Senior Director – Property Accounting

Zoho; Bengaluru; Hybrid; INR 6,000,000 - 9,000,000; Full time

Job summary

Embark Services Private Limited in Bengaluru is seeking a Senior Director – Property Accounting to lead the Bengaluru-based property accounting team and ensure US GAAP-compliant financial reporting. The role partners with US-based leadership on month-end, quarter-end, and year-end closes, oversees offshore review processes, and drives process improvements and SOX controls.

This senior position requires strong technical accounting expertise, a proactive leadership style, and ability to

Qualifications

• Bachelor’s degree in accounting or finance is required.
• Chartered Accountant (CA) or Certified Public Accountant (CPA) qualification is preferred.
• Minimum of 12 years of related professional accounting experience preferred.
• Five or more years in a supervisory role managing a team of five or more is preferred.
• Big Four accounting firm experience preferred; real estate or student housing experience is an advantage.
• Strong working knowledge of US GAAP and Sarbanes-Oxley (SOX) control environments.
• Experience with Oracle Fusion is preferred.
• Proficient in Microsoft Office applications, with emphasis on Excel, Word and PowerPoint.
• Strong organizational, interpersonal, analytical, leadership and presentation skills.
• Ability to handle multiple high-priority projects with keen attention to detail.
• Strong problem-solving and data analysis skills, with the ability to assimilate new information, understand complex topics and arrive at sound analysis and judgement.
• Ability to work independently while logically and strategically resolving accounting issues in adherence with US GAAP.
• Demonstrates a positive attitude and maintains a high level of professionalism when working with onshore stakeholders and senior leadership across time zones.

Responsibilities

• Provide leadership over Bengaluru Property Accounting to ensure property-level accounting and financial reporting are completed accurately, timely and in accordance with US GAAP, company policies and internal control requirements.
• Partner closely with US-based Property Accounting leadership in the execution of month-end, quarter-end and year-end close processes, including management of close calendars, review standards, escalation protocols and timely completion of offshore deliverables.
• Oversee review standards for property-level accounting performed by the offshore team, including balance sheet reconciliations, significant account analyses and unusual or complex transactions, with appropriate escalation of material issues.
• Lead and develop the Bengaluru-based Property Accounting team, setting performance expectations, managing workload and capacity, and supporting leadership development and succession planning.
• Establish and monitor key performance indicators for the offshore Property Accounting team, including close timeliness, reconciliation completion, accounting exceptions, audit findings and other measures of quality and effectiveness.
• Support a strong accounting policy and control environment, including SOX compliance, application of accounting policies, documented procedures and appropriate review standards.
• Provide technical accounting leadership to the offshore team, working closely with US-based Property Accounting and Financial Reporting leadership on the application of US GAAP and company accounting policies.
• Provide strategic oversight of property accounting for third-party managed assets, including owner financial reporting, audit coordination, and delivery of accurate, timely information in accordance with management agreements, accounting policies, and internal controls.
• Serve as liaison between the Bengaluru Property Accounting team and US-based leadership, communicating accounting results, significant issues, close status and control matters.
• Partner with FP&A, Operations and other stakeholders, in coordination with onshore leadership, to support the integrity of actual financial results and provide accounting insight into significant property-level variances and trends.
• Support acquisitions, dispositions and other portfolio transactions in partnership with US-based Property Accounting, Investments, Financial Reporting and other stakeholders.
• Coordinate offshore support for internal and external audits, including audit deliverables, resolution of accounting and control matters, and remediation activities in partnership with onshore leadership.
• Drive improvements to Property Accounting policies, workflows, systems and automation in coordination with US-based leadership to improve consistency, scalability, controls and reporting quality.
• Partner with US-based leadership and Finance leadership on staffing, hiring, performance management and organizational development to ensure the Bengaluru team has the appropriate capacity and capabilities to support the business.
• Work from the Bengaluru office under the hybrid working model, with working hours aligned to provide meaningful daily overlap with US business hours; flexibility is expected during month-end and year-end close, audit periods and other peak reporting cycles.
• Perform other projects and responsibilities as assigned.

Tools

Oracle Fusion

Job description

Embark Services Private Limited | Full time

We are seeking a Senior Director – Property Accounting to provide senior leadership across the Property Accounting function. This roleis based in Bengaluru, India.

