Property Accountant Position Available In Essex, Massachusetts

Property Accountant Brookwood Financial Partners, LLC.

Beverly, MA Job Details Full-time Estimated:

$78.5K – $97.3K a year 9 hours ago Qualifications Microsoft Word Microsoft Excel Microsoft Outlook 5 years Yardi Microsoft Office Finance Analysis skills Financial statement preparation Bachelor’s degree Accounting Senior level Accounting Communication skills

Full Job Description About Brookwood:

Brookwood Financial Partners, LLC (“Brookwood”) is a Massachusetts-based private equity real estate investment firm that invests in “value-add” commercial real estate properties and related operating businesses. Since its founding in 1993, Brookwood has consistently employed an innovative and contrarian investment approach to generate attractive risk-adjusted returns for its investor clients. Brookwood has invested over $1.9 billion of equity to acquire a portfolio of more than 203 commercial real estate properties, seven operating companies, and over 435 gas stations and convenience stores. With a $4.9 billion historical portfolio spanning multiple asset classes, geographical markets, and industries across the U.S., Brookwood is one of the most innovative private equity firms in the US. Notably, Brookwood was one of the few private equity firms in the United States that sold its entire legacy real estate portfolio before the Great Financial Crisis of 2008. Furthermore, in 2015, Brookwood founded and established Yesway, an award-winning convenience store operator with 435 stores across nine states in the Midwest and Southwest. Interests in Brookwood’s private placements are offered through its broker-dealer subsidiary, Brookwood Securities Partners, LLC (“Securities”).

The Position:

Brookwood, a dynamic and fast-paced real estate operating company, is seeking a motivated and detail-oriented Property Accountant to join a seasoned and high performing team. This is an in-office role in Beverly, MA and is a great opportunity to join a company that values collaboration and employee engagement. We are seeking an accountant who can be hands-on from the property level through investor funding. In this role, you will be responsible for the accounting, analysis, and preparation of financial statements for a portfolio of properties. The ideal candidate will have 5 to 10 years of experience in accounting with an emphasis on real estate, property management or property operations. As a Property Accountant, you will be responsible for the day-to-day accounting, analysis, and preparation of financial statements of an assigned group of investor funds. Strong communication skills, attention to detail, and the ability to work well within a team are essential. This is an exciting opportunity to work within a dynamic, supportive group that values collaboration.

Primary Responsibilities:

Maintain accurate books and records and associated reconciliations for assigned real estate properties and participate in monthly department close process; Oversee all accounting functions for multiple properties, including accounts payable, accounts receivable, monthly accruals, and financial statements with supporting schedules; Calculate monthly property management and construction fees; Participate in the annual audit process, including the preparation of financial statements and footnote disclosures; Maintain tax depreciation schedules and other tax-related working papers to support the annual partnership income tax returns process; Participate in the budget and reforecast process; Develop and maintain property reserve analysis and forecasts; Provide data for the acquisition and disposition of assets, including prorated revenue and expenses, prepaid rents, and security deposits. Post opening and closing statements when properties are bought or sold; Review monthly and quarterly CAM reconciliations and tenant billings; Actively participate in process improvements to enhance internal controls and efficiencies in financial reporting; and Prepare special reports and projects, collect, analyze and summarize information and trends.

Required Education, Training, and Experience:

Bachelor’s degree in Accounting, Finance or related field or commensurate work experience; 5+ years of relevant accounting experience within the real estate industry; Outstanding interpersonal, verbal and written communication skills; Ability to work both independently and as part of a cross-functional team with minimal supervision in fast paced environment and remain flexible and adaptable to changing priorities Proficient in Yardi Voyager and Microsoft Office Suite (Word, Excel, Outlook, Teams) and Adobe Strong knowledge and experience in financial statement preparation, fund accounting, and financial reporting Ability to analyze complex financial data and identify discrepancies Proficiency in NAV calculations and understanding of fund accounting principles Strong analytical and problem-solving skills

Compensation and Benefits:

Compensation will include a base salary, full benefits, and an annual discretionary performance-based bonus. Salary will be based on experience and performance.

FLSA Status:

Exempt Reports to: Accounting Manager Position type:

Full Time EEO Code:

Professional