Manager, Property Accounting

BXP, Inc.; Boston (MA); On-site; USD 120,800 - 157,000; Full time

Benefits offered by this job

Medical and dental coverage

Retirement savings plan with company match

Backup childcare

Educational assistance

Commuter transit subsidy

Job summary

BXP, Inc. is seeking a Financial Manager to oversee financial matters related to their portfolio. This includes reviewing, managing, and auditing all financial operations.

The ideal candidate will possess a Bachelor's degree and have at least five years of relevant accounting experience, particularly in commercial real estate. Key responsibilities include coordinating training, analyzing financial statements, and ensuring compliance with accounting standards.

Qualifications

• Minimum of five years of accounting experience required.
• Previous accounting experience in commercial real estate settings preferred.
• Self-starter capable of finding solutions with minimal supervision.

Responsibilities

• Review and analyze financial matters related to portfolio.
• Coordinate training for Senior Accountants and Accountants.
• Participate in quarterly revenue and depreciation variance analysis.
• Ensure accounting complies with legal documents related to assigned properties.

Skills

Leadership

MS Excel proficiency

Organizational skills

Problem-solving

Communication

Education

Bachelor's degree in Business Administration or Accounting

Job description

Primary Purpose of Position

Review, manage, audit and analyze all financial matters related to portfolio. Provide support to the VP, Regional Controller, and Senior Manager in the training and technical development of the Senior Accountants and Accountants.

Essential Functions

• Coordinate initial and ongoing training to Senior Accountants and Accountants based on the company’s processes, policies and procedures.
• Review and approve quarterly audit binders and assist VP, Regional Controller/Senior Manager in the close the books process.
• Review of financial statements as required for lender, joint venture partners and third parties in accordance with requirements contained in agreements.
• Review of tenant operating and real estate tax escalations (escrows and true ups).
• Analyze and interpret tenant leases and assist in the implementation and analysis of complex transactions for the region (acquisitions, dispositions, complex leases, debt transactions, etc.).
• Ensure tenants are billed all rental and additional charges per their lease.
• Participate in the initial review and presentation of quarterly revenue, NOI, and depreciation variance analysis to executive and senior management.
• Perform regional straight‑line rent responsibilities such as regenerations, reconciliations to the control file, and coordinate with lease administration in accordance with revenue recognition policies.
• Assist VP, Regional Controller/Senior Manager in the preparation of materials and presentation of the annual business plan meeting and quarterly reforecast meetings.
• Responsible for the review and posting of journal entries.
• Responsible for the review of all monthly fixed assets, recurring billings and lease log.
• Responsible for managing departmental and regional timelines.
• Responsible for ensuring all accounting complies with legal documents related to assigned properties (e.g., management agreements, development agreements, joint venture agreements, mortgage documents, etc.).
• Provide support to the Finance & Capital Markets team as it relates to all acquisitions, dispositions and recapitalizations.
• Assist in the transition of all acquisition, dispositions and new developments.
• Work jointly with Lease Administration, Accounts Receivable, Accounts Payable, Tax, Finance, Financial Reporting and senior management in various corporate and regional departments.
• Liaison to external audit teams (REIT reporting, "Stand-Alone" GAAP and IFRS financial statements and notes, income and expense audits and operating expense audits).
• Review capital calls, construction loan draws and all reporting related to the company’s development projects.
• Review reporting related to the corporate accounting responsibilities of the Senior Accountants and Accountants.
• Collaborate with peers at Manager level to discuss process improvements and best practices.
• Perform other duties as assigned.

Requirements and Qualifications

• Bachelor’s degree in Business Administration or Accounting required.
• Minimum of five years of accounting experience required. Previous accounting experience in commercial real estate settings or related industries preferred.
• Exemplifies proven leadership skills by showing initiative, serving as a role model, demonstrating accountability, and a shared sense of commitment to the organization.
• Excellent computer skills with proficiency in MS Excel required.
• Proven organizational skills with ability to set priorities, manage multiple projects and meet deadlines.
• Self‑starter capable of finding solutions with minimal supervision.
• Ability to interact with co‑workers, clients or vendors in an articulate, courteous and professional manner.
• Ability to work under pressure.
• Ability to work independently, as well as part of a team.
• Adaptability to changing demands.

Physical Requirements

• General office work performed while sitting (e.g., operating a computer).
• General office work performed while standing (e.g., operating a fax and printer).
• Tours throughout property portfolio typically performed by walking and climbing stairs.
• Movement between departments to facilitate work.

Internal and External Contacts

• This position interacts extensively with all levels of employees within BXP and with a variety of external audiences.

Reporting Structure

• This position reports to the VP, Regional Controller who provides supervision and guidance, and monitors work on a regular basis to include performance reviews.

Salary Range

$120,800 - $157,000. BXP offers a competitive total rewards package including base salary and annual discretionary bonus. The range represents expected base salary; compensation will be determined based on role, skills, experience, qualifications, location and other job‑related factors. Our comprehensive benefits include medical and dental coverage, a retirement savings plan with competitive company match, backup childcare, educational assistance, employee support programs, a generous commuter transit subsidy and more.

Equal Opportunity Employer Statement

BXP is an Equal Opportunity Employer. Qualified applicants will receive consideration for employment without regard to race, national origin, religion, age, color, sex, sexual orientation, gender identity, disability, or protected veteran status, or any other characteristic protected by local, state, or federal laws, rules, or regulations.