About the Role: The Supervising Senior Property Accountant is responsible for accounting, financial reporting, financial analysis and providing general business support for a portfolio of properties. They will work closely with other members of the Accounting team as well as Asset Management, Property Management and our JV partners.
Responsibilities:- Involvement (both preparing and reviewing) with all accounting and reporting functions for assigned portfolios under management including reporting results internally and externally to lenders and investor partners
- Provide day-to-day supervision, guidance, and technical support to Property Accountants and Senior Property Accountants
- Assist with employee training, development, review work product, provide constructive feedback, and help ensure appropriate accountability within the team
- Manage and monitor cash flow and forecasting
- Beginning-to-end preparation and review of monthly Income Tax Basis and GAAP financial statements with analysis of actual to budget variances
- Collaborate with Asset Management and Property Management to research and resolve accounting, operational, and reporting matters
- Collaborate with outside auditors to complete annual audits and tax returns
- Operating account, mortgage and escrow reconciliations on assigned properties
- Assist in acquisitions and dispositions of properties/portfolios
- Responsible for lender debt compliance including DSCR and debt yield calculations
- Participate in the preparation, review, and re-forecast of annual budgets
- Identify opportunities to improve accounting processes, reporting quality, efficiency, consistency, and documentation
- Ensure compliance with company accounting policies, reporting standards, partnership agreements, loan documents, and other applicable requirements
- Special projects as required: due diligence on acquisitions, property set-up on acquisitions, new property software programs, etc.
Soft Skills/Behaviors:- Excellent oral and written communication skills to successfully engage with other departments to gather required information
- Organized and reliable with strong analytical skills and attention to detail
- Demonstrates leadership, accountability, and sound professional judgment
- Strong interpersonal and communication skills
- Works effectively across departments to obtain information and resolve outstanding matters.
- A "can-do" attitude and a desire to learn
- Thrives in a fast-paced environment with the ability to prioritize, multi-task and manage tight deadlines
- Aptitude to learn new systems quickly
- High attention to detail
Technical Skills:- Bachelor's degree in Accounting
- 5+ years of accounting experience with a minimum of 4 Years of property management experience; some public accounting experience is preferred
- Strong understanding of general ledger accounting, accrual accounting, account reconciliations, cash management, and financial statement analysis.
- Have at least one year experience in a senior accountant/supervisory role
- Experience with MRI, Yardi Nexus, Excel or similar real estate accounting and reporting systems.
- Income Tax basis and GAAP basis experience is preferred
The expected salary range for this position is between $115,000 and $130,000. The actual compensation will be based on factors such as scope and responsibilities of the position, candidate's work experience, education/training, job-related skills, internal peer equity, market and business considerations and other factors permitted by law.
