Financial Manager, Property Management

Responsibilities

• Review and approve monthly accruals, AR reviews, CAPEX Distributions, AR batches, monthly rent-ups, and commercial billings.
• Review and approve lease abstracts/profiles and enter OPEX recovery set ups in accounting system-Lease Administration
• Review and finalize monthly variance reports and rent roll reconciliation.
• Review GL for consistency and accuracy and submit reclass entries.
• Review and reconcile tenant security deposit ledgers.
• Address CAM reconciliation inquiries from tenants
• Overseeing process for tenant audits.
• Assist with annual budgets, reforecasts and OPE reconciliations.
• Address client questions concerning budgets, financials, CAM recoveries and provide custom reports as per client requests.
• Prepare complex tenant account ledger reconciliations to assist the property management team in collection efforts.
• Provide back-up support to Property Manager for invoice approvals.
• Coordinate and assist Accountants in final settlements with Seller/Buyer in property transitions.
• Research and handle accounting related issues/questions from internal Accountants as well as Clients
• Follow and ensure team SOC I compliance for applicable assets.
• Provide accounting software related mentoring, training, and support to the Property Management team.
• Special Projects/Tasks: may be assigned to assist with special projects for the assigned portfolio.
• Problem Solving: Complex items are handled with supervision/guidance (Ex. TI Overages, Complex Termination Fee calculations, complicated billbacks, etc.).
• Ownership: Be proactive throughout the month; ensure that any unique transactions/situations on your team are resolved throughout the month. Ensure that all internal/external deadlines are being met by team members that you supervise.
• Teamwork: helps solve problems, finds efficiencies, shares knowledge, and actively seeks opportunities to help.
• Takes responsibility for their assigned tasks/portfolio; others do not have to step into complete tasks. Self-motivated and does not need to be assisted and/or directed to complete responsibilities.
• Financial Reporting: Must have a good understanding of the clients' financial reporting process including accruals, general ledger reviews, leasing reports, executive summary reports, and variances reports.
• Financial Reporting: Ability to complete all aspects of clients required financial reporting.
• Budgets: Understanding of variances effect on property cash flow and tenant estimated billings.
• Insurance - ability to determine if vendor insurance certificate meets client requirements. Track and maintain current COI for all vendors utilized at property.
• Leases - understands lease types (NNN, Base Year/Expense Stop, Commencement Date, Rent Start Date, etc.). Review basic lease information to agree to system lease report (dates, amounts, etc.).
• Leases - review the leases thoroughly for TI and landlord (LL) capital requirements, Caps/Gross Ups, options, lease termination fee options/calculation information, etc.
• Proficient in Stream Systems (Yardi, AVID, IMPAK,, etc.) - read training materials, attend training. Become proficient in the systems utilized to perform job functions effectively.
• Transitions: some exposure to property transitions (sales, purchases, management change) with supervision and guidance.
• Assist with Accounts Receivable (A/R): Effectively manage AR within portfolio; process tenant billbacks, submit late letters, default notices and complete lockouts. Work with tenants to collect outstanding balances.
• Assist with Accounts Payable (A/P): Ensure all vendors are paid in a timely manner.
• Communicates deadlines, expectations, issues, etc. in a timely and effective manner. Seeks assistance from supervisor when prudent.
• SOC Compliance: Ensure SOC compliance when reviewing and/or preparing all transactions.
• Bachelor's Degree preferred.
• 3-years' work experience in similar field and/or job role.
• Prior industry property management experience with significant financial responsibility
• Strong technical skills including proficiency with Yardi and/or MRI experience.
• Desire and ambition to learn and grow in Stream's property management department.
• Financial and analytical mindset with attention to detail
• Proficient with Microsoft Office

Benefits

Additional Information

POSITION OVERVIEW The Financial Manager position provides support to the Property Management team and acts as a liaison between Corporate Accounting and local Property Management teams. Day-to-day activities include monitoring the financial performance of the assets, budgeting, forecasting, and reporting. Depending upon the portfolio needs, this position may have supervisory responsibility.

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