Financial Analyst, Third Party Commercial

Overview

Responsibilities

• Oversee the Annual Budget and Monthly Reforecasting process for the Third Party Commercial portfolio
• Prepare and distribute budget schedule with all pertinent due dates to Accounting, Leasing, Development and Property Management.
• Coordinate the preparation of budget leasing assumptions in cooperation with the Leasing Department.
• Coordinate development and construction fee projections with the Development Department.
• Manage accountants’ preparation of workpapers supporting projections for the existing tenants straight line rent, mortgage principal and interest, A/R and A/P, ground rent, mortgage interest income, bank charges, and depreciation and amortization expense, etc.
• Prepare and test projections for base rent, tenant improvement and leasing commissions based on assumptions provided by leasing.
• Test operating and real estate tax expense recovery income projections for accuracy.
• Coordinate Budget and Reforecast Report changes, adding new accounts and properties in Budget and Reforecast Software with the IT department.
• Prepare supplemental Tenant Improvement and Leasing Commission budget projections schedules for Development Accounting for the partially owned entities.
• Provide annual budget and quarterly reforecasts for all Partially Owned Entities to Wholly Owned Budgeting and Analysis department.
• Continuously audit and improve budget systems and processes in cooperation with the IT Department.
• Coordinate and prepare Annual Budget and Reforecast for key Revenue Components of the Management Company Budget including support for third party management fees, upfront and recurring lease fees, development, construction and consulting fees.
• Prepare 10 Year Financial Scenarios for Third Party Clients as directed by SVP-Director of Asset Services and or ad hoc reporting as requested by CAO-Chief Administrative Officer.
• Develop and test budget system specifications.
•  Liaison with REIT budget group and IT Department.
•  Train Accounting and Property Management Group in budget and reforecast procedures/techniques.

• Publish Monthly Financial reports from Accounting and Reforecasting software and perform related testing:
• Coordinate monthly download of Yardi actuals to ABF.
• Update report dates and headers in Yardi.
• Vet monthly reforecast reports to Yardi actuals.
• Create and revise Third Party Commercial reports as needed.

• Update policies and procedures for Third Party Commercial Budgets and Reforecasts
• Special Projects -Additional ad hoc reporting and validation as directed by Managing VP, Accounting, Third Party Services as it relates to the accounting department including assisting lease administration          

Qualifications

• Bachelors Degree (preferably in accounting or finance) required.
• Minimum four (4) years experience in accounting required.
• Financial Analytical experience required.
• Prior accounting and analytical experience in property management or real estate preferred.
• Public accounting firm experience preferred.

• Advanced computer skills: Microsoft Word, Microsoft Outlook, and Microsoft Excel preferred.
• Proficiency in financial computer modeling in Argus and Microsoft Excel.
• Organizational skills: ability to see the larger focus and streamline processes and procedures.

• Strong financial and analytical skills with the ability to adapt to multiple and rapidly changing priorities and deadlines.
• Excellent interpersonal and communication skills (both verbal and written) required.
• Must be confident and capable when communicating with customers inside and outside the Company.
• Works well under pressure and maintains a sense of urgency.
• Ability to work with senior management as well as support personnel.
• Handles Company business with the utmost of professionalism, discretion and tact.
• Composed demeanor, pleasant, polished image and professional appearance, positive attitude and customer-oriented approach are priorities for this position.
• Exercises good judgment and uses discretion.
• Ability to keep processes moving forward and takes initiative as appropriate.
• Reliable, dependable with excellent attendance, flexible and versatile.
• Good problem-solving skills coupled with the ability to work independently, productively and effectively manage concurrent tasks within a rigid time schedule required.
• Quickly adapts to rapidly changing priorities. Remains calm under pressure.
• Keep supervisor and co-workers up-to-date on issue and project status.