Accountant – Property Accounting

MCB Real Estate•Baltimore, MD

6d•Onsite

About The Position

MCB Real Estate (“MCB”) is a privately held, fully integrated national real estate development and investment company based in Baltimore, MD. As a vertically integrated company with internal development, construction, and commercial property management divisions, MCB is involved in all facets of the real estate investment cycle. MCB manages approximately $3bn of real estate assets on behalf of its primarily institutional investment base. MCB believes in merit-based employment decisions that provide equal access to all employees and applicants, including ensuring that this access prohibits unlawful discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws. Additionally, we are committed to fostering, cultivating, and preserving a workplace culture that respects each individual employee’s contribution to our workplace. We embrace and encourage our employees’ differences in age, color, disability, ethnicity, family or marital status, gender identity or expression, language, national origin, physical and mental ability, political affiliation, race, religion, sexual orientation, socio-economic status, veteran status, and other characteristics that make our employees unique. This employment practice applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training. JOB SUMMARY This position is responsible for the full range of accounting processes and financial reporting for a portfolio of commercial and development real estate assets. Will partner directly with the commercial property and asset managers. This position requires advanced knowledge of the Generally Accepted Accounting Principles ("GAAP") and hands-on experience working within an accrual based, monthly-close process, preparing journal entries and account reconciliations as well as identifying and improving monthly processes.

Requirements

Minimum Four (4) years of accounting experience in public accounting or, preferably, in commercial property or construction accounting
Microsoft Office software suite proficiency required, including advanced Excel use and user knowledge
Effective oral and written communication skills; excellent accuracy/proofreading and attention to detail in all work product
Proficiency and consistency with prioritizing workload, multi-tasking, working independently with minimal supervision and meeting work deadlines
Maintain highest standard of work ethics and trustworthiness
Bachelor’s Degree from an accredited institution with degree focus in accounting, finance, or business administration. Equivalent combination of education and years of business experience may be considered.

Nice To Haves

Working knowledge of MRI real estate software preferred

Responsibilities

Prepare and enter journal entries for fixed assets, accruals, deferred rent, prepayments, and other balance sheet accounts.
Assist in all aspects of month end close and close analysis.
Prepare P&L and Balance Sheet for senior management.
Review rent rolls, accounts receivable reports and other related reports. Ensure financial reports tie to general ledger.
Prepare Sales and Use Tax filings in accordance with filing authority instruction.
Process weekly full cycle Accounts Payable
Preparation of year-end schedules for auditors.
Cash management
Prepare bank account reconciliations
Monitor income and expenses to ensure compatibility with budgeted amounts.
Integrate acquisitions into accounting and reporting frameworks.
Calculate and reconcile monthly CAM charges, percent rent and management fees.
Prepare annual escalations and expense recovery adjustment billings.
Prepare monthly and annual financial statements and provide report to executive management
Prepare annual Budgets and Forecasts
Collaborate with the property & asset management team in preparation of the property operating budget, and reforecasts
Manage Construction & Capital Projects/Major Repairs accounting and reporting
Prepare loan draws and monitors funding and disbursements
Prepare ad hoc reports necessary for debt compliance and other matters as requested
Assist with coordination and preparation of tax returns
Research technical accounting issues
Set up new property records after purchase
Prepare due diligence materials as necessary
Scanning, data entry, cross-referencing, copying and retrieval