Real Estate Senior Accountant (Onsite Newport Beach, CA)
Apply NowCompany: KBS Realty Advisors, Inc.
Location: California City, CA 93505
Description:
JOB OVERVIEW:
The ReaI Estate Senior Accountant is able to handle all aspects of 8-10 real estate assets within the REIT portfolio with the supervision and review of an Accounting Manager or Assistant Controller.
ESSENTIAL JOB FUNCTIONS:
Review, manage, and supervise property manager accounting to ensure that a complete and accurate accounting package is being received from the field. Such review should evaluate among other things, the validity/completeness and proper treatment of accruals, cash receipts and disbursements, capital expenditures, and reserves. Tasks included in this review should include a scanning of the financial statements for unusual items, a review of bank reconciliations, top level reasonableness tests of revenues and major expenses, and a review of unusual fluctuations from quarter to quarter.
Perform a review of all new leases for pertinent financial lease information for straight-line rent purposes by using internal checklist to audit lease, total potential rent, test calculation of effective rent as set up in MRI to lease document. In addition, review for any lease incentive considerations.
Interface and coordinate with portfolio managers, asset managers, property managers and other in-house personnel to facilitate the asset management process. Examples would be, preparation of monthly internal report, preparation of monthly actuals for use by analysts in APR's, special requests for information for maintenance of various internal databases, research into specific tenant issues or capital expenditures, etc.
Review and approve weekly capital funding requests and ensure cash is available and capital funding wire is sent on a timely basis.
Review Delinquency Aging report and follow-up on outstanding items.
Ability to organize, prioritize and manage multiple tasks in a fast-paced environment. Exercise good time management and possess a high degree of accuracy.
Prepare general journal entries as needed
Assistance in providing information for year-end audit or internal audit requests.
QUALIFICATIONS:
Education/Certifications:
Bachelor's Degree
Essential:
Minimum of 3 years public accounting experience in real estate or minimum of 5 years of private experience in office and industrial properties
SKILLS:
Team player
Computer literate.
Good writing, analytical and problem-solving skills.
Ability to communicate effectively.
PHYSICAL 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. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is regularly required to walk, talk, see, and hear. Sits for extended periods of time at a computer station or work desk; stands and walks regularly throughout the day; uses hands and fingers to operate computers and office equipment for up to 8 hours each day; occasionally light lifting (up to 10 lbs.); exposed to typical office environment conditions. Specific vision abilities required by this job include close vision, distance vision, peripheral vision, depth perceptions and the ability to adjust focus.
MENTAL EFFORT:
Ability to work independently, prioritize duties to ensure timely completion of job duties. Requires active listening, critical thinking making decisions and time management and training skills, as well as administration and management skills. Ability to interact in a courteous and professional manner at all times.
WORKING CONDITIONS:
Indoors environmentally controlled; contact with others; face to face discussions.
HEALTH AND SAFETY RESPONSIBILITIES:
Take reasonable and necessary precautions to ensure personal and others health and safety.
Report to management or follow procedure as established in Safety Program any and all conditions that may be affecting the safety and health of the workplace.
Report to management all occurrences that cause injury or damage to any person or property.
Comply with the Company Safety Program, Policies and Procedures.
REPORTING STAFF:
No.
NORMAL WORKING HOURS:
Monday to Friday- Business hours. Schedule may vary based on business demands.
NOTE:
A review of this description has excluded the marginal functions of the position that are incidental to the performance of fundamental job duties. All duties and requirements are essential job functions.
This job description in no way states or implies that these are the only duties to be performed by the employee occupying the position. Employees will be required to perform any other job-related duties assigned by their supervisor.
The ReaI Estate Senior Accountant is able to handle all aspects of 8-10 real estate assets within the REIT portfolio with the supervision and review of an Accounting Manager or Assistant Controller.
ESSENTIAL JOB FUNCTIONS:
Review, manage, and supervise property manager accounting to ensure that a complete and accurate accounting package is being received from the field. Such review should evaluate among other things, the validity/completeness and proper treatment of accruals, cash receipts and disbursements, capital expenditures, and reserves. Tasks included in this review should include a scanning of the financial statements for unusual items, a review of bank reconciliations, top level reasonableness tests of revenues and major expenses, and a review of unusual fluctuations from quarter to quarter.
Perform a review of all new leases for pertinent financial lease information for straight-line rent purposes by using internal checklist to audit lease, total potential rent, test calculation of effective rent as set up in MRI to lease document. In addition, review for any lease incentive considerations.
Interface and coordinate with portfolio managers, asset managers, property managers and other in-house personnel to facilitate the asset management process. Examples would be, preparation of monthly internal report, preparation of monthly actuals for use by analysts in APR's, special requests for information for maintenance of various internal databases, research into specific tenant issues or capital expenditures, etc.
Review and approve weekly capital funding requests and ensure cash is available and capital funding wire is sent on a timely basis.
Review Delinquency Aging report and follow-up on outstanding items.
Ability to organize, prioritize and manage multiple tasks in a fast-paced environment. Exercise good time management and possess a high degree of accuracy.
Prepare general journal entries as needed
Assistance in providing information for year-end audit or internal audit requests.
- For certain roles may include other top-level functions such as flux analysis, top level reasonableness tests, fixed asset or other account balance reconciliations, or assistance with handling of certain aspects of financing i.e. principal pay downs analysis, debt covenant reviews, reporting requirements to lenders, ensure cash availability for debt service payments to be made in a timely manner, prepare supporting journal entries and monthly close schedules.
QUALIFICATIONS:
Education/Certifications:
Bachelor's Degree
Essential:
Minimum of 3 years public accounting experience in real estate or minimum of 5 years of private experience in office and industrial properties
SKILLS:
Team player
Computer literate.
Good writing, analytical and problem-solving skills.
Ability to communicate effectively.
PHYSICAL 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. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is regularly required to walk, talk, see, and hear. Sits for extended periods of time at a computer station or work desk; stands and walks regularly throughout the day; uses hands and fingers to operate computers and office equipment for up to 8 hours each day; occasionally light lifting (up to 10 lbs.); exposed to typical office environment conditions. Specific vision abilities required by this job include close vision, distance vision, peripheral vision, depth perceptions and the ability to adjust focus.
MENTAL EFFORT:
Ability to work independently, prioritize duties to ensure timely completion of job duties. Requires active listening, critical thinking making decisions and time management and training skills, as well as administration and management skills. Ability to interact in a courteous and professional manner at all times.
WORKING CONDITIONS:
Indoors environmentally controlled; contact with others; face to face discussions.
HEALTH AND SAFETY RESPONSIBILITIES:
Take reasonable and necessary precautions to ensure personal and others health and safety.
Report to management or follow procedure as established in Safety Program any and all conditions that may be affecting the safety and health of the workplace.
Report to management all occurrences that cause injury or damage to any person or property.
Comply with the Company Safety Program, Policies and Procedures.
REPORTING STAFF:
No.
NORMAL WORKING HOURS:
Monday to Friday- Business hours. Schedule may vary based on business demands.
NOTE:
A review of this description has excluded the marginal functions of the position that are incidental to the performance of fundamental job duties. All duties and requirements are essential job functions.
This job description in no way states or implies that these are the only duties to be performed by the employee occupying the position. Employees will be required to perform any other job-related duties assigned by their supervisor.