Senior Associate, Property Accounting

Ares Management Corporation•Denver, CO

5d•$90,000 - $120,000

About The Position

The Senior Accountant, Property will be an integral part of the Property Accounting Team, responsible for day-to-day property accounting functions and overseeing and mentoring junior team members. The role requires an enthusiastic, detail-oriented professional who is comfortable in a team-oriented, high-volume environment, can multitask, and applies critical thinking to ensure key processes are completed effectively and efficiently.

Requirements

Bachelor’s degree in Accounting or Finance, with a strong undergraduate academic record.
Knowledge of accounting sufficient to record entries, analyze and interpret information, and draw conclusions from varying facts and circumstances.
Strong analytical and communication skills.
Ability to multitask in a dynamic environment and meet challenging deadlines.
Ability to self-manage, exercise professional and technical judgment independently, solve problems, and take initiative.
Aptitude with Microsoft Office applications, including strong Excel skills.

Nice To Haves

Three or more years of relevant experience in a high-volume environment.
Experience with Yardi and Avid.

Responsibilities

Maintain and oversee the accounting books and records of a property portfolio in accordance with policies and procedures.
Manage and accurately record tenant billing and collections, accounts payable, and the monthly closing process.
Review and prepare yearly CAM reconciliations.
Prepare monthly and quarterly portfolio-wide analytics.
Analyze lease agreements for each property to ensure appropriate billing and compliance.
Oversee and manage one or more Property Accountants, supporting and mentoring them in their roles and responsibilities.
Review monthly property reports, analyze fluctuations and budget-to-actual variances, and reconcile account balances to supporting documentation and business activity.
Communicate monthly results to Asset Management and Finance Departments.
Prepare and review annual operating budgets for the property portfolio, coordinating with Asset Management, Finance, and property management teams to obtain approval.
Assist the external reporting team with preparing and reviewing reports filed with the Securities and Exchange Commission and the Internal Revenue Service, coordinating with auditors and tax teams.
Analyze loan agreements and coordinate with the Finance Department to manage compliance.
Assist with construction management, including monitoring jobs for completion, approving invoices and job set-up, job close-out, and coordinating with the development team on draw requests.