Senior Associate, Property Accounting

Ares Operations•Denver, CO

About The Position

The Senior Associate, Property Accounting will be an integral member of the Property Accounting Team, responsible for day-to-day property accounting functions and for overseeing and mentoring junior team members. The role maintains accounting books and records for a property portfolio, manages tenant billing and collections, accounts payable, and monthly close, and prepares CAM reconciliations, portfolio analytics, operating budgets, and property reports. It also reviews lease agreements and loan agreements for billing, compliance, and reporting needs, communicates results to Asset Management and Finance, and assists with external reporting, audits, tax coordination, and construction management activities. The ideal candidate is enthusiastic, detail-oriented, analytical, and comfortable managing multiple priorities in a team-oriented, high-volume environment. The position requires independent judgment, problem-solving, initiative, and the ability to meet challenging deadlines.

Requirements

Bachelor’s degree in Accounting or Finance and 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 multi-task in a highly dynamic environment and meet challenging deadlines.
Ability to self-manage, exercise professional and technical judgment independently, solve problems, and take initiative.
Aptitude for 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 property lease agreements 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 for 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 job completion, approving invoices and job set-up, job close-out, and coordinating with the development team on draw requests.