Rock Family of Companies Senior Property Accountant in United States
The Rock Family of Companies is made up of nearly 100 separate businesses spanning fintech, sports, entertainment, real estate, startups and more. We’re united by our culture – a drive to find a better way that fuels our commitment to our clients, our community and our team members. We believe in and build inclusive workplaces, where every voice is heard and diverse perspectives are welcomed. Working for a company in the Family is about more than just a job – it’s about having the opportunity to become the best version of yourself.
Bedrock is a full-service real estate firm specializing in innovative city-building strategies, reaching far beyond the boundaries of bricks and mortar. Since its founding in 2011, Bedrock and its affiliates have invested and committed more than $6 billion to acquiring and developing more than 100 properties in Detroit and Cleveland, including landmark developments at the Hudson’s Site (https://www.hudsonssitedetroit.com/) , Book Tower (https://www.booktowerdetroit.com/) , City Modern (https://www.citymoderndetroit.com/) and the May Company Building (https://www.themaycleveland.com/) .
Bedrock’s portfolio totals more than 19 million square feet of office, retail, residential, industrial and hospitality space within new construction and adaptive reuse projects.
For more information on Bedrock’s projects, visit bedrockdetroit.com or engage with us on Facebook (https://www.facebook.com/BedrockDetroit/) , Instagram (https://www.instagram.com/bedrockdetroit/) , Twitter (https://twitter.com/BedrockDetroit) and LinkedIn (https://www.linkedin.com/company/bedrock-real-estate-services/) .
As Senior Property Accountant our Property Accounting Team at Bedrock, you will be responsible for the day-to-day accrual based accounting for all assigned commercial and residential properties and related entities. This position is required to interact daily with the Director, Property Accounting, Property Accounting Manager, other Property Accountants, members of the asset and property management teams, and with members from the various departments of the Bedrock team as required to support your assigned properties within our Cleveland and Detroit multi-family and commercial real estate portfolio.
Complete the monthly financial reporting packages, including the preparation and analysis of the balance sheet and income statement with budget variance narratives
Responsible for the accuracy of the General Ledger and entity records
Review and create all journal entries and prepare/post complex adjusting and closing journal entries as necessary to be in compliance with GAAP
Prepare and update fixed asset amortization and depreciation schedules
Keep and update work papers that substantiate monthly reporting and for the annual financial audit and tax returns
Review and post tenant work orders and utility billings
Review and code all invoices in paperless accounting system
Verify and process monthly mortgage and interest payments to lenders
Calculate and process management fees
Monitor cash balances to determine the disbursement of funds and necessity for cash funding
Prepare bank and account reconciliations
Prepare schedules as necessary for cash flow projections and financial analyses
Prepare the annual budget for all entities related to your portfolio
Review lease documentation and ensure that all charges are billed pursuant to the terms
Calculate CAM estimates and complete the CAM Reconciliation process for properties
Monitor and supervise third party financial reporting on parking garages
Create miscellaneous reports as needed by team leaders, property managers, lenders, accountants/auditors, tenants and vendors
3 or more years of experience in a direct Property Accounting role in commercial/multi-family real estate
Bachelor's degree in Business or related preferred
Experience with Yardi, or similar real estate accounting software, is preferred
Strong analytical skills
Strong computer skills in Excel
Effectively communicate, both verbally and in written correspondence
Organize and complete multiple tasks
This is an outline of the primary responsibilities of this position. As with everything in life, things change. The tasks and responsibilities can be changed, added to, removed, amended, deleted and modified at any time by the leadership group.
We are proud equal opportunity employers and committed to providing an inclusive environment based on mutual respect for all candidates and team members. Employment decisions, including hiring decisions, are not based on race, color, religion, national origin, sex, physical or mental disability, sexual orientation, gender identity or expression, age, military or veteran status or any other characteristic protected by state or federal law. We also provide reasonable accommodations to qualified individuals with disabilities in accordance with state and federal law.
The Company is an Equal Employment Opportunity employer, and does not discriminate in any hiring or employment practices. The Company provides reasonable accommodations to qualified individuals with disabilities in accordance with state and federal law. Applicants requiring reasonable accommodation in completing the application and/or participating in the employment application process should notify a representative of the Human Resources Team, The Pulse, at 1-800-411-JOBS.
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