Description
Transwestern Real Estate Services adds value for investors, owners and occupiers of all commercial property types through comprehensive solutions grounded in sound market intelligence. Part of the Transwestern companies, the firm applies a consultative approach to Agency Leasing, Asset Services, Tenant Advisory + Workplace Solutions, Capital Markets and Research & Investment Analytics.
Our firm's award-winning culture and reputation for exceptional service are built on a common purpose – Empowering Good People to do Extraordinary Things Together. This unique approach, reinforced by the hiring of smart, passionate, hard-working people who understand the benefits of both collaboration and independence, create value for our team members and clients every day.
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.
ESSENTIAL JOB FUNCTIONS
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 OneSpace. Train staff on the OneSpace 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.
POSITION REQUIREMENTS
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 knowledge of Transwestern internal controls and ability to supervise, review and train as needed.
Applicable experience in real estate accounting software packages, preferably with MRI and/or Yardi.
Advanced proficiency with Microsoft Word, Excel, and Adobe.
Demonstrate strong analytical capabilities with a high attention to detail.
Ability to handle multiple projects, changing priorities and demanding, time-sensitive, work load(s).
Ability to provide general direction/be self-managed/work independently.
Ability to provide efficient, timely, reliable and courteous service to internal and external customers.
Ability to keep information and internal communications confidential.
Exhibit excellent verbal and written communication skills.
Must be able to remain in a stationary position 50% or more of the time/constantly operate a computer and other office productivity machinery (ex. a calculator, copy machine, computer printer) or, by request, be provided reasonable accommodations to perform the essential functions of the position.
Travel may be required.
Salary: $104,000
WORK SHIFT
First Shift (United States of America)
LOCATION
Woodland Hills, CAWe Are Transwestern!
Transwestern's Guiding Principles are woven into the fabric of our firm and underscore the value of each individual team member. We embrace diversity, equity and inclusion — not only as the right thing to do, but as a reflection of who we are. It is our responsibility and heartfelt desire to create an environment that elevates the human spirit and brings out the best in everyone. Transwestern offers an exciting work environment, competitive salary and excellent benefits, which include medical, dental and vision coverage, as well as a 401(K) plan. Transwestern is an Equal Opportunity Employer.
Third Party Agencies/Vendors!
Transwestern recognizes the valued service provided by its recruitment agencies and as such have a Preferred Supplier List, which whom terms of business have been agreed. Only suppliers who have signed these terms can engage with Transwestern and its Family of Companies. If you are interested in becoming a Preferred Supplier vendor, we invite you to email us only at recruittw@transwestern.com. Please provide relevant information about your agency, and our dedicated team will carefully review and approve your submission. We will reach out if we find that there is a potential match and interest in adding your agency to our preapproved recruiting vendors list. Agreements obtained outside of this formal process will not be recognized and will be deemed invalid. We appreciate your understanding and cooperation in adhering to this established procedure. Thank you in advance.
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