Accounting Manager

Kforce's client is a very successful Real Estate investment company looking for an Accounting Manager. This position is located in Boston, MA and is hybrid, 3 days/week in office. Summary: The Accounting Manager will oversee a commercial real estate portfolio and oversee the work of accounting staff. The individual will also work closely with other members of the Finance team and with the Acquisitions, Asset Management, Tax, and Finance teams. Essential Functions: Responsible for overall property level accounting including:

• Work closely and oversee 3rd Party Property Teams
• Rent rolls and lease maintenance
• Cash management including weekly check funding
• Financial reports
• Annual budgets and quarterly budget re-projections
• Tax basis amortization and depreciation calculations
• Review and approval of operating and tax escalations
• Manage Loan Compliance
• Lender reporting including debt service coverage ratio calculations
• Prepare unaudited financial reports as required by the ownership of the property
• Provide comprehensive audit support
• Prepare audited financial statements with footnotes (FV and Tax basis), as required
• Work with construction division to provide accounting for development projects
• Prepare ad-hoc financial analysis and reporting as needed
• Prepare financial reporting on a consolidation or combined level, as required, including audited financial statements with footnotes (FV and Tax Basis)
• Cash management including capital calls and distributions
• Work with Acquisitions team to review diligence materials
• Review settlement statements including, prorations and buyer/seller credits
• Monitor all post-closing activity for true up with Seller
• Onboard properties and train 3rd party teams on Beacon financial standards and reporting
• 5 years of commercial property accounting experience
• Experience with Funds and/or Joint Ventures
• Experience with fair value GAAP, tax accounting; IFRS a plus
• Proficient with CAM
• Understanding of waterfall calculations
• Experience in year-end audit including preparation of financial statements and footnotes
• Experience with loan compliance including loan-draw and escrow-draw packages, covenant calculations
• Ability to work independently and communicate effectively
• Detail oriented and ability to multitask and prioritize
• Proficiency with financial software systems applications and proficiency with Microsoft Windows software programs; MRI experience a plus