Senior Consultant, Property Accountant, Investment Administration & Reporting | Real Estate Sol[...]

FTI Consulting; Roseland (NJ); On-site; USD 78,000 - 201,000; Full time

Job summary

An established industry player is seeking a Property Accountant to join their dynamic team. This role involves providing outsourced accounting services to public and private companies, including REITs and mortgage finance firms. As a Property Accountant, you'll manage financial reporting, oversee cash transactions, and ensure compliance with client policies. You'll collaborate with a talented team and have the opportunity to mentor junior staff. This position offers a chance to make a significant impact in the real estate finance sector while enjoying a supportive and inclusive workplace culture. If you're ready for a fulfilling career with growth potential, this opportunity is for you.

Benefits

Competitive total compensation

Medical, dental, and vision coverage

Generous paid time off

401(k) retirement savings plan

Flexible work arrangements

Paid parental leave

Employee wellness platform

Professional development programs

Free in-office snacks and drinks

Corporate matching for charitable donations

Qualifications

• 3+ years of experience in property accounting and financial reporting.
• Strong analytical and problem-solving skills with attention to detail.

Responsibilities

• Provide timely and accurate property accounting services to clients.
• Manage client deadlines, oversee cash transactions, and prepare financial reports.
• Lead and mentor team members in property accounting.

Skills

Property-level accounting

Analytical skills

Problem-solving

Organizational skills

Communication skills

Education

Bachelor’s degree in accounting or finance

Master’s degree in accounting or finance

Tools

Excel

Job description

Who We Are

FTI Consulting is the world’s leading expert-driven consulting firm. Over the last 40 years, FTI Consulting experts have served as the trusted advisor to Fortune 500 companies and the world’s leading law and private equity firms when they are facing their greatest opportunities and challenges. Our strong performance and continued success are a direct reflection of the ambition, energy, and commitment of our talented professionals across the globe to make a positive impact for our clients and communities.

At FTI Consulting, you’ll be inspired and empowered to make an impact on headline matters that change history. Working side by side with the world’s leading experts in your field, you’ll be surrounded by an open collaborative culture that embraces diversity, recognition, professional development and most importantly, you.

There’s never been a more exciting time to join FTI Consulting and this is where you will do the most exciting and fulfilling work of your career.

Are you ready to make an 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 singular focus on the real estate and finance industry and the capital markets that serve it. Our services are designed to create integrated financial, tax and real estate solutions for clients having underlying value in real estate operations and assets. We provide an unsurpassed range of real estate advisory services including merger and acquisitions, due diligence, valuation, lease consulting, forensic accounting, financial outsourcing, IPO preparation, real estate and REIT tax structuring and compliance, executive compensation, master planning and development services, cost segregation and private client services. We represent leading public and private real estate entities including 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 Property Accountant is responsible for providing timely and accurate property accounting services to our clients, managing client deadlines/expectations, and fostering a collaborative team environment.

Accounting & Reporting:

• Review/Prepare timely and accurate monthly property accounting financial reporting (including accruals, journal entries, monthly financial statements, working papers, variance explanations, compliance, as applicable)
• Independently handle property accounting with varying levels of complexity
• Manage/oversee cash transactions and review corresponding general ledger entries (e.g. accounts payable, cash receipts) for specific clients
• Review/Analyze cash and distribute or request funds in accordance with client’s policy taking into consideration critical payments such as property taxes, sales tax, utilities, loan payments
• Oversee lease administration process and monthly billings
• Review/Prepare monthly property reporting in compliance with required client accounting department property policies and procedures
• Review/Prepare property analytical reports, as applicable
• Correspond with Client Property Management and Asset Management departments surrounding property accounting matters, including the financial reporting
• Communicate effectively and build partnerships with clients and colleagues
• Review, complete and/or participate in the annual budget and re-forecasting processes for client assets
• Review, complete and/or participate in the annual operating expense reconciliation process, as applicable
• Review/Prepare pro-rations and support closing statements for acquisition or disposition of properties
• Review/Prepare related tax work for properties and provide to the third-party tax preparer on a timely basis
• Lead or contribute to ad hoc or special accounting projects such as implementation of accounting software, transaction or business process review, new client or property transitions, and other financial reporting and asset management reporting assistance
• Provide formal supervision of direct reports within Property Accounting. Mentor, train and develop team members based on individual needs, provide ongoing performance feedback/support and complete performance evaluations per company guidelines

Operations:

• Support investment acquisition and disposition activities
• Participate in client meetings and trainings as required
• Ensure adherence to client’s internal and external audit standards
• Participate in client’s external audit process
• Liaise with clients and assist them on accounting and administrative issues and relevant developments

Basic Qualifications:

• Bachelor’s or master’s degree in accounting or finance
• 3+ years of post-graduate work experience
• Knowledge of property-level accounting
• This role may require travel to clients and FTI offices
• Applicants must be currently authorized to work in the United States on a full-time basis; the employer will not sponsor applicants for work visas

Preferred Qualifications:

• Experience reviewing property accounting monthly reporting packages
• Strong analytical, problem-solving, and organizational skills with attention to detail
• Proficiency in month/quarter/annual closings at the asset/property level for both US GAAP financial statements and preparation of related working papers or analyses
• Strong proficiency in Excel
• Ability to understand and communicate ideas clearly and effectively both verbally and in written communications
• Ability to take responsibility for various aspects of projects as well as the ability to suggest improvements and enhancements

Total Wellbeing

Our goal is to support the wellbeing of you and your families—physically, emotionally, and financially. We offer comprehensive benefits such as the following:

• Competitive total compensation, including bonus earning potential
• Full package of benefits plans, including medical, dental, and vision coverage along with life and disability insurance
• Generous paid time off and holidays
• Company matched 401(k) retirement savings plan
• Potential for flexible work arrangements
• Generous paid parental leave with available planning tools, virtual expert coaching services and flex return support.
• Family care benefits, including back-up child/elder care
• Employee wellness platform
• Employee recognition programs
• Paid time off for volunteering in your community
• Corporate matching for charitable donations most important to you
• Make an impact in our communities through company sponsored pro bono work
• Professional development and certification programs
• Free in-office snacks and drinks
• Free smartphone and cellular plan (if applicable)
• FTI Perks & Discounts at retailers and businesses
• Upscale offices close to public transportation

About FTI Consulting

FTI Consulting, Inc. is the leading global expert firm for organizations facing crisis and transformation, with more than 8,300 employees located in 34 countries and territories. Our broad and diverse bench of award–winning experts advise their clients when they are facing their most significant opportunities and challenges. The Company generated $3.49 billion in revenues during fiscal year 2023. In certain jurisdictions, FTI Consulting’s services are provided through distinct legal entities that are separately capitalized and independently managed. FTI Consulting is publicly traded on the New York Stock Exchange. For more information, visit www.fticonsulting.com and connect with us on Instagram and LinkedIn.

FTI Consulting is an equal opportunity employer and does not discriminate on the basis of race, color, national origin, ancestry, citizenship status, protected veteran status, religion, physical or mental disability, marital status, sex, sexual orientation, gender identity or expression, age, or any other basis protected by law, ordinance, or regulation.

Compensation Disclosure: Actual compensation is determined based on a wide array of relevant factors including market considerations, business needs, and an individual’s location, skills, level of experience, and qualifications.

• Job Family/Level: Op Level 2 - Senior Consultant
• Citizenship Status Accepted: Not Applicable
• Exempt or Non-Exempt?: Exempt

• Minimum Pay: 78500
• Maximum Pay: 201000