Financial Manager, Property Management

Company Description

ABOUT STREAM REALTY PARTNERS 

Founded in 1996, Stream Realty Partners (Stream) began with a vision. Not one focused on bricks and mortar, but with people at its foundation. Headquartered in Dallas, TX and operating in core markets coast to coast, we complete billions in annual transactions in office, industrial, retail, healthcare, land, and data center properties. With millions of square feet of assignments, Stream is one of the fastest-growing, full-service commercial real estate services organizations in the country. Our team of talented individuals have come together to create our distinct culture, best summarized by our firm’s core values: smart, honest, nice, and passionate. For more information, visit www.streamrealty.com and follow Stream on LinkedIn, Instagram, X and Facebook. 

IMMEDIATE IMPACT. MEANINGFUL CAREER. 

At Stream, we know our success begins and ends with our people. It is the reason we work hard to attract and retain the best and brightest talent. From day one, you will be an integral member of our high-caliber, collaborative team. We will empower you to apply your energy, expertise, and creativity to meet our client’s needs while instilling you with unsurpassed market knowledge and development opportunities to succeed. When you join Stream, you won’t simply start a new job—you will build a meaningful and impactful career. 

Job Description

POSITION OVERVIEW

The Financial Manager position provides support to the Property Management team and acts as a liaison between Corporate Accounting and local Property Management teams. Day-to-day activities include monitoring the financial performance of the assets, budgeting, forecasting, and reporting. Depending upon the portfolio needs, this position may have supervisory responsibility.

RESPONSIBILITIES

• Review and approve monthly accruals, AR reviews, CAPEX Distributions, AR batches, monthly rent-ups, and commercial billings.
• Review and approve lease abstracts/profiles and enter OPEX recovery set ups in accounting system-Lease Administration
• Review and finalize monthly variance reports and rent roll reconciliation.
• Review GL for consistency and accuracy and submit reclass entries.
• Review and reconcile tenant security deposit ledgers.
• Address CAM reconciliation inquiries from tenants
• Overseeing process for tenant audits.
• Assist with annual budgets, reforecasts and OPE reconciliations.
• Address client questions concerning budgets, financials, CAM recoveries and provide custom reports as per client requests.
• Prepare complex tenant account ledger reconciliations to assist the property management team in collection efforts.  
• Provide back-up support to Property Manager for invoice approvals.
• Coordinate and assist Accountants in final settlements with Seller/Buyer in property transitions.
• Research and handle accounting related issues/questions from internal Accountants as well as Clients         
• Follow and ensure team SOC I compliance for applicable assets.
• Provide accounting software related mentoring, training, and support to the Property Management team.
• Special Projects/Tasks: may be assigned to assist with special projects for the assigned portfolio.
• Problem Solving: Complex items are handled with supervision/guidance (Ex. TI Overages, Complex Termination Fee calculations, complicated billbacks, etc.).
• Ownership: Be proactive throughout the month; ensure that any unique transactions/situations on your team are resolved throughout the month. Ensure that all internal/external deadlines are being met by team members that you supervise.
• Teamwork: helps solve problems, finds efficiencies, shares knowledge, and actively seeks opportunities