Accounting Manager - Atrium
Boston, MA
About the Job
Our client is an established real estate company. They are currently looking to hire an experienced Accounting Manager. This is an exciting opportunity for an Accounting Manager to join a reputable company!
Salary/Hourly Rate:
$125k – $135k
Position Overview:
The Accounting Manager will be responsible for a portfolio of commercial properties. The Accounting Manager will work directly with the 3rd-party Property teams. The ideal candidate for this Accounting Manager opportunity will have at least 5 years of property accounting experience with a focus on commercial real estate.
Responsibilities of the Accounting Manager:
- Oversee property-level accounting and collaborate with third-party Property teams.
- Ensure accuracy and consistency in third-party property accounting.
- Manage rent rolls, lease maintenance, and financial reporting.
- Handle cash management, including weekly check funding.
- Prepare annual budgets, quarterly re-projections, and tax basis amortization and depreciation.
- Provide support to third-party MRI users.
- Review and approve operating and tax escalations, annual estimates, and reconciliations.
- Manage cost pools, expense caps, exclusions, gross-ups, and base year calculations.
- Ensure loan compliance, manage mortgage payments, and calculate debt service coverage ratios.
- Prepare unaudited and audited financial reports (FV and Tax Basis) for property ownership.
- Support audit process and provide comprehensive audit support.
- Assist with accounting for development projects alongside construction professionals.
- Prepare ad-hoc financial analyses and reports as needed.
- Manage joint venture accounting and financial reporting, including consolidation and audited financial statements.
- Handle cash management for capital calls and distributions.
- Calculate management fees and income allocations (waterfalls).
- Assist the Acquisitions team with due diligence, reviewing settlement statements, prorations, and buyer/seller credits.
- Review estoppels and record opening entries.
- Monitor post-closing activity for true-up with the seller.
- Onboard properties and train third-party teams on the company’s financial standards and reporting.
- Work with the Dispositions team on buyer diligence, preparing prorations and estoppels.
- Prepare and record closing entries, including gain/loss calculations.
- Monitor post-closing activity for true-up with the buyer.
Qualifications for the Accounting Manager:
- 5+ years of property accounting experience with a focus on commercial real estate.
- Supervisory experience is a plus.
- Familiarity with tenant recoveries (CAM).
- Strong understanding of waterfall calculations.
- Experienced with year-end audits.
- Experienced with loan compliance.
- Proficient in financial software systems applications.
Education Requirements:
- Bachelor’s degree in Accounting or Business is required.
Benefits:
- Client-provided benefits available, upon eligibility.
As a woman-owned firm, we value diversity. We are an equal opportunity and affirmative action employer and will consider all applications without regard to race, sex (including gender, pregnancy, sexual orientation and gender identity), age, color, religion or creed, national origin or ancestry, veteran status, disability (physical or mental), genetic information, citizenship or any other characteristic protected by law. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Candidates who apply for roles through the Atrium website will be added to our candidate pool and may be considered for additional roles of a similar title. Please contact us to request an accommodation.
EOE/M/F/D/V/SO
Position ID: 152339
Source : Atrium
