Senior Associate, Property Accounting
Who We Are
Core Spaces (Core) is more than a real estate company, its a people company. Where building relationships is just as important as building properties. From researchers and architects to designers and operators, Core is made up of risk takers and dreamers who are on a mission to invent the future of living. Our six cultural values guide us every day and we strive to live them in everything we do: PUSH (Invent Better Places to Live), GRIT (We Got This), LIFT (Help Each Other Win), SHINE (Bring Your Full Self), UPHOLD (Never Break Trust), GROW (Always Get Better). Everything Core does stems from this culture of collaboration and innovation, and the drive to constantly improve the resident experience. This unique approach has led to creating spaces and services that are redefining the way people live.
What We Do
Founded in 2010, Core is a vertically integrated company focused on acquiring, developing, managing, and lending across the student housing and build-to-rent (BTR) sectors. Its residential communities feature world-class amenities, progressive design, and hospitality-driven client service. In its award-winning student portfolio, Core currently owns and/or manages over 45,600 beds* and has a pipeline of over 45,000 beds* in various stages of development. Core's BTR division currently has over 3,000 homes under development and in its pipeline in high-growth metros across the country. For more information, visit www.corespaces.com.
Portfolio and pipeline numbers as of November 2024
Benefits That Matter
A culture that provides you with a sense of belonging
Hybrid and remote work options to promote work-life balance
Competitive pay that values your contributions
Annual incentive to reward your achievements
Paid unlimited PTO to disconnect or celebrate life milestones
Paid 16 holidays, including your birthday, to disconnect and celebrate
Paid Parental Leave that begins after 90 days
Paid volunteer time off to give back to your community
Monthly workshop weeks; fewer meetings & more collaboration
Robust health plan options that begin within at least 30 days of your employment
Monthly phone reimbursement
Wellness allowance and perks, including a yearly subscription to a meditation app
An environment that provides you a voice to share your perspectives
Employee Assistance Program (EAP) for access to confidential support services
Company retirement options including 401(k) + matching & Roth account option
Position Overview
As our Senior Property Accountant, you will be preparing and analyzing financial results of operational properties, including the preparation of the following: GAAP financial statements, financial forecasts, reporting packages to investors, general ledger review, variance analysis, and audited financial statements. This position will also assist the manager with the coaching and development of staff.
What You Will Do
Perform monthly, quarterly, and annual accounting activities, including organization, reconciliation, and review of financial reports.
Work closely with the operations team to ensure they are receiving the information required to effectively operate the properties and that the reporting calendar is being met.
Research monthly variances from budget and assist operations and accounting staff with variance explanations.
Assist site team and asset managers with annual budget preparation.
Lead the distribution of financial reporting packages to lenders and partners.
Review and ensure compliance with accounting policies & procedures and resolve accounting related issues.
Perform monthly account analysis of selected general ledger accounts to ensure accounts properly reflect the Companys financial position in accordance with company policy and GAAP.
Review ledger detail, prepare/review adjusting journal entries, and supporting schedules for GAAP-based financial statements.
Prepare property financial statements and supporting schedules monthly.
Coordinate all audit/investor inquiries pertaining to the operating financials.
Prepare property acquisition and disposition journal entries.
Lead the onboarding and set up of property acquisitions.
Prepare lender reporting packages, debt covenant calculations and work directly with the accounting manager to ensure compliance with loan requirements.
Review bank reconciliations and journal entries as needed.
Provide guidance on Cores accounting policies by leading training sessions on policies & procedures across all departments.
Calculate ownership distributions utilizing cash flow analysis.
Manage fixed assets in Sage and perform quarterly roll-forward reconciliations.
Assist the Property Accounting Manager with ad hoc projects as needed.
Occasional travel may be necessary as needed
Perform all other duties and tasks as assigned by management
Must be able to complete all physical requirements of this role with or without a reasonable accommodation
Ideally, you'll have
Bachelor's degree in Accounting
4+ years of relevant experience
Detail oriented and ability to problem solve, research, and multi-task
Strong knowledge of GAAP compliancy
Experience working in Accounting Software Programs
Proficiency in MS Outlook, Excel, Word
Excellent interpersonal and organizational skills
Ability to multi-task and manage shifting priorities in a fast-paced environment
Attention to detail and high level of accuracy
You'll crush it if you have experience with
Real Estate Development or Construction Accounting
Entrata Accounting Software Program
Yardi experience
Organizational Structure
Reports to: Property Accounting Manager
Direct Reports: N/A
Disclaimer: Please note that job responsibilities, reporting lines, and duties outlined in this job description are subject to change to meet the evolving needs of the organization.
Base salary starts at $85k annually, with final compensation dependent on experience and qualifications. Includes a bonus opportunity starting at 10% of the annual base salary, based on individual and company performance.
As an Equal Opportunity Employer, Core Spaces celebrates diversity and is committed to creating an equitable and inclusive environment, which creates a sense of belonging for all employees. We do not discriminate and believe every individual should be proud of who they are and the community they represent.
