Sr. Manager, Accounting
Apply NowCompany: LivCor
Location: Chicago, IL 60629
Description:
LivCor, a Blackstone portfolio company, is a real estate asset management business specializing in multi-family housing. Formed in 2013 and headquartered in Chicago, LivCor is currently responsible for a portfolio of over 400 Class A and B properties comprising more than 150,000 units in markets across the United States.
Our business is focused on making real estate more valuable. But for us, it's more than that. It's people first, community always. It's a life-filled career, not just a career-filled life. It's doing good work, with good humans, and making a difference. It's excellence in all its forms. Ultimately, we create great places to work, live, and grow. We do that by focusing on leaving people - and places - better than we found them.
Whew! Still with us? Cool. Let's talk about where you'd fit in:
Only read further if you are:
You should be:
The Sr. Manager of Accounting will report to the VP of Accounting and support aspects of financial reporting, corporate budgets, and accounting policy for LivCor's multi-family properties (including the accounting relationships with LivCor's third party property operators) as well as LivCor corporate accounting. This person will help mentor junior team members and will partner with the Revantage (LivCor's affiliated real estate services company) accounting team of 30+ accounting professionals responsible for monthly property and corporate accounting close, financial review and reporting. This person will interact extensively with LivCor executive leadership and asset management, and with Revantage accounting, treasury, tax and risk, as well as LivCor's many third-party property operating partners.
What you will do:
What you should have:
What we offer:
We know that if we take care of our team everything else will fall into place. We aren't perfect, but we will try to set very clear expectations, always let you know where you stand, and do everything in our power to help you get where you want to go.
Our culture and values matter to us. A lot. We're definitely not serious but we take this stuff seriously, if you get what we mean. We want a place that is an ego-free zone. A place where good people do good things together. It shouldn't be rocket science in workplaces, but for some reason it still is? We're absolutely determined to be different, and we think we're doing a pretty good job at it. We have a CEO who will encourage you to tell him when he is wrong. In fact, he needs people to - we all do. Supportive challenge is good, it's how we get better. We like getting better. We also love diversity, of all kinds. We need people who look, sound, speak, love, and exist differently from one another. This isn't at the end of this paragraph because it's an afterthought. It's SO important to us we want it to stand out.
If any of this sounds interesting, then maybe we are a fit. Life is too short to work with people you don't like. So whatever you do, don't make that mistake.
The LivCorian Values
Be you. Be Real. Be Open. You do you. Together, we will do something amazing. Care, Always. We don't want to let anyone down. Courageously Curious. We love to learn, even when it hurts. Help Others Win, Be A Good Neighbor. This is about 'We, not Me.' Relentless Hustle, Heart & Humility. Work hard. Be Kind. Make Better.
LivCor is proud to be a US EPA ENERGY STAR Partner
Base Compensation Range:
$155,000.00 To $185,000.00. This represents the presently-anticipated low and high end of the Company's base compensation range for this position. Actual base compensation range may vary based on various factors, including but not limited to location and experience.
Total Direct Compensation: This job is also eligible for discretionary bonus and incentive compensation on an annual basis.
Benefits: The Company provides a variety of benefits to employees, including health insurance coverage, retirement savings plan, paid holidays and paid time off (PTO).
The additional total direct compensation and benefits described above are subject to the terms and conditions of any governing plans, policies, practices, agreements, or other materials or documents as in effect from time to time, including but not limited to terms and conditions regarding eligibility.
Please review the job applicant privacy notice here.
EEO Statement
LivCor is an equal opportunity employer. In accordance with applicable law, we prohibit discrimination against any applicant, employee, or other covered person based on any legally recognized basis, including, but not limited to: veteran status, uniformed servicemember status, race, color, caste, immigration status, religion, religious creed (including religious dress and grooming practices), sex, gender, gender expression, gender identity, marital status, sexual orientation, pregnancy (including childbirth, lactation or related medical conditions), age, national origin or ancestry, citizenship, physical or mental disability, genetic information (including testing and characteristics), protected leave status, domestic violence victim status, or any other consideration protected by federal, state or local law. We are committed to providing reasonable accommodations, if you need an accommodation to complete the application process, please email talent@revantage.com
Our business is focused on making real estate more valuable. But for us, it's more than that. It's people first, community always. It's a life-filled career, not just a career-filled life. It's doing good work, with good humans, and making a difference. It's excellence in all its forms. Ultimately, we create great places to work, live, and grow. We do that by focusing on leaving people - and places - better than we found them.
Whew! Still with us? Cool. Let's talk about where you'd fit in:
Only read further if you are:
- Kind
- Humble
- Honest
- Relentless
- Smart with Heart
You should be:
- Authentic. You do you. Together, we'll do something amazing.
- A passionate person with a love for real estate and investing; and believes that helping others win is a noble cause, essential to our success.
- An excellent team player who enjoys working with others and has strong interpersonal skills.
