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Lead Property Financial Analyst
2 months ago
A prestigious commercial real estate firm is in search of a Lead Property Financial Analyst to enhance their team.
Reporting directly to the Director of Property Financial Management, this role will concentrate on developing comprehensive monthly financial reports, aiding in forecasting and budgeting processes, and contributing to the preparation of financial reporting schedules.
This position is ideal for a seasoned Property Financial Analyst with a robust background in commercial real estate finance.
The role requires full-time presence in a collaborative office environment, so candidates should be local to the surrounding area.
Key Responsibilities- Assume complete responsibility for the financial ledgers and reporting of a portfolio of properties.
- Collaborate closely with various departments including Asset Management, Property Management, Fund Accounting, Compliance, and Corporate Finance.
- Oversee daily cash management tasks, which encompass accounts payable and receivable functions, vendor payments, expense reimbursements, monthly bank reconciliations, and wire transfers.
- Manage and evaluate property reconciliations and associated reports for monthly, quarterly, and annual closing processes.
- Assist in the preparation of monthly loan draws, which may involve gathering relevant invoices, lien waivers, updating draw schedules, and ensuring timely funding.
- Support the development of budgets and cash flow forecasts, along with conducting variance analysis.- Coordinate and review Common Area Maintenance (CAM) reconciliations annually for active properties and prior to any sales.
Qualifications
- Bachelor’s degree in Accounting, Finance, or a related discipline.
- A minimum of 2 years of experience in Property Accounting, ideally within a commercial real estate context.
- Proficient Excel skills and familiarity with Yardi software is advantageous.
- Strong communication abilities and a preference for working in a team-oriented environment.
This is a remarkable opportunity for an experienced Property Financial Analyst seeking a new challenge with a leading firm in the commercial real estate sector. The position offers competitive benefits and significant opportunities for professional advancement while collaborating with a distinguished management team in a modern office setting.