Client Accounting Manager

Position Summary

The Client Accounting Manager position is responsible for managing and monitoring the daily activities of assigned Client Accounting staff and ensuring that all Owner policies and procedures are consistently and accurately followed for the assigned properties. The Manager performs periodic reviews of reports, reconciliations, and other financial information to ensure accuracy and consistency. The Manager works with Property Management and Clients to ensure that all reporting deadlines are met.

The Manager will provide leadership in the knowledge, training, and utilization of the assigned real estate accounting software(s) (e.g., MRI, Yardi, rCash, etc.).

It is also the responsibility of the Client Accounting Manager to deliver the Transwestern Experience when interacting and communicating with tenants, owners, vendors and fellow team members.

• Direct and manage professional staff on a daily basis, must possess a thorough understanding of the job responsibilities of each staff member and be able to recommend necessary process changes and improvements.
• Screen, hire, supervise, mentor and train staff as required. This also may include initiating disciplinary actions, including terminations.
• Prepare and review monthly accounting calendars to ensure that client accounting staff is appropriately controlling project deadline flow, that all reporting deadlines, special payments (e.g., mortgages and taxes) and owner requirements are documented and met.
• Provide Treasury Management oversight, disbursement approvals and signatory on client bank accounts.
• Perform detailed review of financial reports, reconciliations and all financial information prepared by the accounting staff and/or the property management staff to ensure compliance with Owner Policies and Procedures and the Management Agreement.
• Prepare detailed checklists and other tools to ensure proper recording of financial transactions in accordance with all policies and procedures.
• Assist in the preparation of the annual budget with members of property management. Review the budget prepared by the property manager.
• Assist in the preparation of the actual settlement schedules. Review the calculations prepared by the property manager.
• Review and approve new vendors as well as changes to existing vendors. Activate new vendors in the accounting systems.
• Review and post tenant adjustments.
• Print and sign bank statements and provide to the bank reconciliation preparers. Review and approve bank reconciliations.
• Approve invoices in applicable payables systems.
• Maintain mortgage, property tax and sales tax tracking schedules to ensure all taxes are paid.
• Assist in the management of new project takeovers, coordinating the transition with accountants, clients, property management and Treasury.
• Provide guidance and training in the utilization of assigned real estate accounting software (MRI, Yardi, rCollect, P2P, Payscan, etc) as required.
• Provide oversight in maintaining, reviewing, and filing of all required accounting documentation into One Space. Train staff on the One Space accounting filing requirements as required.
• Communicate effectively with clients, internal and external auditors, tax preparers and team members as required.
• Perform or assume additional client accounting duties as assigned.

• A bachelor's degree with emphasis in accounting, finance or related field.
• A minimum of 5+ years of recent fee-based property management accounting experience preferred.
• A minimum of 3+ years of recent accounting department management experience.
• Advanced knowledge of financial terms and principles including knowledge of current accounting methods (cash and basic accruals). Ability to apply generally accepted accounting principles (GAAP).
• Advanced knowledge of the budget reporting requirements of each Owner and participate/assist in the preparation of the annual budget with members of property management.
• Advanced knowledge of the escalation and operating expense budgeting and settlement process, including the calculation of “gross-ups”, and participate/assist in the preparation of the actual settlement schedules.
• Advanced…