Careers at RCS

Job Title: Senior Accounting Manager
Job Type: Full-Time; Exempt
Reports To: Senior Finance Director

APPLY HERE

COMPANY BACKGROUND
Real Capital Solutions is a highly entrepreneurial Real Estate Investment Company pairing active capital with an emphasis on street level solutions. As an active investment management company sources deals in value-add, opportunistic and high barrier to entry markets. RCS is solutions oriented real estate company that focuses on Acquisitions, Development and Management for highly complex and structured real estate opportunities. RCS has 35 years of operational and real estate expertise with returns that are in the top 5% of private equity real estate firms in the US.

SUMMARY
The Accounting Manager is responsible for all property accounting functions for RCS’s $1.6B real estate investment portfolio, which consists of approximately 80 properties spread across different asset types including commercial, multi-family, development, and for-sale residential. Successful candidates will have an in-depth knowledge of commercial and residential real estate, and preference will be given to those applicants who have experience with job costing and development accounting.

RESPONSIBILITIES
1. Accounting
o Oversee the efforts of third-party property management accounting teams for the managed portfolio (~73% of the total portfolio).
o Manage the construction and cost of sales accounting functions for the development, homebuilding, and condo portfolios (~2% of the total portfolio).
o Manage the property accounting functions for internally managed commercial properties (~25% of the total portfolio).
o Work with third-party property managers and equity partners to establish proper accounting and reporting after the acquisition of new properties.
o Monthly review of property- and portfolio-level financial performance; lead monthly financial review meetings with Asset Management.
o Review 1031 exchange accounting with direction from tax department.
o Guide and review acquisition / disposition entries.
o Monitor and analyze department work to develop more efficient procedures and use of resources while maintaining a high level of accuracy.
o Lead annual portfolio-level initiatives, including CAM calculations and reconciliations, property budgets, and year-end tax file preparation.
o Implementation and management of new reporting tools including consulting with Asset Management on needs and training of Accounting Team

2. Management
o Represent Accounting in department and asset management meetings
o Manage the ongoing efforts of the staff through technical instruction and review of work product.
o Support the Senior Finance Director with ad-hoc analysis of the portfolio.
o Monitor and analyze department work to develop more efficient procedures and use of resources while maintaining a high level of accuracy.
o Supervise direct reports: establish annual performance goals and objectives; monitor and guide progress to enhance their professional development

QUALIFICATIONS
• Undergraduate degree in accounting required
• Certified Public Accountant (CPA) or equivalent preferred
• Canadian / Foreign transaction experience a plus
• Eight to ten years of progressive real estate accounting experience, with a minimum of three years of management experience
• Detailed understanding of commercial and residential real estate
• Proficient with MRI
• Excellent MS Excel skills and proficient in other MS products
• Strong attention to detail
• Strong organizational and communication skills
• Ability to manage several projects/tasks at one time

ESSENTIAL FUNCTIONS
1. Ability to comply with company rules and regulations.
2. Ability to communicate effectively and courteously with internal and external customers through two-way verbal and written communication (speech, hearing, and writing).
3. Ability to operate various office equipment including, computer, telephone, fax, copier, calculator.
4. Ability to write and see things in close proximity.
5. Ability to work independently and refer appropriate matters to supervisor when necessary.
6. Ability to comprehend written and verbal communication.

PHYSICAL DEMANDS & WORK ENVIRONMENT
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is frequently required to stand, walk, and talk and hear. The employee is frequently required to sit when doing paperwork or answering emails; use hands or fingers to utilize computer. Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception and ability to adjust focus.

APPLY HERE

Job Title:                   Financial Analyst
Job Type:                 Full-Time; Exempt
Reports to:              Finance Manager | Senior Finance Director
Date:                         April 2022
COMPANY BACKGROUND

Real Capital Solutions is a highly entrepreneurial real estate investment company pairing active capital with an emphasis on street level solutions. As an active investment management company sources deals in value-add, opportunistic and high barrier to entry markets. RCS is solutions oriented real estate company that focuses on acquisitions, development, and management for highly complex and structured real estate opportunities. RCS has 35 years of operational and real estate expertise with returns that are in the top 5% of private equity real estate firms in the US.

