Job Description
Overview
At WS Development, we pride ourselves on providing a collaborative, entrepreneurial environment where employees are encouraged to contribute to the decisions, planning, process, and culture of the firm. We are a vertically integrated firm, focused on developing, building, owning, and managing beautiful places where people want to be!
Our Accounting team is growing, and we are looking to add a Property Accountant. This role will require a high degree of collaboration both as a member of a Team and cross-functionally. The Property Accountant will work closely with Lease Compliance, Construction, Development, Property Management, Finance, Leasing, Legal and Tenant Coordination. Relationship building, coupled with a strong work ethic, will be key components to success. This role requires at least 2 days in office at our Chestnut Hill office.
What You’ll Do
The Property Accountant will be responsible for a portfolio of properties including a more complicated staffed property that will be reviewed by a Manager and this role will also issue less complicated properties monthly/quarterly without a Manager’s review. The Property Accountant will be responsible for the monthly preparation of financial statements including balance sheets, income statements, variance analyses, property/tenant statistics and general ledger reconciliations.
This position will also work on upper and lower tier entities within a structure and will take a first pass at REIT testing, where applicable. This position will also be responsible for preparing cash distribution worksheets that will determine if a distribution to the partners is warranted. This role will prepare annual budgets for properties and respond to any questions pertaining to year-end work with outside auditors. The Property Accountant will also work with Tenants and internal clients, responding to inquiries and questions regarding the assigned properties in the portfolio. Ability to maintain both GAAP and Tax reporting for complex properties. Ability to understand all components of tenant leases. Ability to successfully manage cash for complex properties.
The Property Accountant will also be required to prepare Common Area Maintenance and Real Estate Tax tenant billings on a quarterly and/or monthly basis. He/She will also be responsible for Percentage Rent billings for properties and preparing tenant water billbacks on a quarter and/or semi-annual basis for assigned properties.
The Property Accountant will also be responsible for reviewing the work of less experienced Property Accountants – as well as provide training -- on properties that are usually smaller and less complicated. This position will give feedback on Associates that they supervise and may sit in on annual reviews.
Keys to Success
We are looking for someone who enjoys working within a team and can collaborate across all levels of the organization. An ideal candidate is someone who has passion, work ethic and who wants to make a positive impact in a growing organization. To be successful, the individual in this role will be detail oriented, highly organized and will understand the sense of urgency for critical deadlines. but can also conceptualize the big picture.
Requirements
About WS Development
Massachusetts-based WS Development is a mixed-use developer with a singular mission: creating places people want to be. With an approach that values art, science, innovation and, above all else, people, WS strives to engage each community it serves with best-in-class experiences, designed with our customers, tenants and partners in mind. Established in 1990, WS is one of few vertically-integrated real estate companies that conceptualizes, owns, operates and leases more than 100 properties that range from cutting-edge urban spaces to lifestyle and community centers. With over 22 million square feet of existing space and an additional nine million square feet under development, it is one of the largest privately-owned development firms in the country.
WS is where great ideas and great people come together to design, build, and operate some of the best loved real estate projects in the country. We live at the intersection of entrepreneurship and establishment. We have the infrastructure of decades supporting a culture of free-thinking excellence.
We expect every WS employee to feel welcomed and valued irrespective of race, color, religion, gender, gender identity or expression, sexual orientation, national origin, disability, age, veteran status, marital status, parental status, cultural background and life experiences. Or for any other reason.
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