Corporate Senior Accountant

Job Description

Job Description

About Palindrome Communities

Founded in 1999, Palindrome Communities is a vertically integrated real estate investment, development, construction, hospitality, and property management firm headquartered in Portland, Oregon and is the parent of the following operating companies:

• PacifiCap Properties – Developer of over 50 projects located in Oregon, Washington, Arizona, Colorado, Nevada and New Mexico, and has a significant pipeline of future projects.
• PacifiCap Construction – Full service general contractor serving the Pacific Northwest and Southwest regions of the US, based in Tempe Arizona. Most of the construction projects are for property owned and operated by Palindrome Communities.
• PacifiCap Management – Property management company that manages over 35 properties with over 4,300 units in stabilized rental and mixed-use communities located in urban and suburban markets in Oregon, Washington, Colorado, Nevada, New Mexico, and Arizona. 95% of the properties managed are owned by Palindrome Communities.
• Somos Destinations – A rapidly growing hospitality division that manages various brew pubs, tap rooms and boutique motels including The Zed, Shifters Bar, Humdinger Pizza, Hollywood Q all located in Portland OR. Imperial Inn, Monterey Motel and The El Vado Motel located in Albuquerque NM.
• Rotator Beverage – Brewery operations in Portland, OR and Albuquerque, NM that produce various brands of craft beer including Ascendant, Zoiglhaus and Ponderosa Brewing.

Palindrome Communities is a leading real estate development firm specializing in multifamily and retail projects. Our mission is to create sustainable, high-quality developments that enhance communities while delivering strong returns to investors. As we continue to grow, we are seeking an experienced Senior Accountant to join our finance team and play a key role in managing our financial operations.

Industry: Real Estate Development (Multifamily & Retail)
Location: Portland, Oregon
Employment Type: Full-time
Reports To: Controller

Benefits & Compensation

• Competitive salary based on experience.

• Performance-based bonus opportunities.

• Comprehensive health, dental, and vision insurance.

• 401(k) plan with company matching.

• Professional development and career growth opportunities.

Senior Accountant Position Summary

The Senior Accountant will oversee essential accounting functions, including cash reconciliations, balance sheet reconciliations, and financial reporting. This role requires a deep understanding of real estate accounting, Opportunity Zone (OZ) funds, and industry-specific financial practices. The ideal candidate will have intermediate Excel skills, strong written and oral communication abilities, and keen attention to detail.

Senior Accountant Key Responsibilities

Accounting & Financial Reporting

• Perform monthly, quarterly, and annual cash and balance sheet reconciliations to ensure accuracy and compliance.

• Prepare journal entries, accruals, and adjustments in accordance with GAAP and company policies. Includes annual PMI Surplus Cash calculations for internal and external shareholders.

• Ensure the proper recording of real estate transactions, including acquisitions, developments, and dispositions.

• Maintain general ledger accounts and ensure proper classification of real estate assets, liabilities, and revenue.

• Assist with external audits, compliance reporting, and tax returns.

• Multi-entity and Intercompany accounting to ensure accuracy and completeness.

Payroll Accounting

• Entering corporate employee hours into the Xenium (3rd Party) online portal. Bi-weekly payroll.

• Perform multi-entity intercompany billings to all respective PacifiCap departments and affiliates. Once a month billbacks.

• Ensure and confirm accuracy of employee allocations

• Perform Out of Cycle payroll accounting that may include multi-entity intercompany billings.

• Perform Balance Sheet reconciliations and P&L trend analysis for payroll accounting.

Opportunity Zone (OZ) Fund Compliance

• Assist in the preparation of financial statements, investor reports, and tax filings, particularly related to Opportunity Zone (OZ) funds and other real estate investments.

• Support the accounting and reporting requirements for Opportunity Zone (OZ) funds, ensuring compliance with IRS regulations and investor reporting.

• Coordinate with auditors, tax advisors, and internal stakeholders to ensure accurate and timely OZ fund documentation and compliance.

• Monitor financial performance of OZ funds and assist in preparing required compliance reports.

Cash & Balance Sheet Management

• Manage cash flow processes to support project funding and operational needs.

• Oversee bank reconciliations, ensuring discrepancies are resolved promptly.

• Maintain balance sheet integrity, ensuring timely and accurate reconciliations.

Process Improvement & Collaboration

• Identify and implement efficiencies in financial reporting and accounting processes to improve accuracy and reduce reporting timelines.

• Collaborate with finance, development, and asset management teams to support strategic financial planning.

Senior Accountant Qualifications & Skills

Required:

• Bachelor’s degree in accounting, Finance, or a related field.

• 5+ years of accounting experience, preferably in real estate development (multifamily & retail).

• Strong knowledge of GAAP accounting principles and real estate-specific financial reporting.

• Strong analytical skills need for analyzing and reconciling accounts.

• Expertise in cash and balance sheet reconciliations.

• Intermediate Microsoft Excel skills, including proficiency with formulas, pivot tables, and data analysis.

• Strong communication skills (both written and verbal) for effective interaction with internal teams, external stakeholders, and investors.

• Ability to multi-task and work independently while meeting deadlines. Must be able to adapt and prioritize tasks.

Preferred:

• CPA or progress toward CPA certification.

• Experience with real estate accounting software (e.g., RealPage, Sage, Yardi, MRI, or similar platforms).

• Prior experience working with real estate development firm and/or property management

• Experience with Opportunity Zone (OZ) funds, including compliance and financial reporting.

We are proud to be an equal opportunity employer. We provide equal employment opportunities to all employees and applicants for employment and prohibit discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.