Manager-Investment Accounting

Growing real estate investment company has a high-profile opportunity for a strong accounting professional with commercial real estate experience.  The Manager-Investment Accounting will manage all aspects of property and investment accounting for the company’s investments, including the closing process, property-level financial statement analysis, budgeting, reforecasting, and business intelligence.  Specific duties include the following:

  • Supervise, manage and direct day-to-day activities of property accounting and staff, including recurring journal entries, balance sheet reconciliations, variance reports and internal/external  financial reporting
  • Oversee and ensure timely and accurate monthly close of the property general ledgers and creation of property level financial statements
  • Review budget to actual explanations by line item for all properties and determine the key drivers of budget to actual property Net Operating Income variances
  • Partner with the Director – Investment Accounting and the Managing Director – Asset Management on the budgeting and reforecasting process for all properties
  • Partner with the Asset Management team to review accounts receivable detail along with the operations teams to determine the required bad debt reserves and to ensure all income is billed in accordance with lease terms, including review of monthly accruals and annual reconciliations of recovery items
  • Partner with various property operations groups to identify value creation opportunities at the property level that will drive efficiencies into the leasing and property valuation process and increase cash flow through sales reporting, percentage rent, and expense recoveries
  • Play a key role in the Company’s financial reporting process including the preparation of the quarterly report and annual audited financial statements
  • Provide sound advice relative to potential financial implications of proposed transactions, acquisitions, and dispositions and interact with all levels within the Company to ensure proper recording of financial transactions
  • Manage departmental projects that deploy updated processes and technology to create efficiencies and automate manual tasks
  • Assist with special projects or tasks to support the overall Company’s goals
  • Maintain and document policies and procedures around financial reporting, internal controls, and accounting system infrastructure

Position will supervise a growing staff, report to Director-Investment Accounting, and work closely with the Chief Financial Officer and other members of senior financial management.

This opportunity requires a Bachelors degree in Accounting, Finance, or related field and 6+ years of experience specifically in commercial real estate property accounting.  A focus on retail or office space preferred.   Masters degree or CPA preferred but not required.  Experience with Yardi and Argus Enterprise ideal.

To $120K plus bonus potential.

Please submit your resume in Word or PDF format to [email protected].

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