Jobs at PREIT (Now Hiring) — 2 open

Job DetailsJob Location: Philadelphia, PA 19103Position Type: Full TimeSalary Range: $120,000.00 - $130,000.00 Salary/year

Accounting Manager

The Accounting team leads the Company’s efforts associated with internal and external financial reporting, operational reporting, and day-to-day accounting functions. The Accounting Manager will have the opportunity to assist in all aspects of accounting comprised of financial reporting and general accounting, which includes monthly property, corporate and development accounting processes such as reconciliations and account analyses, participate in the management and external reporting process, and assist on special projects as directed by senior management. This role will also supervise other staff on the team such as bookkeepers and accountants.

Financial Statements (Monthly and Quarterly)

Perform/review month end close by analyzing all cash, income and expense accounts, and ensure cash receipts and payable entries are accurate and reconciled.
Prepare/review all necessary adjusting general ledger entries and work papers (e.g., accruals such as CAM, Real Estate Taxes, Percentage Sales in Lieu, Percentage Rents, Utilities, mortgage interest, etc. and prepaid assets for Real Estate Taxes, Insurance, etc.).
Maintain fixed asset ledger and analyze all capital additions and prepare/review monthly depreciation entries.
Maintain rent revenue on a straight-line basis related to tenant activity.
Prepare clear and concise actual vs budget and actual vs prior year variance analyses.
Produce financial statements for internal and external distribution.
File sales and use taxes for certain properties.
Assist Lease Administration with recurring billings as needed.

Compliance Reporting

Provide requested accounting information on a quarterly and annual basis for tax preparers.
Compile all the necessary documentation for quarterly debt covenant reporting.
Assist with completion of annual GAAP and SEC disclosure checklists.
Serve as a liaison and develop/review/provide workpapers to external auditors for requests during the annual audits.
Prepare analyses and/or ad-hoc reports as requested by Management.
Assist in other accounting department duties as needed.
Assist Asset Management department with refinancing and sale transactions’ due diligence requests.

PROPERTY MANAGEMENT SUPPORT:

A/R & Collections

Supervise Bookkeeper and work closely with Property General Manager and Asset Manager on current month collection issues.
Coordinate with Bookkeeper with questions on non-recurring billings, review proposed write-offs.
Assist with budgeting and reforecasting process.
Assist with review and quality control of budget process, as needed.

Non-Recurring Tenant Billings/Adjustments

Calculate percentage rent.
Complete annual expense reimbursement reconciliations for CAM, Real Estate Taxes, Food Court CAM, Insurance & Security.

Review and post manual billing adjustments prepared by bookkeeper.Qualifications
Bachelor’s degree in accounting or finance; CPA and/or MBA a plus
5 to 7 years public or general accounting experience
Enthusiastic individual with ability to communicate effectively, both verbally and in writing, and work as a team player
Prior supervisory experience is preferred
Ability and willingness to learn and master new tasks
Highly organized and detail oriented with the ability to multi-task and balance competing priorities
Flexibility to work in a fast-paced environment and meet strict deadlines
Advanced proficiency in Excel, including reference formulas, pivot tables, and other higher level financial and statistical formulas
Experience with (or willingness to learn) Yardi, JD Edwards and Business Intelligence platforms like Cognos and MS Power BI
Accurate numerical ability and attentiveness to detail