Vice President, Residential Accounting

Responsibilities

The Vice President will oversee the Residential Accounting group. The Residential Accounting group is responsible for the performance of all accounting functions associated with Related’s market based residential portfolio within the domestic US.  The group’s responsibilities include internal and external management reporting, debt and investor compliance as well as interacting with the Treasury, Information Technology and Lease Administration groups.

The Vice President will be responsible to lead a team of 17 accounting professionals through the financial reporting process, monthly accounting activities, property performance and budget variance analysis and cash management activities. This position also involves collaboration with the Corporate finance team and senior business leaders to produce a variety of high quality financial reports that are used companywide for reporting, analysis and planning. The ideal candidate is a highly entrepreneurial and self-motivated person who thrives in a dynamic work environment and demonstrates a flexible and adaptable work style that responds quickly and efficiently under tight deadlines. The Vice President will report to the Chief Accounting Officer and will be based in our New York City office on a hybrid office schedule.

 

Responsibilities include but are not limited to:

 

• Lead an experienced team in properly accounting for various building operations and transactions
• Review and analyze the general ledger ensuring appropriate accrual, cash and adjusting journal entries are recorded timely
• Ensure detailed monthly, quarterly and year-end work paper packages are completed
• Prepare financial statements and analysis for management and partners on a GAAP and cash basis
• Collaborate with business executives on cash flow forecasting
• Preparation of annual audited property financial statements on a GAAP basis
• Assist with preparation of yearly budgets and quarterly forecasting
• Create reporting templates, formulate analysis to generate efficiencies and participate in various business process/technology integration initiatives
• Assist with special projects, as needed 

Qualifications

• Bachelor’s degree in Accounting
• 15+ years of real estate experience, CPA preferred
• Public accounting experience preferred
• Strong knowledge of GAAP/accounting theory
• Working knowledge of cash basis accounting principles
• Excellent written and communication skills
• Strong analytical ability
• Mature professional with sound judgement and interpersonal skills
• Proficiency with standard suite of Microsoft Office applications, especially Excel
• Knowledge of JD Edwards a plus
• Ability to handle multiple tasks and work independently with attention to details

Compensation

The anticipated base salary range for this position is listed below. In addition to a competitive base salary, you will be eligible to receive discretionary bonus incentives and a comprehensive benefits package.

 

Anticipated base salary range: $200,000 - $225,000

Actual base salary within the anticipated range will be determined by several components including, but not limited to, the individual's experience, skills, qualifications, and market factors.

Overview

Formed in 1972, Related is the most prominent privately-owned real estate firm in the United States.  Headquartered in New York City, the company has offices and major developments across the world.  Related owns and manages a premier portfolio of assets valued at over $70 billion, including the 28-acre Hudson Yards neighborhood on Manhattan’s West Side.   

Related believes in investing in its talent and cultivates a positive, team-oriented environment where every voice is valued.  Employees are encouraged to boldly take on new challenges, transcend the status quo, and demonstrate strong entrepreneurial spirit.  In its relentless commitment to excellence, Related works to foster an innovative approach in its team members so that they can positively impact the communities in which they conduct business.  Learn more about Related at www.related.com. 

• Bachelor’s degree in Accounting
• 15+ years of real estate experience, CPA preferred
• Public accounting experience preferred
• Strong knowledge of GAAP/accounting theory
• Working knowledge of cash basis accounting principles
• Excellent written and communication skills
• Strong analytical ability
• Mature professional with sound judgement and interpersonal skills
• Proficiency with standard suite of Microsoft Office applications, especially Excel
• Knowledge of JD Edwards a plus
• Ability to handle multiple tasks and work independently with attention to details

Compensation

The anticipated base salary range for this position is listed below. In addition to a competitive base salary, you will be eligible to receive discretionary bonus incentives and a comprehensive benefits package.

 

Anticipated base salary range: $200,000 - $225,000

Actual base salary within the anticipated range will be determined by several components including, but not limited to, the individual's experience, skills, qualifications, and market factors.

The Vice President will oversee the Residential Accounting group. The Residential Accounting group is responsible for the performance of all accounting functions associated with Related’s market based residential portfolio within the domestic US.  The group’s responsibilities include internal and external management reporting, debt and investor compliance as well as interacting with the Treasury, Information Technology and Lease Administration groups.

The Vice President will be responsible to lead a team of 17 accounting professionals through the financial reporting process, monthly accounting activities, property performance and budget variance analysis and cash management activities. This position also involves collaboration with the Corporate finance team and senior business leaders to produce a variety of high quality financial reports that are used companywide for reporting, analysis and planning. The ideal candidate is a highly entrepreneurial and self-motivated person who thrives in a dynamic work environment and demonstrates a flexible and adaptable work style that responds quickly and efficiently under tight deadlines. The Vice President will report to the Chief Accounting Officer and will be based in our New York City office on a hybrid office schedule.

 

Responsibilities include but are not limited to:

 

• Lead an experienced team in properly accounting for various building operations and transactions
• Review and analyze the general ledger ensuring appropriate accrual, cash and adjusting journal entries are recorded timely
• Ensure detailed monthly, quarterly and year-end work paper packages are completed
• Prepare financial statements and analysis for management and partners on a GAAP and cash basis
• Collaborate with business executives on cash flow forecasting
• Preparation of annual audited property financial statements on a GAAP basis
• Assist with preparation of yearly budgets and quarterly forecasting
• Create reporting templates, formulate analysis to generate efficiencies and participate in various business process/technology integration initiatives
• Assist with special projects, as needed