About Grousemont Associates:

Grousemont Associates is a privately held investment firm headquartered in Seattle, with a proud legacy of five generations in the Northwest real estate industry. Throughout its history, the firm’s principals have been instrumental in the development and ownership of some of the region’s most iconic properties.

Our diverse portfolio encompasses interests across a broad range of property types, reflecting a commitment to long-term, generational investment strategies.

Building on our deep regional roots and expanding portfolio, Grousemont is poised to drive the next phase of growth by enhancing its operating platform and increasing assets under management.

Job Description:

This position is an ideal opportunity for an accounting or finance professional to be part of an entrepreneurial and rapidly growing real estate investment firm with opportunity for future growth and professional development. 

We are looking for someone who brings a positive attitude, a high level of attention to detail, and who thrives with multitasking on several fronts. This is a unique role with exposure to accounting, budgeting, forecasting and strategic planning. In this position, you will report directly to the principals of the company.

Benefits include:

·       Salary & Bonus – Competitive and contingent upon level of experience

·       Health care coverage (medical, dental, vision)

·       Professional Development Opportunities

·       PTO

Professional Responsibilities:

·       Oversee property and company accounting operations and play significant role in forecasting and budgeting

·       Work with team members and investment partners to establish, review and update property, company and fund budgets

·       Review monthly property financial statements for Principal sign off

·       Setup, analyze and review property structures and review underlying asset level accounting

·       Active involvement and oversight of development project accounting where applicable

·       Conduct initial property balance sheet capitalization, reconciliation and analysis as needed

·       Perform project and fund level financial modeling, forecasting, cost reporting, and equity/debt analysis

·       Work with the company Principals to coordinate and manage debt and equity funding requests

·       Lead debt related reporting efforts and oversee covenant requirements

·       Prepare monthly property cash forecasts and sweep analysis to determine available cash distributions from underlying property investments

·       Prepare and maintain monthly schedule of fund related fees

·       Provide monthly/quarterly/annual financial reports to company Principals for review

·       Lead efforts with external accounting firm on completion of partnership annual financial statements and tax returns

·       Develop best practices, process documentation, and support materials for financial management tools

·       Coordinate and manage company financial obligations such as monthly operating expenses and taxes

·       Complete and/or participate in the completion of ad hoc reports and support special projects as needed

 Working Relationships:

·       Initiates and maintains honest, prompt and productive communication

·       High level of attention to detail, accuracy and ability to make effective decisions and solve problems

·       Proactive problem solver with can do attitude

·       Must be flexible and able to handle multiple tasks, manage time effectively, and establish priorities to meet deadlines

·       Demonstrates balance of independence and ability to play supportive role in team process

·       Provide discrete and confidential handling of sensitive information

·       Exhibits self-confidence, competence and a positive approach to the work

·       Excellent level of customer service skills and professionalism

·       Seeks advice and assistance where necessary for timely and appropriate resolution of project related issues

·       Strong oral and written communication skills

Qualifications:

The ideal candidate for this position will thrive in an entrepreneurial environment and be self-driven, task oriented and an enthusiastic team player. The candidate should also have the ability to manage multiple priorities as well as have excellent communication and analytical skills.

•    Bachelor’s Degree or higher in business/accounting

•    CPA is strongly preferred but not required

•    5+ years of accounting experience including some aspect of real estate is preferred

•    Solid understanding of GAAP accounting and reporting rules as they pertain to the real estate and property management industry

•    Self-driven, self-sufficient, motivated and able to complete projects

•    High level of attention to detail and accuracy and ability to make effective decisions and solve problems

•    Strong analytical skills and ability to interpret data and develop effective models

•    Strong understanding of MS Office Suite; advanced proficiency in Excel

•    Proficiency utilizing QuickBooks, and knowledge of Yardi is preferred