Accounting Manager

What you’ll be do:
Responsible for overall property level accounting including:
Work closely and oversee 3rd Party Property Teams
Review 3rd party property accounting for consistency, accuracy and proper accounting – Review of audit workpapers – Bank rec, AP/AR ageing, Fixed asset additions/deletions amort/Dep
rent rolls and lease maintenance – Agree to lease agreement
cash management including weekly check fundings
financial reports – Draft audited FS as per Tax & GAAP (Tax: Allowance for DD, Depreciation life differs, Legal Leasing costs – tax allows, interest rate cap)
annual budgets and quarterly budget re-projections -
tax basis amortization and depreciation calculations - Life
Provide support to 3rd party MRI users
Review and approval of operating and tax escalations -
annual estimates
quarterly and annual reconciliations
cost pools, expense caps, exclusions, gross ups and base year calculations
Manage Loan Compliance
Mortgage payments – Debt service recalculation
Lender reporting including debt service coverage ratio calculations – repayment/rent sweep/expense budget
Loan and escrow draws – RE Tax, TI/LC Reserve
Prepare unaudited financial reports as required by the ownership of the property
Provide comprehensive audit support
Prepare audited financial statements with footnotes (FV and Tax basis), as required
Work with Beacon construction professionals to provide accounting for development projects
Prepare ad-hoc financial analysis and reporting as needed – Flux analysis
Joint Venture Accounting
Review and comply with operating agreements
Prepare financial reporting on a consolidation or combined level, as required, including audited financial statements with footnotes (FV and Tax Basis)
Cash management including capital calls and distributions
Calculate and process management fees - % of Gross receipt
Calculate income allocations including waterfalls, as required
Acquisitions
Work with Acquisitions team to review diligence materials
Review settlement statements including, prorations and buyer/seller credits
Review estoppels
Record opening entries
Monitor all post-closing activity for true up with Seller
Onboard properties and train 3rd party teams on Beacon financial standards and reporting
Dispositions
Work with Disposition team to respond to Buyer diligence requests
Prepare prorations
Work with 3rd party teams to prepare estoppels
Prepare and record closing entries including gain/loss calculation
Monitor all post-closing activity for true up with Buyer
Skill & Experience:
5-8 years property accounting experience, with the majority in commercial real estate
Experience with Funds and/or Joint Ventures
Experience with fair value GAAP, tax accounting. IFRS a plus
Experience with TRS (Taxable REIT Subsidiaries) a plus
Proficient with tenant recoveries (CAM)
Understanding of waterfall calculations
Experience in year-end audit including preparation of financial statements and footnotes
Experience with loan compliance including loan-draw and escrow-draw packages, covenant calculations
Ability to work independently and communicate effectively
Ability to work in a fast-paced environment
Detail oriented and ability to multitask and prioritize
Proficiency with financial software systems applications and proficiency with Microsoft Windows software programs, MRI experience a plus

Work arrangement
No