Think Beyond The Label Jobs

Alco Investment Company

Human Resources

2958 6th Avenue South

Seattle, Washington 98134

(206) 382-7344

(206) 382-6548

We will be accepting applications for this job opening only between the opening and closing dates. Individuals who meet all of the requirements will be considered for an interview. Job applications may be filled out in person at the address above or online at www.alaskancopper.com (http://www.alaskancopper.com).

Date Posted: June 21, 2024

Closing Date: July 3, 2024

Job Title: Sr. Finance & Accounting Analyst - API

Pay Rate: $85,000 to $100,000 annually (DOE)

Location: 33930 Weyerhaeuser Way S. Suite 150 Federal Way, WA 98001

Job Summary: The Senior Finance & Accounting Analyst is a newly created position to support our rapidly growing real estate and investment portfolio. This position will provide financial analysis and accounting support and report to the Director of Finance & Accounting.

Alco Properties and Investments (API), a division of Alco Investment Company (Alco), is a commercial real estate investment and asset management firm. API manages a $1.5 Bill on investment portfolio consisting of assets owned by Alco and affiliated entities comprised of 50+ self-managed commercial real estate assets and an investment portfolio that includes 15+ real estate partnerships and 40+ venture capital investments managed by our partners. Although externally managed, our investment portfolio requires ongoing fiduciary oversight and analysis as well as the year-end collection and aggregation of over 50 Schedule K-1s.

Alco Investment Company is a multi-generational family-owned S-Corporation comprised of over 60 shareholders, including individuals and trusts. The consolidated financial statements include API and its wholly-owned operating business subsidiary, Alaskan Copper Companies, Inc. (ACC). Alco and its affiliated entities are structured as pass-throughs for tax purposes (LLC, LLP, S-Corporation) and all entities report on the income tax basis of accounting.

Requirements to be Considered For Position:

1. Bachelor's degree in business administration; concentration in accounting or finance preferred.

2. 3+ years of accounting and/or finance experience, preferably in commercial real estate.

   3. Strong technology skills; proficient in Microsoft suite, including Power BI. Experience with Yardi is preferred. Commitment to integrating artificial intelligence and machine learning tools.

3. Strong work ethic. Able to work independently and collaboratively.

4. Strong organizational and time/project management skills.

5. Exceptional analytical skills. Able to analyze data and communicate valuable insights.

6. Eager to continuously learn and develop.

7. Self-starter, proactive, and detail-oriented.

8. Exceptional written and verbal communication skills.

9. Consistently professional demeanor and behavior.

Required Essential Job Functions/Duties:

1. Prepare monthly financial statements (API and consolidated) and supplementary API reports using Planful and Excel. Assist in preparing monthly and annual executive/board presentations.

2. Prepare reconciliations and schedules for use by external consultants in the completion of annual finance projects which include the financial statement review, corporate valuation, property appraisals, insurance renewal and tax return.

3. Perform annual audits of partnership preference schedules to ensure accurate waterfall calculations used in the corporate valuation.

4. Extract and summarize real estate partnership data from multiple, unstandardized, and externally managed sources. Analyze and communicate key insights, trends and/or anomalies through leading a written and oral quarterly presentation to the Leadership Team. Include information on each partnership's financial performance, construction and capital project updates and leasing activities.

5. Participate in due diligence activities to assess investment opportunities including preparation of discounted cash flow models and lease analysis.

6. Prepare and compile information to comply with quarterly and annual lender reporting and covenant requirements for over 20 loans.

7. Assess and improve internal controls and optimize processes. Document procedures using Scribe, OneNote, or an equivalent tool.

8. Manage sub-ledgers in Excel for investment portfolio assets.

9. Manage fixed asset and lease acquisition records in Yardi's fixed asset module.

10. Perform various month-end and year-end closing tasks utilizing Yardi, Excel, and Planful.

11. Manage, review, and analyze legal documents, including debt and partnership agreements, utilizing eBrevia.

12. Manage and post monthly recurring journal entries. Prepare and post all other journal entries.

13. Daily monitoring and monthly reconciliation of over 25 bank accounts, 2 escrow accounts, and 2 lines of credit across 5 financial institutions.