Apply Now
For more such jobs please click here!
Core Spaces (Core) is more than a real estate company, its a people company. Where building relationships is just as important as building properties. From researchers and architects to designers and operators, Core is made up of risk takers and dreamers who are on a mission to invent the future of living. Our six cultural values guide us every day and we strive to live them in everything we do: PUSH (Invent Better Places to Live), GRIT (We Got This), LIFT (Help Each Other Win), SHINE (Bring Your Full Self), UPHOLD (Never Break Trust), GROW (Always Get Better). Everything Core does stems from this culture of collaboration and innovation, and the drive to constantly improve the resident experience. This unique approach has led to creating spaces and services that are redefining the way people live.
What We Do
Founded in 2010, Core is a vertically integrated company focused on acquiring, developing, managing, and lending across the student housing and build-to-rent (BTR) sectors. Its residential communities feature world-class amenities, progressive design, and hospitality-driven client service. In its award-winning student portfolio, Core currently owns and/or manages over 45,600 beds* and has a pipeline of over 45,000 beds* in various stages of development. Core's BTR division currently has over 3,000 homes under development and in its pipeline in high-growth metros across the country. For more information, visit www.corespaces.com.
Portfolio and pipeline numbers as of November 2024
Benefits That Matter
A culture that provides you with a sense of belonging
Hybrid and remote work options to promote work-life balance
Competitive pay that values your contributions
Annual incentive to reward your achievements
Paid unlimited PTO to disconnect or celebrate life milestones
Paid 16 holidays, including your birthday, to disconnect and celebrate
Paid Parental Leave that begins after 90 days
Paid volunteer time off to give back to your community
Monthly workshop weeks; fewer meetings & more collaboration
Robust health plan options that begin within at least 30 days of your employment
Monthly phone reimbursement
Wellness allowance and perks, including a yearly subscription to a meditation app
An environment that provides you a voice to share your perspectives
Employee Assistance Program (EAP) for access to confidential support services
Company retirement options including 401(k) + matching & Roth account option
Position Overview
As our Senior Property Accountant, you will be preparing and analyzing financial results of operational properties, including the preparation of the following: GAAP financial statements, financial forecasts, reporting packages to investors, general ledger review, variance analysis, and audited financial statements. This position will also assist the manager with the coaching and development of staff.
What You Will Do
Perform monthly, quarterly, and annual accounting activities, including organization, reconciliation, and review of financial reports.
Work closely with the operations team to ensure they are receiving the information required to effectively operate the properties and that the reporting calendar is being met.
Research monthly variances from budget and assist operations and accounting staff with variance explanations.
Assist site team and asset managers with annual budget preparation.
Lead the distribution of financial reporting packages to lenders and partners.
Review and ensure compliance with accounting policies & procedures and resolve accounting related issues.
Perform monthly account analysis of selected general ledger accounts to ensure accounts properly reflect the Companys financial position in accordance with company policy and GAAP.
Review ledger detail, prepare/review adjusting journal entries, and supporting schedules for GAAP-based financial statements.
Prepare property financial statements and supporting schedules monthly.
Coordinate all audit/investor inquiries pertaining to the operating financials.
Prepare property acquisition and disposition journal entries.
Lead the onboarding and set up of property acquisitions.
Prepare lender reporting packages, debt covenant calculations and work directly with the accounting manager to ensure compliance with loan requirements.
Review bank reconciliations and journal entries as needed.
Provide guidance on Cores accounting policies by leading training sessions on policies & procedures across all departments.
Calculate ownership distributions utilizing cash flow analysis.
Manage fixed assets in Sage and perform quarterly roll-forward reconciliations.
Assist the Property Accounting Manager with ad hoc projects as needed.
Occasional travel may be necessary as needed
Perform all other duties and tasks as assigned by management
Must be able to complete all physical requirements of this role with or without a reasonable accommodation
Ideally, you'll have
Bachelor's degree in Accounting
4+ years of relevant experience
Detail oriented and ability to problem solve, research, and multi-task
Strong knowledge of GAAP compliancy
Experience working in Accounting Software Programs
Proficiency in MS Outlook, Excel, Word
Excellent interpersonal and organizational skills
Ability to multi-task and manage shifting priorities in a fast-paced environment
Attention to detail and high level of accuracy
You'll crush it if you have experience with
Real Estate Development or Construction Accounting
Entrata Accounting Software Program
Yardi experience
Organizational Structure
Reports to: Property Accounting Manager
Direct Reports: N/A
Disclaimer: Please note that job responsibilities, reporting lines, and duties outlined in this job description are subject to change to meet the evolving needs of the organization.
Base salary starts at $85k annually, with final compensation dependent on experience and qualifications. Includes a bonus opportunity starting at 10% of the annual base salary, based on individual and company performance.
As an Equal Opportunity Employer, Core Spaces celebrates diversity and is committed to creating an equitable and inclusive environment, which creates a sense of belonging for all employees. We do not discriminate and believe every individual should be proud of who they are and the community they represent.
Apply Now
For more such jobs please click here!