Transwestern Job - 39202835 | CareerArc
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Company: Transwestern
Location: Bethesda, MD
Career Level: Mid-Senior Level
Industries: Construction, Housing, Real Estate

Description

Job Description

The Transwestern companies together comprise a privately held, diversified real estate services, investment management and development organization.

A unique approach underlies our success. We do business differently by empowering our team members with the resources and independence to deliver extraordinary results to our clients. It's simple. We start with hiring hard-working, smart, genuinely good people, and organize them in collaborative cross-functional teams. We give them the support to outperform and the freedom to take ownership as they work to exceed our clients' expectations. We do business differently, and that makes us Transwestern.

The Client Accounting Manager position is responsible for managing and monitoring the daily activities of assigned Client Accounting staff and ensuring that all Owner policies and procedures are consistently and accurately followed for the assigned properties. The Manager performs periodic reviews of reports, reconciliations, and other financial information to ensure accuracy and consistency. The Manager works with Property Management and Clients to ensure that all reporting deadlines are met. The Manager will provide leadership in the knowledge, training, and utilization of the assigned real estate accounting software(s) (e.g., MRI, Yardi, , etc.).

It is also the responsibility of the Client Accounting Manager to deliver the Transwestern Experience when interacting and communicating with tenants, owners, vendors and fellow team members.

RESPONSIBILITIES

  • Direct and manage professional staff on a daily basis, must possess a thorough understanding of the job responsibilities of each staff member and be able to recommend necessary process changes and improvements.

  • Screen, hire, supervise, mentor and train staff as required. This also may include initiating disciplinary actions, including terminations. 

  • Prepare and review monthly accounting calendars to ensure that client accounting staff is appropriately controlling project deadline flow, that all reporting deadlines, special payments (e.g., mortgages and taxes) and owner requirements are documented and met.

  • Provide Treasury Management oversight, disbursement approvals and signatory on client bank accounts.

  • Perform detailed review of financial reports, reconciliations and all financial information prepared by the accounting staff and/or the property management staff to ensure compliance with Owner Policies and Procedures and the Management Agreement.

  • Prepare detailed checklists and other tools to ensure proper recording of financial transactions in accordance with all policies and procedures.

  • Assist in the preparation of the annual budget with members of property management. Review the budget prepared by the property manager.

  • Understand the escalation and operating expense budgeting and settlement process, including the calculation of “gross-ups”, and participate in the preparation of the actual settlement schedules; typically this involves analytically reviewing the calculations prepared by the project accountant.

  • Processing of certain large or infrequent disbursements, e.g., typically the approval of wire transfers to Owners or other third parties.

  • Assist in the preparation of the actual settlement schedules. Review the calculations prepared by the property manager.

  • Review and approve new vendors as well as changes to existing vendors.  Activate new vendors in the accounting systems.

  • Review and post tenant adjustments.

  • Print and sign bank statements and provide to the bank reconciliation preparers. Review and approve bank reconciliations.

  • Approve invoices in applicable payables systems.

  • Maintain mortgage, property tax and sales tax tracking schedules to ensure all taxes are paid.

  • Assist in the management of new project takeovers, coordinating the transition with accountants, clients, property management and Treasury.

  • Provide guidance and training in the utilization of assigned real estate accounting software (MRI, Yardi, P2P, Payscan, etc) as required.

  • Provide oversight in maintaining, reviewing, and filing of all required accounting documentation into OneSpace. Train staff on the OneSpace accounting filing requirements as required.

  • Communicate effectively with clients, internal and external auditors, tax preparers and team members as required.

  • Interface and effectively communicate with other fellow TW Team Members not only in the accounting and property management departments, but also with leasing, information technology, TW Corporate Accounting, etc

  • Perform or assume additional client accounting duties as assigned. 

POSITION REQUIREMENTS

  • A bachelor's degree with emphasis in accounting, finance or related field.

  • A minimum of 5+ years of recent fee-based property management accounting experience preferred.

  • A minimum of 3+ years of recent accounting department management experience.

  • Advanced knowledge of financial terms and principles including knowledge of current accounting methods (cash and basic accruals). Ability to apply generally accepted accounting principles (GAAP).

  • Advanced knowledge of the budget reporting requirements of each Owner and participate/assist in the preparation of the annual budget with members of property management.

  • Advanced knowledge of the escalation and operating expense budgeting and settlement process, including the calculation of “gross-ups”, and participate/assist in the preparation of the actual settlement schedules.

  • Advanced knowledge of Transwestern internal controls and ability to supervise, review and train as needed.

  • Applicable experience in real estate accounting software packages, preferably with MRI and/or Yardi.

  • Advanced proficiency with Microsoft Word, Excel, and Adobe.

  • Demonstrate strong analytical capabilities with a high attention to detail.

  • Ability to handle multiple projects, changing priorities and demanding, time-sensitive, work load(s).

  • Ability to provide general direction/be self-managed/work independently.

  • Ability to provide efficient, timely, reliable and courteous service to internal and external customers.

  • Ability to keep information and internal communications confidential.

  • Exhibit excellent verbal and written communication skills.

  • Must be able to remain in a stationary position 50% or more of the time/constantly operate a computer and other office productivity machinery (ex. a calculator, copy machine, computer printer) or, by request, be provided reasonable accommodations to perform the essential functions of the position.

  • Travel may be required.

       

WORK SHIFT

   

LOCATION

Bethesda, MD

APPLY TODAY to be a part of an energetic and motivated team of professionals!

Transwestern offers an exciting work environment, competitive salary and excellent benefits, which include medical, dental and vision coverage, as well as a 401(K) plan. Transwestern is an equal opportunity employer. No agencies or phone calls please.


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