Job Description:

Summary

We are seeking a Property Accounting Manager based in our headquarters in Philadelphia, PA to oversee the supervision and coordination of all related property accounting activities for a portfolio of assets.

Primary Responsibilities

Coordinate all the related property accounting activities performed for a portfolio of properties. Activities include but are not limited to:

Daily/Weekly

• Responsible for completing Lease Administrations lease profile for each lease and reviewing for compliance in the areas of rent billings, CAM billings, Electric billings, late fee notification and security deposits and lease incentives


• Responsible for review of each processed tenant move-in and move-out forms updated in MRI


• Final approver of property tax bills and tenant refunds within AVID electronic work-flow system


• Oversee and provide support to the Accounts Receivable Administration and Portfolio Accountant on collection of tenants past due accounts


• Communicate effectively with Regional Asset Management Teams, Property Managers, Leasing Agents and field personnel to resolve tenant account issues.

Monthly/Quarterly

• Responsible for month end general ledger review


• Responsible for preparation of month end correcting journal entries


• Responsible for preparation of month end accrual journal entries


• Responsible for preparation of monthly financial portfolio report


• Responsible for presenting portfolio results as part of monthly financial review call with Asset Management and Corporate Accounting


• Responsible for updating monthly property accounting workpapers for balance sheet accounts such as prepaid taxes, prepaid R&M, unbilled receivables and accrued expenses


• Prepare gross up calculations for electric expense, janitorial expense and management fees


• Maintain schedule of all real estate taxes due in cooperation with Accounts Payable Manager


• Provide assistance to the Asset and Property Management teams as part of the preparation of the quarterly and annual reforecast budgets

Annually

• Responsible for calculating and sending out new CAM estimates to tenants


• Responsible for calculating year end CAM accrual


• Responsible for calculating and sending out CAM reconciliations


• Responsible for working with tenants on audits of CAM reconciliations

Other

• Ad hoc reports when requested


• Work with corporate accounting in the due diligence for acquisition and disposition of properties on an as needed basis

Supervisory Responsibilities

Responsible for the supervision of a team of individuals including Portfolio Accountant(s) and the Accounts Receivable Administrative Assistant(s).

Bachelor’s degree (B.A.) from an accredited college or university

Minimum of 5 years’ experience in real estate accounting

Minimum of 3 years of management experience supervising multiple subordinates and staff

Advanced computer skills including Excel, Word and familiarity with general ledger software packages required. MRI experience a plus.

Experience in a multi-site environment, publicly traded company and REIT industry all a plus.

Other Skills Required:

Individual should possess strong aptitude for basic accounting principles, good reasoning skills, high attention to detail, and the ability to multi-task in a high volume, corporate environment.

Strong leadership, communication, presentation and writing skills required.

Ability and experience in managing and motivating a large department of subordinates and staff.

Ability to write reports, business correspondence and procedure manuals.

Ability to effectively present information and respond to questions from senior management.

Mathematical Skills

Ability to calculate and figure amounts such as discounts, interest, commissions, proportions and percentages.

Ability to apply concepts of basic mathematics such as fractions, percentages, ratios and proportions to practical situations.

Reasoning Ability:

Ability to define problems, collect data, establish facts and draw valid conclusions.

Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.

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