Real Estate Accountant in Charlotte, NC at LMC, A Lennar Company

Date Posted: 4/6/2020

Job Snapshot

Job Description


Our Company:

 Lennar Multifamily Communities (LMC), a wholly owned subsidiary of Lennar (NYSE:LEN), is a multifamily real estate development and operating company with a diverse portfolio of institutional quality multifamily rental communities across the US.  Between our completed developments and pipeline, LMC controls nearly 100 communities across the US that exceeds 31,000 homes and $12 Billion in development costs and consists of high-rise, mid-rise and garden apartments.

Venture Profile:

  •  Real estate venture comprised of two funds currently totaling $3.5B of capital with 50% leverage
  • Fundraising for a third develop-to-core fund is in process along with various other investment strategies
  • Fund Report under both historical cost GAAP and Fair Value IFRS

What the Company Offers You:

  • Opportunity to join the largest regional headquarters for this company; exposure to dynamic leadership
  • Family Oriented and fun environment
  • Competitive compensation and benefits


Summary of Position:

Responsible for assisting the Investments accounting team in all financial reporting and accounting related services required of corporate accounting.

Principal Duties and Responsibilities:

  • Assist with the consolidation accounting, reporting and financial control functions for real estate funds
  • Complete monthly, quarterly and annual close process, including journal entry input and assist with variance analysis preparation
  • Assist with preparation of financial statements and financial information for reporting to the corporate office and investment partners
  • Assist with investor-specific reporting requirements
  • Coordinate with the accounting department, auditors, and tax team to assist with annual audits and tax compliance for the funds
  • Assist with monthly equity draw package review for each asset and compiling a consolidated monthly draw to be delivered to our investors
  • Manage cash balance on bank accounts and prepare wire transfer requests
  • Assist with ad hoc requests or questions from investors and internal team members
  • Assist with REIT compliance and review on a monthly/quarterly/annual basis
  • Develop, implement and maintain appropriate financial and administrative systems and processes for the funds


Education and Experience Requirements:

  • Bachelor’s Degree required.
  • CPA preferred.
  • Strong accounting/financial background
  • REIT and IFRS experience is a plus.
  • Experience with fund and joint venture accounting preferred.
  • Advanced PC skills, including use of Excel.
  • Excellent analytical and written skills.
  • Strong communication.
  • Strong work ethic, team player.
  • Hands-on individual.
  • Interact well with co-workers.
  • Work in a fast paced and fast changing environment.

Physical Requirements:

This is primarily a sedentary office position which requires the ability to work in excess of eight hours per day in the confined quarters of an office.  Also requires the ability to bend, stoop, reach, lift, and move and/or carry items less than 20 pounds.  Finger dexterity in operating a computer keyboard and calculator.  Office work requires sitting at a computer monitor for extended periods of time, completing paperwork and to receive/return phone messages. May operate a motor vehicle.


Additional Requirements:

  • Comply with and implement company policies and procedures.
  • Accept constructive criticism and direction from managers.
  • Work overtime when necessary.

This description outlines the basic responsibilities and requirements for the position noted. This is not a comprehensive listing of all job duties of the Associates. Duties, responsibilities and activities may change at any time with or without notice.



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