Accounting Operations Associate

Company: Poverni Sheikh Group
Location: Baltimore
Posted on: April 10, 2021

Job Description:

ABOUT PSG Poverni Sheikh Group LLC is a leading diversified real estate development, construction and credit firm based out of Baltimore, MD with approximately $300m of real estate holdings and $70m of debt holdings as of December 31, 2020. Founded in 2013, PSG manages real estate assets across the United States, with a specific focus on multifamily and self- storage. PSG's private credit opportunities are predominantly senior-secured mortgages (or "bridge loans") in the $1m-$15m range. Investment performance is our cornerstone - we strive to generate strong risk adjusted returns for our investors over the long term. For additional information on PSG, please visit . OVERALL PURPOSE OF THE POSITION The Accounting Operations Associate will be working in the Controller's office and will be responsible for the accounting support for Poverni Sheikh Group and various affiliates. We're looking for an individual with public or private accounting experience, facility with accounting software and excellent time management skills to join our team. The individual will mostly concentrate their efforts on the credit activities of our company. ESSENTIAL DUTIES AND RESPONSIBILITIES: Daily Functions: -- Daily accounting functions including entering and checking bills & credit card transactions, -- Manage Cash and create cashflow forecasts-- Work with the Servicing Operations team on loan initiations, extensions and payoffs-- Reconcile bank accounts. -- Manage company payables, receivables, and retention accounts -- Book Journal entries to recognize income from Loans -- Create and manage accrual schedules and create recurring journal entries to book it to the General Ledger Monthly, quarterly, and annually: -- Work on monthly closeout and reporting processes with the VP of Accounting-- Prepare quarterly distribution reports-- Help Accounts Payable personnel with obtaining W-9s for new vendors and help with annual 1099s filing -- Distribute K-1s to partnersStrategic Initiatives: -- Develop written accounting procedures for routine tasks performed QUALIFICATIONS: -- At least 2 years of experience in Accounting or Operations environment REQUIRED -- Knowledge of Accounting Principals. REQUIRED-- -- Experience with fund accounting, lending or credit accounting and GAAP STRONGLY PREFERRED -- Advanced Microsoft Excel skills including VLOOKUPs, logical formulas, and Pivot Tables REQUIRED -- Ability to work independently, be organized and punctual REQUIRED -- Prior knowledge of Quickbooks and Acumatica ERP systems PREFERRED Job Type: Full-time Pay: $45,000.00 - $55,000.00 per year COVID-19 considerations: Currently mostly remote work, with interchangeable office hours to limit in person interaction.

Keywords: Poverni Sheikh Group, Baltimore , Accounting Operations Associate, Accounting, Auditing , Baltimore, Maryland