Supervisor Senior, Property Accounting

Job Description

Job Description

Why DLC?
DLC is proud to be certified as a Great Place to Work and is driven by a strong culture and entrepreneurial foundation. DLC is one of the nation's leading owners and operators of open-air retail shopping centers and has expertise in all facets of commercial real estate. At DLC, our teammates make all the difference and we offer industry-leading training and career development to assure your success.

What We Offer: 

• Compensation and Benefits: 
  • Competitive pay 
  • 401K company match  
  • Medical, Dental, and Vision Insurance  
• Work-Life Balance: 
  • Hybrid work model 
  • 20+ paid days off annually 
  • 13+ paid holidays in addition to PTO 
  • Paid parental leave 
• Career Development: 
  • Industry-leading training and development 
  • Open door policy  
  • Industry trade shows and event access 
  • Mentorship program

About the Role: The Supervising Senior Property Accountant is responsible for accounting, financial reporting, financial analysis and providing general business support for a portfolio of properties. They will work closely with other members of the Accounting team as well as Asset Management, Property Management and our JV partners.

Responsibilities:

• Involvement (both preparing and reviewing) with all accounting and reporting functions for assigned portfolios under management including reporting results internally and externally to lenders and investor partners
• Provide day-to-day supervision, guidance, and technical support to Property Accountants and Senior Property Accountants
• Assist with employee training, development, review work product, provide constructive feedback, and help ensure appropriate accountability within the team
• Manage and monitor cash flow and forecasting
• Beginning-to-end preparation and review of monthly Income Tax Basis and GAAP financial statements with analysis of actual to budget variances
• Collaborate with Asset Management and Property Management to research and resolve accounting, operational, and reporting matters
• Collaborate with outside auditors to complete annual audits and tax returns
• Operating account, mortgage and escrow reconciliations on assigned properties
• Assist in acquisitions and dispositions of properties/portfolios
• Responsible for lender debt compliance including DSCR and debt yield calculations
• Participate in the preparation, review, and re-forecast of annual budgets
• Identify opportunities to improve accounting processes, reporting quality, efficiency, consistency, and documentation
• Ensure compliance with company accounting policies, reporting standards, partnership agreements, loan documents, and other applicable requirements
• Special projects as required: due diligence on acquisitions, property set-up on acquisitions, new property software programs, etc.

Soft Skills/Behaviors:

• Excellent oral and written communication skills to successfully engage with other departments to gather required information
• Organized and reliable with strong analytical skills and attention to detail
• Demonstrates leadership, accountability, and sound professional judgment
• Strong interpersonal and communication skills
• Works effectively across departments to obtain information and resolve outstanding matters.
• A “can-do” attitude and a desire to learn
• Thrives in a fast-paced environment with the ability to prioritize, multi-task and manage tight deadlines
• Aptitude to learn new systems quickly
• High attention to detail

Technical Skills:

• Bachelor’s degree in Accounting
• 5+ years of accounting experience with a minimum of 4 Years of property management experience; some public accounting experience is preferred
• Strong understanding of general ledger accounting, accrual accounting, account reconciliations, cash management, and financial statement analysis.
• Have at least one year experience in a senior accountant/supervisory role
• Experience with MRI, Yardi Nexus, Excel or similar real estate accounting and reporting systems.
• Income Tax basis and GAAP basis experience is preferred

The expected salary range for this position is between $100,000 and $115,000. The actual compensation will be based on factors such as scope and responsibilities of the position, candidate's work experience, education/training, job-related skills, internal peer equity, market and business considerations and other factors permitted by law.

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