The Director, Property Accounting will be responsible for overseeing all facets of retail real estate accounting within Caruso. This role requires the capacity to work independently while also collaborating seamlessly within a team environment. The position entails comprehensive leadership in property accounting, ensuring accurate financial reporting, meticulous rent management, and effective collaboration with tenants and affiliated companies. The person will play a key role in maintaining financial integrity and compliance while contributing to the strategic financial goals of the organization.
ESSENTIAL FUNCTIONS
Prepare and review financial statements for multiple properties
Manage month-end and year-end closing functions
Prepare budgets, forecasts, and variance analysis
Prepare and review CAM (Common Area Maintenance) reconciliations, estimations, budgets and forecasts
Maintain support for property balance sheet and income statement accounts for assigned properties
Work independently when required, while seamlessly integrating into a collaborative team environment
Generate CPI or fixed rent increase letters and rent commencement letters
Review monthly sales reports and calculate/bill percentage rent
Enter and maintain tenant data in accounting and budgeting/forecasting systems
Interface with tenants to address collections and billing issues
Review and enter A/R adjustments and miscellaneous invoicing
MINIMUM REQUIRED QUALIFICATIONS
Proficiency in accounting software and financial management systems
Advanced knowledge of MS Excel and other relevant software tools
Familiarity with CAM (Common Area Maintenance) reconciliation processes
Strong understanding of real estate accounting principles
Excellent verbal and written communication skills
Strong analytical and problem-solving skills
Ability to communicate complex financial information to diverse stakeholders
Exceptional attention to detail and accuracy in financial reporting
Minimum of 7 years of experience in accounting, finance or related field
Caruso is an equal opportunity employer. We celebrate a diverse and inclusive workforce that reflects the communities we serve. We believe that diversity of thought, background, and experience makes us stronger and more innovative. We do not discriminate against any employee or applicant for employment and comply with all applicable laws providing equal employment opportunities. We foster a workplace where everyone feels welcome, respected, and valued. We are committed to creating a workplace where everyone can thrive.