SUMMARY

The Finance Analyst position will assist in the analysis of real estate investment properties or projects, which is expected to include the following: industrial warehouses, suburban office, multifamily, senior housing, hospitality, retail repositioning, townhomes, single family homes, condos, residential land entitlements and other types as the Company continues to diversify.  This individual will have strong financial and written communication skills and prior analysis experience as a Real Estate Investment Analyst.

RESPONSIBILITIES

• Prepare periodic reforecasting of investments using ARGUS, Excel
• Review and analyze actuals to budget to forecast
• Review cash forecast and present recommendation in meeting.
• Uploading proformas and loan information for acquisitions
• Upload new leases and loan agreements
• Reviewing legal and loan agreements for lender compliance, waterfall calculations
• Review and analyze leases and rent rolls
• Create loan draw request packages
• Business analysis including hold/sell analysis
• Assist the finance, accounting and other RCS teams with other duties involved in acquiring and supporting the Asset Management of Commercial assets.
• Work with Business Development to enhance automated processes

To be able to perform the job, this individual will have the following:

• Strong financial skills and experience underwriting commercial real estate assets.
• Proven Excel, Argus Enterprise, writing, and communication skills with sound judgment are a must.

QUALIFICATIONS

We anticipate this position will be demanding; therefore, we seek candidates who are:

• Undergraduate degree in Finance, Accounting or Economics (or related work experience)
• One – 4 years finance experience
• Excellent MS Excel, MS Word, MS PowerPoint, communication, and writing skills

• Proficient in Argus Enterprise software
• Experience in Commercial Real Estate investment.
• Experience with TM1 or other database software a plus
• Driven and ambitious
• Self‐motivated
• Creative and highly analytic problem solver
• Strong research skills

ESSENTIAL FUNCTIONS

1. Ability to comply with company rules and regulations.
2. Ability to communicate effectively and courteously with internal and external customers through two-way verbal and written communication (speech, hearing, and writing).
3. Ability to operate various office equipment including, computer, telephone, fax, copier, calculator.
4. Ability to work long hours.
5. Ability to write and see things in proximity.
6. Ability to work independently and refer appropriate matters to supervisor when necessary.
7. Ability to comprehend written and verbal communication.

PHYSICAL DEMANDS

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee is frequently required to stand, walk, and talk and hear. The employee is frequently required to sit when doing paperwork or answering emails; use hands or fingers to utilize computer. Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception, and ability to adjust focus.

WORK ENVIRONMENT

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

TO APPLY
Please apply by sending a cover letter, detailing your experience and salary requirements, and resume to jobs@realcapitalsolutions.com. Please enter “Financial Analyst” in the subject line of your email.

Job Title:                   Senior Accountant – Property
Job Type:                   Full-Time; Exempt
Reports to:                Senior Accounting Manager
Date:                          June 2022

COMPANY BACKGROUND

Real Capital Solutions is a highly entrepreneurial real estate investment company pairing active capital with an emphasis on street level solutions. As an active investment management company sources deals in value-add, opportunistic and high barrier to entry markets. RCS is solutions oriented real estate company that focuses on acquisitions, development, and management for highly complex and structured real estate opportunities. RCS has 35 years of operational and real estate expertise with returns that are in the top 5% of private equity real estate firms in the US.

SUMMARY
The Senior Accountant – Property will assist the Property Accounting team in the day-to-day operations of the department. The incumbent will have a good working knowledge of accounting, finance, and budgeting – including Generally Accepted Accounting Principles. The Senior Accountant will be responsible to maintain accurate accounting records for projects falling under the purview of the department.

