Role description
CapEx Accounting Analyst
FlowAbout the Company
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.
About the Role
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.
Responsibilities
- 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
Ideal Background
- 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
Benefits
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.
Flow is proud to be an equal opportunity workplace and hires regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity and/or expression, pregnancy, Veteran status any other characteristic protected by federal, state or local law. In addition, we provide reasonable accommodation for qualified individuals with disabilities.