Senior Accountant – Property

COMPANY BACKGROUND
Real Capital Solutions is a highly entrepreneurial real estate investment company pairing active capital with an emphasis on street level solutions. As an active investment management company, RCS sources deals in value-add, opportunistic and high barrier to entry markets. RCS is a solution oriented real estate company that focuses on acquisitions, development, and management for highly complex and structured real estate opportunities. RCS has 35 years of operational and real estate expertise with returns that are in the top 5% of private equity real estate firms in the US.

SUMMARY
The Senior Accountant – Property will assist the Property Accounting team in the day-to-day operations of the department. The incumbent will have a good working knowledge of accounting, financial statement presentation, and budgeting – including Generally Accepted Accounting Principles. The Senior Accountant will be responsible for maintaining accurate accounting records for projects falling under the purview of the department.
We have an amazing, unique team of people in Property Accounting who have fostered and nurtured a great team dynamic. We approach our days with a fun, positive attitude where ideas are openly encouraged and shared. Due to our approach, we’ve created a very cohesive team that is supportive and collaborative. If this environment sounds like a great fit, we would love to hear from you.

RESPONSIBILITIES
•Financial Reporting & Analysis: Prepare and analyze monthly, quarterly, and annual financial reports for multiple properties, ensuring accuracy and compliance with accounting standards. Conduct in-depth variance analysis to identify discrepancies and provide recommendations for improvements in property performance.
o Review / Analyze 3rd-party provided monthly financial statements and supporting schedules.
o Prepare in-house-managed financial statements and supporting schedules.
o Review and analyze financial statements and prepare supporting documents.

•Budgeting and Forecasting: Collaborate with asset management team to develop property budgets and forecasts, providing insights and recommendations for financial improvements.
o Review / analyze the annual budgeting efforts of the assigned portfolio.

•General Ledger Management: Maintain property-specific general ledgers, ensuring all transactions are accurately recorded and reconciled.
o Perform complex accounting tasks such as acquisition/disposition entries, intercompany accounting, consolidations, and multi-level entity accounting.
o Provide oversight and direction to 3rd-party property accounting teams.
o Oversee accounting for investment entities, including all equity activity.
o Prepare periodic internal accounting review files for key stakeholders.

•Accounts Payable/Receivable: Oversee the property-related accounts payable and receivable processes.

•Lease Administration: Manage lease-related accounting activities, including rent schedules, and CAM (Common Area Maintenance) reconciliations.
o Review CAM reconciliations prepared by 3rd-party property management.
o Prepare CAM reconciliations for in-house managed properties.

•Process Improvement: Continuously review and provide feedback to enhance accounting processes, systems, and controls to optimize efficiency and accuracy.

QUALIFICATIONS
•Bachelor’s degree in Accounting preferred, or comparable work experience.
•Minimum 3-5 years of solid accounting experience.
•Commercial property accounting experience preferred.
•Detail-oriented with the ability to work in a high-volume setting.
•MRI or other property accounting software knowledge is a plus.
•Solid understanding of MS Office suite, especially Excel.
•Strong organizational and planning skills.
•Ability to manage several projects/tasks at one time.
•Effective written and oral communication skills.

ESSENTIAL FUNCTIONS
1. Ability to comply with company rules and regulations.
2. Ability to communicate effectively and courteously with internal and external customers through two-way verbal and written communication (speech, hearing, and writing).
3. Ability to work independently and refer appropriate matters to the supervisor when necessary.
4. Ability to comprehend written and verbal communication.

PHYSICAL DEMANDS
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 frequently required to stand, walk, and talk and hear. The employee is frequently required to sit when doing paperwork or answering emails; use hands or fingers to utilize the computer. Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception, and ability to adjust focus.

WORK ENVIRONMENT
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.