Senior Property Accountant

Description

SENIOR PROPERTY ACCOUNTANT | GID – BOSTON, MA

GID is a privately-held, vertically-integrated real estate company that owns, operates, and/or manages a portfolio of multifamily and industrial assets, and develops multifamily and mixed-use projects across the United States. The firm also operates a credit platform that aims to provide commercial real estate debt solutions for institutional borrowers. With corporate offices in Atlanta, Boston, Dallas, Dubai, New York and San Francisco, GID is an experienced real estate investor and manager supported by an integrated operating platform and has 60+ years of experience across multiple asset classes. As of September 30, 2024, GID owns and/or manages $30.0 billion of assets under management across 57,000 apartment units and 28 million square feet of industrial and commercial space [1].

DESCRIPTION:

A Senior Property Accountant is responsible for overseeing financial activities for multifamily real estate portfolios. Responsibilities include managing general ledger accounts, preparing and reviewing financial reports, and ensuring compliance with relevant regulations. They also provide internal and external reporting of a property’s financial results. Expertise in accounting principles and property management is essential.

The Senior Property Accountant will embrace our company values of accountability, inclusiveness, energizing and courageousness.

RESPONSIBILITIES:

• Review monthly financial statements including variance analysis ensuring commenting on reasons for significant variances.
• Analyzes and reconciles balance sheet and income statement accounts to ensure accuracy and correct classification of activity.
• Ensure necessary year-end adjustments are accurate to finalize financial statements.
• Review capital expenditures, analyze uninsured loss accounts and startup cost accounts.
• Resolve open bank reconciling items and balance sheet reconciliation items.
• Responsible for ensuring the filing of personal property tax, business license, and sales tax.
• Responsible for maintaining timely property tax payments.
• Participate in monthly meetings to review financial statements.
• Ensuring debt compliance and other lender financial information requirements are met timely.
• Provide guidance and mentorship to junior accounting staff.
• Oversee the multifamily accounts payable including approving and coding certain invoices in Yardi.
• Acts as a liaison to auditors for property information and provides documentation requested from the audit team.
  • Reviews audit requirements and audit schedules to ensure accuracy and timeliness.
• Assist with annual audits and tax filings.
• Oversees Acquisitions and Dispositions.
• Communicate and partner with key stakeholders including the Fund Accounting team, Property Management, Asset Management, and 3rd parties, as necessary.
• Other projects assigned.

REQUIREMENTS :

• Bachelor’s degree in accounting, finance or a related field.
• At least 5 years of experience in accounting, with a focus on property accounting.
• Proven knowledge of property accounting and the ability to prepare and review financial statements.
• Strong knowledge of accounting principles and practices, as well as familiarity with property accounting software.
• Ability to perform complex financial analysis and provide insightful recommendations to management.
• Excellent communication skills, with the ability to clearly explain financial information to non-financial stakeholders.
• Strong attention to detail and the ability to manage multiple tasks simultaneously.
• Ability to work independently, as well as part of a team, and to meet tight deadlines.
• CPA certification is preferred but not required.

COMPENSATION:

• Compensation is $105,000 annually plus 15% bonus. Our company considers a range of factors including education and experience when determining base compensation.

BENEFITS:

• This position is also eligible for bonus and benefits. For more information, visit: Benefits!
  • 1 hour of paid sick and safe time for every 30 hours worked, 10 days of paid vacation time accrued bi-weekly, 6 weeks of paid parental leave, 10 paid holidays annually, and up to 3 floating days.

GID is an Equal Opportunity Employer

[1]. See GID.com for details on the calculation of assets under management.