Property Accounting Manager in Burlington, Massachusetts

Property Accounting Manager

Company Linear Retail Properties is a leading acquirer, owner and operator of retail properties in New England with a focus on eastern Massachusetts, southern New Hampshire and eastern Rhode Island. Linear owns 67 retail properties including convenience-oriented strip shopping centers, specialty storefront retail in select downtown neighborhoods, smaller, well-located centers in dominant retail destination corridors, net leased single tenant retail properties and urban retail condominiums.

Property accounting is outsourced to a third-party property manager. The company is backed by a multi-billion-dollar investor which has invested in Linear Retail for 20+ years. As such, capital formation is extremely stable.

Summary We are seeking a Property Accounting Manager to join our company. The position reports to the Senior Vice President of Accounting & Finance and oversees the day-to-day property accounting at Linear Retail. This is an excellent opportunity for a strong accounting professional to gain experience in a variety of accounting and finance areas. We are looking for a professional, collaborative team player with a strong work ethic and sense of ownership to join our organization.

Linear's culture is entrepreneurial, and the successful candidate should be able to think on their feet, be adaptable, and be able to work with all areas of the company.

This is an excellent opportunity for someone with the desire and career aspirations to work hand-in-hand with the leader of Finance & Accounting, other senior company leaders and our third-party property manager. This is more than a traditional property accounting position.

Responsibilities We are searching for an individual who possesses a sharp attention to detail, organizational skills, impeccable integrity, and the highest standards. The primary job responsibilities are as follows:

• Property Accounting:
• Oversee, coordinate and collaborate with third-party property manager's accounting team.
• Review and analyze monthly property financial statements, including all supporting schedules and work papers.
• Perform higher level risk-based review (on a monthly/quarterly basis).
• Assist with portfolio treasury activities, cash management, and analysis of ongoing cash positions.
• Ensure accuracy of property rent rolls, financial reports, budgets, and reforecasts.
• Oversee capital project requisition process and review deliverables.
• Assist with the administration of accounting and accounts payable software.
• Oversee lease abstract review and accounting software integration process.
• Manage and review accounting for property transactions including onboarding of property acquisitions, dispositions and debt financings.

Financial Reporting and Compliance:

• Assist Corporate Accounting Team with monthly closing process including the consolidation of property activities.
• Assist with property level information included in the quarterly report to capital partners.
• Oversight and preparation of annual financial audit request items.
• Prepare annual tax compliance request list items.
• Prepare & provide biennial internal audit request items.
• Special projects, as needed.

Process Improvement and Internal Controls:

• Proactively monitor compliance with internal controls, policies & procedures.
• Identify opportunities to streamline financial processes, enhance efficiency, and improve overall property performance.

Other:

• Assist with accounting system upgrades and implementation of new modules.
• Oversee other process automation projects.

Requirements:

• Bachelor of Science (B.S.) in Accounting or equivalent is required.
• 5-10 years of commercial real estate industry experience preferred.
• Experience managing property accounting teams and third-party property managers.
• Experience with effectively managing accounting systems implementation projects.
• Adept in the use of MRI (strongly preferred), Yardi or other real estate industry standard accounting software platforms.
• Proficient in Excel and other Microsoft Office suite products.
• Experience in, and strong understanding of, internal controls.
• Excellent organizational, problem-solving, and communication skills.
• Collaborative, team player with a strong work ethic.

Benefits:

• Highly competitive compensation and benefit package.
• Hybrid work schedule. In office Mondays, Tuesdays and Thursdays.
• 401(k) with match.
• Medical, Dental and Vision insurance.
• Health Savings Account (HSA).
• Paid time off.