Description
Four dynamic, integrated companies make up the Transwestern enterprise, giving us the perspective to think broadly, deeply and creatively about commercial real estate. Clients and investors rely on us for expertise that spans institutional and opportunistic investment, development, hospitality, and brokerage and asset services. Our award-winning, collaborative culture empowers team members with resources and independence to work across boundaries in pursuit of innovative solutions, reinforcing a reputation for service excellence that translates to measurable results. Through offices nationwide and alliance partners around the globe, we positively impact the built environment and our communities while fostering a work climate that champions career vitality for all. Learn more at transwestern.com and @Transwestern.
Part of the Transwestern companies, Transwestern Real Estate Services (TRS) strives to add value for investors, owners, and occupiers across all commercial property types. Fueled by a holistic perspective of the real estate life cycle, agility and creativity are hallmarks of our approach, while vast national resources and sound market intelligence underpin customized recommendations and property solutions.
Transwestern is built on a common purpose - Empowering Good People to do Extraordinary Things Together. We are committed to the hiring of smart, passionate, hard-working people who understand the benefits of both collaboration and independence.
POSITION SUMMARY:
The Client Accounting Controller position provides leadership, oversight, training and grooming of the assigned client accounting team. The Controller is responsible for directing and monitoring daily activities of the team and has ultimate financial responsibility in ensuring that all Owner policies and procedures are consistently and accurately followed for the assigned properties. The Controller performs periodic reviews to ensure accuracy, consistency and adherence to the Management/Leasing Agreements and SOC1 controls. The Controller works with Property Management and Clients to ensure that all reporting deadlines are met.
It is also the responsibility of the Client Accounting Controller to deliver the Transwestern Experience when interacting and communicating with tenants, owners, vendors and fellow team members.
ESSENTIAL JOB FUNCTIONS
Direct and manage professional staff daily. Responsible for staff organization, as well as, screening, hiring, supervising, mentoring and training staff as needed. This may include initiating disciplinary actions, including terminations.
Continually evaluate efficiencies and effectiveness of the client accounting function, processes, policy and look for ways to improve. Work with Property Management team leaders to identify room for improvement in the teams working relationship and communication process.
Provide Treasury Management oversight, disbursement approvals and signatory on client bank accounts.
Review/Audit monthly accounting calendars to ensure that 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. Perform on-going audit reviews 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. Ultimately responsible for the accuracy of the financial statements.
Frequent communication with the Owner Representative(s). Participate/organize client communication calls as needed.
Lead transitions to and from Transwestern. Supervision of new project takeovers and appropriate due diligence, coordinating the same with members of property management to ensure that all Owner/Client requirements are documented and met.
Communicate effectively with internal and external auditors, tax preparers and team members as required.
Additional client accounting duties as assigned.
POSITION REQUIREMENTS
A bachelor's degree with emphasis in accounting, finance or related field.
A minimum of 7+ 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 accrual). 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.
Extensive knowledge of the budgeting and settlement process for escalation and operating expense, including the calculation of "gross-ups," CAPs, as well as assisting in the preparation of the reconciliation schedules.
Ability to implement Transwestern internal controls, supervise, review and train, as needed.
A strong understanding of accounting best practices is essential.
Must be able to familiarize oneself with Owner Policies and Procedures, and be capable of preparing detailed checklists and using other accounting tools to ensure proper recording of financial transactions in accordance with all policies and procedures.
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, workload(s).
Ability to provide direction and effectively manage objectives of the client accounting team.
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.
Salary Range: $140,000 - $150,000
WORK SHIFT:
LOCATION:
Bethesda, MDABOUT US
Transwestern's Guiding Principles are woven into the fabric of our firm and underscore the value of each individual team member. We embrace inclusion – not only as the right thing to do, but as a reflection of who we are. It is our responsibility and heartfelt desire to create an environment that elevates the human spirit and brings out the best in everyone.
Different backgrounds, life experiences and cultures shape our individual perspectives and ultimately generate the best results for our clients. Strategic human capital planning combined with development initiatives foster a work environment that celebrates uniqueness and champions the achievements attained through collaboration.
Please note that all candidates selected for an offer of employment are subject to pre-employment background checks, which may include but are not limited to, based on the role for which they have been selected: criminal history, education verification, social media review, motor vehicle records, credit history, and professional license verification. In addition, your employment with Transwestern is subject to successfully passing a drug screen check prior to your starting with the Company along with satisfactory references.
We understand you have a choice when choosing where to work and pursue a career. We understand you are unique and have your story. We want to hear it. We encourage you to apply today so that you may become a part of the Transwestern story.
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