What are the responsibilities and job description for the Senior Accountant at Last Mile Investments position at North American Properties?
North American Properties believes that it all comes down to connections—people to each other; cities to their souls; partners to opportunities; and individuals to experiences that move them.
We believe that by fulfilling people's desire for connectedness, we're creating happier places and experiences that in turn become more successful environments, more vibrant communities and ultimately, a better world. Since 1954, we've balanced a well-capitalized approach and a keen focus on successful execution with a willingness to question conventional wisdom, reimagining and expanding the possibilities for more than $7 billion of assets across the US.
Whether developing multifamily, mixed-use, office, student housing, hotel or retail environments, we're driven to deliver more valuable, meaningful real estate that transforms, inspires, delights and succeeds by connecting us all with what matters most.
Overview Of Job Description
Last Mile Investments (the "Company") is looking to hire an experienced Senior Accountant, who is energized to perform in a fast-paced, high-growth, team-based environment. Located in Cincinnati, the Senior Accountant would join the Finance and Accounting team, with responsibilities that include property and fund accounting and reporting, treasury and cash management, and some budgeting/financial analysis. The position will work collaboratively with the asset management and investor relations department, and real estate experience is a significant plus.
Last Mile Investments, an affiliate with North American Properties, is a real estate fund management platform that is currently investing capital on behalf of Fund II, intending to acquire 20-30 retail assets per year. The ideal candidate should have a strong passion for real estate, with prior experience in the real estate industry preferred, and an Accounting degree from an accredited university. The Senior Accountant will be part of a small team working closely with the CFO, and in addition to a strong accounting background, must have proficient communication skills, advanced critical thinking skills, and a diligent working style with strong attention to detail. A positive "get it done" attitude will be critical to success.
Duties and Responsibilities
Last Mile Investment's Investment Analyst position will include an excellent benefits package that includes medical, dental, life, and 401(k). It will provide a competitive salary based on the candidate's experience.
About Last Mile Investments
Last Mile Investments is a partnership between North American Properties and the Last Mile Investments management team, and is a real estate investment management platform currently acquiring on behalf of Fund II. The focus within Fund II is on the multi-tenant neighborhood center with the following characteristics: i) assets located in highly convenient locations near the consumers home, work, or other stable traffic drivers; ii) assets leased to primarily internet and Amazon resistant retailers; and iii) assets that have been undermanaged/undercapitalized with value add opportunities. This particular strategy takes advantage of the structural trends in the retail landscape and offers a tremendous opportunity for investors in a yet unseen asset class.
About North American Properties
NAP upholds a professional and deadline‐oriented working environment in an office setting. At NAP, we live our values of Relationships, Ownership, Agility, Strength, and Stability, Courage and Creativity, Empowerment, and Integrity.
North American Properties does not discriminate on the basis of race, religion, color, sex, gender identity, sexual orientation, age, non-disqualifying physical or mental disability, national origin, veteran status, or any other basis covered by appropriate law. All employment is decided on the basis of qualifications, merit, and business need.
We look forward to hearing from you!
We believe that by fulfilling people's desire for connectedness, we're creating happier places and experiences that in turn become more successful environments, more vibrant communities and ultimately, a better world. Since 1954, we've balanced a well-capitalized approach and a keen focus on successful execution with a willingness to question conventional wisdom, reimagining and expanding the possibilities for more than $7 billion of assets across the US.
Whether developing multifamily, mixed-use, office, student housing, hotel or retail environments, we're driven to deliver more valuable, meaningful real estate that transforms, inspires, delights and succeeds by connecting us all with what matters most.
Overview Of Job Description
Last Mile Investments (the "Company") is looking to hire an experienced Senior Accountant, who is energized to perform in a fast-paced, high-growth, team-based environment. Located in Cincinnati, the Senior Accountant would join the Finance and Accounting team, with responsibilities that include property and fund accounting and reporting, treasury and cash management, and some budgeting/financial analysis. The position will work collaboratively with the asset management and investor relations department, and real estate experience is a significant plus.
