Manager, Client Accounting Services-Real Estate

📋 Description

• • As a Manager, Client Accounting Services within Baker Tilly's outsourced client accounting practice, you will play a pivotal role in delivering exceptional financial reporting and accounting services to a diverse portfolio of real estate clients across the nation. Operating in a dynamic, cloud-based environment, you will collaborate with a team of dedicated professionals, providing specialized property accounting services that are crucial to our clients' business success. This is an exciting opportunity to join a rapidly expanding team that offers a rich variety of client work, fostering continuous skill development, and a structured schedule designed to promote a healthy work-life balance.
• • Your primary responsibility will be to serve as the key client liaison, overseeing and meticulously reviewing the work performed by property accountants to ensure the highest standards of outsourced real estate accounting services. You will be instrumental in managing the entire monthly financial statement closing and reporting process, ensuring its timely delivery, completeness, and overall quality assurance for ownership and joint venture partners.
• • Key duties within the monthly reporting cycle include, but are not limited to, the comprehensive maintenance, thorough review, detailed analysis, and accurate reconciliation of balance sheet and income statement general ledger accounts for all assigned properties. You will meticulously review all end-of-month journal entries for every material financial statement line item, ensuring accuracy and compliance.
• • A significant aspect of your role will involve reviewing workpapers for both property-level and joint-venture financial statements, which will be prepared by the property accountants. You will also collaborate closely with the property management team to review the accrual worksheet for accurate inclusion in the general ledger and partner with them to prepare insightful monthly variance analyses.
• • Furthermore, you will oversee the review of the fixed asset schedule, including the accounting for additions and dispositions, the calculation and recording of depreciation, and the preparation of roll-forward schedules. Your responsibilities extend to reviewing expense reimbursements, whether through intercompany payables or internal transfers, and meticulously reviewing management fee calculations.
• • You will also be responsible for reviewing roll-forward equity schedules for ownership and reviewing debt compliance reports for ownership. The review of periodic distribution calculations and journal entries related to significant transactions, such as acquisitions, dispositions, and financings, will also fall under your purview.
• • Beyond the monthly cycle, you will provide crucial support for annual financial statement audits and the preparation of income tax returns. This includes collaborating effectively with third-party accounting firms to furnish external audit and income tax support.
• • Your role will encompass reviewing the annual budgets for assigned properties and conducting annual reviews of real estate and common area maintenance (CAM) "true-ups." You will also review the setup of all new leases and renewals within the property management software, ensuring data integrity and accuracy from the outset.
• • You will lead and strategically plan client engagements, offering valuable recommendations for improvements in reporting and budgeting processes that align with the client’s operations, processes, and overarching business objectives. Ensuring seamless interaction and maintaining outstanding communication with the property management team is paramount.
• • You will act as a proactive liaison to address and resolve client issues, and you will assist team leaders in researching and identifying opportunities to provide additional services to clients, thereby fostering client growth and satisfaction.
• • An important part of your role will be to evaluate existing processes and procedures within the client services and implementation functions, with a strong emphasis on identifying and implementing efficiencies and flagging any internal control issues. You will also assist in ad-hoc projects and activities designed to foster the growth and adoption of best practices within the business unit, contributing to the overall success and development of the team and the firm.