Our client is a market leader in the real estate industry, managing, developing and investing in properties. Their back-office operations are essential to the ongoing efficiency of the company and they wish to hire an Accounting Manager that will be responsible for financial accounting review and reporting of property operating entities and preparing financial statements for related affiliate entities that have ownership in the property.
Essential daily duties will include:-
? Ensure property financial packages are received and reviewed timely each month end for each owned hotel asset; ensure reserves are adequate, loan balances reconcile, fixed assets are recorded, etc.
? Review of property fixed asset activity to ensure proper capitalization and depreciation for purposes of both book and tax reporting;
? Maintain general ledger books and records for related affiliate ownership entities;
? Prepare monthly balance sheet reconciliations including analysis of fixed assets and depreciation, deferred assets, accrued liabilities, debt payable and statements of capital
? Prepare monthly cash flow forecast reporting for each property; review and establish appropriate property level reserves for FF&E, property tax and insurance.
? Prepare property distribution calculations (non-Fund)
? Prepare daily/monthly bank account reconciliations (ownership entities)
? Review and approve invoices posted into Accounts Payable (ownership entities)
? Prepare/submit/coordinate periodic loan compliance reporting for managed properties where applicable
? Support onboarding of new assets acquired or placed in service, including preparing closing entries and ensuring initial general ledger is set up properly (primarily non-Fund and developments)
? Responsible for establishment of credit card merchant numbers and coordinating with the Property Management team to ensure connectivity with hotel branded and POS systems;
? Coordinate with Property Accounting on preparation of work papers for acquired assets including calculating pro rations;
? Responsible for ensuring a controlled transition and wind-down for assets that are sold including pro ration calculations.
? Serve as liaison with Operations and Asset Management for the Annual Budget Process at the hotel level (provide assumptions for depreciation, insurance, professional fees, etc.)
? Prepare annual budgets for ownership level entities;
? Prepare work papers and provide support for Annual Tax Returns
? Prepare work papers and provide support for Annual Audits where applicable
? Support operational implementation of procedures and compliance with policy and process changes (such as employee benefits, software, etc.)
? Document standard operating procedures and policies
? Initiate, develop and implement ongoing process improvement
? Bachelor?s Degree in finance or accounting
? Real estate industry experience required
? CPA Preferred
? High level of proficiency with financial accounting software such as QuickBooks, Yardi, M3, etc.
? High level of proficiency with Microsoft Office, particularly Microsoft Excel.
? A minimum of 7 years? experience in the accounting profession (public, private or a combination of both)