Director Capital Accounting | MAA Corporate Office

Job Summary

The Director Capital Accounting reports to the Vice President Corporate Controller and ensures the construction in progress (CIP) and fixed asset accounting processes and policies are appropriately developed and applied.  Key responsibilities include developing and managing the Capital Accounting team; working with multiple stakeholders to ensure the proper capitalization and categorization of capital items; accurate and timely reporting.

The successful candidate will embody and work to reinforce MAA’s Core Values.  Those values include:

• Appreciating the uniqueness of each individual

• Communicating openly and with integrity

• Embracing opportunities

• Doing the right thing at the right time for the right reasons

Duties and Responsibilities

• Researches, develops, and implements capital policies and guidance in compliance with Company policies and GAAP.

• Oversees the internal and external development pipeline to ensure development construction is appropriately accounted for, including working with various Joint V enture (JV) partners to ensure consistency and accuracy is applied across all JV developments.

• Oversees and manages the accounting for acquisitions and dispositions, which includes working with the transactions team to ensure that these transactions are recorded accurately and timely.

• Oversees the preparation, distribution, and accuracy of capital accounting reports on scheduled basis and other ad-hoc requests from Finance and Development teams

• Oversees the process to ensure CIP assets are moved to depreciable asset accounting and disposal process to ensure that are written off timely.

• Manages the team responsible for ensuring SAGE Fixed Asset Software (FAS) subledger is appropriately and accurately updated and depreciated each month.

• Partners with the Tax team to ensure that fixed assets are updated and monitored for all tax considerations.

• Manages the team responsible for reviewing the capex invoice workflow to ensure capital policies are appropriately applied.

• Serves the main point of contact for internal and external audit requests and schedules for developments and fixed assets.

• Partners with Finance and Asset Management to facilitate the annual capital budgets are established, loaded, and monitored throughout the fiscal year.

Required Qualifications

• Bachelor’s degree in accounting or finance or a related field required

• 10 years of fixed asset or project accounting experience in a corporate environment required

• Supervisory/management experience required

Preferred Qualifications

• Certified Public Accountant (CPA) credential preferred

• MBA or other master's degree preferred

Knowledge, Skills, and Abilities

• Advanced knowledge of all core and fixed asset accounting principles and best practices, including GAAP

• Knowledge of tax depreciation methods and rules including 1031 transactions and cost segregation

• Knowledge of SEC reporting

• Supervisory and leadership skills to assess, coach, develop and manage performance of others

• Process management skills to develop, document, analyze and improve processes and procedures

• Skill and ability to communicate verbally clearly and concisely and in writing

• Quantitative and qualitative analytical skills and attention to detail

• Critical thinking and problem-solving skills

• Knowledge and skills to organize, prioritize, and meet time-sensitive deadlines

• Familiarity with Sage Fixed Asset Software and Yardi 7s or related systems

• Proficiency with Microsoft Office applications (Word, Excel, Access, Outlook, and PowerPoint)

Physical and Environmental Requirements:

• The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.

• While performing the duties of this job, the employee is regularly required to talk or hear. The employee frequently is required to stand; walk; use hands to finger, handle or feel; and reach with hands and arms.

• This position requires the ability to occasionally lift office products and supplies, up to 20 pounds.

• This job operates in a professional office environment. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machines.

Disclaimer

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.