Posted By
Posted in
Banking & Finance
Job Code
1171797
Accounting Managers are responsible for a portfolio of commercial properties, owned by various Funds and Joint Ventures, and meeting lender, tax, and investor requirements. Accounting Managers work hand-in-hand with 3rd party property teams who manage day-to-day accounting operations using accounting platform (MRI). Accounting Managers work closely with other members of Accounting, and also with the Acquisitions, Asset Management, Tax, and Finance teams.
Responsible for overall property level accounting including:
- Work closely and oversee 3rd Party Property Teams
- Review 3rd party property accounting for consistency, accuracy and proper accounting
- Manage Loan Compliance
- Mortgage payments
- Joint Venture Accounting
- Review and comply with operating agreements
- Prepare financial reporting on a consolidation or combined level, as required, including
Acquisitions
- Work with Acquisitions team to review diligence materials
- Review settlement statements including, prorations and buyer/seller credits
Dispositions
- Work with Disposition team to respond to Buyer diligence requests
- Prepare prorations
Requirement:
- Experience with Funds and/or Joint Ventures
- Experience with fair value GAAP, tax accounting. IFRS a plus
- Experience with TRS (Taxable REIT Subsidiaries) a plus
- Proficient with tenant recoveries (CAM)
- Understanding of waterfall calculations
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Posted By
Posted in
Banking & Finance
Job Code
1171797