Accounting Manager

Responsibilities

Kforce has a successful private REIT hiring for an Accounting Manager in Boston, MA. The position 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

Skills

• 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

The pay range is the lowest to highest compensation we reasonably in good faith believe we would pay at posting for this role. We may ultimately pay more or less than this range. Employee pay is based on factors like relevant education, qualifications, certifications, experience, skills, seniority, location, performance, union contract and business needs. This range may be modified in the future.


We offer comprehensive benefits including medical/dental/vision insurance, HSA, FSA, 401(k), and life, disability & ADD insurance to eligible employees. Salaried personnel receive paid time off. Hourly employees are not eligible for paid time off unless required by law. Hourly employees on a Service Contract Act project are eligible for paid sick leave.


Note: Pay is not considered compensation until it is earned, vested and determinable. The amount and availability of any compensation remains in Kforce's sole discretion unless and until paid and may be modified in its discretion consistent with the law.


This job is not eligible for bonuses, incentives or commissions.


Kforce is an Equal Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, pregnancy, sexual orientation, gender identity, national origin, age, protected veteran status, or disability status.


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Kforce is a professional staffing services firm offering Technology and Finance & Accounting jobs with top employers nationwide. We specialize in providing contract, contract-to-hire and direct placement opportunities, with over 50 years of experience in the staffing industry. Kforce offers many consultants comprehensive benefits depending on employment status, including medical, dental, 401(K), life insurance and disability. Our vision is to be "the firm most respected by those we serve."