Senior Property Accountant

Employer
Brookfield Properties
Location
Washington, DC
Posted
Oct 13, 2021
Closes
Oct 15, 2021
Ref
141999019
Function
Accountant
Hours
Full Time
At Brookfield Properties, our success starts with our people. People like you.We develop, operate, and manage more than 650 properties and 325 million square feet of real estate across the globe. It is a feat that would not be possible without our team, a diverse group of creative visionaries and innovative experts who are relentless in pursuit of one goal: to ensure our buildings do not simply meet the needs of our tenants, residents, and communities - but exceed them, every day.Within our office business, this conviction guides every aspect of our work. Our signature structures not only define skylines but are also true destinations - bringing together office areas, retail spaces, and dining options all in one. And our high-end design capabilities and strong sustainability practices allow us to create properties that raise the bar for real estate everywhere. It is why the world's most respected businesses, non-profits, and start-ups choose us as their partner.If you are ready to be a part of our team, we encourage you to apply.Job ScopeResponsible for providing timely and accurate reporting of day-to-day accounting operations, managing, and executing financial reporting, budgeting and forecasting process for assigned properties.QualificationsBachelor's in Accounting; CPA is preferred.Strong accounting skills with in-depth knowledge of US GAAP; IFRS knowledge is a plus (specifically real estate).3 + years of public accounting and/or commercial real estate accounting experience is preferred.Strong presentation and interpersonal skills.Strong analytical ability.Strong communication and organizational skills; ability to handle multiple priorities, self-starter.Understanding of property management in relation to financial accounting, recoveries, budgeting, and forecasting.Proficiency in PC based software; Strong Excel skills is a must and Experience in Yardi is a plus.Scope of ResponsibilitiesLeadershipTake responsibility and ownership of financial results in monthly review and presentation to management.General AccountingReview and analyze general ledgers for assigned properties, process journal entries, assist in preparation of monthly accruals, calculate recoveries and update balance sheet backup schedules.Review and approve disbursements, payroll data entries, A/R adjustments, daily cash receipts, bank reconciliations, etc.Financial ReportingPrepare monthly and quarterly reporting packages for assigned properties.Review and prepare necessary reconciliations to balance sheet and income statement in a timely manner.If needed perform development accounting including draws and development cost tracking.Prepare monthly and quarterly variance analysis and monthly balance sheet analysis and provide meaningful comments for the changes.Ensure compliance of mortgage loan covenants and other reporting requirements.Experience with Joint venture partnerships accounting and reporting.AuditPrepare detailed year-end financial reconciliations, analysis and working papers.Provide timely support and assistance for requests from internal/external auditors.Forecast and BudgetsAssist in preparation of quarterly forecasts and quarterly variance analysis.Assist in tenant related communication including preparation of operating expense recoveries invoices, CPI adjustments and other tenant related requests.Assist in preparation of annual budget package, detailed variance analysis, and balance sheet analysis.