Accounting ManagerLocation: Red Bank, NJ (On-site)
Status: Full-time, Exempt
Compensation: $95k - $115k
About the RoleWorking as part of our team of accountants, the candidate will be responsible for the review, accuracy and timeliness of the monthly closing of the books and records of a portfolio of properties and related entities. This job description is not an exclusive or exhaustive list of all the job functions that an employee in this position may be asked to perform from time to time.
Essential Functions- Oversee the monthly close process of assigned properties by reviewing the monthly operating reports prepared by an outsourcing team
- Prepares required lender/investor reports for assigned properties, and monitors compliance with covenant and reporting requirements
- Prepares documentation requirements for draw submissions and liaises with lenders to complete the draw process
- Monitors and manages all cash, accounts payable and accounts receivable of assigned properties
- Communicates and responds to inquiries from tenants and vendors of assigned properties as the need arises
- Participates in the annual budgeting process and prepares required submissions
- Collaborates with Asset Management, Property Management and other stakeholders to address financial matters
- Coordinates with tax accountants and/or external auditors at year and prepares all required schedules to complete year end requirements
- Coordinates with outsourcing company (Fulcrum)
- Reviews financial statement and tax return drafts before these are submitted for approval
- Reviews CAM reconciliation prepared by outsourcing team, and responds to tenant inquiries as needed
- Ensures that the property's financial activities comply with relevant laws and regulations
- Other duties that may be assigned from time to time by the Chairman and CEO
Skills Required- Strong Accounting Skills: Proficiency in accounting principles, financial statement preparation and account reconciliation
- Real Estate Knowledge: Understanding of real estate transactions, leases and property management practices
- Analytical Skills: Ability to analyze financial data, identify trends and make informed recommendations
- Communication Skills: Effective communication skills to interact with various stakeholders and explain financial information
- Organizational Skills: Ability to manage multiple tasks, prioritize work, and meet deadlines
- Software Proficiency: Familiarity with accounting software and property management system
- Problem Solving Skills: Ability to identify and resolve financial issues effectively
Qualifications- Bachelor's degree in accounting
- Minimum of 3 years in property accounting
- Proficiency in Yardi, or any real estate software
- Proficiency in Microsoft Excel, Word and Outlook, and document management softwares
Pay Range: $95,000 - $115,000 per year
