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Senior Accountant in Culver City at Vaco

Date Posted: 5/11/2018

Job Snapshot

  • Employee Type:
    Full-Time
  • Location:
    Culver City
  • Job Type:
    Real Estate
  • Experience:
    3 to 10 years
  • Date Posted:
    5/11/2018
  • Job ID:
    Real Estate

Job Description

Essential Duties and Responsibilities:

All areas of responsibility listed below are essential to the satisfactory performance of this position by any/all incumbents, with reasonable accommodation, if necessary. Any non-essential functions are assumed to be other related duties.

  • Compile and analyze financial information to ensure timely and accurate financial statements. This would include the preparation of journal entries to accounts (both recurring and non-recurring), and account reconciliations (i.e. cash, A/P, and A/R) on a monthly basis, documenting business transactions.
  • Distribute expenditures, encumbrances, receipts, and receivables according to schedules.
  • Review, investigate, and correct errors and inconsistencies in financial entries, documents, and reports.
  • Analyze financial information detailing assets, liabilities, and capital, and prepares balance sheet, profit and loss statement, and other reports to summarize and interpret current and projected company financial position for other managers.
  • Prepare financial packages and variance analyses on a quarterly basis.
  • Monitor compliance with generally accepted accounting principles and company procedures.
  • Assist with the compiling of financial information for internal and external disclosures, including the following items on a quarterly basis: BOD packages which are required for regularly scheduled Audit Committee meetings, footnote disclosures for quarterly reviews (Form 10-Q) and annual reports (Form 10-K).
  • Oversee various cash management functions, including reconciling activity per the GL and bank on a monthly basis. This function applies to the OP account and all REIT property accounts which are held at different financial institutions. Reconciling activity per the GL and bank statements associated with cash reserves which are primarily held for purposes of fulfilling tenant improvement requests. Determine proper handling of financial transactions and approves transactions within designated limits.
  • Record and reconcile equity activities for the REIT and report to management on a monthly basis.
  • Assist in preparing the review of the purchase price allocation analysis prepared by our consultants for new acquisitions. Also, review the lease set up for new or amended leases to ensure the proper accounting under GAAP.
  • Assist external auditors during quarterly reviews and year-end audits by providing support for questions and requests.
  • Prepare straight-line rent amortization schedules;
  • Perform FAS 13 analyses for new leases;
  • Prepare property tax accruals;
  • Analyze CAM reconciliations for completeness of expense recoveries, and;
  • Monthly review of property-level reporting packages.

The ideal candidate will have the following qualifications and experience:

  • Minimum three years of accounting or finance experience. Strong General Accounting skills and GAAP knowledge.
  • Bachelor's Degree in Accounting or Finance from four-year college or university; or equivalent combination of education and experience.
  • Basic knowledge of the financial services and real estate industry is preferred.
  • General knowledge of various accounting software. Proficiency in all MS Office applications, including advanced knowledge of Excel.
  • Strong ability to prioritize workload and perform multiple tasks under closing deadlines
  • Ability to efficiently and accurately exchange information with other team members and all levels of management throughout the organization.
  • Demonstrates accuracy and thoroughness; looks for ways to improve and promote quality and monitors own work to ensure quality.
  • Exhibits sound and accurate judgment; includes appropriate people in decision-making process and makes timely decisions.