Senior Accountant, Property Accounting
Primary Purpose of Position:
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.
Essential Functions:
- Responsible for the quarterly close process, including preparing supporting schedules and generating reports for audit binders.
- Oversee tenant accounts to ensure they are billed correctly each month for all rental and additional charges per their lease and investigate and resolve all discrepancies.
- Analyze and prepare quarterly Tax and GAAP financial statements, including all supporting schedules as scheduled.
- Present formal revenue and expense variance explanations in the VET tool on a quarterly basis in conjunction with property management.
- Perform analysis and develop financial reports and related schedules in accordance with lender and/or third party requirements.
- Analyze and prepare tenant operating and real estate tax escalations for assigned properties’ monthly payment and annual true-up.
- Audit accuracy of various databases, such as Lease Tracking, BP Loan Summary, Rent Roll, and Lease Abstract, for assigned portfolio.
- 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.
- Perform required analysis and develop external reports for compliance with all agreements (sales & use returns, I&E forms etc.).
- Audit and prepare reconciliation of all accounts (i.e. work orders, etc.).
- Examine and comprehend all management, development, joint venture agreements and mortgage documents for assigned properties.
- Analyze and prepare depreciation on a monthly basis.
- Provide VP, Regional Controllers and all other BXP personnel with the highest level of service.
- Manage, analyze and interpret leases. Enter all required information into Expense Participation
- Work with financial reporting in regards to complex transactions.
- Compile supporting documentation for tenant audits.
Requirements and Qualifications:
- BA/BS degree in Business Administration or Accounting required.
- A minimum of 1 to 3 years of accounting experience required. A minimum of 3-5 years of experience strongly preferred. Previous accounting experience in commercial real estate settings or related industries preferred.
- Strong computer skills with proficiency in MS Excel required.
- Proven organizational skills with ability to set priorities, manage multiple projects and meet deadlines.
- Self-starter capable of finding solutions with minimal supervision.
- Ability to interact with co-workers, tenants or vendors in an articulate, courteous and professional manner at all times.
- Leadership abilities.
- Ability to work under pressure, multitask and work independently, as well as part of a team.
- Adaptability to changing demands.
- Effective problem solving skills.
- Excellent communication skills, both written and oral, as well as interpersonal skills.
- Knowledge of JD Edwards accounting software desirable.
Physical Requirements:
- Involves work of a general office nature usually performed sitting such as operation of a computer.
- Involves work of a general office nature usually performed standing such as operation of a fax and printer.
- Involves movement between departments to facilitate work.
Internal and External Contacts:
- Regularly interfaces with Boston Properties employees, Property Managers, and tenants.
Reporting Structure:
- This position reports directly to the Senior Manager and VP, Regional Controller.
As a federal contractor and in observance of our company’s vaccination policy, Boston Properties is required to verify that all employees are fully vaccinated against COVID-19, therefore, all offers of employment are contingent on the candidate providing proof of being fully vaccinated against COVID-19. Individuals with medical conditions or sincerely held religious beliefs that prevent them from getting the vaccine can request an exemption from the vaccination requirement.