Supervisor Senior, Property Accounting

DLC Management Corp.; Village of Elmsford (NY); Hybrid; USD 100,000 - 115,000; Full time

Benefits offered by this job

Competitive pay

401K company match

Medical, Dental, and Vision Insurance

Hybrid work model

20+ paid days off annually

13+ paid holidays

Paid parental leave

Industry-leading training

Mentorship program

Job summary

DLC Management Corp. in the United States seeks a Supervising Senior Property Accountant to oversee accounting, financial reporting, and analysis for a portfolio of properties. You will lead a team of Property Accountants and coordinate with Asset Management and JV partners.

Responsibilities include monthly close, cash flow forecasting, tax basis and GAAP statements, audits, and process improvements while ensuring compliance with policies and loan documents.

Qualifications

• Bachelor's degree in Accounting.
• 5+ years of accounting experience, including 4+ years in property management.
• Strong GL, accrual accounting, reconciliations, cash management, and financial analysis.
• Experience using MRI, Yardi Nexus, and Excel.
• At least one year in a senior accountant/supervisory role.

Responsibilities

• Involvement with accounting and reporting for assigned portfolios, including internal and external reporting to lenders and investors.
• Provide day-to-day supervision and technical support to Property Accountants and Senior Property Accountants.
• Assist with staff training, review work product, and ensure accountability within the team.
• Manage and monitor cash flow and forecasting.
• Lead monthly Income Tax Basis and GAAP financial statements with variance analysis.
• Collaborate with Asset Management and Property Management on accounting and reporting matters.
• Coordinate with outside auditors to complete annual audits and tax returns.
• Reconcile operating accounts, mortgages, and escrows for properties.
• Assist in acquisitions and dispositions of properties/portfolios.
• Ensure lender debt compliance including DSCR and debt yield calculations.
• Support budgeting processes and annual re-forecasts.
• Identify opportunities to improve accounting processes and reporting quality.

Skills

5+ years accounting experience

Property management accounting

GAAP & tax basis knowledge

Education

Bachelor's degree in Accounting

Tools

MRI

Yardi Nexus

Excel

Job description

Why DLC?

DLC is proud to be certified as a Great Place to Work and is driven by a strong culture and entrepreneurial foundation. DLC is one of the nation's leading owners and operators of open-air retail shopping centers and has expertise in all facets of commercial real estate. At DLC, our teammates make all the difference and we offer industry-leading training and career development to assure your success.

What We Offer:

• Compensation and Benefits:
  • Competitive pay
  • 401K company match
  • Medical, Dental, and Vision Insurance
• Work-Life Balance:
  • Hybrid work model
  • 20+ paid days off annually
  • 13+ paid holidays in addition to PTO
  • Paid parental leave
• Career Development:
  • Industry-leading training and development
  • Open door policy
  • Industry trade shows and event access
  • Mentorship program

About the Role:

The Supervising Senior Property Accountant is responsible for accounting, financial reporting, financial analysis and providing general business support for a portfolio of properties. They will work closely with other members of the Accounting team as well as Asset Management, Property Management and our JV partners.

Responsibilities:

• Involvement (both preparing and reviewing) with all accounting and reporting functions for assigned portfolios under management including reporting results internally and externally to lenders and investor partners
• Provide day-to-day supervision, guidance, and technical support to Property Accountants and Senior Property Accountants
• Assist with employee training, development, review work product, provide constructive feedback, and help ensure appropriate accountability within the team
• Manage and monitor cash flow and forecasting
• Beginning-to-end preparation and review of monthly Income Tax Basis and GAAP financial statements with analysis of actual to budget variances
• Collaborate with Asset Management and Property Management to research and resolve accounting, operational, and reporting matters
• Collaborate with outside auditors to complete annual audits and tax returns
• Operating account, mortgage and escrow reconciliations on assigned properties
• Assist in acquisitions and dispositions of properties/portfolios
• Responsible for lender debt compliance including DSCR and debt yield calculations
• Participate in the preparation, review, and re-forecast of annual budgets
• Identify opportunities to improve accounting processes, reporting quality, efficiency, consistency, and documentation
• Ensure compliance with company accounting policies, reporting standards, partnership agreements, loan documents, and other applicable requirements
• Special projects as required: due diligence on acquisitions, property set-up on acquisitions, new property software programs, etc.

Soft Skills/Behaviors:

• Excellent oral and written communication skills to successfully engage with other departments to gather required information
• Organized and reliable with strong analytical skills and attention to detail
• Demonstrates leadership, accountability, and sound professional judgment
• Strong interpersonal and communication skills
• Works effectively across departments to obtain information and resolve outstanding matters.
• A "can-do" attitude and a desire to learn
• Thrives in a fast-paced environment with the ability to prioritize, multi-task and manage tight deadlines
• Aptitude to learn new systems quickly
• High attention to detail

Technical Skills:

• Bachelor's degree in Accounting
• 5+ years of accounting experience with a minimum of 4 Years of property management experience; some public accounting experience is preferred
• Strong understanding of general ledger accounting, accrual accounting, account reconciliations, cash management, and financial statement analysis.
• Have at least one year experience in a senior accountant/supervisory role
• Experience with MRI, Yardi Nexus, Excel or similar real estate accounting and reporting systems.
• Income Tax basis and GAAP basis experience is preferred

The expected salary range for this position is between $100,000 and $115,000. The actual compensation will be based on factors such as scope and responsibilities of the position, candidate's work experience, education/training, job-related skills, internal peer equity, market and business considerations and other factors permitted by law.