The posting
Company Overview
Berkshire Residential Investments is a people-first real estate investment company who values not only the impact we make as a company, but the time we spend together in our high-performing teams. We value individual skills and perspectives to allow us to best serve our employees, investors, residents, and other stakeholders.
If you’re interested in a workplace where everyone feels empowered to bring their full, authentic selves to work each day, come join our talented and growing team at Berkshire Residential Investments. Our environment of entrepreneurial spirit, culture of expertise and our people-first approach will allow you to thrive while continuing to grow in your career.
Position Summary
The Sr Manager, Debt Accounting will oversee assigned portfolios of debt investments, properties or corporate entity accounting activities and produce timely and accurate financial statements for assigned portfolios or corporate entities.
Essential Functions:
- Provide oversight and manage the portfolio of debt investments within the funds assigned, to ensure deadlines are met and processes are completed on a daily, monthly & quarterly basis
- Oversee assigned debt investment accounting staff (including offshore team) and review property account reconciliations and financial statements prepared by them for accuracy and reasonableness
- Prepare fund financial statements, consolidation entries, and reconciliations for funds assigned
- Assist with adherence to internal controls surrounding financial reporting disclosure and compliance, and enhance internal controls as needed
- Responsible for the management of the external audit process to meet set due dates throughout the year (including Planning, Interim and Year End)
- Produce quarterly reports by set due dates, aligning with LPA and side letter requirements
- Support portfolio management as needed in the process of compiling the internal reporting packages and adhoc requests, as needed (ie. cash needs, flash reports, etc.)
- Understand and assist with returns calculations (TWR or IRRs) and dividend yields
- Prepare quarterly, annual and adhoc investor requests as needed
- Able to effectively use information technology systems and software to solve complex problems, address accounting needs and business issues, and generate operating efficiencies
- Review REIT qualification testing on a quarterly basis and understand impacts of income/assets on REITs
- Oversee related party and joint venture partner activity reconciliations and
- related payments of intercompany balances and distributions. Assist in review of joint venture documents, loan agreements and waterfall calculation set up and maintenance
- Assist in preparation of investor capital calls, distribution notices and capital account statements for funds assigned
- Take lead on team projects; adhoc portfolio insurance claims, internal controls, procedure manuals, process efficiencies
- Set direction for team, when competing priorities (month end close, audit requests, onboarding off-shore team, ad-hoc requests)
- Start to take the lead on group calls, pull together notes ahead of time, and make sure everyone is on same page with main priorities
- Manage and develop team members, including allocating regular one on one time to go through any areas that can be improved. Also, continue to monitor offshore resources to ensure work product is adequate and provide feedback to the group if areas of concern and provide recommendations for improvement.
- Consistently demonstrate use of tact and discretion
Knowledge/Experience:
- 5+ years of practical accounting experience
- Demonstrated management skills with track record of building teams and identifying, mentoring, and growing talent in-person and virtual
- General ledger maintenance including consolidations and eliminations
- Practical accounting knowledge of account balances
- Full disclosure financial statement preparation, including footnotes
- Budgeting and forecasting
- Multifamily real estate accounting/management
- REIT tax compliance
- Aptitude for organizing, prioritizing, and managing multiple priorities, using critical thinking and problem solving
- Demonstrated multi-modal communication style that reaches every stakeholder, specifically excellent verbal, and written communications
- Ability to communicate with and manage up to senior management
- Collaborative working style with inclusive work and thinking behaviors, commitment to excellence in teams and work product, with a strong work ethic
- Demonstrate emotional intelligence in high pressure and sensitive situations
- Tenacity, patience, and perseverance to work with business deals from beginning to end of process
- Maintain confidentiality of sensitive information and communications of information
- Represent the Berkshire employment brand well to candidates by seeking to understand the capabilities and insights of people with unique backgrounds, cultures, styles, and abilities
- Develop productive working relationships with all team members including internal clients and external third parties
- Demonstrated high level of ethics and integrity with a straightforward and honest approach
Technical/Educational Requirements:
- Bachelor’s degree with a concentration in accounting
- CPA or be CPA qualified preferred
- Must have experience with computer usage/applicable software to solve accounting issues
- Demonstrated ability to use and learn new technology (e.g., computers/hardware, mobile, software, cloud-based programs)
- Proficiency with computers, keyboards, monitors and telephone headsets.
- Proficiency in Microsoft Suite of Products (e.g., Word, Outlook, Excel, Teams, Power Point)
Berkshire Residential offers an excellent benefits package, focusing on our employees’ total health and wellness. We offer programs and incentives that promote physical, mental, financial, and behavioral wellbeing both within and beyond our workplace. Current anticipated annual base salary range: $120,000 - $140,000. Base salary within the range will be determined by various factors including but not limited to the individual's experience, skills and qualifications. Please visit our Careers page for full details – and to learn more about how we value our employees.
We believe
Berkshire Residential values diversity, equity, inclusion and belonging. Berkshire is committed to providing equal opportunity in all practices, including employees and applicants for employment. We ensure that decisions affecting employees are made without regard to their race, color, creed, national origin, age, disability, gender, gender identity, sexual orientation, or any other protected status.