RESPONSIBILITIES

• Review/Analyze 3^rd party provided monthly financial statements and supporting schedules
• Provide oversight and direction to 3^rd party property accounting teams
• Prepare in-house managed financial statements and supporting schedules
• Compile financial statements and provide analysis and support documents
• Prepare periodic internal accounting review files for management and tax department
• Perform complex accounting tasks such as 1031 Exchanges, capitalization policies, and acquisition/disposition entries
• Inter-department cross-training on specialized accounting functions
• Review/prepare/analyze the annual budgeting efforts of the assigned portfolio
• Review CAM reconciliations prepared by 3^rd party property management
• Oversee accounting for investment entities, including all capital activity
• Tracking and analysis of TI, CAPEX & LC activity, and Work-in-Process

QUALIFICATIONS

• Bachelor’s degree in Accounting preferred, or comparable work experience
• Minimum 6-8 years of solid accounting experience
• Homebuilding/Development/Commercial accounting experience preferred
• Detail oriented with ability to work in a high-volume setting
• MRI and Sage Timberline software knowledge a plus
• Exceptional math aptitude and skills
• Solid understanding of MS Excel, good working knowledge of Word
• Strong organizational and planning skills
• Ability to manage several projects/tasks at one time
• Effective written and oral communication skills
• Additional projects and duties as assigned by Accounting Manager

ESSENTIAL FUNCTIONS

1. Ability to comply with company rules and regulations.
2. Ability to communicate effectively and courteously with internal and external customers through two-way verbal and written communication (speech, hearing, and writing).
3. Ability to operate various office equipment including, computer, telephone, fax, copier, calculator.
4. Ability to work independently and refer appropriate matters to supervisor when necessary.
5. Ability to comprehend written and verbal communication.
6. Must demonstrate good team player skills, cooperation, and positive attitude

PHYSICAL DEMANDS
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee is frequently required to stand, walk, and talk and hear. The employee is frequently required to sit when doing paperwork or answering emails; use hands or fingers to utilize computer. Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception, and ability to adjust focus.

WORK ENVIRONMENT
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

TO APPLY
Please apply by sending a cover letter, detailing your experience and salary requirements, and resume to jobs@realcapitalsolutions.com. Please enter “Senior Accountant – Property” in the subject line of your email.

Job Title:                   Vice President of Acquisitions
Job Type:                   Full-Time; Exempt
Reports to:                Chief Acquisitions Officer
Date:                          August 2022

COMPANY BACKGROUND

Real Capital Solutions is a highly entrepreneurial Real Estate Investment Company pairing active capital with an emphasis on street level solutions. As an active investment management company, we source value-add, opportunistic, development and longer-term hold investment opportunities in a variety of markets. RCS is a solutions-oriented real estate company that focuses on Acquisitions, Development, Management and Sales for highly complex and structured real estate opportunities. With 35 years of operational and real estate expertise, we have delivered returns that are in the top 5% of private equity real estate firms in the US.

SUMMARY

The VP of Acquisitions will generate new acquisitions, joint venture investments and development opportunities. This position will evaluate each new commercial opportunity to determine whether the investment meets certain key criteria. Serves in a deal structuring capacity and oversees the investment analysis, underwriting, due diligence coordination, contract and partner negotiations, equity and financing packages, and risk analysis involved in the purchase and investment plan for the asset.  He/she will also be involved in the equity capitalization and debt financing process. This includes working with the capital markets team to coordinate the presentation of the investment to both internal and external equity sources as well as various debt providers.

KEY ACCOUNTABILITIES

• Source and underwrite potential acquisition and development deals
• Develop initial business/investment plan for rents, capital improvements, operational changes, and sale
• Present to the Investment Committee
• Work directly with senior executives to continually refine investment strategy
• Work with financing team to source, quote, and place project‐level financing
• Negotiate directly with sellers and brokers to secure acquisitions on best possible terms
• Develop detailed business plans for Investors approval including the modeling of financial projections with detailed capital and operating budgets
• Underwrite and perform due diligence
• Manage the real estate investment process, including monitoring construction draws and change orders and the execution of acquisition and renovation/development plans
• Develop annual operating and capital budgets with the financial team
• Underwrite prospective deals in a clear, transparent way that serves our investment committee and investors well and then execute on those deals to close them quickly, reliably, with well‐managed risk and with a smooth turnover to asset management, providing a clear repositioning and/or value creation strategy for the asset.

