Senior Manager, Real Estate Accounting

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Job description

Job Description

Oversee the day-to-day operations of the accounting department, ensuring accurate and timely recording of financial transactions for all properties in our portfolio.

Read and interpret complex lease agreements to determine tenant chargebacks and make judgement calls on accounting treatment in discussions with tenants.

Manage a team of accounting professionals, providing guidance, training, and support to ensure high performance and productivity.

Ensure clear customer service to Property Management, Real Estate Development, Corporate Accounting, Tax, Treasury, and other departments, acting as a liaison and providing financial insights to meet their needs.

Manage weekly payment runs ensuring appropriate items are selected for payment and sufficient cash is available in bank accounts not linked to the corporate ZBA account.

Develop and maintain accounting policies and procedures in accordance with industry standards and regulatory requirements.

Manage quarterly and annual cash forecasts, ensuring accurate and timely projections to support financial planning and decision-marking.

Drive the completion and review of monthly, quarterly, and annual financial reporting packages.

Coordinate with property managers, asset managers, and other stakeholders to ensure accurate and timely reporting of property financial results.

Oversee the preparation of CAM budgets, tracking of actual CAM against the budgets communicated to tenants, and lead the annual CAM reconciliation process.

Conduct comprehensive reviews and in-depth analysis of accounting transactions, financial statements, and management reports across diverse organizations, ensuring accuracy, completeness, and proper financial statement classification of transactions.

Manage the preparation of transaction flow documents for 1031 exchanges, intercompany settlements, and intercompany distributions and contributions.

Manage the preparation of lender reporting packages, ensuring all are delivered on time and in full compliance with loan covenants and requirements.

Manage the preparation of annual budgets and forecasts, collaborating with cross-functional teams to develop realistic financial goals.

Identify opportunities for strategic projects and lead process improvement initiatives to enhance efficiency and effectiveness within the department.

Identify and lead process improvement initiatives to enhance efficiency and effectiveness within the department.

Drive completion of tax deliverables such as quarterly estimated income taxes, tax packages, and sales/use tax filings, in coordination with the Corporate Tax Department.

Provide oversight and training to the accounting team, ensuring clear management of daily tasks and long-term development of staff.

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