The Role
The Corporate Accounting Director oversees full-cycle accounting, manages financial reporting, ensures GAAP compliance, coordinates allocations, and serves as a liaison for accounting systems.
Summary Generated by Built In
The Corporate Accounting Director is responsible for the accounting activities for the Management Company, allocation of expenses across the across properties, entities, and business lines, and accounting for intercompany and equity accounting. Furthermore, this role leads the coordination and distribution of all periodic financial reports, ensuring their compliance with the company’s regulations, professional standards, and GAAP reporting guidelines.
ESSENTIAL FUNCTIONS
- Oversee full-cycle accounting for the management company and related corporate entities.
- Manage monthly, quarterly, and annual close processes, including preparation and review of journal entries, reconciliations, and financial statements.
- Maintain the general ledger and ensure financial records are complete and accurate in accordance with GAAP.
- Prepare internal financial reporting packages and variance analyses for management.
- Ensure timely and accurate recording of management fees, reimbursements, and corporate expenses.
- Manage corporate allocation processes across properties, entities, and business lines.
- Ensure allocations are prepared accurately and consistently in accordance with company methodologies.
- Review and improve allocation models and supporting documentation.
- Coordinate with operations and finance teams regarding allocation updates and reporting impacts.
- Prepare and review lender reporting packages and debt compliance calculations.
- Monitor covenant compliance and reporting deadlines across financing agreements.
- Coordinate annual audits and prepare supporting schedules and documentation.
- Research, analyze, and document accounting treatment for non-routine and complex transactions.
- Serve as the company’s primary point person for Yardi systems administration, including provisioning of new users, maintaining appropriate user permissions, and general user support with the internal accounting team.
- Serve as the primary liaison for accounting systems, including coordination with IT, system administrators, and third-party vendors.
- Assist with system implementations, upgrades, integrations, and testing related to accounting and financial reporting platforms.
· Corporate & Management Company Accounting
· Corporate Allocations
· Technical Accounting, Debt Compliance & Reporting
· Accounting Systems
MINIMUM REQUIRED QUALIFICATIONS:
- Bachelor’s degree in Accounting or Finance required.
- CPA preferred.
- 7+ years of progressive accounting experience, preferably within real estate or multi-entity organizations.
- Strong understanding of GAAP and corporate accounting principles.
- Experience managing full-cycle accounting for a corporate or management company environment.
- Experience with technical accounting research, accounting memorandums, and non-routine transactions.
- Strong Excel and Yardi/accounting system experience.
- In-depth understanding and technical expertise in accounting standards, procedures, and policies
Caruso is an equal opportunity employer. We celebrate a diverse and inclusive workforce that reflects the communities we serve. We believe that diversity of thought, background, and experience makes us stronger and more innovative. We do not discriminate against any employee or applicant for employment and comply with all applicable laws providing equal employment opportunities. We foster a workplace where everyone feels welcome, respected, and valued. We are committed to creating a workplace where everyone can thrive.
Skills Required
- Bachelor's degree in Accounting or Finance
- CPA
- 7+ years of progressive accounting experience
- Strong understanding of GAAP and corporate accounting principles
- Experience managing full-cycle accounting
- Experience with technical accounting research
- Strong Excel and Yardi experience
- In-depth understanding of accounting standards
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The Company
What We Do
Recognized around the world as the most innovative and successful developer of retail complexes, Caruso continues to be the leader in the industry for sales, popularity, growth and the highest quality portfolio. By combining a focus on driving sales, a passion for architectural and design excellence, a commitment to serving the needs of the local community, and close attention to offering a one-of-a-kind guest experience, Caruso has become the most admired real estate development firm in the industry
