Senior Associate, Accounting

About Prime: Prime Residential is an established owner and operator of more than 21,000 multifamily apartments and townhomes, providing appealing amenities and superior customer service in some of the most sought-after locations along the West Coast. We are committed to maintaining a richly diverse and inclusive company culture where all people feel welcomed and valued. 

Work Location: HYBRID On-site three days a week in our beautiful headquarters located in the Transamerica Pyramid.

Target Pay: $118,440 to $131,600 per year + discretionary bonus

Role overview:

Prime Residential is seeking a Senior Associate, Accounting to join the Prime Residential Finance team. 

The Senior Associate, Accounting, will play an integral role in scaling Prime Residential (“Prime” or the “company”) by supporting and modernizing corporate accounting operations. This is a high-impact opportunity for a motivated, solution-oriented professional who enjoys improving workflows, building repeatable processes, and partnering with external advisors in a growing business. 

The Senior Associate will report directly to the Director, Corporate Accounting and own core accounting processes for the Company’s funds and investment entities and also manage day-to-day activities of the third-party administrator responsible for Prime’s management companies. 

This is a unique opportunity for a versatile, hands-on professional who thrives in a dynamic environment and enjoys shaping and improving processes within a collaborative culture and stable business foundation.

Who You Are:  

• Solution-oriented, growth-minded professional who actively seeks opportunities to improve processes and build operational efficiency.
• Highly organized and able to manage multiple priorities and deadlines in a fast-paced environment.
• Comfortable working in dynamic, evolving environments with a proactive, ownership-driven mindset.
• A clear and effective communicator who collaborates easily across functions and with external partners, translating financial information for varied audiences.

What You'll Do:

Fund and Investment Accounting and Reporting

• Manage accounting operations and investor records of investment funds and entities, including capital accounts, capital calls, distributions, and investment funding activities.
• Prepare monthly, quarterly, and ad-hoc investor reporting, including capital account statements and responding to investor requests.
• Assist with track record updates and performance calculations for the investment portfolio.
• Monitor liquidity and prepare cash forecasts, capitalization reports, and distribution analyses.
• Calculate and coordinate management fee accruals and payments in accordance with governing agreements.
• Perform monthly reconciliations of balance sheet and income statement accounts, including variance and fluctuation analysis.
• Prepare full GAAP financial statements, including footnotes.
• Lead audit process, including preparation of PBCs, responding to inquiries, and addressing auditor comments.
• Support annual tax compliance efforts by preparing schedules and responding to tax team requests.

Debt, Capital Markets, and Acquisitions Support

• Manage debt covenant compliance and reporting in coordination with the capital markets team.
• Partner with acquisitions and capital markets teams to coordinate new investments, funding activities, and accurately record related accounting entries.

Property and Management Company Oversight

• Partner with the property accounting team to ensure timely and accurate reporting, including capital expenditure review and depreciation.
• Oversee and review work performed by third-party accountants for management company, including AP, expense allocations, cash activity, and monthly reporting.

Process Improvement and Ad-hoc Projects

• Assist in developing, documenting, and improving accounting policies, procedures, and controls.
• Support process improvement and automation initiatives and other ad-hoc projects as directed by the Director of Corporate Accounting, SVP of Accounting & Tax, or CFO.

What You'll Need: 

• Bachelor’s degree in Accounting, Finance, or a related field.
• 2 to 5+ years of accounting experience, preferably within real estate or multi-family investments.
• Audit experience and CPA a plus.
• Experience preparing GAAP financial statements and consolidations for real estate partnerships.
• Strong MS Excel skills and proficiency in Microsoft Office; experience with RealPage a plus.
• Detail-oriented with exceptional organizational skills.
• Ability to work independently and as part of a team.

What We Offer:

At Prime Residential, we believe our people are our greatest investment. We’re proud to provide benefits that support your health and growth, including:

• Comprehensive medical, dental, and vision coverage, including a zero-cost medical plan option.  
• PTO plus company-wide holidays, 2 floating holidays, a day off for your birthday, and a day to give back through volunteering.
• Paid Parental Leave. Because the most important things in life shouldn't have to compete with work.
• 401(k) retirement plan including a Roth option and a company matching contribution for eligible participants to help you build long-term financial security. 
• Tuition reimbursement to support your continuous learning and career development.
• Team members receive exclusive housing discounts at Prime-managed properties, because we believe the people who build great communities should get to be part of them.

JOIN OUR TEAM: If you are a dedicated professional with a passion for excellence and customer service, we would love to hear from you! Apply now to join Prime Residential and contribute to our vibrant community.  

Privacy Notice: https://www.primegrp.com/ccpa-info-current-and-prospective-employees/   

At Prime Residential, we celebrate and support diversity for the benefit of our employees, our business, and our community.  

Prime is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status. Prime is also committed to compliance with all fair employment practices regarding citizenship and immigration status and, where applicable, pursuant to the San Francisco Fair Chance Ordinance, we will consider qualified applicants with arrest and conviction records.  

Regarding Prime Residential's Compensation Philosophy: The pay range for this position refers to what we reasonably expect to compensate for this role. Individual compensation is based on various factors, including experience, education, skillset, and geographic location. The specified range is reflective of the intended regional labor market.

PLEASE NOTE: To promote equity and uphold our internal compensation standards, the target base and bonus for this position are non-negotiable.