Associate Director, Corporate Accounting

Tishman Speyer creates vibrant destinations and dynamic environments that inspire innovation and connected communities.  As a diversified developer, operator, and investment manager of top-tier real estate in 33 markets across the globe, our business choices are driven by the belief that real estate should unlock human potential. Tishman Speyer’s diversified portfolio spans market rate and affordable residential communities, premier office properties and retail spaces, industrial facilities, and mixed-use campuses. We create state-of-the-art life science centers through our Breakthrough Properties joint venture, and foster innovation through our strategic proptech investments. By combining global perspective with local expertise, and a personalized approach, we are able to anticipate our customers’ evolving needs. We were the first real estate company to introduce asset-wide amenity services through our ZO platform, and the first traditional real estate company to create its own flexible space and coworking brand, Studio. 

Since our founding in 1978, Tishman Speyer has acquired, developed, and operated 522 properties, totaling 218 million square feet, with a combined value of over $129 billion (U.S.). Tishman Speyer currently has approximately $68 billion in assets under management, including iconic properties such as Rockefeller Center in New York City, The Springs in Shanghai, TaunusTurm in Frankfurt, and Mission Rock in San Francisco.

Summary of the Position:

The Associate Director will be responsible for managing the local accounting team and acting as a liaison between the US and global regional accounting teams. This role will also collaborate with and interact with the Financial Planning & Analysis (FP&A) team. The current structure of the group considers two Associate Director positions which will divide the responsibilities outlined.

Key Responsibilities:

Manage and supervise daily and monthly process:

• Manage monthly close procedures which include preparation and review of account reconciliations as well as providing accounting support for global subsidiaries.

• Work closely with FP&A team reviewing budget to actual variances on significant GL accounts and providing commentary to upper management.

• Work closely with fund and property controllers overseeing corporate recharge and ensuring timely reimbursement

• Work with Tax department and Family Office, as well as external advisors to ensure all regulations are appropriately reflected when preparing financial statements.

• Oversee third party invoicing process and requests initiated by CBRE and other third-party providers for recharge corrections

• Daily cash management, review of monthly bank reconciliations which includes the journal entries to post all cash receipts to the accounting system, for all corporate accounts

• Ensure clearing accounts are reconciled to zero

• Oversee expense accruals, fee accruals (non automated) & cash adjustments

• Review intercompany reconciliations with TS foreign subsidiaries, including FX translation adjustments.

• Review and approve payments, which includes the journal entries required to post such payments to the accounting system.

• Review lender draw requests

• Review ad hoc reports, as required by FP&A, for inclusion in the monthly management report

On a quarterly basis:

• Prepare FTC model, including state apportionment and ad hoc expense analysis, as needed and requested by external tax advisors to facilitate preparation of quarterly tax estimates and annual tax liabilities.

• Confirm intercompany balances and coordinate intercompany loan payments

• Collaborate with FP&A team as part of the quarterly budgeting/reforecast process with respect to accounting related costs.

• Review quarterly lender reporting requirements

On an annual basis:

• Review lead schedules, in addition to a standard workpaper package and any special financial analysis for each corporate entity (management company and/or related general partner companies)

• Review regional tax templates & prepare consolidated TSP template

• Work closely with global corporate controllers on balance sheet and P&L intercompany eliminations.

• Prepare annual financial statement, which includes combined statement of assets, liabilities, and partners’ capital, statement of revenues and expenses, statement of changes in partner’s capital and statement of cash flows, on a federal income tax basis, complete with notes and footnote support.

• Responsible for preparation of sp