Demonstrated management skills with a track record of building and mentoring teams
Experience in general ledger maintenance, including consolidations and eliminations
Knowledge of full disclosure financial statement preparation, including footnotes
Familiarity with multifamily real estate accounting and REIT tax compliance
Strong organizational and critical thinking skills
Excellent verbal and written communication abilities
Responsibilities
Oversee and manage debt investment portfolios to ensure timely completion of accounting processes
Review financial statements and reconciliations prepared by accounting staff for accuracy
Prepare fund financial statements and manage external audit processes
Produce quarterly reports in alignment with LPA and side letter requirements
Support portfolio management with internal reporting packages and ad-hoc requests
Lead team projects and manage competing priorities effectively
Develop and mentor team members while monitoring offshore resources for quality
Benefits
Comprehensive health and wellness programs
Incentives promoting physical, mental, financial, and behavioral wellbeing
Support for employee development and growth
Flexible work environment
Commitment to diversity and inclusion in the workplace
Full Job Description
Position Summary
The Sr Manager, Debt Accounting will oversee assigned portfolios of debt investments, properties or corporate entity accounting activities and produce timely and accurate financial statements for assigned portfolios or corporate entities.
Essential Functions:
Provide oversight and manage the portfolio of debt investments within the funds assigned, to ensure deadlines are met and processes are completed on a daily, monthly & quarterly basis
Oversee assigned debt investment accounting staff (including offshore team) and review property account reconciliations and financial statements prepared by them for accuracy and reasonableness
Prepare fund financial statements, consolidation entries, and reconciliations for funds assigned
Assist with adherence to internal controls surrounding financial reporting disclosure and compliance, and enhance internal controls as needed
Responsible for the management of the external audit process to meet set due dates throughout the year (including Planning, Interim and Year End)
Produce quarterly reports by set due dates, aligning with LPA and side letter requirements
Support portfolio management as needed in the process of compiling the internal reporting packages and adhoc requests, as needed (ie. cash needs, flash reports, etc.)
Understand and assist with returns calculations (TWR or IRRs) and dividend yields
Prepare quarterly, annual and adhoc investor requests as needed
Able to effectively use information technology systems and software to solve complex problems, address accounting needs and business issues, and generate operating efficiencies
Review REIT qualification testing on a quarterly basis and understand impacts of income/assets on REITs
Oversee related party and joint venture partner activity reconciliations and
related payments of intercompany balances and distributions. Assist in review of joint venture documents, loan agreements and waterfall calculation set up and maintenance
Assist in preparation of investor capital calls, distribution notices and capital account statements for funds assigned
Take lead on team projects; adhoc portfolio insurance claims, internal controls, procedure manuals, process efficiencies
Set direction for team, when competing priorities (month end close, audit requests, onboarding off-shore team, ad-hoc requests)
Start to take the lead on group calls, pull together notes ahead of time, and make sure everyone is on same page with main priorities
Manage and develop team members, including allocating regular one on one time to go through any areas that can be improved. Also, continue to monitor offshore resources to ensure work product is adequate and provide feedback to the group if areas of concern and provide recommendations for improvement.
Consistently demonstrate use of tact and discretion
Knowledge/Experience:
5+ years of practical accounting experience
Demonstrated management skills with track record of building teams and identifying, mentoring, and growing talent in-person and virtual
General ledger maintenance including consolidations and eliminations
Practical accounting knowledge of account balances
Full disclosure financial statement preparation, including footnotes
Budgeting and forecasting
Multifamily real estate accounting/management
REIT tax compliance
Aptitude for organizing, prioritizing, and managing multiple priorities, using critical thinking and problem solving
Demonstrated multi-modal communication style that reaches every stakeholder, specifically excellent verbal, and written communications
Ability to communicate with and manage up to senior management
Collaborative working style with inclusive work and thinking behaviors, commitment to excellence in teams and work product, with a strong work ethic
Demonstrate emotional intelligence in high pressure and sensitive situations
Tenacity, patience, and perseverance to work with business deals from beginning to end of process
Maintain confidentiality of sensitive information and communications of information
Represent the Berkshire employment brand well to candidates by seeking to understand the capabilities and insights of people with unique backgrounds, cultures, styles, and abilities
Develop productive working relationships with all team members including internal clients and external third parties
Demonstrated high level of ethics and integrity with a straightforward and honest approach
Technical/Educational Requirements:
Bachelor's degree with a concentration in accounting
CPA or be CPA qualified preferred
Must have experience with computer usage/applicable software to solve accounting issues
Demonstrated ability to use and learn new technology (e.g., computers/hardware, mobile, software, cloud-based programs)
Proficiency with computers, keyboards, monitors and telephone headsets.
Proficiency in Microsoft Suite of Products (e.g., Word, Outlook, Excel, Teams, Power Point)
Berkshire Residential offers an excellent benefits package, focusing on our employees' total health and wellness. We offer programs and incentives that promote physical, mental, financial, and behavioral wellbeing both within and beyond our workplace. Current anticipated annual base salary range: $120,000 - $140,000. Base salary within the range will be determined by various factors including but not limited to the individual's experience, skills and qualifications. Please visit our Careers page for full details - and to learn more about how we value our employees.