- Highly motivated, energetic, and organized
The Sr. Manager of Accounting will report to the VP of Accounting and support aspects of financial reporting, corporate budgets, and accounting policy for LivCor's multi-family properties (including the accounting relationships with LivCor's third party property operators) as well as LivCor corporate accounting. This person will help mentor junior team members and will partner with the Revantage (LivCor's affiliated real estate services company) accounting team of 30+ accounting professionals responsible for monthly property and corporate accounting close, financial review and reporting. This person will interact extensively with LivCor executive leadership and asset management, and with Revantage accounting, treasury, tax and risk, as well as LivCor's many third-party property operating partners.
What you will do:
- Lead a cross-functional team of other support functions through the process of preparation and review of the LivCor G&A budget, including a reforecast on a semi-annual basis; be able to explain deviations from budget to LivCor senior leadership and Blackstone. Provide fund level reporting and analysis.
- Lead preparation and review of monthly and quarterly cashflow projections for 50+ investments. Actively manage liquidity and cash position with Revantage and operating partners. Provide detailed and high-level insights to leadership and Blackstone.
- Work with the VP of Accounting and Revantage Accounting to define, enhance, and execute Accounting and Finance best practices surrounding monthly close and variance reviews.
- Support review of property-level significant accruals/prepaids such as real estate taxes and insurance expense to ensure timely balance adjustments, in partnership with Revantage and FP&A
- Support review of property-level G&A, in partnership with FP&A.
- Understand LivCor accounting policies and remain current on updates to accounting rules to continue to enhance policies
- Be subject matter expert on significant LivCor accounting policies such as capitalization, AR/Bad debt, casualty losses and more; review financials to ensure adherence and explain variance to budget.
- Analyze and make recommendations on complicated accounting and reporting issues.
- Collaborate with Revantage accounting on chart of accounts mapping/maintenance, or other concerns raised by the AM team, FP&A or Operating Partners
- Active involvement in the review of quarterly financial statements and G&A statement presented to leadership and Blackstone at the quarterly board meeting.
What you should have:
- Bachelor's degree in accounting or finance.
- 8-12 years of progressive experience in accounting/finance within a commercial real estate firm; private equity experience is a plus.
- Ability to pivot with ease when priorities and strategy shift.
- Experience successfully leading and managing 2 - 3 direct reports.
- Strong work ethic and ability to thrive in a dynamic and demanding environment.
- Exceptional analytical skills and experience problem solving complex issues
- Extraordinary oral and written communication skills, ability to discuss financial results and make recommendations to the executive leadership team.
- CPA and experience in multi-family preferred.
- SEC reporting / SOX experience preferred.
What we offer:
We know that if we take care of our team everything else will fall into place. We aren't perfect, but we will try to set very clear expectations, always let you know where you stand, and do everything in our power to help you get where you want to go.
Our culture and values matter to us. A lot. We're definitely not serious but we take this stuff seriously, if you get what we mean. We want a place that is an ego-free zone. A place where good people do good things together. It shouldn't be rocket science in workplaces, but for some reason it still is? We're absolutely determined to be different, and we think we're doing a pretty good job at it. We have a CEO who will encourage you to tell him when he is wrong. In fact, he needs people to - we all do. Supportive challenge is good, it's how we get better. We like getting better. We also love diversity, of all kinds. We need people who look, sound, speak, love, and exist differently from one another. This isn't at the end of this paragraph because it's an afterthought. It's SO important to us we want it to stand out.
If any of this sounds interesting, then maybe we are a fit. Life is too short to work with people you don't like. So whatever you do, don't make that mistake.
The LivCorian Values
Be you. Be Real. Be Open. You do you. Together, we will do something amazing. Care, Always. We don't want to let anyone down. Courageously Curious. We love to learn, even when it hurts. Help Others Win, Be A Good Neighbor. This is about 'We, not Me.' Relentless Hustle, Heart & Humility. Work hard. Be Kind. Make Better.
LivCor is proud to be a US EPA ENERGY STAR Partner
Base Compensation Range:
$155,000.00 To $185,000.00. This represents the presently-anticipated low and high end of the Company's base compensation range for this position. Actual base compensation range may vary based on various factors, including but not limited to location and experience.
Total Direct Compensation: This job is also eligible for discretionary bonus and incentive compensation on an annual basis.
Benefits: The Company provides a variety of benefits to employees, including health insurance coverage, retirement savings plan, paid holidays and paid time off (PTO).
The additional total direct compensation and benefits described above are subject to the terms and conditions of any governing plans, policies, practices, agreements, or other materials or documents as in effect from time to time, including but not limited to terms and conditions regarding eligibility.
Please review the job applicant privacy notice here.
EEO Statement
LivCor is an equal opportunity employer. In accordance with applicable law, we prohibit discrimination against any applicant, employee, or other covered person based on any legally recognized basis, including, but not limited to: veteran status, uniformed servicemember status, race, color, caste, immigration status, religion, religious creed (including religious dress and grooming practices), sex, gender, gender expression, gender identity, marital status, sexual orientation, pregnancy (including childbirth, lactation or related medical conditions), age, national origin or ancestry, citizenship, physical or mental disability, genetic information (including testing and characteristics), protected leave status, domestic violence victim status, or any other consideration protected by federal, state or local law. We are committed to providing reasonable accommodations, if you need an accommodation to complete the application process, please email talent@revantage.com