Accounting Manager (Hybrid, 2-3 days in office)
A successful Private Real Estate Investment firm, located in Boston, is searching for a seasoned Accounting Manager to join their team! Reporting to the Vice President, this person will be responsible for working hand-in-hand with the company’s third party property teams who manage day-to-day accounting operations. They will also be working closely with other members of Accounting, Acquisitions, Asset Management, Tax and Finance Teams. If you’re interested, please keep reading!
Responsibilities:
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Review 3rd party property accounting for consistency, accuracy and proper accounting
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Rent rolls and lease maintenance
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Cash management including weekly check fundings
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Financial reports
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Annual budgets and quarterly budget re-projections
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Review and approval of operating and tax escalations
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Annual estimates
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Quarterly and annual reconciliations
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Cost pools, expense caps, exclusions, gross ups and base year calculations
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Manage Loan Compliance
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Prepare financial reporting on a consolidation or combined level, as required, including audited financial statements with footnotes (FV and Tax Basis)
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Cash management including capital calls and distributions
Qualifications:
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Bachelor’s Degree in Accounting/Business
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5+ years property accounting experience, with the majority in commercial real estate
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Must have at least 2 years of supervisory experience
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Experience with Funds and/or Joint Ventures
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Experience with fair value GAAP, tax accounting. IFRS a plus
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Experience with TRS (Taxable REIT Subsidiaries) a plus
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Proficient with tenant recoveries (CAM)
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Experience in yea-end audit including preparation of financial statements and footnotes
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Experience with loan compliance including loan-draw and escrow-draw packages, covenant calculations
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Must be willing to work on a hybrid schedule (2-3 days in office)
This is a full-time opportunity that is offering 100-130K base, depending on experience, plus bonus potential and great benefits. If you’re interested in the Accounting Manager position, please submit your resume to Hali Siegel at Hsiegel@daleyaa.com.
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