QUALIFICATIONS

• Bachelor’s degree in engineering, construction, real estate or related field.
• Master’s degree in Real Estate or MBA is a plus.
• 10+ years of real estate acquisitions experience.
• Real estate acquisition underwriting experience is required
• Excellent quantitative, analytical, and problem-solving skills
• Strong interpersonal and management skills
• Ability to approach problems both logically and creatively
• Excellent organizational and strategic planning skills
• Proficient in Microsoft Office Suite
• Strong understanding of Argus lease analysis software
• Understand deal structuring, waterfalls, development and generate creative solutions to maximize investor returns
• Excellent communication skills, both oral and written
• Ability to create financial models is essential
• Excel in a high-impact position within a fast-paced, deadline-driven environment
• Highly organized with a keen sense of moving things forward to positive end results
• Willingness and ability to travel up to 20%, travel frequency intermittent.

DESIRED PERSONAL TRAITS

• Passion and loyalty for the company.
• Ability to think analytically and problem solve, combined with a willingness to ask questions and work collaboratively.
• Hard-working team player, positive and enthusiastic.
• Highly organized and detail-oriented self-starter.
• Ability to work under time pressures with multiple priorities while able to meet deadlines with accuracy.
• Discretion with confidential information.
• Comfort with ambiguity and working in a fast-paced environment.
• Very driven and competitive
• Willing to work extremely hard
• Self-motivated

PHYSICAL DEMANDS

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee is frequently required to stand, walk, and talk and hear. The employee is frequently required to sit when doing paperwork or answering emails; use hands or fingers to utilize computer. Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception, and ability to adjust focus.

WORK ENVIRONMENT

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

TO APPLY
Please apply by sending a cover letter, detailing your experience and salary requirements, and resume to jobs@realcapitalsolutions.com. Please enter “VP – Acquisitions” in the subject line of your email.

Job Title:                Analyst – Commercial Acquisitions
Job Type:               Full-Time; Exempt
Reports to              VP/Director of Commercial Acquisitions
Date:                      August 2022
COMPANY BACKGROUND

Real Capital Solutions is a highly entrepreneurial real estate investment company pairing active capital with an emphasis on street level solutions. As an active investment management company, RCS sources deals in value-add, opportunistic and high barrier to entry markets. RCS is a solution oriented real estate company that focuses on acquisitions, development, and management for highly complex and structured real estate opportunities. RCS has 35 years of operational and real estate expertise with returns that are in the top 5% of private equity real estate firms in the US.

RESPONSIBILITIES

The Analyst position will assist in the acquisition and asset management of Commercial Properties with a secondary emphasis on development and will entail the following:

• Creating proformas using Argus and Excel
• Drafting offers
• Reviewing leases and other legal documents
• Collecting and analyzing due diligence information
• Market analysis and forecasting
• Creating loan request packages
• Creating equity request packages
• Drafting investment update reports
• Business analysis
• Creating contract exhibits
• Assisting the team with the many other duties involved in acquiring and asset management of commercial assets.

To be able to perform the job, this individual will have the following:

• Strong financial skills and experience underwriting commercial real estate assets.
• Proven Excel, writing, and communication skills; with sound judgment are a must.
• Knowledge of Argus
• Limited travel to visit potential acquisition deals is required

QUALIFICATIONS

We anticipate this position will be demanding; therefore, we seek candidates who are:

• Driven and ambitious.
• Willing to work extremely hard.
• Self‐motivated
• Creative and highly analytic problem solvers.
• Undergraduate degree in Real Estate, Finance, Accounting or Economics (or related work experience)
• Excellent MS Excel, MS Word, MS PowerPoint, communication, and writing skills
• Strong Argus valuation software skills
• Interest and/or experience in commercial investments
• 1-2 years of real estate underwriting and investment experience
• Strong research skills

ESSENTIAL FUNCTIONS

1. Ability to comply with company rules and regulations.
2. Ability to communicate effectively and courteously with internal and external customers through two-way verbal and written communication (speech, hearing, and writing).
3. Ability to operate various office equipment including computer, telephone, fax, copier, calculator.
4. Ability to work long hours.
5. Ability to write and see things in close proximity.
6. Ability to work independently and refer appropriate matters to supervisor when necessary.
7. Ability to comprehend written and verbal communication.

