Property Accounting Manager

Centennial does not accept unsolicited resumes from third-party recruiters unless they were contractually engaged by Centennial to provide candidates for a specified opening. Any such employment agency, person or entity that submits an unsolicited resume does so with the acknowledgement and agreement that Centennial will have the right to hire that applicant at its discretion without any fee owed to the submitting employment agency, person or entity. At this time, we are not working with any agencies.

Applies principles of accounting to analyze financial information and prepare financial reports by performing the duties outlined below. Responsible for managing and overseeing a designated team of Property Accountants.

PRINCIPAL JOB ACTIVITIES:

• Produce financials and other owner’s reports for multiple retail properties.
• Produce annual budgets for multiple retail properties.
• Reconcile annual CAM, tax and insurance payments, and collection of same from tenants.
• Review General Ledger for proper coding of income / expenses.
• Perform balance sheet reconciliations.
• Prepare quarterly loan compliance.
• Maintain and reconcile fixed assets for assigned properties.
• Monitor tenant Accounts Receivable and work with Accounts Receivable staff to correct if needed.
• Understand and apply legal documents related to specific properties.
• Invoice properties for fees when needed.
• Prepare cash flow analysis when appropriate.
• Communicate with property owners, both verbal and written.
• Coordinate transition of financial management for new properties.
• Review property reports for data accuracy and request / make corrections as needed.
• Resolve outstanding Accounts Receivable issues with tenants.
• Review, approve, and update monthly scheduled charges.
• Create quarterly reforecasts including detailed variance explanations.
• Develop CAM, tax, and insurance estimates for upcoming year, update system, and ensure tenant compliance.
• Provide NPV analysis of leasing deals.
• Assemble documentation and field questions for both CAM and financial audits.
• Build recovery models and forecast revenue streams on new developments.
• Analyze work product for errors and reasonableness on all projects.
• Manage and direct an assigned team of Property Accountants.

REQUIREMENTS:

• Bachelor’s Degree in Business Administration with a major in Accounting.
• 5-7 years’ experience in real estate accounting or occupancy accounting in a retail environment.
• Proven experience providing direct supervision to a team of direct reports. Supervisory skills include interviewing and hiring selection, training and coaching, performance management, and oversight of daily responsibilities and workflows.
• Detail oriented with strong organizational skills.
• Ability to detect and avoid errors.
• Knowledge of technical and professional principles and skills of accounting.
• Strong analytical thinking.
• Excellent written and oral communication skills.
• Ability to effectively handle multiple tasks simultaneously in a fast-paced and growing organization.
• Exhibits high motivation and a willingness to do whatever it takes to get the job done.
• Proficient in Microsoft Office Suite.
• Advanced Microsoft Excel skills a must. Must be able to create and manage complex spreadsheets, perform advanced functions, utilize formulas, etc.
• MRI and Yardi software experience preferred.

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.

• Work is performed in an office environment and requires the ability to operate standard office equipment including computer, scanner, printer, and keyboard/mouse.
• While performing the duties of this job, the employee is regularly required to sit, speak, and hear. The employee is regularly required to sit.
• The worker is required to have close visual acuity to perform an activity such as: preparing and analyzing data and figures; transcribing; viewing a computer terminal and expansive reading.

EQUAL OPPORTUNITY EMPLOYER:

Centennial ensures equal employment opportunities regardless of race, creed, gender, color, national origin, religion, age, sexual orientation, or disability.

 

Centennial is a retail real estate owner and operator with a national portfolio of shopping, dining, entertainment and mixed-use destinations as well as a full-service