All Positions Middle Management

Senior Operations Accountant

Industry: Real Estate

Location: West Los Angeles

Compensation: To $85K – $90K + Bonus

Contact: Rob Matheny

Growing, publicly-traded $10B Real Estate company, focused on acquiring, developing and managing real estate assets in commercial markets, is currently seeking a Senior Operations Accountant.

Responsibilities include:

• Responsible for all property-level accounting functions for assigned portfolio.
• Responsible for the general ledgers for assigned properties, including monthly journal entries, income and expense accruals, expense recovery true-ups and adjustments.
• Prepare monthly and quarterly reporting packages on assigned properties. The packages include analysis and supporting schedules of balance sheet accounts and explanation of significant variances in income statement accounts.
• Prepare quarterly balance sheet variance explanations.
• Prepare specified Special Purpose Entity financial statements and analysis for financial reporting and debt covenant compliance.
• Assist with the annual budget and monthly/quarterly forecast process. Participate and provide input in budget review meetings.
• Prepare monthly CAM true up accruals, and preliminary and annual CAM Reconciliations for designated properties within the Company’s portfolio.
• Participate and provide input in monthly variance meetings and be able to explain the cause and nature of all variances.
• Assist with due diligence for acquisitions and the preparation of pro-rations for dispositions.
• Monitor accounts receivables closely to ensure timely payment of all monies due.
• Review financial reports from vendors and discuss with Asset Management on a monthly basis.
• Review lease abstracts to ensure straight-line rent is calculated correctly.

Requirements include:

• 5+ years’ real estate accounting experience needed, preferably with a minimum of 1,000,000 square feet of office, mixed use or retail portfolios.
• Experience in preparing property level financial statements, operating budgets, CAM reconciliations, financial reports, straight line rent calculations, monthly variance reports, A/P & A/R is preferred.
• Must be proficient with Microsoft Office.
• Property management accounting software experience is preferred.
• Must be self-directed, motivated and logical in problem solving; well organized with attention to detail; follow through with assignments; possess strong analytical skills; and be able to communicate effectively with coworkers both verbally and through written communications.

Prior REIT experience and a CPA license is preferred for this role.

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