Assistant Controller, LIHTC

Enterprise is a national nonprofit that exists to make a good home possible for the millions of families without one. We support community development organizations on the ground, aggregate and invest capital for impact, advance housing policy at every level of government, and build and manage communities ourselves. Since 1982, we have invested $72 billion and created 1 million homes across all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands - all to make home and community places of pride, power and belonging.

Join us at enterprisecommunity.org

Working at Enterprise

At Enterprise, you'll be part of a diverse, committed team making a difference every day. You will collaborate with some of the smartest minds and biggest hearts in our field. You'll be empowered to drive systems change and take bold steps to advance racial equity. And you will find a career home where you're valued and supported in your growth journey.

Enterprise offers career opportunities in our offices across the country with anexceptional benefits package.

Job Description Summary

Job Description

Job Description

Responsibilities:

• Obtain appropriate understanding of the business/fund structure necessary for the preparation and analysis of results and communications with investors, partners and auditors.
• Review, evaluate and summarize terms and conditions of operating and other agreements of assigned funds and ensure Enterprise enforces its rights and meets its obligations.
• Maintain general ledgers, supporting schedules, journal entries and workpapers in accordance with Generally Accepted Accounting Principles and Partnership Agreements.
• Create and maintain financial models incorporating the forecasts of investor pay-ins, tax credits and tax losses; this could include supporting the process of creating hypothetical models under the supervision of a director.
• Manage fund sources, uses and timing of cash activity.
• Be the team lead on the year end audit delivery and attendance at associated meetings
• Prepare and review quarterly equity fund financial statements and investor benefit schedules, supporting schedules, journal entries, and analysis, with GAAP to tax variance analysis of operating partnerships annual income.
• Prepare and review annual equity fund tax returns and fund audits, ensuring all information is completed timely and accurately.
• Support the line of business by providing information and analysis relevant to decision-making (e.g. working capital and project performance reserves, Cash Flow and Capital Proceeds availability) including the monitoring and evaluation of key metrics, performance indicators and risks
• Create and ensure distribution of related investor reports.
• Interact with Enterprise staff, investors, and external auditors to provide accurate and timely financial information; this includes being the primary contact for some investors on capital call and benefit schedule questions
• Facilitate the coordination of investor reporting between FIRM, Capital Markets and Asset Management, and identify and implement strategies to more effectively and efficiently meet increasing investor demands.
• Design, implement and maintain policies and procedures in support of internal controls over financial reporting, ensuring that accounting procedures and related documentation are designed so that internal controls are effective and functioning.
• Evaluate and implement efficient and effective processes, increasing cross-training and consistency and leveraging technology to increase automation and decrease manual effort on routine activities. Identify areas for process (e.g. investor reporting) or product reporting (e.g. workpaper template) improvement and suggest potential solutions
• Proactively demonstrate leadership qualities such as collaboration, initiative, innovation, problem-solving, accountability, planning and setting goals, and personal development.
• The Assistant Controller will assist the Director in leading the FIRM department to meet the goals of the department and of the larger finance organization.
• As applicable, direct and review staff work and promote growth
• Complete other duties and projects as assigned

Management/Supervisory Skills

• Supervise assigned interns, as applicable
• Incumbent is expected to:
  • Model and ensure that team members exhibit pride, drive and collaboration.
  • Assist with the development of team and individual goals.
  • Manage direct report's performance (if applicable) by giving sufficient performance feedback and provide timely and thorough goal setting and reviews.

Qualifications and Skills

General:

• Bachelor's degree in Accounting, Finance or equivalent is required; CPA and or advanced degree is preferred.
• 5-7 years accounting/finance experience preferred
• Supervisory experience preferred but not required.
• Must possess strong financial, analytical, organizational, and quantitative skills, and ability to coordinate complex activities, prioritize conflicting demands and meet deadlines with a quality, accurate work product.
• Must be highly motivated, be able to work independently and possess strong written and oral communication skills, with the ability to communicate effectively at all levels.
• Incumbent is expected to demonstrate strong ethics, strong interpersonal and communication skills to represent the interests of Enterprise both within and outside the organization.

Specific:

• Knowledge of generally accepted accounting principles (GAAP) is required.
• Public accounting experience and knowledge of real estate analysis/forecasting or partnership LIHTC tax preferred.
• Excellent computer skills, particularly with Excel, are required.
• Experience with financial modeling preferred
• Experience with Workday is desirable.
• Experience in accounting and analysis related to real estate/LIHTC partnerships is preferred, and knowledge of NPV and IRR are a plus.
• Particular expertise with fund taxation a significant plus
• Ability to maintain a big picture focus while attending to detailed work and providing thorough documentation.

Physical Demands/Working Conditions:

• Ability to work under stress/pressure.
• Ability to work evening and weekend hours during peak periods

otal Rewards at Enterprise:

You will be working with a group of talented professionals who are motivated by serving the community and addressing the need for affordable housing.

Enterprise offers a comprehensive total rewards package for you and your family.

The base salary for this role is $ 110,000 to $120,000, depending on level of skills and experience.

The salary range for this position is represented by the low and high end of the range for the amount to be paid for the position. Salaries paid at Enterprise will vary based on factors that may include skills, education, location, experience, and performance. The salary range is just a part of the total rewards package provided to employees at Enterprise, and other rewards may include annual performance bonuses and generous paid leave programs.

At Enterprise, our benefits form a major component of our total rewards package. Benefits include dental, health, and vision care plans, as well as family-building benefits, such as fertility, adoption, surrogacy support, and gender-affirming care. Enterprise allows flexible work arrangements to promote a better work-life balance. We offer health advocacy, EAP, and mental health benefits. We round out our total rewards package by offering financial education, wellness programs, and auto-enrollment in the company's 401(k) plan with employer matching contributions. Finally, you will have learning and development opportunities, including tuition reimbursement for job-related courses and certifications. Thank you for your interest in joining the Enterprise team in our effort and commitment to serve others.