The Senior Director – Property Accounting provides seniorleadership across the Property Accounting function, with responsibility for thequality, accuracy and timely delivery of property-level accounting andfinancial reporting performed by the Bengaluru-based team. The role leads theoffshore Property Accounting organization through its management team and worksclosely with US-based Property Accounting leadership to support the effectiveexecution of month-end, quarter-end and year-end close processes, consistentapplication of accounting policies, and maintenance of strong review andinternal control standards. The role will serve as a key partner to US-basedProperty Accounting leadership and stakeholders across Financial Reporting, FP&A,Investments, Operations and other functions.

Primary Role – Managed Portfolio Accounting and Reporting

• Provideleadership over the Bengaluru-based Property Accounting function, ensuringproperty-level accounting and financial reporting are completedaccurately, timely and in accordance with US GAAP, company policies andinternal control requirements.
• Partnerclosely with US-based Property Accounting leadership in the execution ofmonth-end, quarter-end and year-end close processes, including managementof close calendars, review standards, escalation protocols and timelycompletion of offshore deliverables.
• Overseereview standards for property-level accounting performed by the offshoreteam, including balance sheet reconciliations, significant accountanalyses and unusual or complex transactions, with appropriate escalationof material issues.
• Leadand develop the Bengaluru-based Property Accounting team, settingperformance expectations, managing workload and capacity, and supportingleadership development and succession planning.
• Establishand monitor key performance indicators for the offshore PropertyAccounting team, including close timeliness, reconciliation completion,accounting exceptions, audit findings and other measures of quality andeffectiveness.
• Supporta strong accounting policy and control environment, including SOXcompliance, application of accounting policies, documented procedures andappropriate review standards.
• Providetechnical accounting leadership to the offshore team, working closely withUS-based Property Accounting and Financial Reporting leadership on theapplication of US GAAP and company accounting policies.
• Providestrategic oversight of property accounting for third-party managed assets,including owner financial reporting, audit coordination, and delivery ofaccurate, timely information in accordance with management agreements,accounting policies, and internal controls.
• Serveas liaison between the Bengaluru Property Accounting team and US-basedleadership, communicating accounting results, significant issues, closestatus and control matters.
• Partnerwith FP&A, Operations and other stakeholders, in coordination withonshore leadership, to support the integrity of actual financial resultsand provide accounting insight into significant property-level variancesand trends.
• Supportacquisitions, dispositions and other portfolio transactions in partnershipwith US-based Property Accounting, Investments, Financial Reporting andother stakeholders.
• Coordinateoffshore support for internal and external audits, including auditdeliverables, resolution of accounting and control matters, andremediation activities in partnership with onshore leadership.
• Driveimprovements to Property Accounting policies, workflows, systems andautomation in coordination with US-based leadership to improveconsistency, scalability, controls and reporting quality.
• Partnerwith US-based leadership and Finance leadership on staffing, hiring,performance management and organizational development to ensure theBengaluru team has the appropriate capacity and capabilities to supportthe business.
• Workfrom the Bengaluru office under the hybrid working model, with workinghours aligned to provide meaningful daily overlap with US business hours;flexibility is expected during month-end and year-end close, audit periodsand other peak reporting cycles.
• Performother projects and responsibilities as assigned.

Requirements

• Bachelor’sdegree in accounting or finance is required.
• CharteredAccountant (CA) or Certified Public Accountant (CPA) qualification ispreferred.
• Minimumof 12 years of related professional accounting experience preferred.
• Fiveor more years in a supervisory role managing a team of five or more ispreferred.
• BigFour accounting firm experience preferred; real estate or student housingexperience is an advantage.
• Strongworking knowledge of US GAAP and Sarbanes-Oxley (SOX) controlenvironments.
• Experiencewith Oracle Fusion is preferred.
• Proficientin Microsoft Office applications, with emphasis on Excel, Word andPowerPoint.
• Strongorganizational, interpersonal, analytical, leadership and presentationskills.
• Abilityto handle multiple high-priority projects with keen attention to detail.
• Strongproblem-solving and data analysis skills, with the ability to assimilatenew information, understand complex topics and arrive at sound analysisand judgement.
• Abilityto work independently while logically and strategically resolvingaccounting issues in adherence with US GAAP.
• Demonstratesa positive attitude and maintains a high level of professionalism whenworking with onshore stakeholders and senior leadership across time zones.