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Company Contact Info
- Columbia, SC
- John Shell
- Phone: 803-788-6619
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John Shell Associates, Inc. • Columbia, SC
Posted 2 months ago
Growing real estate investment company has a high-profile opportunity for a strong accounting professional with commercial real estate experience. The Manager-Investment Accounting will manage all aspects of property and investment accounting for the company's investments, including the closing process, property-level financial statement analysis, budgeting, reforecasting, and business intelligence. Will assist in preparation of internal and external financial reporting, including each fund's quarterly report and annual audited financial statements. Specific duties include the following:
- Supervise, manage and direct day-to-day activities of property accounting and staff, including recurring journal entries, balance sheet reconciliations, variance reports and internal/external financial reporting
Oversee and ensure timely and accurate monthly close of the property general ledgers and creation of property level financial statements
Review budget to actual explanations by line item for all properties and determine the key drivers of budget to actual property Net Operating Income variances
Partner with the Director – Investment Accounting and the Managing Director – Asset Management on the budgeting and reforecasting process for all properties
Partner with the Asset Management team to review accounts receivable detail along with the operations teams to determine the required bad debt reserves and to ensure all income is billed in accordance with lease terms, including review of monthly accruals and annual reconciliations of recovery items
Partner with various property operations groups to identify value creation opportunities at the property level that will drive efficiencies into the leasing and property valuation process and increase cash flow through sales reporting, percentage rent, and expense recoveries
Play a key role in the Company’s financial reporting process including the preparation of the quarterly report and annual audited financial statements
Provide sound advice relative to potential financial implications of proposed transactions, acquisitions, and dispositions and interact with all levels within the Company to ensure proper recording of financial transactions
Manage departmental projects that deploy updated processes and technology to create efficiencies and automate manual tasks
Assist with special projects or tasks to support the overall Company’s goals
Maintain and document policies and procedures around financial reporting, internal controls, and accounting system infrastructure
Position will supervise a small staff, report to Director-Investment Accounting, and interact with other members of senior financial management.
This opportunity requires a Bachelors degree in Accounting, Finance, or related field and 6+ years of experience specifically in commercial real estate property accounting. A focus on retail or office space preferred. Masters degree or CPA preferred but not required. Experience with Yardi and Argus Enterprise ideal.
John Shell Associates, Inc. specializes in the placement of accounting and financial professionals in South Carolina. Founded in 1982 and owned/managed by Certified Public Accountants, the firm has met the staffing needs of major corporations, small businesses, and CPA firms throughout the Palmetto State. Permanent, temp, and temp-to-hire. To view additional listings, visit http://www.shellaccounting.com.