Senior Property Accounting Manager

2 weeks ago

Bethesda, Maryland, United States Federal Realty Investment Trust Full time

Company Overview
Federal Realty Investment Trust is a distinguished leader in the ownership, operation, development, and redevelopment of high-quality retail real estate across the nation’s premier markets. As an innovative and dynamic real estate organization, we manage a top-tier portfolio of community shopping centers and mixed-use properties. Our well-regarded investment and management team is dedicated to executing a blend of small and large-scale, value-added investments, making a career at Federal Realty both fulfilling and rewarding.

Position Overview
The Accounting Manager plays a pivotal role within a team that manages the financial accounting for properties owned by Federal Realty. Reporting directly to the Senior Director of Accounting, this position oversees a team primarily focused on property accounting for a designated portfolio.

Key Responsibilities
  • Lead a team of two Senior Accountants responsible for property accounting within a specified portfolio, providing essential accounting support to property operations and asset management teams.
  • Oversee the month-end closing process for a portfolio of properties, including the review and posting of general ledger journal entries, ensuring accuracy and proper classification of month-end accruals and reclassifications.
  • Manage various closing processes, including monthly expense and income accruals related to real estate tax recovery, Common Area Maintenance (CAM) recovery, tenant recovery, and parking.
  • Prepare and analyze variance reports on property financial statements, collaborating with the property operations group to ensure accurate financial reporting.
  • Assist in the integration of new property acquisitions, ensuring a smooth transition of tasks and accuracy in property accounting and reporting.
  • Supervise quarterly general ledger account reconciliations to guarantee timely and accurate completion.
  • Oversee sales and use tax filings, ensuring compliance with state and local regulations, including coordination of sales tax audits.
  • Ensure the timely and accurate distribution of quarterly partner distributions.
  • Conduct various analyses and prepare schedules to maintain the integrity of monthly and quarterly financial data.
  • Act as a liaison with auditors for the completion of financial statement audits and compliance with internal controls and Sarbanes-Oxley regulations.
  • Manage special projects and perform additional duties as assigned.
Qualifications
  • Bachelor's degree in Accounting or Finance is required.
  • CPA certification is mandatory.
  • A minimum of 6 years of experience in commercial property accounting, with knowledge of retail properties being advantageous.
  • 2-3 years of management experience is essential.
  • Exceptional attention to detail and strong organizational skills.
  • Advanced proficiency in Microsoft Excel.
  • Demonstrated analytical and problem-solving capabilities.
  • Ability to manage multiple projects and competing priorities while maintaining accuracy and quality.
  • Excellent verbal and written communication skills.
  • Self-motivated, detail-oriented team player capable of thriving in a fast-paced, deadline-driven environment.
  • Strong relationship-building skills, proactive, results-oriented, and resourceful.
  • Proven ability to deliver outstanding customer service at all organizational levels.

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