PHYSICAL DEMANDS

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee is frequently required to stand, walk, and talk and hear. The employee is frequently required to sit when doing paperwork or answering emails; use hands or fingers to utilize computer. Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception, and ability to adjust focus.

WORK ENVIRONMENT

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

TO APPLY
Please apply by sending a cover letter, detailing your experience and salary requirements, and resume to jobs@realcapitalsolutions.com. Please enter “Analyst – Commercial Acquisitions” in the subject line of your email.

Job Title:               Staff Accountant – Corporate
Job Type:              Salaried; Full-Time; Exempt
Reports To:          Senior Accountant – Corporate
Date:                    August 2022

APPLY HERE

COMPANY BACKGROUND

Real Capital Solutions is a highly entrepreneurial real estate investment company pairing active capital with an emphasis on street level solutions. As an active investment management company sources deals in value-add, opportunistic and high barrier to entry markets. RCS is solutions oriented real estate company that focuses on acquisitions, development and management for highly complex and structured real estate opportunities. RCS has 30 years of operational and real estate expertise with returns that are in the top 5% of private equity real estate firms in the US.

SUMMARY

The Staff Accountant is responsible for accounting functions across all areas of RCS corporate operations, including but not limited to, corporate billing, month end reconciliation, financial statement preparation and analysis, annual budget preparation and accounting systems administration. Successful candidates will have a good working knowledge of accounting, finance and internal control principles.

RESPONSIBILITIES

1. Monthly accounting for RCS and related entities
   • Prepare and record journal entries for various G/L accounts
   • Review and code accounts payable invoices
   • Review and post credit card charges
   • Prepare bank reconciliation for multiple bank accounts
   • Prepare and ensure all G/L accounts are accurately reconciled
   • Prepare amortization schedules for various loan and loan participations

2. Prepare corporate billing and monitor collections
   • Produce invoices for closing fees, management fees, billable time, passthrough charges, etc.
   • Work with third-party property managers to update billing account information as necessary
   • Review and post cash receipt application from online payment portal

3. Maintain accounting systems administration including user setup and general maintenance
   • Avid – paperless A/P platform
   • Chrome River – employee expense reporting
   • Billable Time – internally developed tool utilizing IBM Planning Analytics

4. Assist in the preparation of various financial reports
5. Other tasks as assigned

QUALIFICATIONS

• • Bachelor’s degree in accounting required
  • Minimum 1-3 years of accounting experience
  • MRI accounting software and SQL query experience is a plus
  • Proficient in Microsoft Word, Power Point and Excel with the ability to prepare advanced spreadsheets, reports, and general business correspondence
  • Highly organized, detail oriented and able to multi-task proficiently while prioritizing work
  • Takes initiative and can work independently with minimal supervision
  • Possess sound judgment along with a high level of integrity, confidentiality, and dependability
  • Excellent problem-solving ability and creative skills to adapt to a changing, growing environment

ESSENTIAL FUNCTIONS

• • Ability to comply with company rules and regulations
  • Ability to communicate effectively and courteously with internal and external customers through two-way verbal and written communication (speech, hearing, and writing)
  • Ability to operate various office equipment including, computer, telephone, fax, copier, calculator
  • Ability to meet deadlines as directed by management
  • Ability to write and see things in close proximity
  • Ability to work independently and refer appropriate matters to supervisor when necessary
  • Ability to comprehend written and verbal communication

PHYSICAL DEMANDS & WORK ENVIRONMENT

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee is frequently required to sit, and speak and hear. The employee is frequently required to sit when doing paperwork or answering emails; use hands or fingers to utilize computer. Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception, and ability to adjust focus.

APPLY HERE