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Responsible for all accounting functions and consolidations
in accordance with historical cost and fair market value accounting principles.
Essential Duties & Responsibilities include the following.
Other duties may be assigned.
General Responsibilities:
• Ensure all work products are accurate, timely and complete.
• Ensure general ledgers are maintained in conformity with the company's policies
and procedures.
• Ensure compliance with company established internal controls.
• May perform certain cash management functions.
• May participate in Asset Team meetings and/or projects.
• May perform the duties of an Accounting Manager or Portfolio Controller in
his or her absence.
Monthly Responsibilities:
• May prepare or review and approve bank reconciliations.
• Review Cash and Accrual Trial Balances to ensure that all transactions are
properly recorded on both sets of books and that all activity is properly classified.
• Review Rollup to ensure that all general ledger activity consolidates properly.
• May prepare or review cash basis MAPs and forecasts.
Quarterly Responsibilities:
• May prepare or review general ledger account reconciliations and related schedules.
• May prepare or review consolidated and consolidating financial statements in
accordance with historical cost and fair market value accounting principles,
as applicable.
• May prepare or review loan compliance reporting (may be a monthly responsibility
in some cases).
• May review the property financial statements and related supporting documents
to ensure that the financial statements are correct and in conformity with GAAP
(on some properties this may be a monthly responsibility).
• Complete REIT compliance tests and preparation of semi-annual dividend payments,
if applicable.
Annual Responsibilities:
• Create and monitor Fund level budgets to facilitate Fund liquidity planning
within designated timeframes, if applicable.
• Prepare audit packages and financial statements in compliance with GAAP and
Fair Market Value, as applicable, and with accuracy and completeness, ensuring
a minimal number of audit adjustments.
• Provide guidance to the Property Accountants in the preparation of the property
level audit packages and financial statements.
• Review the property level audit package information and schedules for completeness
and accuracy to ensure a minimal number of audit adjustments.
• Assist or participate in certain aspects of the annual property budget preparation
process.
Other Responsibilities:
• Read and understand the governing documents for assigned entities, including
but not limited to, operating agreements, management agreements, loan documents,
and purchase and sale agreements.
• Ensure that accounting activities comply with all applicable laws and regulations,
corporate policies and guidelines, accepted accounting standards and the governing
agreements.
• Assist in developing and maintaining the Finance and Accounting Policies and
Procedures Manual.
• Actively participate in any departmental training and education programs. Seek
out opportunities to contribute to the success of the program by identifying
areas where training is needed and assisting in developing appropriate training
programs.
• Accurately complete or supervise the completion of accounting for acquisitions,
dispositions and major transactions as they occur. Ensure that the recording
of major transactions is completed within 30 days of close and the transaction
audits are completed within the quarter of occurrence.
• Perform thorough research of accounting issues to ensure transactions are recorded
in conformity with GAAP.
• Prepare the subsequent settlement reconciliation of major transactions as appropriate.
• Promptly respond to requests for information from other departments within
the company and follow through to ensure resolution.
• Participate in or lead special projects as opportunities arise. Take ownership
of project or assigned deliverables and follow through to completion within established
timeframes.
• Maintain regular contact and build solid working relationships with Asset Teams
and Accounting Managers within assigned portfolio to ensure high level of customer
service as measured by manager observation and feedback from principal customers.
• Promptly implement action plans to address any identified customer service
issues.
• Reach out to peers to identify solutions to issues.
• Complete well thought out and well documented self-review within designated
timeframes.
• Bring issues and concerns to manager's attention on a timely basis.
• Provide accurate, timely and useful information to measure progress in achieving
company, business group and property goals.
• Assume "ownership" of the accounting process.
• Deliver accurate, complete and timely monthly, quarterly and annual reporting
to the Portfolio Controllers.
• Ensure that a proper accrual basis close occurs on a monthly basis that is
timely and technically correct. Minimize workload during the close by ensuring
accrual-related tasks are completed throughout the month, if possible.
• May act as the direct lead with outside auditors for assigned entities and
monitor the audit package from preparation through report issuance to ensure
an accurate, timely and complete final product. Effectively control timely delivery
and quality of product to prevent additional audit billings.
• Demonstrate technical expertise by staying abreast of current technical accounting
pronouncements. Take initiative in staying up to date by reading technical literature
and attending training as appropriate.
• Analyze new or changing circumstances at the earliest opportunity to identify
accounting impact. Appropriately communicate impact in a timely manner, makes
recommendations, and follows through to be certain that identified issues are
brought to closure on a timely basis.
• Demonstrate an understanding of system capabilities and limitations and proficiency
in its use.
Implement new processes and procedures accurately, on a timely basis, and with
minimal supervision.
• Makes a significant contribution to the success of any meetings or conferences
by active participation in the planning process and by actively participating
in the meeting or conference.
• Serves as a resource for other department members in areas of his or her expertise.
Supervisory Responsibilities:
• May direct the work of Portfolio Accounting Managers and/or Property Accountants
with respect to a special project or transaction. May also supervise if performing
the duties of a Portfolio Controller or Portfolio Accounting Manager in his or
her absence.
Requirements:
Essential Skills & Qualifications:
• Thorough working knowledge of issues, procedures and practices associated with
commercial real estate and partnership accounting. Strong working knowledge of
REITs preferred, if applicable.
• Ability to accurately and completely apply consolidation accounting, including
application of FASB 141, FIN 45 and FIN 46 with minimal supervision.
• Demonstrated ability to manage multiple projects and priorities to conclusion.
• Ability to effectively resolve problems that balance multiple needs and interests.
• Ability to respond to changing and sometimes ambiguous situations.
• Demonstrates sound and accurate judgment.
Strong oral and written communication skills. Ability to read, to analyze, and
interpret complex documents.
• Ability to solve practical problems and deal with a variety of concrete variables
in situations where only limited standardization exists. •
Intermediate proficiency in Microsoft Word, Excel, and complex accounting software
programs.
• Ability to complete objectives and projects with broad managerial direction.
Work is generally reviewed at the time of completion.
Education/Experience:
• Bachelor's degree (B.A. or B.S.) in Accounting from a four-year college or
university, or equivalent combination of education and experience. Masters in
Business Administration (M.B.A.) or Masters in Accounting or Finance preferred.
• Minimum 2 years experience in managing staff of two or more employees.
• Minimum 5 - 7 years experience in accounting including experience with a national
accounting firm and/or real estate industry experience. Experience with performing
or reviewing consolidations is required.
Certificates, Licenses, Registrations:
• Certified Public Accountant (C.P.A.) designation required.
Physical Demands:
• The physical demands are representative of those that must be met by
an employee to successfully perform the essential functions of the job. Physical
demands include extended periods of sitting.
• Reasonable accommodations may be made to enable individuals with disabilities
to perform the essential functions.
Working Environment:
• Work environment characteristics are representative of those an employee encounters
while performing the essential functions of the job. Reasonable accommodations
may be made to enable individuals with disabilities to perform the essential
functions.
• The employee works primarily in a large office building.
• Travel requirements vary depending upon position location. Travel may be required
up to 20% of the time on the job.
Date Posted: 01/30/2006
