Senior Manager, Real Estate Accounting Professional
7 days ago
We are seeking a highly experienced and forward-thinking Senior Manager to lead our Real Estate Accounting team at The Wonderful Company. This role involves close collaboration with property managers, asset managers, and various stakeholders to deliver financial results and drive continuous improvement in the organization.
This position provides an excellent opportunity for growth as a key member of our collaborative and experienced accounting team. The ideal candidate must be well-versed in transactional and technical accounting, enjoy working in an entrepreneurial, fast-paced, complex environment, and be excited for many growth opportunities.
Job Description- Oversight of day-to-day operations ensures accurate and timely recording of financial transactions for all properties in our portfolio.
- Complex lease agreements are thoroughly reviewed to determine tenant chargebacks and make judgement calls on accounting treatment in discussions with tenants.
- A team of accounting professionals is managed, providing guidance, training, and support to ensure high performance and productivity.
- Clear customer service is provided to Property Management, Real Estate Development, Corporate Accounting, Tax, Treasury, and other departments, acting as a liaison and providing financial insights to meet their needs.
- Weekly payment runs are managed ensuring appropriate items are selected for payment and sufficient cash is available in bank accounts not linked to the corporate ZBA account.
- Accounting policies and procedures are developed and maintained in accordance with industry standards and regulatory requirements.
- Quarterly and annual cash forecasts are managed ensuring accurate and timely projections to support financial planning and decision-making.
- The completion and review of monthly, quarterly, and annual financial reporting packages are driven.
- Collaboration with property managers, asset managers, and other stakeholders ensures accurate and timely reporting of property financial results.
- The preparation of CAM budgets, tracking of actual CAM against the budgets communicated to tenants, and the annual CAM reconciliation process are overseen.
- Comprehensive reviews and in-depth analysis of accounting transactions, financial statements, and management reports across diverse organizations are conducted ensuring accuracy, completeness, and proper financial statement classification of transactions.
- The preparation of transaction flow documents for 1031 exchanges, intercompany settlements, and intercompany distributions and contributions are managed.
- Lender reporting packages are prepared ensuring all are delivered on time and in full compliance with loan covenants and requirements.
- Annual budgets and forecasts are managed collaborating with cross-functional teams to develop realistic financial goals.
- Opportunities for strategic projects and process improvement initiatives are identified and led to enhance efficiency and effectiveness within the department.
- Tax deliverables such as quarterly estimated income taxes, tax packages, and sales/use tax filings are managed in coordination with the Corporate Tax Department.
- Oversight and training to the accounting team is provided ensuring clear management of daily tasks and long-term development of staff.
Pay Range: $155,000 - $175,000 annually and may include a discretionary bonus. Final compensation will be dependent upon skills & experience.
Benefits- Thriving Wellness Community: Access to top-notch medical coverage, comprehensive vision and dental plans, and a 401k with match eligibility to secure your financial future.
- Career Advancement Opportunities: Unlock your potential with clear paths for career progression and internal mobility across our diverse family of brands and business units.
- Focused Learning and Development: Grow as a leader with our dedicated Learning and Organizational Development department offering extensive resources like People Manager and leadership training, webinars, and eLearning courses.
- Empowering Mentorship Program: Connect with colleagues through our company-wide mentorship program to share goals, overcome challenges, and drive your career forward.
- Continuous Improvement Training: Participate in training that empowers all employees to learn and implement concepts that drive significant, positive change in the workplace.
- Giving Back to the Community: Make a difference with Wonderful Giving allowing you to allocate company-provided funds to up to three charities of your choice, and join Wonderful Neighbor to contribute to group service projects within our local communities.
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