Boston Properties Senior Property Accountant in Boston, Massachusetts
Primary Purpose of Position:
Review, manage, audit and analyze all financial matters related to assigned portfolio and portfolios of others. Provide primary support to Accounting Manager and facilitate financial matters for assigned portfolio.
Review quarterly Audit Binder for Assistant Property Accountant and assist Accounting Manager/Regional Controller in the review of Property Accountant Audit Binder.
Assist Accounting Manager/Regional Controller in the preparation of materials for the annual business plan meeting.
Responsible for Fixed Asset and Recurring Billing review for assigned portfolio.
At the direction of Regional Controller/Accounting Manager, assist in the implementation and analysis of complex transactions for the region (acquisitions, dispositions, complex leases, debt transactions, etc.).
Provide direction, motivation and training to Assistant Property Accountants including involvement in hiring process and annual reviews.
Review tenant operating and real estate tax escalations monthly payment and annual true-up for Assistant Property Accountant and assist Accounting Manager review as needed.
Responsible for all financial matters related to Closing the Books process each quarter.
Analyze quarterly Audit Binder in accordance with GAAP including all supporting schedules as required.
Directly responsible for the accuracy and completeness of their general ledgers.
Present formal revenue and expense variance explanations via VET tool on a quarterly basis in conjunction with property management.
Analyze and prepare tenant operating and real estate tax escalations for assigned properties’ monthly payment and annual true-up.
Manage, analyze and interpret tenant leases.
Review recurring billings for the tenants in their portfolio and ensure they are billed correctly for charges per their lease.
If applicable, for lender and/or third party requirements perform analysis and develop financial reports and related schedules.
Serve as a resource and assist with preparation of portfolio annual budgets and quarterly re-forecasts.
Responsible for understanding all legal documents related to assigned properties. For example, Management agreements, development agreements, joint venture agreements, mortgage documents, etc.
Provide Accounting Manager / Regional Controller with support as needed.
- Perform other duties as assigned.
Requirements and Qualifications:
BA/BS degree in Business Administration or Accounting required.
A minimum of 4-7 years of accounting experience required. Previous accounting experience in commercial real estate industry required.
Demonstrates a comprehensive understanding of property operations using knowledge and experience.
Exemplifies proven leadership skills by showing initiative, serving as a role model, demonstrating accountability and a shared sense of commitment to the organization.
Solid computer skills with proficiency in MS Excel required.
Proven organizational skills with ability to set priorities. Manage multiple projects and meet deadlines.
Self-starter capable of finding solutions with minimal supervision.
Ability to interact with co-workers, tenants or vendors in an articulate, courteous and business-like manner at all times.
Ability to work under pressure.
Ability to work independently, as well as part of a team.
Adaptability to changing demands.
Involves work of a general office nature usually performed sitting such as operation of a computer.
Involves work of a general office nature usually performed standing such as operation of a fax and printer.
Involves work such as tours throughout property portfolio usually performed by walking and by climbing stairs.
Involves movement between departments to facilitate work.