Accountant, Private Credit - Reef Capital Partners

Position: Accountant, Private Credit

Company: Reef Private Credit/Canyon Accounting

Salary: $70,000-$80,000 DOE

Location: Lehi, UT

About the Company:

Reef Capital Partners is a Utah-based investment firm founded in 2005 with offices in Lehi, UT, Park City, UT, and Ivins, UT. Reef focuses on commercial real estate lending and development across the U.S.

Since 2005, Reef's team has completed more than 500 transactions. In addition to Reef's real estate investment strategy, Reef and/or affiliates own and operate various businesses that add significant long-term value to its projects. Reef has grown rapidly over the past few years, growing from about 25 employees to well over 200, and managed assets on behalf of over 750 institutional and individual partners worldwide..

Our mission is to recruit, develop, and retain entrepreneurial individuals who desire to build and create something long-lasting and meaningful. Our business enables bright, committed people to work in high-performing teams within an environment that allows each person to achieve their professional objectives. Reef values a strong culture dedicated to the health and well-being of our employees. Reef's team is currently involved in some of the most prominent development transactions in Utah and other targeted geographies across the United States.

Canyon Accounting, a subsidiary of RCP, provides accounting, executive, information systems, and strategy consulting services to RCP and private companies looking to grow in a forward-thinking manner. Canyon focuses on helping growing businesses primarily in the Real Estate and Hospitality industries. They provide a wide range of outsourced accounting and financial services, including outsourced bookkeeping, controller, and CFO services, in addition to tax preparation, planning, and entity structuring consulting. The team has decades of experience and prides itself in providing the highest level of service at a competitive rate and going above compliance services to adding tangible value to clients.

Key Responsibilities:

The Accountant will manage the accounting for the private credit arm of the company, Reef Private Credit (RPC), and work closely with and report to Canyon Accounting's Managing Director and Controller performing the following functions:

• Transaction management of funds for new and existing loans, including recording of loan reserves, disbursing loan servicing fees, borrower payments, and lender principal and interest payments
• Manage draws related to debt deals
• Manage intern(s) who assist in making draw and lender payments
• Perform accounting for all new loan funding's and payoffs
• Manage reserve balances
• Assist in reviewing borrower statements
• Prepare and check accuracy of payoff statements
• Maintain accounting books for various foreclosed loan and HOA entities
• Assist in month-end close tasks and preparation of monthly financial reports
• Assist in year-end financial statements preparation and other audit requests related to RPC
• Provide data summary and ad hoc reporting as necessary.
• Participate in special projects and perform other duties as required.
• Improve and automate processes and reports

Qualifications:

• Bachelor's degree in accounting
• 1-3 year experience in related field
• Master's degree in accounting and a CPA are preferred but not required
• Experience working with loan servicing and/or escrow accounting (preferred but not required)
• Experience in Xero and Netsuite accounting software (preferred but not required)
• Advanced Google Sheet/MS Excel skills
• Self-motivated and detail oriented
• Ability to manage multiple priorities and meet deadlines

Company Benefits:

• 401(k) Plan with Company Match
• Generous Health Plan with HSA Match
• Flexible Paid Time-off
• Daily company lunches
• Cell Phone Service Allowance
• Discounts at company-owned resorts and golf courses