Our Team

James Kovalcheck
Director of Accounting and Financial Report

James Kovalcheck

Director of Accounting and Financial Report

James Kovalcheck joined Jonathan Rose Companies in March of 2017.  As Director of Accounting and Financial Reporting, Jim was brought on through the Forest City Realty Trust, Inc. transaction.  At Rose Community Management, Jim is responsible for Accounting, Financial Reporting, Revenues and Collections, Tenant Compliance, Treasury and Accounts Payable functions relating to managing forty-seven Federally Assisted Apartment Communities.

Prior to joining Jonathan Rose Companies, Jim served at Forest City Realty Trust, Inc.  He started as a Staff Accountant in 1986, and advanced to Vice President - Residential Group, in 2002.  Jim was a large asset to the company.  Some of his many responsibilities included overseeing the overall Forest City Residential Group accounting which included 32,000 Conventional, Federally Assisted and Tax Credit Apartment Units, $2.4 Billion in Real Estate Assets, and $365 Million in Revenues.  He was responsible for operational and development property accounting, as well as, US GAAP and Tax accounting.  Jim was also the main liaison to external auditors for significant quarterly transactions, SEC reporting, separate property audits and tax returns.

Some of Jim’s achievements at Forest City include being chosen as Residential Project Leader to convert mainframe based general ledger system to windows based general ledger system.  He was responsible for transferring and converting forty-five federally assisted properties from the Cost Method of Accounting to the Equity Method of Accounting.  This was required per adoption of the FIN 46 GAAP accounting standard.  Lastly, he was responsible for issuing Fair Value Financial Statements for a joint investment fund with the Arizona State Retirement System encompassing nine Residential Properties with an overall Fair Value of Real Estate totaling $735 Million.

Jim holds a Bachelor of Business Administration in Accounting from Cleveland State University.  He brings years of experience and history to the Rose Companies team.