What are the responsibilities and job description for the Senior Development Accountant position at Davis?
Davis is a vertically integrated real estate investment, development and management firm that leverages five decades of experience, the strength of its leadership team and employees and a diversified portfolio to deliver maximum value for its investors and tenants. Headquartered in Boston and investing across the United States, Davis prides itself on taking a nimble, collaborative approach to delivering best-in-class results from complex opportunities. With $12.8 billion in gross asset value invested through real estate equity, debt and fixed-income securities, Davis today owns a real estate portfolio of approximately 15.2 million square feet of healthcare and life science, industrial, retail, office and hospitality properties and more than 5,800 residential units across the United States. For further information, visit www.thedaviscompanies.com
Role & Responsibilities
- Prepare monthly financial reporting packages for internally-managed development and operating assets, inclusive of budget to actual variance analysis, balance sheet reconciliations, cash flow analysis and capital expenditure analysis.
- Review monthly financial reporting packages for assets managed by 3rd parties.
- Prepare and review funding requisition packages for development projects.
- Coordinate and work collaboratively with other departments including development managers, asset management, analysts and property management.
- Property-level cash management including preparation of wire transfers, bank reconciliations, cash needs forecasting, and assist with weekly AP process.
- Review tenant leases and ensure tenant charges are accurate and appropriately recorded on the general ledger
- Assist and prepare year-end tenant CAM reconciliations.
- Review, analyze and record adjustments and accruals to general ledger.
- Prepare detailed year-end financial reconciliations, analyses and workpapers for both internally and externally managed properties for year-end tax preparation.
- Work collaboratively with other departments to transition assets from development to operations.
- Assist in the preparation of the annual budget packages.
- Assist other departments with acquisition and disposition of properties.
- Assist with ad-hoc projects as needed.
Skills & Qualifications
- Bachelor’s degree in accounting, finance, or related field.
- 3-5 years of accounting and commercial real estate accounting experience.
- Highly analytical; ability to solve problems independently and manage time and resources effectively.
- Ability to professionally interact and work collaboratively with onsite staff, senior management and third-party clients.
- Well organized, accurate, thorough, and able to consistently meet deadlines with high quality work products.
- Excellent communication, presentation and interpersonal skills.
- Understanding of property management and real estate development in relation to financial accounting, tenant recoveries, funding requisitions, budgeting and forecasting.
- High proficiency in Excel and Word.
- Public accounting experience is preferred, but not required.
- Yardi experience preferred, but not required.
Compensation & Benefits
Compensation will include a competitive base salary and bonus, and an attractive benefits package.
We are an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex (including pregnancy), national origin, age (40 or older), marital status, sexual orientation, gender identity/expression, citizenship, real or perceived disability or handicap, genetic predisposition, veteran status, and/or any other protected category in accordance with applicable federal, state or local laws.