Job Description

About the Role

Alta Bay's mission is to build the future of housing by creating vibrant communities and improving the lives of our residents. As the Director of Finance and Accounting, you support the accounting and financial operations for the Alta Bay platform and our individual multifamily development projects. You will work closely with the development and construction teams to maintain accurate cost records, support lender and investor reporting, facilitate timely construction draw processing. You are quick-thinking, flexible and able to pivot when necessary. You ask good questions, communicate clearly, and support the team wherever needed. Lastly, you enjoy working in a small, fast-paced, growing environment where you take ownership of your work and contribute across multiple parts of our mission-driven, affordable housing development company.

Responsibilities

• Support finance and accounting functions for the complete lifecycle of real estate development projects.
• Prepare and process monthly construction loan draw requisitions for new construction LIHTC projects.
• Track and reconcile development budgets, reallocating costs when necessary.
• Monitor construction progress, vendor invoices, and project reimbursements.
• Coordinate timely payment processing and funding disbursements.
• Assist with managing the timing of equity installments and lender/investor reporting.
• Prepare and organize LIHTC-related financial documentation in coordination with third parties.
• Maintain accurate records of construction milestones, equity installments, project contacts, bond-related documents, and other key data.
• Maintain strong working relationships with state agencies, lenders, investor partners, general contractors, and consultants.
• Support tax credit compliance activities in collaboration with the compliance specialist.
• Assist with internal reporting, cost tracking, budget updates, forecasting and project-level financial analysis.
• Maintain organization of financial files, schedules, and supporting documents for audits, cost certifications, and lender/investor reviews.
• Ensure legal and regulatory compliance regarding all financial functions and transactions.
• Coordinate closely with 3rd party audit firms, tax advisors, fund administrators and custodians, to ensure the timely completion of all critical reporting and filing requirements.
• Develop and manage budgets and oversee the preparation of all financial reporting audits.
• Lead the coordination and execution of ongoing Financial Reporting and Tax related requirements for our multiple entities, fixed assets and real estate funds in accordance with US GAAP.

Preferred Education and Experience

• Experience in real-estate development accounting or construction accounting is preferred. Experience with Affordable Housing (LIHTC) projects is a plus.
• Bachelor’s degree in Accounting, Finance, or related field.
• Experience with construction loan draws, project cost tracking, or development reporting.
• Strong quantitative, organizational, and communication skills.
• Ability to manage deadlines and maintain accuracy in a fast-paced environment.
• Familiarity with accounting software (QuickBooks, Sage, Netsuite or similar) and project management tools (Asana, Monday.com).
• High ethical standards and discretion in handling confidential information.
• Interest in long-term career growth in real-estate development accounting. Familiarity with the Microsoft Office Suite (Word, Excel), Project Management Programs (Asana, Monday.com, etc.) and Accounting Programs (Sage, Quickbooks, Gravity, Netsuite, etc).

Benefits

Alta Bay truly values our employees and wants to do everything to ensure that our employees are not only happy and professionally fulfilled, but also that they have the opportunity to be healthy. In addition to a competitive salary that is dependent upon experience (DOE), we offer the following:

• Significant Performance Bonuses
• Potential for profits interest in the Company
• Co-Investing Incentives for Qualified Investors
• Paid Time Off (PTO) and Paid Holidays
• Medical, dental, and vision insurance
• Health Savings Account (HSA) health insurance options
• 401k plans with company matching

It is our policy to recruit, hire, and promote qualified personnel in all job classifications without regard to race, creed, religion, age, sex, sexual orientation, gender identity or expression, marital status, national origin, disability or veteran status.

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