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Accounting Manager I

B. F. Saul Company

Job Overview

Location

Los Angeles, Maryland, USA

Job Type

Full-time

Full Job Description

📋 Description

• Lead the heartbeat of Saul Centers’ financial operations as Accounting Manager I, guiding a nimble three-person team that touches every dollar that flows in and out of our 9.8 million-square-foot portfolio of 61 premier shopping centers and office properties across the Mid-Atlantic. You will own the full accounts payable and accounts receivable life-cycle, ensuring that 1,000+ vendor invoices and thousands of tenant payments are processed accurately and on time each month.
• Coach and mentor your direct reports—an Accounts Payable Specialist, an Accounts Receivable Specialist, and a Property Administrator—through daily huddles, weekly staff meetings, and quarterly development plans. Build a culture of cross-training so the department never misses a beat during vacations, system upgrades, or audit crunch time.
• Safeguard internal controls and SOX compliance by documenting every workflow, approval matrix, and segregation-of-duty checkpoint. Partner with Internal Audit and External Audit teams to deliver clean opinions year after year, turning audit requests around in 24 hours or less.
• Review monthly property operating statements for every asset in the portfolio, scrutinizing tax-recovery accruals, CAM reconciliations, utility expense allocations, and percentage-rent calculations. Flag anomalies early and recommend corrective journal entries that protect NOI and investor distributions.
• Drive continuous improvement in electronic-payment adoption, ACH enrollment, and positive-pay fraud prevention. Work hand-in-hand with Treasury to reduce paper checks by 50 % within your first 12 months, saving the company six figures in bank fees and lost discounts.
• Serve as the escalation point for tenant inquiries on past-due balances, security-deposit applications, and year-end expense-recovery billings. Translate complex lease language into clear, concise emails that preserve landlord-tenant relationships and accelerate cash collections.
• Prepare and review annual expense-recovery billings to tenants, ensuring that gross-ups, caps, and base-year calculations comply with each lease. Deliver audit-ready supporting schedules that reconcile to the general ledger down to the penny.
• Back up the lease-abstraction and rent-roll processes during peak periods, stepping in to abstract new leases, amendments, and renewals when the Lease Analyst team is at capacity. Your accuracy here directly drives straight-line rent, percentage-rent, and CPI adjustments.
• Collaborate with Property Management, Leasing, and Construction teams to validate that tenant improvement allowances, capital expenditures, and reimbursable costs are properly coded and recoverable. Your insights will influence annual budgeting and five-year capital plans.
• Execute special projects at the direction of the Controller and Assistant Controller—whether it’s implementing Yardi enhancements, automating CAM-reconciliation templates, or modeling the financial impact of a new green-energy initiative across the portfolio.
• Champion a “Can-Do” culture that balances rigorous accuracy with energetic problem-solving. When the month-end clock is ticking, your team looks to you for calm leadership, clear priorities, and the occasional late-night pizza run.

🎯 Requirements

• 5–7 years of progressive accounting experience, with at least 2 years in real estate or REIT environments
• Bachelor’s degree in Accounting; CPA or active CPA candidacy strongly preferred
• Prior supervisory or team-lead experience with direct reports
• Advanced Excel skills (pivot tables, Power Query, complex nested formulas) and hands-on experience with Yardi Voyager 7S or later

🏖️ Benefits

• Comprehensive medical, dental, and vision insurance with domestic-partner coverage
• 401(k) with dollar-for-dollar company match up to 6 % and immediate vesting
• Annual performance bonus targeted at 10–15 % of base salary plus spot recognition awards
• 18 days PTO to start, 12 paid holidays, and tuition reimbursement up to $5,250 per year

Skills & Technologies

Onsite

Degree Required

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B. F. Saul Company

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About B. F. Saul Company

B. F. Saul Company is a privately held real estate investment, development, and management firm founded in 1892 and headquartered in Bethesda, Maryland. The company owns and operates a diversified portfolio of hotels, office, retail, residential, and mixed-use assets concentrated in the Washington, D.C. metropolitan area and select national markets. It also provides third-party property management and construction services through wholly owned affiliates. Long-term ownership, hands-on asset management, and conservative capital structures characterize its investment philosophy across more than 25 million square feet of commercial and residential space.

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