All Positions Senior Management

Director, Operations Accounting

Industry: Real Estate

Location: West Los Angeles

Compensation: $155K – $170K + Discretionary Bonus + Benefits.

Contact: Rob Matheny

Large publicly traded Real Estate company located in West LA is looking for a Director of Operations Accounting for a newly-created position.

Responsibilities include:

• Responsible for the accounting and financial reporting for an office portfolio consisting of approximately 7 million square feet.
• Provide leadership and training to direct reports.
• Work closely with Asset Management to build a collaborative working relationship, identify and provide value- added information necessary to manage portfolio assets. Become Asset Management’s “go to” person.
• Assist Accounting Senior Management and Asset Management with special projects and ad hoc requests such as leasing deal analysis, property tax analysis, new business tax analysis, and process improvement assessments, recommendations and implementation.
• Responsible for the day-to-day management of direct reports which includes: review of month-end consolidated portfolio level variance analysis, consolidated straight line rent variance analysis, lease interpretation and review, review of CAM calculations for forecasts, budgets, and annual reconciliations, and other property level accounting functions.
• High level review and approval of monthly and quarterly reporting packages including analysis, supporting schedules of balance sheet accounts and explanation of significant variances in income statement accounts.
• High level review and approval of quarterly consolidated balance sheet flux variance analysis.
• Oversee strategic planning for tenant CAM audit process.
• High level review of the annual budget and monthly forecast for areas of responsibility for portfolio. Participate and provide input in budget review meetings when applicable.
• High level review and approval of monthly and annual CAM reconciliations. Ensure completion within timeline established by Senior Management.
• Review and provide quarterly analysis to support the issuance of the Company’s form 10-Q, 10-K and supplemental financial reports.
• Review specified Special Purpose Entity financial statements and analysis for financial reporting and/or debt covenant compliance.
• Participate and provide input in monthly Asset Management budget variance meetings and be able to explain the cause and nature of variances if required.
• Review due diligence for acquisitions and pro-rations for dispositions.

Requirements include:

• 7+ years of real estate operations accounting experience managing or directing a minimum of 4 million square feet of office, mixed use or retail portfolios.
• Strong accounting skills with in-depth knowledge of US GAAP and real estate accounting.
• Strong leadership and supervisory skills; ability to mentor staff for future growth and provide results under tight deadlines.
• Strong communication skills and the ability to develop relationships with Senior Management including Asset Management, Leasing, Investments and Tax.
• Must be self-directed, motivated, possess strong analytical and problem-solving skills, and focused on continuous improvement.
• Prior experience in preparing property level financial statements, operating budgets, CAM reconciliations (FSG & NNN), financial reports, straight line rent calculations, monthly variance reports, A/P & A/R.
• Proficient with Microsoft Office and property management accounting software including Yardi.
• REIT experience is preferred for this role.

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