Senior Consultant, Property Accounting | Real Estate Solutions

About the Role

We focus on our clients’ strategic, operational, financial and capital needs by addressing the full spectrum of financial and transactional challenges faced by corporations, boards, private equity sponsors, creditor constituencies and other stakeholders.

FTI Real Estate Solutions has a singular focus on the real estate and finance industry and the capital markets that serve it. Our services are designed to create integrated financial, tax and real estate solutions for clients having underlying value in real estate operations and assets. We provide an unsurpassed range of real estate advisory services including merger and acquisitions, due diligence, valuation, lease consulting, forensic accounting, financial outsourcing, IPO preparation, real estate and REIT tax structuring and compliance, executive compensation, master planning and development services, cost segregation and private client services.

We represent leading public and private real estate entities including equity and mortgage REITs, financial institutions, investment banks, opportunity funds, insurance companies, hedge funds, pension advisors and owners/developers.

We provide outsourced accounting services to both public and private companies, including REITs, mortgage finance companies, real estate private equity funds, developers and operators. The Property Accountant is responsible for providing timely and accurate property accounting services to our clients, managing client deadlines/expectations, and fostering a collaborative team environment.

Accounting & Reporting:

• Review/Prepare timely and accurate monthly property accounting financial reporting (including accruals, journal entries, monthly financial statements, working papers, variance explanations, compliance, as applicable)
• Independently handle property accounting with varying levels of complexity
• Manage/oversee cash transactions and review corresponding general ledger entries (e.g. accounts payable, cash receipts) for specific clients
• Review/Analyze cash and distribute or request funds in accordance with client’s policy taking into consideration critical payments such as property taxes, sales tax, utilities, loan payments
• Oversee lease administration process and monthly billings
• Review/Prepare monthly property reporting in compliance with required client accounting department property policies and procedures
• Review/Prepare property analytical reports, as applicable
• Correspond with Client Property Management and Asset Management departments surrounding property accounting matters, including the financial reporting
• Communicate effectively and build partnerships with clients and colleagues
• Review, complete and/or participate in the annual budget and re-forecasting processes for client assets
• Review, complete and/or participate in the annual operating expense reconciliation process, as applicable
• Review/Prepare pro-rations and support closing statements for acquisition or disposition of properties
• Review/Prepare related tax work for properties and provide to the third-party tax preparer on a timely basis
• Lead or contribute to ad hoc or special accounting projects such as implementation of accounting software, transaction or business process review, new client or property transitions, and other financial reporting and asset management reporting assistance
• Provide formal supervision of direct reports within Property Accounting. Mentor, train and develop team members based on individual needs, provide ongoing performance feedback/support and complete performance evaluations per company guidelines

Operations:

• Support investment acquisition and disposition activities
• Participate in client meetings and trainings as required
• Ensure adherence to client’s internal and external audit standards
• Participate in client’s external audit process
• Liaise with clients and assist them on accounting and administrative issues and relevant developments

Basic Qualifications:

• Bachelor’s or master’s degree in accounting or finance
• 3+ year of post graduate work experience
• Knowledge of property-level accounting
• This role may require travel to clients and FTI offices
• Applicants must be currently…