Commercial Real Estate Accountant

JOB FUNCTION: Finance & Accounting
JOB TYPE: Direct Hire
LOCATION: Boston, MA
COMPENSATION: $75k - $90k
REMOTE / ONSITE: Remote
POSTED: Jun 16, 2022

Our client is seeking a Commercial Real Estate Accountant to join their diverse commercial real estate team that is dedicated to helping you pursue your personal career goals. Located in Back Bay, our client is dedicated not only to the wellness of the employees, but also our plant and has been ranked “Most Responsible Company.”

Salary/Hourly Rate:

$75k – $90k

Position Overview:

Manage, audit and analyze all financial matters related to assigned portfolio. Serve as the financial expert and primary facilitator of all financial matters for assigned properties. The ideal candidate will work from home 6 days a month and work the remaining days in the office in downtown Boston.

Responsibilities of the Commercial Real Estate Accountant:

  • Responsible for the quarterly close process
  • Oversee tenant accounts
  • Analyze and prepare quarterly tax and GAAP financial statements, tenant operating, real estate tax escalations, and depreciation
  • Present formal revenue and expense variance explanations in the VET tool
  • Perform analysis, develop financial reports and related schedules, and external reports for compliance
  • Audit and prepare reconciliation of all accounts and ensure accuracy of various databases
  • Communicate with property management to assist with preparation of portfolio annual budgets and quarterly re-forecasts
  • Work with Lease Administration, Accounts Receivable, Accounts Payable, Tax, Finance and Legal Departments to obtain necessary information for the completion of financial statements
  • Examine and comprehend all management, development, joint venture agreements, and mortgage documents
  • Provide VP, Regional Controllers and all other BXP personnel with the highest level of service
  • Manage, analyze, and interpret leases
  • Work with financial reporting as regards complex transactions
  • Compile supporting documentation for tenant audits

Qualifications Commercial Real Estate Accountant:

  • 1 to 3 years of accounting experience required
  • Commercial real estate settings or related industries is a plus
  • Strong computer skills with proficiency in Microsoft Excel required
  • Knowledge of JD Edwards is a plus
  • Self-starter with proven organizational skills needed along with excellent communication (written and oral) and leadership abilities
  • Ability to work under pressure and adapt to change, multitask, and work independently as well as part of a team

Education Requirements:

  • Bachelor’s degree in Accounting

Benefits:

  • Health, dental, and vision
  • Long-term disability and life insurance
  • Health & dental care reimbursement accounts
  • 401K with match
  • Employee stock purchase plan
  • Vacation, sick pay, paid holidays, personal days, and volunteer day
  • Bereavement leave and leaves of absence
  • Employee assistance program (EAP)
  • Tuition reimbursement program
  • Commuter benefit program
  • Scholarship program
  • Flexible work arrangements
As a woman-owned firm, we value diversity. We are an equal opportunity employer and will consider all applications without regard to race, sex, age, color, religion, national origin, veteran status, disability, genetic information or any other characteristic protected by law. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request an accommodation.
Position ID: 110911