Accounts Manager

The Accounts Manager plays a critical role in ensuring the financial stability of the organization through the adept administration of accounting operations. This position encompasses the preparation of financial statements, adherence to regulatory requirements, oversight of budgeting and forecasting, as well as the management of the accounting team. Candidates should exhibit robust analytical abilities, meticulous attention to detail, and substantial experience in overseeing financial functions within the enterprise.<\/p> \n

Key Responsibilities:<\/strong><\/p>

1. Property Financial Management:<\/strong><\/li>
   • Supervise financial activities for property portfolios, which include rental income, sales, maintenance costs, and property tax obligations.<\/li>
   • Administer the collection of rents, lease obligations, and tenant receivables, ensuring prompt follow-up on any overdue amounts.<\/li>
   • Collaborate with the property management team to monitor expenses related to maintenance, renovations, and enhancements.<\/li> <\/ul>
   • Financial Reporting & Analysis:<\/strong><\/li>
     • Generate monthly, quarterly, and yearly financial reports, encompassing property performance metrics, income statements, and balance sheets.<\/li>
     • Evaluate financial information and furnish insights regarding property profitability, cash flows, and occupancy trends.<\/li>
     • Conduct variance analyses concerning revenue and expenditures, elucidating the reasons for budgetary discrepancies.<\/li> <\/ul>
     • Budgeting & Forecasting:<\/strong><\/li>
       • Direct the budgeting initiative, working closely with leasing, property management, and sales teams to formulate precise financial forecasts.<\/li>
       • Draft cash flow forecasts aiding in the strategic planning of property acquisitions, developments, or enhancements.<\/li>
       • Track and report on budgetary performance, advising management on arising risks and opportunities.<\/li> <\/ul>
       • Accounts Payable & Receivable:<\/strong><\/li>
         • Supervise the accounts payable activities for vendor settlements linked to property maintenance, utility services, and other operational expenditures.<\/li>
         • Administer accounts receivable, ensuring timely rent collections, and liaise with property management to resolve tenant payment challenges.<\/li>
         • Guarantee accurate records for tenant deposits, refunds, and reconciliations upon move-out.<\/li> <\/ul>
         • Property Tax & Compliance:<\/strong><\/li>
           • Ensure compliance with applicable tax regulations at local, state, and federal levels regarding property ownership, transactions, and rental income.<\/li>
           • Oversee property tax filings and collaborate with external advisors as needed.<\/li>
           • Maintain thorough documentation in preparation for audits and regulatory assessments.<\/li> <\/ul>
           • Lease and Sales Transactions:<\/strong><\/li>
             • Manage the accounting processes for property sales, including revenue recognition, cost management, and transactional closures.<\/li>
             • Keep track of lease agreements, including renewals, increases, and termination processes.<\/li>
             • Work alongside legal and leasing teams to ensure correct financial documentation for new leases, amendments, and terminations.<\/li> <\/ul>
             • Team Leadership & Development:<\/strong><\/li>
               • Lead the accounting team through training and mentorship regarding accounting practices specific to real estate.<\/li>
               • Conduct performance evaluations and establish clear goals for team members.<\/li>
               • Promote a collaborative culture encouraging best practices and continuous advancements.<\/li> <\/ul>
               • ERP & System Optimization:<\/strong><\/li>
                 • Implement and manage ERP solutions tailored for real estate functions, such as Odoo or Yardi, ensuring system efficacy and data integrity.<\/li>
                 • Propose enhancements to streamline accounting procedures, reporting tasks, and internal controls.<\/li>
                 • Uphold data accuracy for property listings, tenant payments, and overall property expenses.<\/li> <\/ul>
                 • Strategic Financial Advisory:<\/strong><\/li>
                   • Advise management on significant real estate investment opportunities, providing analysis on profitability, ROI, and cash flow metrics.<\/li>
                   • Assist in the evaluation of property acquisitions and divestitures through financial analysis and due diligence efforts.<\/li>
                   • Collaborate with leasing, sales, and property management teams to underpin financial planning and growth initiatives.<\/li> <\/ul> <\/ol>

                     Qualifications and Skills:<\/strong><\/p>

                     • Education:<\/strong> A Bachelor’s degree in Accounting, Finance, or a closely related discipline; CPA or CMA certification is ideal.<\/li>
                     • Experience:<\/strong> A minimum of 5 years in an accounting role, including at least 2 years within a real estate or property management context.<\/li>
                     • Skills:<\/strong><\/li>
                       • In-depth understanding of real estate accounting practices, such as rent roll oversight, CAM reconciliation, and tenant ledger administration.<\/li>
                       • Proficient in accounting software and real estate ERP systems (e.g., Yardi, Odoo, etc.).<\/li>
                       • Exceptional analytical, organizational, and problem-solving capabilities with a commitment to detail.<\/li>
                       • Strong leadership and communication skills for effectively managing an accounting team and engaging with other departments.<\/li>
                       • Capability to navigate complex regulatory frameworks and secure compliance with industry standards.<\/li> <\/ul> <\/ul>