Posted: 26-Nov-24
Location: Washington D.C., D.C.
Type: Full Time
Categories:
Required Education:
Bernstein Management Corporation (BMC) has been a regional leader in real estate management for more than 70 years. BMC's investment affiliate is a fully discretionary, private real estate fund with assets valued at over $2.0 billion, low leverage and significant capacity to make additional investments. Focusing exclusively on the Washington D.C. metropolitan area, the portfolio currently includes 80+ properties representing over 5,800 residential units and 3.4 million square feet of commercial space including office, retail and industrial assets. BMC's team of over 230 industry experts manage the portfolio with a hands-on, vertically integrated approach. For more information, visit www.bmcproperties.com.
We are looking for an experienced accounting and finance professional to join our growing team as the AVP Accounting to oversee (1) corporate, property, investment and partnership accounting and financial reporting, (2) commercial lease administration and (3) tax and insurance regulatory filings and payments. The AVP Accounting will report directly to the SVP, Accounting & Finance and supervise 3 direct reports. Specifically, this role would be responsible for:
- Oversee the day-to-day financial operations, including the full accounting lifecycle for our cash and accrual general ledger - from property and investment level transactions to monthly financial reporting.
- Lead the development of the accounting team and proactively recommend hiring and outsourcing solutions to manage workloads and team engagement.
- Oversee the accounting close process, including timelines, checklists, standard and ad hoc journal entry review and distribution of internal and external financial reports. Provide regular status updates on progress.
- Manage delivery and analysis of financial reports, including reports for lenders, partners and investors.
- Manage external auditor and tax accounting firm deliverables (financial statement audits, tax filings, etc.) and ensure requests are met timely.
- Partner with FP&A on forecasting, budgeting and variance analysis.
- Ensure capitalization policy is correctly applied to all applicable fixed assets, acquisitions and expenses.
- Review and analyze regulatory filings and reports for real estate taxes and insurance, including ensuring that filings and payments are timely and accurate.
- Review the CAM and lease administration results and manage team to ensure tenant billing matters are addressed timely.
- Ensure strong operational and accounting processes are established for efficiency, internal controls and scalability for future growth.
- Assume other duties and responsibilities as the SVP of Accounting & Finance deems appropriate.
*Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of the job, as described above.
Knowledge, Skills, and Abilities
- Advanced proficiency in Microsoft Excel
- Strong understanding of technical real estate and investment accounting
- Strong analytical skills, including data analysis and visualization for executive presentation
- Excellent time management and written and oral communication skills
- Hands on, a can-do attitude, and willing to serve in multiple roles
- Adept at managing projects, prioritizing and knowing when (and how) to escalate issues
- Professional presence, outstanding work ethic and a strong team player
- Must have acute attention to detail with strong analytical and problem-solving skills
- Must be a strategic thinker and assertive in a fast paced, multi-entity environment
- Must operate independently and feel comfortable in a decision-making role
- Must effectively interact with senior management at all levels and across all lines of business
- Must multitask and follow through while ensuring deadlines and deliverables are met
Required Education and Experience
- Bachelor's degree in accounting or finance
- CPA with at least two years of public accounting experience
- Progressive accounting and finance experience to include, but not be limited to month end close, annual audits, financial reporting, staff development and management
- Minimum of 10 years of relevant experience, including managing a team
- Real estate or financial services industry knowledge and experience
- Demonstrated success in developing and leading high-performance teams
- Must have solid communication, technology, analytical and management skills
Preferences
- Yardi (property management accounting software) experience strongly preferred
- Ability to develop and maintain reports using SQL, Advanced Excel, Power BI, etc.
- Real estate tax preparation or review preferred
- Nexus or PayScan (accounts payable software) experience preferred
BMC's People First Commitment
At BMC, we know that work/life balance is not just important, it's necessary. As a member of our team, your experience will be valued, and your hard work will be rewarded with a generous benefits package including paid time off, medical plan options, 401K match with immediate vesting, rent discount at BMC properties, paid volunteer leave, gym membership contributions, and company-wide social outings.
The market-based pay range for this role is $190,000-$200,000 annually (plus additional bonus incentives). The final salary offered will generally fall within this range and is dependent on various factors including but not limited to the responsibilities of the position, experience, skill set, internal pay equity and other relevant qualifications of the applicant.
For a summary of BMC's employment benefit offerings, please click here.
Bernstein Management is an Equal Opportunity Employer, making decisions without discrimination on the basis of race, color, religion, sex, national origin, age, veteran status, disability, sexual orientation, genetic information or any other protected class, in accordance with applicable law.