Manager of Accounting

Our client a premier real estate company that develops, operatess and manages more than 650 properties and 325 million square feet of real estate across the globe.The team is looking add a hands on Manager of Accounting to the team who will be responsible for providing timely and accurate accounting services and reporting of day-to-day operations of office and retail properties, managing and executing the financial reporting, budgeting and forecasting process for assigned properties.

JOB DESCRIPTION / RESPONSIBILITIES

Leadership

  • Take responsibility and ownership of financial results in monthly review and presentation to management.
  • Assist, review and coordinate the workflow of Leasing Administrator, A/R and A/P Supervisors
  • Train staff in technical accounting
  • Multitask and plan for success

General Accounting

  • Review and analyze general ledgers for respective properties process journal entries, calculate monthly accruals and update balance sheet backup schedules.
  • Review and approve A/P voucher, payroll data entries, A/R adjustments, daily cash receipts journal, etc.

Financial Reporting

  • Prepare monthly and quarterly reporting packages for properties and the region for the corporate office
  • Review and prepare necessary reconciliations to balance sheet and income statement in a timely manner.
  • Prepare monthly and quarterly variance analysis and monthly balance sheet analysis
  • Ensure compliance of mortgage loan covenants and reporting requirements
  • Experience with Joint venture partnerships accounting and reporting
  • Review and evaluate accounting results to ensure financials are free of error and fraud, including but not limited to variance explanations.
  • Understand and explain the big picture to manager and executive team
  • Review loan agreements and prepare lender reporting, including but not limited to calculating Debt yield/DSCR

Audit

  • Prepare detailed year-end financial reconciliations, analyses and working papers
  • Provide accounting detail and assistance to internal/external auditors

Forecast and Budgets

  • Prepare quarterly forecasts, invoicing of operating expense recoveries, C.P.I. adjustments and security deposit transactions
  • Preparation of annual budget package, detailed variance analysis, and balance sheet analysis

QUALIFICATIONS:

  • Bachelor of Science in Business Administration – Accounting/Finance; CPA preferred but not required.
  • Strong accounting skills with in-depth knowledge of US GAAP; IFRS knowledge a plus (specifically real estate).
  • commercial real estate accounting experience preferred
  • Communication, presentation and interpersonal skills
  • Strong analytical ability
  • Effective communication and organizational skills; ability to handle multiple priorities, self-starter
  • Understanding of property management in relation to financial accounting, recoveries, budgeting and forecasting
  • Proficiency in PC based software. Must have experience working with Yardi. Experience in CTI and /or Hyperion a plus.

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