14. Initiate bank and wire transfers. Process bi-weekly check runs using Yardi Bill Pay. Upload 100+ credit card transactions to the G/L weekly using Yardi's ETL upload functionality.

15. Assist with various treasury management tasks such as opening and closing bank accounts.

16. Manage the general ledger and chart of accounts. Provide account coding and general accounting guidance to asset management team.

17. Document the status of tasks and projects utilizing Monday.com.

18. Stay informed of current real estate market trends. Seek personal development opportunities to advance knowledge.

19. Prepare ad-hoc financial and portfolio analysis, special projects, and other duties as assigned.

Job Accommodations:

Considered on an individual basis.

Benefits:

1. Medical, vision and dental insurance

2. 9 paid holidays.

3. Life insurance and short term disability insurance.

4. Profit Sharing Plan.

5. 401(k).

6. Paid Vacation Days.

Physical Requirements:

1. This position requires the following in an 8-hour workday:

   Total At One Time (Hours) Total During Entire 8-Hour Day

   Standing: 1 to 1 ½ hours 2 hours

   Walking: 10 minutes up to 2 hours

   Sitting: 1 hour 4-5 hours

2. Movement of objects and strength required for this job:

Lifting: Carrying:

Up to 5 lbs: FREQUENTLY (34-66%) FREQUENTLY (34-66%)

6-10 lbs: OCCASIONALLY (1-33%) OCCASIONALLY (1-33%)

11-20 lbs.: OCCASIONALLY (1-33%) OCCASIONALLY (1-33%)

21-25 lbs.: OCCASIONALLY (1-33%) OCCASIONALLY (1-33%)

26-50 lbs.: OCCASIONALLY (1-33%) OCCASIONALLY (1-33%)

51-100 lbs.: NEVER NEVER

3. Required repetitive use of hands:

   Simply Grasping: YES Pushing & Pulling: NO

   Fine Manipulating: YES

4. Repetitive Actions/Movements Involving the Feet:

   Right Foot: NO Left Foot: NO

   Both: NO

5. Worker Positions Required in the Performance of this Job:

Climbing: OCCASIONALLY (1-33%)

Balancing: NEVER

Bending: OCCASIONALLY (1-33%)

Stooping: OCCASIONALLY (1-33%)

Kneeling: NEVER

Crouching: OCCASIONALLY (1-33%)

Crawling: NEVER

Reaching: FREQUENTLY (34-66%)

6. Sensory Requirements:

   Talking and/or Hearing: YES

   Seeing: YES

   Acuity: YES

   Depth Perception: YES

   Field of Vision: YES

   Accommodation: YES

   Color Vision: NO

7. Environmental Conditions That Are Found in the Work Site:

PHYSICAL SURROUNDINGS: X Inside (75% of time)

_ Outside (75% of time) _ Both (equal amounts)

TEMPERATURE: _ Cold (enough to cause bodily discomfort)

_ Hot (enough to cause bodily discomfort) _ Variations (sufficient to cause bodily reactions)

WET: _ Contact with water and/or other liquids

HUMID: _ Moisture content sufficient to cause bodily discomfort

NOISE: _ Sufficient to require hearing protection

VIBRATION: _ Sufficient to cause repeated motion or continuous shock

HAZARDS: _ Risk of bodily injury present

FUMES: _ Smoke or vapors resulting from combustion or chemical reaction

ODORS: _ Toxic or non-toxic smells

TOXIC CONDITIONS: _ Exposure to disabling fumes, dusts, gases, vapors, mists or liquids that may cause bodily harm.

DUST: _ Small particles that may cause occupational disease

POOR VENTILATION: _ Exposure to drafts or insufficient movement of air