Senior Accountant, Property Accounting

Boston Properties, Inc; Boston (MA); On-site; USD 150,000 - 200,000; Full time

Job summary

A leading company in commercial real estate is seeking a Financial Analyst to manage financial matters for assigned properties. The role involves preparing financial statements, overseeing tenant accounts, and collaborating with various departments. Ideal candidates will have a degree in Business or Accounting and relevant experience in the field.

Qualifications

• 1-3 years of accounting experience required, 3-5 years preferred.
• Proficiency in MS Excel required.
• Experience in commercial real estate preferred.

Responsibilities

• Manage financial matters related to assigned portfolio.
• Prepare quarterly financial statements and reports.
• Oversee tenant accounts and ensure accurate billing.

Skills

Organizational skills

Communication skills

Problem solving

Leadership

Computer skills

Education

BA/BS degree in Business Administration or Accounting

Tools

JD Edwards accounting software

Job description

Primary Purpose of Position:

Manage, audit and analyze all financial matters related to assigned portfolio. Serve as the financial expert and primary facilitator of all financial matters for assigned properties.

Essential Functions:

• Responsible for the quarterly close process, including preparing supporting schedules and generating reports for audit binders.
• Oversee tenant accounts to ensure they are billed correctly each month for all rental and additional charges per their lease and investigate and resolve all discrepancies.
• Analyze and prepare quarterly Tax and GAAP financial statements, including all supporting schedules as scheduled.
• Present formal revenue and expense variance explanations in the VET tool on a quarterly basis in conjunction with property management.
• Perform analysis and develop financial reports and related schedules in accordance with lender and/or third party requirements.
• Analyze and prepare tenant operating and real estate tax escalations for assigned properties’ monthly payment and annual true-up.
• Audit accuracy of various databases, such as Lease Tracking, BP Loan Summary, Rent Roll, and Lease Abstract, for assigned portfolio.
• Communicate with property management to assist with preparation of portfolio annual budgets and quarterly re-forecasts.
• Work with Lease Administration, Accounts Receivable, Accounts Payable, Tax, Finance and Legal Departments to obtain necessary information for the completion of financial statements.
• Perform required analysis and develop external reports for compliance with all agreements (sales & use returns, I&E forms etc.).
• Audit and prepare reconciliation of all accounts (i.e. work orders, etc.).
• Examine and comprehend all management, development, joint venture agreements and mortgage documents for assigned properties.
• Analyze and prepare depreciation on a monthly basis.
• Provide VP, Regional Controllers and all other BXP personnel with the highest level of service.
• Manage, analyze and interpret leases. Enter all required information into Expense Participation
• Work with financial reporting in regards to complex transactions.
• Compile supporting documentation for tenant audits.

Requirements and Qualifications:

• BA/BS degree in Business Administration or Accounting required.
• A minimum of 1 to 3 years of accounting experience required. A minimum of 3-5 years of experience strongly preferred.Previous accounting experience in commercial real estate settings or related industries preferred.
• Strong 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, tenants or vendors in an articulate, courteous, and professional manner at all times.
• Leadership abilities.
• Ability to work under pressure, multitask and work independently, as well as part of a team.
• Adaptability to changing demands.
• Effective problem solving skills.
• Excellent communication skills, both written and oral, as well as interpersonal skills.
• Knowledge of JD Edwards accounting software desirable.

Physical Requirements:

• Involves work of a general office nature usually performed sitting such as operation of a computer.
• Involves work of a general office nature usually performed standing such as operation of a fax and printer.
• Involves movement between departments to facilitate work.

Internal and External Contacts:

• Regularly interfaces with BXP employees, Property Managers, and clients.

Reporting Structure:

• This position reports directly to the Senior Manager and VP, Regional Controller.

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.