CenterCal Properties LLC (CenterCal), a leading retail shopping center developer and manager based in El Segundo, California, is seeking a seasoned, team-oriented Vice President of Property Accounting. CenterCal is looking for a Property Accounting leader that can oversee the entire property accounting function and can work collaboratively with the SVP of Properties and the shopping center General Managers. In return, CenterCal offers a real career move where you can add value, make an impact and be excited about coming to work everyday. CenterCal provides a compensation package you can feel good about and personal and professional challenges that lead to growth.
In return, CenterCal offers a fun and collaborative work environment with personal and professional challenges that lead to growth and a compensation package you can feel good about:
• Base salary + bonus potential
• 100% employer paid premiums for the employee's medical, dental & vision
• 401k plan • Three weeks of accrued vacation • Six sick days • Two paid community service days – one individual volunteer day and one company- sponsored. • Work from home one day per week for most positions. • Plus more!
Reporting to the SVP of Properties, the Property Accounting leader is responsible for the financial oversight and management of the property accounting function. The Property Accounting leader will provide thought leadership in business planning, accounting and preparation and execution of the operating budget for all owned and managed shopping centers. This position will be responsible for the preparation of monthly and yearly financial reporting and analysis. This position will directly supervise the property accounting team, which includes lease administration, accounts receivable and accounts payable functions.
Key Responsibilities: • Manage the entire Property Accounting team and function while providing thought leadership, mentoring and oversight. • Work closely with the SVP of Properties and the shopping center General Managers to support and manage all general accounting and financial reporting functions including accounts payable, accounts receivable, fixed assets, and balance sheet management. • Respond to the shopping center General Managers inquires regarding general accounting, accounts receivable, collections and accounts payable inquires. • Prepare and distribute management reports and financial statement packages to management team • Create reports to summarize and forecast business activity and financial position in areas of income, expenses, and earnings, based on past, present, and expected operations • Analyze cash flow, cost controls and expenses and effectively communicate to the shopping center General Managers to identify areas for improvement/action. • Technical accounting background and research skills desirable, particularly with respect to capitalization rules surrounding interest and revenue recognition of tenant leases. • Prepare monthly statements of income, balance sheets and cash flow of the company. • Oversee and approve CAM reconciliations. • Respond to tenant inquiries regarding CAM calculations and accounts receivable balances. • Work with Asset Managers and General Manages to create annual budgets by establishing schedules; collecting, analyzing, and consolidating financial data etc. • Achieve budget objectives by scheduling expenditures; analyzing variances; initiating corrective actions. • Provide status of financial condition by collecting, interpreting, and reporting financial data. • Assist and lead special projects as required.
• Bachelor's Degree in Finance and/or Accounting • MBA and/or CPA is preferred • Minimum 5-7 years’ experience in Real Estate accounting as well as budgeting, forecasting, financial modeling and analysis • Retail property accounting experience preferred • Advanced proficiency with Yardi Voyager and Excel preferred • Proven track record of success in achieving deadlines and completing projects • Excellent and effective written and verbal communication skills • Strong problem-solving skills to identify and reason through complex issues, recommend and implement solutions
Employer will assist with relocation costs.
About CenterCal Properties
CenterCal is a premier retail real estate company focused on development and acquisitions in the western United States with expertise in building and redeveloping outdoor lifestyle centers, power centers, and regional malls. As one of most active retail developers in the United States, CenterCal has an extensive track record of successfully leasing retail centers with high-quality tenants, and CenterCal's strong equity base and efficient management platform position the company to successfully execute on emerging opportunities in any economic climate.
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