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Property Accounting Manager
1 month ago
Property Accounting Manager (Hybrid after training period)
Overview:
The Property Accounting Manager will support the Accounting Department in all accounting functions, including but not limited to accounts payable, accounts receivable, general ledger, and general accounting. Additionally, the Accounting Manager will assist with the month-end close process and month-end reconciliations.
Responsibilities:
- Oversee daily operations, review, and train team members while handling accounting and financial reporting for a portfolio of assets.
- Assist in scheduling and reorganizing staffing loads as needed.
- Interview and evaluate prospective candidates for accountant and accounting assistant roles.
- Ensure accountants clear positive pay exceptions daily.
- Supervise assigned team members, providing training and guidance.
- Ensure adherence to WBPC and client policies and procedures.
- Review financial packages for thoroughness, timeliness, and accuracy.
- Review cash flows, distributions, and contribution requests.
- Ensure bank reconciliations are accurate and complete, and stale reconciling items are cleared.
- Ensure critical payments are processed timely and accurately by team members.
- Oversee responses to client requests and review questions.
- Prepare financial packages, including general ledger review, bank reconciliations, and balance sheet support schedules for assigned assets.
- Manage cash for assigned assets and coordinate distributions and/or contribution requests as required.
- Ensure timely payment of approved invoices, mortgages, real estate taxes, and other critical payments.
- Review and process management fee calculations for portfolios.
- Oversee Inter-Project Account (IPA) reimbursements to ensure timely payment.
- Coordinate and oversee the annual 1099 process.
- Serve as a resource to Business Managers and Regional Managers during budget season, including loading budget templates and answering questions.
- Ensure approved annual budgets are properly input into accounting systems.
- Complete and submit audit requests timely for the assigned team members portfolio.
- Review CAM escalations, real estate tax escalations, and other recovery calculations for mixed-use properties in the assigned or team-assigned portfolio.
Qualifications:
- Entrepreneurial-minded with a focus on building relationships with team members and customers.
- Bachelor's degree (BA/BS) from a four-year college or university.
- In lieu of a BA/BS degree, six or more years of related experience.
- Strong ability to write, comprehend, analyze, and interpret various types of business documents.
- Effective verbal and written response to complex inquiries or complaints.
- Ability to present information to an internal group of employees.
- Demonstrated ability to work well under pressure with a proactive approach to unusual occurrences.
- Excellent organizational skills, attention to detail, and openness to new ideas and procedures.
- Ability to analyze, plan, and distribute portfolio loads to ensure the teams success in meeting deliverables.
- Experience with MS Office software (Excel) and Real Estate accounting software (Yardi).