Assistant Vice President, Property Accounting

Primary Function

Oversee the accounting for a select set of PGRE and owned and/or managed properties and support the internal and external audits of these properties; interact with users of accounting information throughout the organization to ensure timely and accurate receipt of needed information.

Primary Responsibilities

General Responsibilities   

• Lead a team of property controllers to ensure accurate and timely financial reporting, including partner and lender reporting for select properties
• Coordinate with Tax, SEC Reporting, Financial Planning and Analysis (FP&A)and Fund Accounting to ensure that accurate monthly, quarterly, and annual property accounting information is delivered in a timely manner
• Provide financial reporting and other relevant support during due diligence process for transactions
• Identify and oversee implementation of information technology, efficiency, and other improvement type projects

Operational Responsibilities

• Oversee the monthly close process for the properties, including review of the journal entries and the timely delivery of monthly operating statements for the monthly management meetings
• Review quarterly work papers and annual financial statements along with the footnotes to the financial statements, and the related work papers for the properties
• Coordinate with external auditors to complete the annual audit of the properties and the consolidated company in a timely manner
• Coordinate with internal auditors and external auditors to complete the testing of internal controls as needed
• Facilitate (with the assistance of FP&A) the preparation of the annual operating budgets and long term planning
• Oversee lender compliance and joint venture partner reporting
• Provide information requested by the Tax department to facilitate tax filing compliance
• Create accounting memos for complex issues and other transactions as required
• Assist property controllers in learning and implementing new processes for newly issued accounting literature
• Identify process improvements and efficiencies in the reporting process and coordinate with other AVP, Property Accounting to implement such improvements
• Assist the VP, Property Accounting with activities related to any technology implementations or changes which impact property accounting
• Perform financial analyses to support special projects as assigned
• Perform other duties and special projects as assigned
• Assist other AVP, Property Accounting during leaves and absences

Talent Responsibilities

• Provide oversight and review of subordinates’ activities
• Provide regular feedback on work products and help subordinates develop key skills
• Coach subordinates though challenging situations, allowing for autonomy and encouraging problem solving
• Provide input for annual performance appraisals for all direct reports

Education & Experience

• Bachelor’s degree in Accounting or a related field
• Minimum of 8 years of accounting experience, preferably in a real estate environment and with a public organization, REIT experience preferred
• Experience leading a property accounting team through quarterly and annual reporting cycle preferred
• Demonstrate success managing and developing staff

Essential Skills & Qualifications

• Advanced understanding of accounting principles and the accounting requirements of real estate organizations
• Strong understanding of US GAAP and SEC financial reporting and controls needed to meet Sarbanes-Oxley standards
• Advanced organization, coordination and planning, and problem solving skills
• Ability to meet strict deadlines and to manage others to do so as well
• Strong written and verbal communication and interpersonal skills
• Strong software skills including financial systems and MS Excel, commercial real estate software skills preferred

Certificates, Licenses & Registrations

• Certified Public Accountant (CPA) designation preferred

Internal & External Contacts

• Regularly interfaces both verbally and in writing, with other members of the Finance and Accounting team, and with Asset Management, Property Management, Leasing, Tax, Internal Audit, HR and other functions as needed.
• Interfaces with internal and external auditors