Lead Property Accountant

2 weeks ago

Oklahoma City, Oklahoma, United States WS Development Full time
Position Overview

At WS Development, we foster a collaborative and entrepreneurial atmosphere where our team members are empowered to influence the decision-making, planning, processes, and culture of our organization.

As a vertically integrated firm, we specialize in the development, construction, ownership, and management of exceptional spaces that attract people.

Our Accounting team is expanding, and we are seeking a Lead Property Accountant. This role necessitates a high level of collaboration, both within the team and across various departments.

The Lead Property Accountant will closely interact with Lease Compliance, Construction, Development, Property Management, Finance, Leasing, Legal, and Tenant Coordination teams. Building strong relationships, along with a robust work ethic, will be essential for success.

Key Responsibilities

The Lead Property Accountant will manage a portfolio of properties, including a more complex staffed property that will undergo review by a Manager, while also handling less complicated properties on a monthly or quarterly basis without Manager oversight.

This role entails the monthly preparation of financial statements, which include balance sheets, income statements, variance analyses, property/tenant statistics, and general ledger reconciliations.

The position will also involve working on upper and lower tier entities within a structure and conducting initial REIT testing, as applicable.

Additionally, the Lead Property Accountant will prepare cash distribution worksheets to assess the necessity of distributions to partners.

Annual budget preparation for properties and addressing year-end inquiries from external auditors will also be part of this role.

The Property Accountant will engage with tenants and internal clients, responding to inquiries regarding the assigned properties within the portfolio.

Expertise in maintaining both GAAP and Tax reporting for complex properties is required, along with a thorough understanding of tenant lease components and effective cash management for intricate properties.

The Lead Property Accountant will also be responsible for preparing Common Area Maintenance and Real Estate Tax tenant billings on a quarterly and/or monthly basis.

Moreover, this role includes managing Percentage Rent billings for properties and preparing tenant water billbacks on a quarterly and/or semi-annual basis for assigned properties.

Another key aspect of this position is reviewing the work of junior Property Accountants and providing training on properties that are typically smaller and less complex.

This role will also involve giving feedback on the performance of Associates under supervision and may include participation in annual reviews.

Keys to Success

We are in search of an individual who thrives in a team-oriented environment and can collaborate effectively across all organizational levels.

The ideal candidate will possess passion, a strong work ethic, and a desire to make a positive impact within a growing organization.

To excel in this role, the individual must be detail-oriented, highly organized, and able to prioritize critical deadlines while also grasping the broader perspective.

A Bachelor's degree in accounting is required, along with 3 to 5+ years of experience in general ledger and financial statement preparation in a comparable setting.

Familiarity with MRI, Avidxchange, and Anaplan is highly desirable, along with strong Excel skills.

The ideal candidate will demonstrate the ability to quickly learn and master various software tools.

About WS Development

WS Development, based in Massachusetts, is a mixed-use developer dedicated to creating spaces that people desire.

With a focus on art, science, innovation, and, most importantly, people, WS aims to engage each community it serves by providing best-in-class experiences tailored to our customers, tenants, and partners.

Founded in 1990, WS is one of the few vertically-integrated real estate companies that conceptualizes, owns, operates, and leases over 100 properties, ranging from innovative urban spaces to lifestyle and community centers.

With more than 22 million square feet of existing space and an additional nine million square feet under development, WS is among the largest privately-owned development firms in the nation.

At WS, we bring together great ideas and talented individuals to design, build, and manage some of the most beloved real estate projects in the country.

We operate at the intersection of entrepreneurship and established practices, supported by decades of infrastructure while nurturing a culture of innovative excellence.

We are committed to ensuring that every WS employee feels welcomed and valued, regardless of race, color, religion, gender, gender identity or expression, sexual orientation, national origin, disability, age, veteran status, marital status, parental status, cultural background, and life experiences.

Our commitment to diversity and inclusion is unwavering.

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