Director of Accounting - Industrial Properties
Lightstone
South Lakewood, NJ
Salary Estimate: $200,000.00 - $224,999.00
Employment Type: Full Time
Work Place: Office
Experience Required: 10+ to 15 years
Education Required: 4 Year College
Benefits
Job Description
- Manage day-to-day activities of accounting staff. Instruct, train and develop personnel.
- Support Asset Management team in analyzing lease terms.
- Participate in the preparation/review of lease abstracts for tenant leases.
- Review and approve set-up of all new leases and amendments/renewals to existing leases.
- Assist in “audits” of leases to ensure accurate billing.
- Oversee and assist in the maintenance of rent rolls and forecasting future income.
- Track and monitor lease expirations and communicate status with Asset Management team.
- Participate in the review/preparation of billings for reimbursable expenses and related year-end “true ups.”
- Support Asset Management team in budgeting and tracking of tenant refurbishments and improvements, including monitoring deadlines and any landlord obligations for such items.
- Participate in the review/preparation of annual budgets and periodic forecasts.
- Participate in quarterly reviews and annual audits as required.
- Review, evaluate and document internal controls over processing of accounting transactions.
- Participate in the processing of real estate tax payments and sales & use tax returns and oversee regulatory agency audits.
- Oversee and assist with providing information for all U.S. Federal and State income tax filings.
- Support and liaise with other Accounting personnel, Property Managers, Asset Managers, Joint Venture Partners and Executive team.
- Other duties and responsibilities, including special projects as assigned.
- Minimum of 7 years of progressive experience in commercial property accounting, including industrial properties.
- Bachelor degree or equivalent in accounting, finance, business or similar field.
- Public accounting experience and/or CPA designation preferred.
- Substantial managerial/supervisory experience.
- Excellent computer skills, including advanced proficiency in MS Office applications, particularly Excel.
- Extensive experience with MRI, Yardi and/or other real estate accounting software systems.
- Experience with reading and abstracting commercial lease documents.
- Well-organized with the ability to excel in a dynamic work environment.
- Strong work ethic with the ability to work independently and manage a team.
- Ability to multi-task and manage a challenging workload while consistently meeting deadlines.
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