Senior Manager of Development and Property Accounting

Description

We are seeking an experienced and dynamic Senior Manager of Development and Property Accounting to lead our accounting team. This role will oversee two direct reports and be responsible for managing the financial operations across all development projects and operating properties, including commercial, retail, and multifamily assets. The Senior Manager of Development and Property Accounting will report directly to the VP, Controller and Treasurer, and will play a key role in driving financial performance and compliance.

Requirements

Key Responsibilities

• Supervise and mentor a team of two accounting professionals, providing guidance to foster their professional development, conducting performance evaluations, and setting clear objectives.
• Direct and oversee accounting functions for a diverse portfolio of multifamily, retail, and commercial properties, including rents, tenant improvements, lease commissions, fixed assets, accounts payable, receivables, and general ledger activities, ensuring compliance with GAAP, internal controls, and company policies, while managing a substantial portfolio size, including oversight of third-party managed properties.
• Manage accounting for all development projects, ensuring accurate financial tracking and reporting.
• Oversee the preparation and review of monthly construction draws, pre-draws, financials, and reconciliations.
• Work closely with development, property management, and asset management teams to support informed financial decision-making.
• Monitor project development expenditures to ensure alignment with budgets and financial objectives.
• Publish timely and accurate month-end financial statements, including balance sheets, income statements, and cash flow statements, in alignment with contractual agreements for each operating property.
• Ensure the precise and timely preparation of monthly financial statements and property performance reports.
• Conduct regular reconciliations of property accounts to maintain accuracy, collaborating closely with property and asset managers.
• Provide support for tax return preparation for operating properties, including annual fixed asset and depreciation schedules.
• Offer accounting support for acquisitions and dispositions of operating properties by reviewing financial information, assisting in closings, and managing the technical accounting aspects.
• Collaborate with third parties to ensure proper financial reporting for multifamily assets.
• Conduct financial analyses to support Development Monday Meetings in collaboration with development managers.
• Undertake ad hoc projects as required.
  
  

Qualifications

• Bachelor’s degree in Accounting/Finance/equivalent experience required. Advanced degree or CPA, CMA a plus
• 7 years of Property Management Experience, preferred
• 3 years of Managerial experience, overseeing a team of 2 , preferred
• Industry Specific Software experience, preferred: Yardi, RealPage/Onesite, Entrata, MRI Experience a plus
• Proven ability to lead and develop a team
• Strong communication and interpersonal skills