Financial Analyst
2 weeks ago
The Financial Analyst is responsible for comprehensive financial and accounting assessments and acts as the primary accounting authority for various properties. This role entails managing general ledger accounting, financial reporting, and budgeting processes.
Key Responsibilities:
- Assume full accountability for accounting and financial reporting tasks for designated properties.
- Understand and analyze information from other departments, evaluating its economic and financial reporting implications.
- Oversee GAAP compliance for properties, including reconciling general ledger accounts and addressing inquiries from other departments.
- Conduct detailed analyses of factors influencing net operating income and profitability.
- Prepare partner distribution analyses concerning expected cash flows and current financial status.
- Execute month-end accruals and general journal entries.
- Generate monthly financial statements along with a comprehensive electronic working paper package that includes quarterly variance comments and serves as an audit trail.
- Prepare actual versus budget/prior year analyses with variance explanations for property reports.
- Collaborate effectively with Property Managers to develop variance explanations.
- Prepare quarterly projections and budgets for assigned properties.
- Manage and ensure timely payments for debt service, ground leases, real estate taxes, and other special payments.
- Analyze and reconcile related general ledger accounts on a monthly basis.
- Serve as the primary contact for Accounts Payable and Property Mall Team regarding general ledger coding inquiries.
- Research agreements and ordinances to ensure accurate calculations.
- Participate in special projects as needed.
- Assist with year-end audits and tax return packages.
Qualifications:
- Bachelor's Degree in Accounting.
- 1 – 2 years of relevant experience.
- Strong understanding of accounting principles.
- Ability to identify and resolve issues through analysis of financial data.
- Proficiency in Excel and effective communication skills.
- Team-oriented with a commitment to performing essential job functions, with or without reasonable accommodation.
Why Work with Us:
At Macerich, we value our employees and strive to create a diverse and inclusive workplace. We offer competitive benefits, including a hybrid work schedule, annual paid time off, and opportunities for professional growth. Join us in shaping the future of retail real estate and enjoy a fulfilling career with a focus on community and collaboration.
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