Last Mile Investments, an affiliate with North American Properties, is a real estate fund management platform that is currently investing capital on behalf of Fund II, intending to acquire 20-30 retail assets per year. The ideal candidate should have a strong passion for real estate, with prior experience in the real estate industry preferred, and an Accounting degree from an accredited university. The Senior Accountant will be part of a small team working closely with the CFO, and in addition to a strong accounting background, must have proficient communication skills, advanced critical thinking skills, and a diligent working style with strong attention to detail. A positive "get it done" attitude will be critical to success.
Duties and Responsibilities
- Monthly review of prepared property-level financial packages, including budget-to-actual reviews, bank reconciliations, account reconciliations, etc.
- Prepare metrics and aggregate data for inclusion in the quarterly investor newsletter, monthly delinquency summary, and other ad hoc reporting requests.
- Oversee outsourced Accounts Receivable, Accounts Payable, and Lease Accounting personnel, responding to inquiries around tenant cash applications and invoice coding as needed.
- Provide support for annual audit, responding to auditor questions and requests as needed.
- Update and maintain monthly debt working file, amortization schedules, and lender compliance tracker. Prepare quarterly and annual covenant compliance calculations and reporting.
- Maintain the Property Accounting Playbook, including updating/adding to the Playbook for new property acquisitions; providing details of auto-debit activity for utility accounts to A/P personnel on a weekly basis; and tracking real estate tax bill scheduling and payments.
- Track leasing commissions and assignment fees, and prepare invoices for intercompany commission and assignment fee reimbursements where applicable.
- Monitor line of credit balances, preparing draw requests for scheduled acquisitions and initiating paydown requests as appropriate.
- Prepare closing day wires for property acquisitions.
- Work with banking partners in advance of property acquisitions to set up new operating accounts.
- Manage consolidation of PM, leasing, and accounting inputs into the annual budget and reforecast process.
- Ad-hoc analysis, review, and support as needed.
- 2 years of relevant work experience preferred.
- BA/BS in Accounting from accredited four-year college or university.
- Experience with detailed accounting processes, including monthly close activities and operational accounting (A/R, A/P, etc.)
- Close attention to detail and strong organizational skills.
- Team player, strong work ethic, and ability to independently stay on task and balance competing priorities in order to meet deadlines.
- Ability to comprehend, analyze, and interpret various types of real estate documents, including leases, contracts, and financial statements.
- Proficient in Excel, Word, and PowerPoint.
- Excellent communication skills (both written and verbal).
Last Mile Investment's Investment Analyst position will include an excellent benefits package that includes medical, dental, life, and 401(k). It will provide a competitive salary based on the candidate's experience.
About Last Mile Investments
Last Mile Investments is a partnership between North American Properties and the Last Mile Investments management team, and is a real estate investment management platform currently acquiring on behalf of Fund II. The focus within Fund II is on the multi-tenant neighborhood center with the following characteristics: i) assets located in highly convenient locations near the consumers home, work, or other stable traffic drivers; ii) assets leased to primarily internet and Amazon resistant retailers; and iii) assets that have been undermanaged/undercapitalized with value add opportunities. This particular strategy takes advantage of the structural trends in the retail landscape and offers a tremendous opportunity for investors in a yet unseen asset class.
About North American Properties
NAP upholds a professional and deadline‐oriented working environment in an office setting. At NAP, we live our values of Relationships, Ownership, Agility, Strength, and Stability, Courage and Creativity, Empowerment, and Integrity.
North American Properties does not discriminate on the basis of race, religion, color, sex, gender identity, sexual orientation, age, non-disqualifying physical or mental disability, national origin, veteran status, or any other basis covered by appropriate law. All employment is decided on the basis of qualifications, merit, and business need.
We look forward to hearing from you!
