Accounting Manager, Commercial Property Management

2 weeks ago

Santa Monica, United States Douglas Emmett Full time
Job DescriptionJob Description

Douglas Emmett primarily invests in Class A, institutional grade, high-rise and mid-rise office buildings and apartment communities, in areas such as Beverly Hills, Century City, Santa Monica, West LA, Woodland Hills, Sherman Oaks, and Honolulu.

Accounting Manager

The ideal candidate should have bachelor’s degree in Accounting, with at least 4-6 years of accounting experience including review and/or preparation of financial statements. The candidate should be proficient in accounting software and Excel, and possess strong analytical skills. The candidate should be a self-starter and work well in a team environment. Prior real estate experience is preferred, but not a requirement. The candidate will be responsible for the accounting of a portfolio of properties and therefore needs good communication skills to work closely with and support operations management. The candidate will manage the monthly preparation of income statements, balance sheets and review materials for their assigned portfolio of properties.

JOB DESCRIPTION

1. Review and post recurring tenant billings

2. Review and post monthly close journal entries

3. Review tenant straight-line calculations and lease modifications

4. Review month end income statement for portfolios, including straight-line rent, expense accruals, prepaid expense amortization, fixed assets depreciation, and income statement variance explanations comparing to budget and prior periods

5. Prepare audit request support for internal and external auditors

6. Review and reconcile month end balance sheets for portfolios, including prepaid expenses, expense accruals, fixed assets, tenant receivables, prepaid income, security deposits, and straight-line receivables

7. Train and mentor their team

8. Various ad-hoc projects

SUPERVISORY RESPONSIBILITIES

· Manage an assigned team of one staff and one senior accountant

TECHNICAL PREREQUISITES

· Bachelor’s Degree in Accounting

· CPA (preferred, but not required)

· At least 4-6 years of experience in the field.

· MRI accounting software (preferred, but not required)

· Proficient in Microsoft Excel

· Prior experience in supervisor role

· Ability to develop creative solutions to issues

· Flexibility to respond to changing priorities

· Customer service mindset

· Multi-tasking capability

Company DescriptionDouglas Emmett operates approximately 18 million square feet of Class A office space and over 5,000 luxury apartment units in nine highly desirable submarkets in Los Angeles County, six of which are located in Los Angeles' Westside - Brentwood, Century City, Santa Monica, Beverly Hills, the Olympic Corridor, and Westwood - and three submarkets in the San Fernando Valley - Sherman Oaks/Encino, Warner Center/Woodland Hills, and Burbank. The Company's Honolulu office portfolio is located in the downtown central business district with multifamily properties in nearby suburban communities.

The Company utilizes the same focused business strategy that was implemented by its founding principals - managing, developing, redeveloping, and acquiring multifamily and commercial real estate in high barrier-to-entry submarkets that exhibit strong economic characteristics such as population and job growth, as well as inherent supply constraints, such as limited developable land due to natural and political barriers. The Company strives to capitalize on the experience of its seasoned management team to create continued value.Company DescriptionDouglas Emmett operates approximately 18 million square feet of Class A office space and over 5,000 luxury apartment units in nine highly desirable submarkets in Los Angeles County, six of which are located in Los Angeles' Westside - Brentwood, Century City, Santa Monica, Beverly Hills, the Olympic Corridor, and Westwood - and three submarkets in the San Fernando Valley - Sherman Oaks/Encino, Warner Center/Woodland Hills, and Burbank. The Company's Honolulu office portfolio is located in the downtown central business district with multifamily properties in nearby suburban communities.\r
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The Company utilizes the same focused business strategy that was implemented by its founding principals - managing, developing, redeveloping, and acquiring multifamily and commercial real estate in high barrier-to-entry submarkets that exhibit strong economic characteristics such as population and job growth, as well as inherent supply constraints, such as limited developable land due to natural and political barriers. The Company strives to capitalize on the experience of its seasoned management team to create continued value.

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