Director, Property Accounting - Account Lead

Consulting, Inc.; Roseland (NJ); On-site; USD 150,000 - 230,000; Full time

Job summary

FTI Real Estate Solutions, a unit of FTI Consulting, provides outsourced property accounting services to public and private companies, including REITs and real estate private equity funds. The Senior Director oversees property accounting teams and ensures accurate, timely financials for diverse clients.

The role emphasizes leading the accounting function, maintaining compliance with standards, and coordinating with client management to support asset-level decision making and reporting needs.

Responsibilities

• Oversee monthly property accounting financial reporting.
• Ensure property reporting complies with accounting standards and client policies.
• Provide supervision to property accounting staff and review financial statements.
• Coordinate annual budget and re-forecasting for client assets.
• Lead internal and external audits and ensure timely tax work for properties.
• Manage cash, banking, and transaction services for clients.

Skills

Property accounting

Financial reporting

Audit coordination

Team leadership

Job description

Who We Are

FTI Consulting is the leading global expert firm for organizations facing crisis and transformation. We work with many of the world's top multinational corporations, law firms, banks and private equity firms on their most important issues to deliver impact that makes a difference. From resolving disputes, navigating crises, managing risk and optimizing performance, our teams respond rapidly to dynamic and complex situations.

At FTI Consulting, you'll work side-by-side with leaders who have shaped history, helping solve the biggest challenges making headlines today. From day one, you'll be an integral part of a focused team where you can make a real impact. You'll be surrounded by an open, collaborative culture that embraces diversity, recognition, professional development and, most importantly, you.

Are you ready to make your impact?

About the Role

We focus on our clients' strategic, operational, financial, and capital needs by addressing the full spectrum of financial and transactional challenges faced by corporations, boards, private equity sponsors, creditor constituencies and other stakeholders.

FTI Real Estate Solutions has a focus on the real estate and private capital industries. Our services are designed to create integrated financial, tax and private equity and real estate private equity solutions to serve market constituents.

We provide a range of advisory services including merger and acquisitions, due diligence, valuation, lease consulting, forensic accounting, financial outsourcing, IPO preparation, tax structuring and compliance, executive compensation, master planning and development services, cost segregation and private client services. We represent leading public and private capital and real estate entities including private equity, equity and mortgage REITs, financial institutions, investment banks, opportunity funds, insurance companies, hedge funds, pension advisors and owners/developers.

What You'll Do

We provide outsourced accounting services to both public and private companies, including REITs, mortgage finance companies, real estate private equity funds, developers and operators. The Senior Director is responsible for overseeing property accounting services to a range of clients and managing multiple property accounting teams. The position will ensure that real estate funds and real estate fund managers are provided with accurate and timely property accounting services and financials.

Accounting & Reporting:

• Oversee the timely and accurate preparation of monthly property accounting financial reporting
• Ensure property financial reporting and associated transactions comply with relevant accounting standards
• Ensure monthly property reporting is in compliance with required client accounting department and client policies and procedures.
• Serve as primary escalation contact for Client Property Management and Asset Management departments surrounding property accounting matters.
• Provide supervisory guidance to property accounting staff including daily, monthly, and annual tasks.
• Review property level financial statements and support schedules
• Ensure team's on-time and accurate processing of critical payments (e.g. property taxes) and lender compliance
• Participate in the preparation of annual budget and re-forecasting processes for client assets.
• Lead and support internal and external audit requirements
• Support closing statements for acquisition or disposition of properties, including pro-rations and seller true ups
• Support confirmation that all related tax work for properties are prepared, reviewed, and given to the third-party tax preparer on a timely basis.
• Oversee and manage cash management, banking, and transaction services for specific clients
• Prepare and/or review property analytical reports
• Potential exposure or assistance to ad hoc or special accounting projects such as implementation of accounting software, transaction or business process review, and other financial reporting and asset management reporting assistance

Operations:

• Support investment acquisition and disposition activities
• Review procedures and recommend solutions in order to improve efficiencies
• Participate in or lead client meetings and trainings as required.
• Ensure adherence to FTI's and client's internal and external audit standards
• Coordinate, manage and monitor FTI's and client's external audit process
• Liaise with clients and assist them on accounting and administrative issues and relevant developments
• Provide technical accounting/industry knowledge to clients

Team Management:

• Monitor and track team performance in order to meet the client service level agreements and achieve financial targets, including how resources are allocated to various properties
• Plan resources in line with business demands, participate in the recruitment and selection process, lead, coach, develop and appraise employees within the team
• Establish plan for new client setup and transitions
• Keep Senior Management abreas