CapEx Accounting Analyst

 

At Flow, we’re reimagining what it means to live, work, and connect. More than just a real estate company, Flow is a brand, a technology platform, and an operations ecosystem spanning condominiums, hotels, multifamily residences, and office spaces. We’re building a new kind of living experience: one that’s flexible, connected, and designed to create genuine community and real value for the people who call Flow home.

 

Our mission is oneness:  prioritizing our residents and their experiences, and fostering connection with ourselves, their neighbors, and the natural world. By putting people at the center of everything we do, we’re creating vibrant, human-centered communities where life, work, creativity, and play all come together in one place.

We are seeking an experienced Accounting Specialist to lead the oversight and management of capital expenditure (CapEx) projects across multiple business lines at Flow. In this role, you will be responsible for budget adherence, monthly reporting, compliance and documentation, and process enhancements.

Collaborate effectively with project managers, finance teams, and department heads to monitor and track CapEx projects spanning various business lines 

Develop, implement, and oversee control procedures and forms to effectively track and report capital expenditures

Maintain  comprehensive records of all CapEx projects, encompassing project specifics, budgets, change orders, and key financial metrics

Collaborate closely with  Property Management on a daily basis to manage changes, streamline process flow, and  develop a robust tracking system for monitoring related CapEx items

Understand and document processes within the CapEx workstream, including operational and financial controls

Monitor spending associated with each CapEx project to ensure alignment with approved budgets, identifying and addressing discrepancies promptly 

Regularly review/reconcile financial data against accounting records, report discrepancies to Controller, and take corrective action as needed

Ensure accurate and timely capitalization of eligible expenditures in accordance with accounting standards, reflecting them appropriately in the general ledger

Prepare and deliver regular reports on the financial status and progress of CapEx projects to senior management and relevant stakeholders

Conduct variance analyses and offer recommendations to enhance financial performance and project efficiency

Bachelor’s degree in Accounting or Finance 

5-7+ years of experience in Accounting or Financial Management 

Strong analytical and problem solving skills

Attention to detail, precision, and the ability to work with complex financial data

Knowledge of accounting principles, including GAAP; IFRS a plus

Effective communication and interpersonal skills and the ability to collaborate with cross-functional teams and leaders

Ability to multitask, prioritize, and meet deadlines in a fast-paced environment

Proficiency in Excel, GSuite, Intacct a plus

We take care of our people so they can do their best work. 

• Health and Wellness  Comprehensive medical, dental, vision, disability, and life insurance and parental leave benefits. On-staff doctor, free therapy through SpringHealth, acupuncture, an Employee Assistance Program, and other wellness offerings.
• Time Off  PTO and paid holidays.
• Financial  401(k) retirement plan, healthcare and dependent care FSAs, HSA-compatible plan options with annual employer HSA funding and pre-tax commuter benefits.
• Life at Flow  Weekly catered lunches, wellness classes and employee discounts on Flow hotel stays, grocer products, and merch.