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.