3CDC

Title:
3CDC Accounting Manager
Description:

Organizational Overview

 

The Cincinnati Center City Development Corporation (3CDC) is a 501(c)(3), tax-exempt, private, non-profit corporation. The organization’s mission and strategic focus is to strengthen the core assets of downtown by revitalizing and connecting the Central Business District and Over-the-Rhine (OTR). 3CDC works in close collaboration with the Cincinnati corporate community and City of Cincinnati to carry out its mission. With an annual operating budget of $20 million, the organization has a team of approximately 170 full-time staff and 180 part-time staff engaged in real estate development, real estate management, civic space management and programming and business district management.

 

  • Real Estate Development - To date, 3CDC has played a direct role in nearly $1.7 billion in development projects in downtown Cincinnati and the adjacent neighborhood of Over-the-Rhine. In completing over 100 development projects, 3CDC has reimagined key civic spaces, added market-rate and affordable housing to the urban core and created density through mixed-use residential and office projects that support local small businesses. 
  • Real Estate Management - 3CDC leases and manages over 660,000 square feet of commercial space and over 5,100 parking spaces with annual operating revenues exceeding $32 million.
  • Civic Space Management and Programming - 3CDC manages and programs six civic spaces – Fountain Square, Washington Park, Ziegler Park, Memorial Hall, Court Street Plaza and Imagination Alley. 3CDC hosts nearly 1,600 free family-friendly events each year at these spaces.
  • Business District Management – The organization manages two special improvement districts – the Downtown Cincinnati Improvement District and Over-the-Rhine South Special Improvement District – providing clean and safe services, homeless outreach, beatification efforts and marketing support to both districts.

Job Summary:

 

The Accounting Manager oversees the accounting for 3CDC’s development activities and capital management. Development activities include the accounting for land banked properties, active construction projects and fixed assets as well as compliance related to tax credit financing. Capital management includes accounting for 3CDC’s debt agreements - both as an asset and a liability - including loan servicing and the Funds cash flow projections. The Accounting Manager is also responsible for the Funds’ operating budgets and oversight of the accounts receivable and accounts payable clerks. 

 

Tasks:

 

  • Accurately maintains all applicable accounting records in accordance with accounting policies, Generally Accepted Accounting Principles and regulatory requirements
  • Develops, continuously improves and ensures compliance with accounting policies and procedures
  • Assists with preparing and posting general ledger entries on a regular basis, monitoring accounts and preparing complete and accurate account reconciliations on a routine basis
  • Assist with managing the Funds’ loan portfolio through loan servicing and cash flow projections to allow senior management to make future project development decisions
  • Support the development team in managing active project budgets and processing draws, as well as managing the predevelopment line of credit which fronts costs for projects in the predevelopment stage and real estate held for investment
  • Ensures debt payments are made in an accurate and timely manner through the use of a detailed subledger
  • Oversees the fixed asset subledger
  • Takes a leading role in the coordination of annual audits, agreed upon procedures and tax return compliance with external accountants
  • Assist the Accounting Director in maintaining accounting systems
  • Manage the tracking and accounting of asset’s equity position and investor management
  • Prepare reports and presentations for board and committee meetings
  • Responds to inquiries from management and other interested parties regarding accounting data, reporting and project investments.

 

This job description is not intended to be all inclusive.  The employee will also perform other reasonably related business duties as assigned by their immediate supervisor and other management as required.

 

Qualifications:

 

  • Demonstrated skills and knowledge of accounting, budgeting, real estate finance, internal controls and administrative functions   
  • Strong research skills related to technical issues on transactions in terms of the internal revenue code and/or generally accepted accounting principles
  • Demonstrated ability to gain a strong working knowledge of 3CDC’s mission and ongoing development activities and to effectively articulate such activities in a verbal and written form
  • Strong attention to detail and excellent organizational skills and work habits
  • Solid time management skills; ability to handle multiple projects, meet deadlines, and function independently and efficiently in a fast-paced environment
  • Experience in problem solving with ability to recognize issues and deal with them directly
  • Personable, positive, and enthusiastic attitude with capability to deal effectively with people (both internal and external) 
  • Excellent oral and written communications skills
  • Ability to make formal presentations in board of directors and committee meetings

 

Licenses, Credentials, Certifications

 

  • A bachelor’s degree or higher in accounting or related field from an accredited college or university
  • A minimum of 5 years directly related experience in a leadership position within a public or private organization in accounting or finance
  • An active CPA license, preferred

 

Skills or specialized knowledge

 

  • Extensive experience with New Markets and Historic Tax Credits is preferred
  • Extensive experience using Microsoft Office, especially Excel
  • Experience using (or the ability to learn the following software)
    • The Mortgage Office
    • MRI
    • Blackline
  • Must be able to maintain the highest degree of confidentiality

 

Physical and Mental Demands:

 

  • Frequently required to sit at a desk/workstation for long periods of time.
  • Ability to work at a computer terminal for an extended period of time.
  • Digital dexterity and hand/eye coordination in operation of office equipment.
  • Able to speak and hear employees on the phone or in person.
  • Body motor skills sufficient to enable employee to move around the office environment.
  • Additional mental requirements: compare, decide direct, problem solve, analyze, instruct, and interpret.
  • The ability to work well under stress.
  • This is a full-time, exempt position.

 

Disclaimer

 

This job description does not constitute a written or implied contract of employment.  It is not intended and should not be construed to be an exhaustive list of all responsibilities, skills, efforts, or work conditions associated with the job.  Furthermore, the employer reserves the right to revise or change the job duties and responsibilities as the need arises.

 

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Contact:

Daniel Lancaster: [email protected]

1203 Walnut Street, 4th Floor
Cincinnati, OH 45202