Overview:
We are seeking a highly motivated and detail-oriented Senior Portfolio Accountant to join our REIT Operations Accounting team. In this role, you will perform the primary accounting function for the property level General Ledgers (G/L) of two diverse publicly traded REITs. This position requires close coordination with internal departments and external auditors to ensure accurate, timely and compliant financial reporting. Developing strong relationships with third party managers and tenants is also required. The Senior Portfolio Accountant reports to the Manager, REIT Operations Accounting.
Responsibilities:
- Maintain the general ledger and prepare/review journal entries and general ledger account analysis. Apply consolidation concepts and accounting for the TRS portfolios.
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Prepare, generate, and review financial reports and supporting workpapers monthly, quarterly, and annually on a GAAP basis. Analyze results.
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Review monthly third party managers’ operating statements ensuring preparation in accordance with management and lease agreements.
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Handle all financial aspects of several portfolios of senior living communities and hotels.
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Monitor and ensure compliance with debt covenants and other financial reporting requirements.
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Coordinate with external auditors during quarterly and annual procedures.
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Assist in the internal audit process, including updating internal control policies and testing.
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Develop and foster a strong relationship with third party managers, tenants and RMR asset management staff.
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Collaborate with Portfolio Management, Asset Management, Property Accounting and Corporate Accounting to ensure accurate financial reporting.
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Lead or participate in special projects and strategic initiatives as assigned by senior management.
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Continuously identify and implement process improvements to enhance efficiency and accuracy.
Qualifications:
- Bachelor’s degree in Accounting, Finance, or Business Administration.
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CPA or progress toward CPA strongly preferred.
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3–5 years of progressive accounting experience, preferably in real estate, REITs, or public accounting.
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Proficiency with property management/accounting software; Yardi experience preferred.
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Advanced Excel skills and proficiency in Microsoft Office Suite.
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Strong analytical and problem-solving skills with an ability to identify areas of process improvement opportunities.
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Excellent organizational, verbal and written communication skills.
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Ability to manage multiple priorities in a fast-paced, collaborative and results-driven environment.
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High attention to detail and commitment to accuracy and timeliness.
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Commitment to continued professional improvement and development.
Total Rewards:
The RMR Group offers an extensive total rewards package to ensure that your benefits align with your needs. Employees who work at least 21 hours per week are eligible to participate in The RMR Group’s benefits plans, including:
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Health Insurance
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Dental Insurance
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Vision Insurance
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Life & Disability Insurance
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Health Savings Account (HSA) & Flexible Spending Plans (FSA)
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401(k) Plan with Employer Match
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Holidays, Vacation & Sick Time
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Parental Leave
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Tuition Assistance
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Matching Gift Program
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Wide Array of Voluntary, Employee-Paid Benefits to choose from including Critical Illness & Accident Insurance, Identity Theft Protection & Pet Insurance
The estimated base compensation range for this position is $95,000 to $115,000 per year. RMR considers several components including an individual's skills, qualifications, experience, internal equity, and market data.
Company Overview:
The RMR Group (Nasdaq: RMR) is a leading U.S. alternative asset management company, unique for its focus on commercial real estate (CRE) and related businesses. RMR’s vertical integration is strengthened by nearly 900 real estate professionals in more than 30 offices nationwide who manage approximately $40 billion in assets under management and leverage more than 35 years of institutional experience in buying, selling, financing and operating CRE. RMR benefits from a scalable platform, a deep and experienced management team and a diversity of real estate strategies across its clients. RMR has been recognized by The Boston Globe as a “Top Place to Work”, by the Environmental Protection Agency (EPA) as an “ENERGY STAR Partner of the Year” and ranked by the Building Owners and Managers Association (BOMA) as having one of the highest number of BOMA 360 designated properties in its portfolio. RMR is headquartered in Newton, MA and was founded in 1986.
RMR’s mission is to create long term value for our clients by managing their investments and assets “like we own it” – an approach that consistently and repeatedly generates opportunities for all our employees, investors and stakeholders. We are guided by six core values:
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Integrity at Our Core.
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Perform Passionately and Effectively.
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Inspired Thinking.
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Like We Own It.
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Power of We.
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Mutual Respect.
Visit our website to learn more about what makes The RMR Group a rewarding place to build a career.
Follow RMR on LinkedIn and Instagram @thermrgroup.
The RMR Group is an equal opportunity employer. Qualified applications will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status. For our EEO Policy Statement, please click here. If you’d like more information on your EEO rights under the law, please click here.
