Qureos Mentor

Xceedance

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 About the Opportunity:
 
 
 
 
 
 
 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.
 
 
 
 
 
 
 What you&rsquo;ll be do:
 
 
 
 
 
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 Responsible for overall property level accounting including:
 
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 Work closely and oversee 3rd Party Property Teams
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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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 tax basis amortization and depreciation calculations
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 Provide support to 3rd party MRI users
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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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 Mortgage payments
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 Lender reporting including debt service coverage ratio calculations
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 Loan and escrow draw
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 Prepare unaudited financial reports as required by the ownership of the property
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 Provide comprehensive audit support
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 Prepare audited financial statements with footnotes (FV and Tax basis), as required
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 Work with Beacon construction professionals to provide accounting for development projects
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 Prepare ad-hoc financial analysis and reporting as needed
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 Joint Venture Accounting
 
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 Review and comply with operating agreements
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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
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 Calculate and process management fees
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 Calculate income allocations including waterfalls, as required
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 Acquisitions
 
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 Work with Acquisitions team to review diligence materials
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 Review settlement statements including, prorations and buyer/seller credits
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 Review estoppels
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 Record opening entries
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 Monitor all post closing activity for true up with Seller
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 Onboard properties and train 3rd party teams on financial standards and reporting
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 Dispositions
 
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 Work with Disposition team to respond to Buyer diligence requests
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 Prepare prorations
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 Work with 3rd party teams to prepare estoppels
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 Prepare and record closing entries including gain/loss calculation
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 Monitor all post-closing activity for true up with Buyer
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 Other duties and special projects as assigned
 
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 Skill &amp; Experience:
 
 
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 5-8 years property accounting experience,
 
 with the majority in commercial real estate
 
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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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 Understanding of waterfall calculations
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 Experience in year-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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 Ability to work independently and communicate effectively
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 Ability to work in a fast-paced environment
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 Detail oriented and ability to multitask and prioritize
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 Proficiency with financial software systems applications and proficiency with Microsoft Windows software programs, MRI experience a plus
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Real Estate Manager

Join Xceedance and explore 1   exciting career opportunities. They're hiring for various roles with options for remote or on-site work. Apply today and become part of their innovative team.

Xceedance

ABOUT_COMPANY

Real Estate Manager