Commercial Loan Covenant Management- Manage all duties related to commercial loan covenants, including but not limited to:
- Manage the lender reporting process to ensure all reporting requirements are met
- Manage the debt service payment and loan draw process in conjunction with cash position monitoring
- Update, track, and maintain DSCR (Debt Service Coverage Ratio) calculations
- Monitor and track trigger events, cure conditions, and other loan requirements, providing timely updates to the management team
- Monitor and track waterfall fundings
- Update and maintain the mortgage module in Yardi
Annual Budgeting Support- Assist the Controller with the annual budgeting process, including but not limited to:
- Perform portfolio-wide analysis to support budgeting decisions
- Monitor and ensure Yardi budgets are consistent with five-year models
- Maintain and generate reports in the Yardi ABF module as needed
Cash Projection Management- Assist the Controller in managing cash projections, including but not limited to:
- Track tenant improvements, leasing commissions, lease-required landlord work, and capital expenditure project costs against budget
- Conduct cash projection analysis to support decision-making for the Leasing, Operations, and Construction departments
- Conduct Ad hoc analysis as needed
Tax Management Support- Assist the Controller with tax management duties, including but not limited to:
- Monitor and track tax compliance across federal, state, and local jurisdictions, including income, franchise, property, sales/use, and business license taxes
- Assist the Controller with tax implications analysis for real estate transactions, in coordination with outside advisors
Month-End Close Support- Assist the Controller in managing the closing process, including but not limited to:
- Review monthly budget variance reports to identify issues and provide feedback to the commercial property accounting team
- Review loan payment amortization schedules to ensure correct entries are booked
- Manage the quarterly distribution review process to ensure accuracy and completeness
- Assist with the annual review and analysis of capital expenditure and tenant improvement projects under Tangible Property Regulations for tax purposes
Required Qualifications- Bachelor's degree in Accounting, Finance, or a related field
- Minimum of five years of progressive commercial property accounting experience, including loan covenant compliance, cash projections analysis and construction accounting knowledge
- Strong working knowledge of GAAP and financial review experience
- Demonstrated strong analytical thinking and skills
- Advanced proficiency in Microsoft Excel and experience with accounting/ERP systems (e.g., Yardi, MRI, or comparable) needed
Location: Beverly Hills, CA
Job Type: Regular, Full-Time
Compensation Range: $120,000 - $135,000
The pay range for this role is:
120,000 - 135,000 USD per year (Omninet Capital Corporate Office)
