Senior Commercial Property Accountant in Boston, MA at Vaco

Date Posted: 9/6/2022

Job Snapshot

  • Employee Type:
    Full-Time
  • Location:
    Boston, MA
  • Job Type:
  • Experience:
    Not Specified
  • Date Posted:
    9/6/2022
  • Job ID:
    SENIO16817

Job Description

Vaco Boston has partnered with our client to help fill a Property Accountant role.

Responsibilities:

  • Review quarterly Audit Binder for Assistant Property Accountant and assist Accounting Manager/Regional Controller in the review of Property Accountant Audit Binder.
  • Assist Accounting Manager/Regional Controller in the preparation of materials for the annual business plan meeting.
  • Responsible for Fixed Asset and Recurring Billing review for assigned portfolio.
  • At the direction of Regional Controller/Accounting Manager, assist in the implementation and analysis of complex transactions for the region (acquisitions, dispositions, complex leases, debt transactions, etc.).
  • Provide direction, motivation and training to Assistant Property Accountants including involvement in hiring process and annual reviews.
  • Review tenant operating and real estate tax escalations monthly payment and annual true-up for Assistant Property Accountant and assist Accounting Manager review as needed.
  • Responsible for all financial matters related to Closing the Books process each quarter.
  • Analyze quarterly Audit Binder in accordance with GAAP including all supporting schedules as required.
  • Directly responsible for the accuracy and completeness of their general ledgers.
  • Present formal revenue and expense variance explanations via VET tool on a quarterly basis in conjunction with property management.
  • Analyze and prepare tenant operating and real estate tax escalations for assigned properties' monthly payment and annual true-up.
  • Manage, analyze and interpret tenant leases.
  • Review recurring billings for the tenants in their portfolio and ensure they are billed correctly for charges per their lease.
  • If applicable, for lender and/or third party requirements perform analysis and develop financial reports and related schedules.
  • Serve as a resource and assist with preparation of portfolio annual budgets and quarterly re-forecasts.
  • Responsible for understanding all legal documents related to assigned properties. For example, Management agreements, development agreements, joint venture agreements, mortgage documents, etc.
  • Provide Accounting Manager / Regional Controller with support as needed.

Requirements and Qualifications:

  • BA/BS degree in Business Administration or Accounting required.
  • A minimum of 4-7 years of accounting experience required. Previous accounting experience in commercial real estate industry required.
  • Demonstrates a comprehensive understanding of property operations using knowledge and experience.
  • Exemplifies proven leadership skills by showing initiative, serving as a role model, demonstrating accountability and a shared sense of commitment to the organization.
  • Solid computer skills with proficiency in MS Excel required.
  • Proven organizational skills with ability to set priorities. Manage multiple projects and meet deadlines.
  • Self-starter capable of finding solutions with minimal supervision.
  • Ability to interact with co-workers, tenants or vendors in an articulate, courteous and business-like manner at all times.
  • Ability to work under pressure.
  • Ability to work independently, as well as part of a team.
  • Adaptability to changing demands.