Director of Accounting (ACC-7091)

Our client is seeking a seasoned, hands-on accounting professional with deep experience in commercial real estate accounting, preferably within an owner/operator of grocery-anchored and neighborhood shopping centers. The ideal candidate will have comprehensive knowledge of property-level and corporate accounting, exceptional proficiency with Yardi, and a strong understanding of the accounting complexities associated with multi-tenant retail properties.

This individual should be comfortable taking ownership of the accounting function and working across virtually all aspects of the business—from day-to-day property accounting and financial reporting to CAM reconciliations, budgeting, cash management, and coordination with outside tax and audit professionals.

KEY RESPONSIBILITIES: 

• Manage the full accounting cycle for a portfolio of commercial real estate assets, with an emphasis on grocery-anchored and multi-tenant shopping centers.
• Prepare and review monthly, quarterly, and annual property-level financial statements.
• Maintain general ledgers & ensure accurate & timely recording of revenues, expenses, accruals, and other transactions.
• Manage tenant billing, accounts receivable, cash receipts, accounts payable, and vendor payments.
• Prepare and review CAM, real estate tax, and insurance reconciliations, including interpretation of tenant lease provisions, expense pools, caps, exclusions, and pro rata share calculations.
• Maintain tenant recoveries and other lease-related accounting information within Yardi.
• Work closely with property management, asset management, leasing, and ownership to address accounting and financial matters.
• Prepare annual property operating budgets and assist with forecasts and variance analysis.
• Perform monthly bank reconciliations and oversee cash management across property and corporate accounts.
• Manage fixed assets, depreciation schedules, capital expenditures, and construction/development-related accounting as applicable.
• Track security deposits, prepaid rents, tenant receivables, and other balance sheet accounts.
• Prepare lender reporting and assist with debt-related accounting and compliance requirements.
• Support property acquisitions and dispositions, including accounting setup, closing statements, opening balance sheets, and financial information required for due diligence.
• Coordinate year-end financial reporting and work with outside CPAs on tax returns, audits, and other reporting requirements.
• Maintain appropriate accounting controls, policies, and procedures.
• Identify opportunities to improve accounting processes, reporting, and the utilization of Yardi.
• Serve as the internal accounting resource for ownership and other members of the organization.

QUALIFICATIONS:

• Bachelor’s Degree in Accounting, Finance, or a related field; CPA not required.
• Approximately 7–15+ years of progressive accounting experience, preferably within commercial real estate.
• Significant experience working for a commercial real estate owner/operator or property management organization.
• Direct experience with grocery-anchored, neighborhood or other multi-tenant retail shopping centers
• Advanced proficiency with Yardi, including property accounting, tenant billing, recoveries, and financial reporting.
• Strong working knowledge of CAM reconciliations and tenant expense recoveries.
• Thorough understanding of GAAP and property-level accounting principles.
• Experience with budgeting, forecasting, cash management, and financial statement preparation.
• Ability to read & interpret leases as they relate to rent, CAM, taxes, insurance, percentage rent, and other tenant charges.
• Advanced Excel skills and strong overall systems aptitude.
• Highly organized and detail-oriented with the ability to manage multiple properties, entities, and deadlines.
• Comfortable working in a small, entrepreneurial real estate organization where the accounting professional is expected to be both strategic and highly hands-on.
• Strong communication skills and the ability to interact effectively with ownership, property managers, tenants, lenders, vendors, and outside professionals.