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Property Management Accounting Analyst

Salary
Competitive
Employment
Full Time
Real Estate Field
  • Accounting / Control
Location
Boston
 MA
Postal Code
02116
Country
United States

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Description


Please note this role is open to Boston & Washington, DC

The Property Management Accounting Analyst is generally responsible for supporting the financial operations of the regional Asset Management platform and its managed portfolio. The successful candidate will be responsible for facilitating efficient and accurate financial operations across the regional portfolio, coordinating with Head Office Property Accounting, regional Property Managers and Asset Managers, and other stakeholders.

Assets managed will be within Manulife/John Hancock’s U.S. Real Estate holdings in the Northeast Region, which include both third-party fund and general account assets, and include a mix of office, industrial, and multi-family properties.

The role reports to the Financial Operations Manager, Northeast Region.

Responsibilities:

Coordination of all regional financial operations and relevant stakeholders.

  • Facilitate financial reporting from regional Property Managers.  Consolidate results for review with regional Asset Managers.

  • Liaise with Head Office Property Accounting on accounting transactions, lease administration activity and financial reporting.  Ensure that required information is accurately entered into Yardi accounting system.

  • Review, analyze, communicate and resolve any financial accounting issues that may arise.

  • Maintain systems and adhere to policies for regional storage as required for contracts, operational documentation, credit and security documentation and financial statements.

Support regional financial operations and activities.

  • Responsible for local management of accounts receivable activities, payment/reimbursement administration, debt compliance monitoring and tenant relations specific to financial operations. 

  • Responsible for annual lease auditing and abstracting to validate compliance, including confirmation of accurate operating expense and common area maintenance expense application.

  • Organize property financial data, rent rolls and capital plans for the quarterly appraisal process for the regional portfolio. Support quarterly transmissions of information to external appraisers and review checklists to internal teams.

  • Provide support on all real estate tax issues including coordinating all information, assessments, appeals and communication with consultants. Main point of contact for the real estate tax consultants, lawyers, assessors and the City Tax Department.

  • Support the annual policy and procedure audits for each property management office on an annual basis, in coordination with Head Office.  Support coordination of the annual operating costs audits with external auditors; these audits form part of the Year End recovery billing that is forwarded to tenants.

Contribute to financial and operational reporting.

  • Assist in preparation, review and analysis of financial statements and budgets for each property; ensure accuracy and completion on a timely basis.

  • Prepare and review variance commentary and rent roll analysis with the Property Administration, Property Management, and Asset Management teams.

  • Produce reports from Building Engines (work order system) and Honest Buildings (project management system) and other systems to track and communicate regional operational and project tracking activity.

  • On a monthly basis or as required, assist in preparation of property reporting packages for joint venture partners, including cash flow statements, operating statements with variance analysis, capital expenditure reports and bank reconciliation.   Ensure data is accurate, complete and timely and is presented in a professional format.                                                                                                                                                

Knowledge/Skills/Competencies/Education:

  • Bachelor’s Degree in business, finance, accounting or real estate management required.

  • Minimum 3 years of experience in accounting/financial administration, preferably with experience in the real estate industry.

  • Strong knowledge of real estate accounting and administration concepts.  Experience working with real estate funds a plus.

  • Ability to manage a team and effectively assign tasks to achieve objectives and deadlines.

  • Ability to work as a team player and to develop strong working relationships across various groups and locations.

  • Excellent influencing and communication skills. Sound analytical and problem-solving skills.

  • Effective customer service and interpersonal skills.

  • Strong organizational, time management and priority setting skills to meet tight deadlines.

  • Excellent computer and spreadsheet skills and proficiency of real estate accounting systems.

  • Proficiency with Microsoft Excel and Argus Enterprise. 

  • Experience with real estate accounting systems required, experience with Yardi a plus.

If you are ready to unleash your potential it’s time to start your career with Manulife/John Hancock.

About Manulife

Manulife Financial Corporation is a leading international financial services group that helps people make their decisions easier and lives better. With our global headquarters in Toronto, Canada, we operate as Manulife across our offices in Canada, Asia, and Europe, and primarily as John Hancock in the United States. We provide financial advice, insurance, and wealth and asset management solutions for individuals, groups and institutions. At the end of 2019, we had more than 35,000 employees, over 98,000 agents, and thousands of distribution partners, serving almost 30 million customers. As of June 30, 2020, we had $1.2 trillion (US$0.9 trillion) in assets under management and administration, and in the previous 12 months we made $30.6 billion in payments to our customers. Our principal operations are in Asia, Canada and the United States where we have served customers for more than 155 years. We trade as 'MFC' on the Toronto, New York, and the Philippine stock exchanges and under '945' in Hong Kong.

Manulife is an equal opportunity employer.   We strive to attract, develop and retain a workforce that is as diverse as the customers we serve and to foster an inclusive work environment that embraces the strength of cultures and individuals.  We are committed to fair recruitment, retention and advancement and we administer all of our practices and programs based on qualification and performance and without discrimination on any protected ground.

It is our priority to remove barriers to provide equal access to employment.  A Human Resources representative will consult with applicants contacted to participate at any stage of the recruitment process who request any accommodation. Information received regarding the accommodation needs of applicants will be addressed confidentially.

Job Functions


  • Accounting / Control
  • Property Management
 

Job Sectors


  • Industrial
  • Office
 

Experience


2+ to 5 years


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