionally managed portfolio of homes. Some people call it the UPREIT; we call it "The People’s REIT."
In a traditional property sale, the transaction marks an end to the buyer/seller relationship – not so with Flock. When owners contribute their real estate to Flock’s portfolio, a new journey begins: one that has been carefully crafted to both relieve their pain points and provide tangible benefits for years to come. It’s a better way to sell and a better way to own real estate.
We’re fortunate to be backed by a great group of venture capital firms, including Andreessen Horowitz, Human Capital, Susa Ventures, Box Group, and Primary Venture Partners, as well as a large network of strategic investors, including 1Sharpe Ventures, Redwood Trust (NYSE: RWT), Fred Tuomi (former CEO of Invitation Homes), and Eric Wu (former CEO of Opendoor).
The Position
Flock is looking for a Senior Accountant who is excited to embark on a dynamic journey through the intersection of investment management, real estate, and technology. The Senior Accountant will support the firm’s Controller in delivering mission-critical financial information to internal and external stakeholders, ultimately fueling growth and supporting a novel, industry-defining solution for landlords.
Responsibilities:
- Calculate income allocations and fund management fees
- Calculate equity pickups and produce consolidated financial statements
- Prepare reconciliations for GL accounts
- Amortize intangible assets
- Assist with yearly audit
- Review and record property valuations
- Prepare insurance/tax/HOA schedules
- Assist in treasury and banking functions
Qualifications
- Bachelor’s degree in accounting, finance, or equivalent subject
- 3+ years real estate and/or fund accounting experience preferably from a Big 4, or fund sponsor or operator
- Ability to work independently on multiple projects with strict deadlines
- Proficiency in Yardi is a plus, but must have prior experience
- Proficiency in Excel is a must
- Impeccable attention to detail
- Exceptional moral compass, strong sense of grit, and desire to take full ownership
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Date Posted
02/28/2024
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3
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