Senior Consultant, Property Accounting | Real Estate Solutions

FTI Consulting, Inc.•New York, NY

61d•$78,500 - $201,000•Hybrid

About The Position

We focus on our clients' strategic, operational, financial and capital needs by addressing the full spectrum of financial and transactional challenges faced by corporations, boards, private equity sponsors, creditor constituencies and other stakeholders. FTI Real Estate Solutions has a singular focus on the real estate and finance industry and the capital markets that serve it. Our services are designed to create integrated financial, tax and real estate solutions for clients having underlying value in real estate operations and assets. We provide an unsurpassed range of real estate advisory services including merger and acquisitions, due diligence, valuation, lease consulting, forensic accounting, financial outsourcing, IPO preparation, real estate and REIT tax structuring and compliance, executive compensation, master planning and development services, cost segregation and private client services. We represent leading public and private real estate entities including equity and mortgage REITs, financial institutions, investment banks, opportunity funds, insurance companies, hedge funds, pension advisors and owners/developers. We provide outsourced accounting services to both public and private companies, including REITs, mortgage finance companies, real estate private equity funds, developers and operators. The Property Accountant is responsible for providing timely and accurate property accounting services to our clients, managing client deadlines/expectations, and fostering a collaborative team environment

Requirements

Bachelor's or master's degree in accounting or finance
3+ year of post graduate work experience
Knowledge of property-level accounting
This role may require travel to clients and FTI offices
Applicants must be currently authorized to work in the United States on a full-time basis; the employer will not sponsor applicants for work visas

Nice To Haves

Experience reviewing property accounting monthly reporting packages
Strong analytical, problem-solving, and organizational skills with attention to detail
Proficiency in month/quarter/annual closings at the asset/property level for both US GAAP financial statements and preparation of related working papers or analyses
Strong proficiency in Excel
Ability to understand and communicate ideas clearly and effectively both verbally and in written communications
Ability to take responsibility for various aspects of projects as well as the ability to suggest improvements and enhancements

Responsibilities

Review/Prepare timely and accurate monthly property accounting financial reporting (including accruals, journal entries, monthly financial statements, working papers, variance explanations, compliance, as applicable)
Independently handle property accounting with varying levels of complexity
Manage/oversee cash transactions and review corresponding general ledger entries (e.g. accounts payable, cash receipts) for specific clients
Review/Analyze cash and distribute or request funds in accordance with client's policy taking into consideration critical payments such as property taxes, sales tax, utilities, loan payments
Oversee lease administration process and monthly billings
Review/Prepare monthly property reporting in compliance with required client accounting department property policies and procedures
Review/Prepare property analytical reports, as applicable
Correspond with Client Property Management and Asset Management departments surrounding property accounting matters, including the financial reporting
Communicate effectively and build partnerships with clients and colleagues
Review, complete and/or participate in the annual budget and re-forecasting processes for client assets
Review, complete and/or participate in the annual operating expense reconciliation process, as applicable
Review/Prepare pro-rations and support closing statements for acquisition or disposition of properties
Review/Prepare related tax work for properties and provide to the third-party tax preparer on a timely basis
Lead or contribute to ad hoc or special accounting projects such as implementation of accounting software, transaction or business process review, new client or property transitions, and other financial reporting and asset management reporting assistance
Provide formal supervision of direct reports within Property Accounting. Mentor, train and develop team members based on individual needs, provide ongoing performance feedback/support and complete performance evaluations per company guidelines
Support investment acquisition and disposition activities
Participate in client meetings and trainings as required
Ensure adherence to client's internal and external audit standards
Participate in client's external audit process
Liaise with clients and assist them on accounting and administrative issues and relevant developments

Benefits

Competitive total compensation, including bonus earning potential
Full package of benefits plans, including medical, dental, and vision coverage along with life and disability insurance
Generous paid time off and holidays
Company matched 401(k) retirement savings plan
Potential for flexible work arrangements
Generous paid parental leave with available planning tools, virtual expert coaching services and flex return support.
Family care benefits, including back-up child/elder care
Employee wellness platform
Employee recognition programs
Paid time off for volunteering in your community
Corporate matching for charitable donations most important to you
Make an impact in our communities through company sponsored pro bono work
Professional development and certification programs
Free in-office snacks and drinks
Free smartphone and cellular plan (if applicable)
FTI Perks & Discounts at retailers and businesses
Upscale offices close to public transportation