Description
We are looking for an Assistant Controller for CBRE Investment Accounting & Reporting Solutions ("CBRE IA&R"),where you will work in an ambitious and growing environment. Under some supervision you will be responsible for the financial reporting and analytical review of the property owner entity, related taxable REIT subsidiary entity, if any and parent company/JV entity. You will prepare monthly, quarterly and annual financial reporting packages and other client reporting as required.
Essential duties and responsibilities:
Financial reporting packages:
Produces financial reporting packages and other required financial information and analytics for all property related entities as required. Financial reporting packages include the preparation of workpapers for all balance sheet general ledger accounts on a monthly or quarterly basis in addition to standard financial statements.
Financial statements are prepared on the reporting basis determined by the client (i.e. US GAAP - Historical Cost or Fair Value). Works with client's auditors for interim and year end audits; helps draft annual audit report.
Monitors Financial Performance:
Compiles, analyzes, and monitors financial data by performing detailed review of monthly property owner reports including but not limited to: operating statement variance reports, aged receivables, aged payables and capital expenditures variance to budget.
Treasury Function:
Supports the daily activities of cash management. Prepares monthly bank reconciliations manually recording journal entries for reconciling items if needed. Reviews cash balances to avoid shortfalls, prepares capital calls or loan draws for funding when needed and requested by client. Prepares distribution waterfalls and executes distribution when required. Manages cash security deposits and major property related payments including but not limited to debt service, municipal taxes, real estate taxes and ground rent if applicable.
Lease Administration:
Review lease abstracts and lease recurring charge set up. Prepares escalation/CAM calculation for income budgeting/billing estimates and annual true ups.
Customer Service:
Troubleshoots escalated issues and ensures internal and client requests are handled timely, accurately and with a focus on customer service. Participate in recurring meetings with the client, adding value where needed.
Systems:
Participates in systems testing and implementation related tasks if necessary.
Special Projects:
May participate in special projects including new property set-up or disposition.
Other Duties:
Performs other duties as assigned.
Supervisory Responsibilities:
No formal supervisory responsibilities in this position however may guide lower level employees.
Job requirements
Degree from a four-year college or university program with an emphasis in accounting, finance or related field required.
A minimum of three years accounting experience or equivalent combination of education and experience required. Prior experience in real estate accounting and analytics preferred.
Solid organization skills and analytical skills a must.
Communicates clearly, effectively and concisely. Should have presentation skills, solid written and verbal communication skills.
Requires intermediate knowledge of Generally Accepted Accounting Principles (GAAP) and Financial Accounting Standards Board (FASB) regulations including an intermediate knowledge of financial terms and principles to include accounting methods: cash, accrual, and GAAP.
Ability to comprehend, analyze, interpret complex documents and problem solve.
Requires intermediate analytical and quantitative skills, solid economics, math and analytical skills and ability to apply them.
Knowledge of real estate terms, definitions, and real estate analytical methodology. Knowledge of company financial systems as well as internal and external information sources. Intermediate knowledge of computer software and hardware (i.e., Microsoft Office Suite Products with focus on Excel). Ability to work in multiple accounting and/or reporting software applications.
Decisions made with general understanding of procedures and company policies to achieve set results and deadlines.
CBRE Investment Accounting & Reporting Solutions
CBRE, is the largest commercial real estate company in the world and is comprised of several business lines including leasing services, capital markets, valuations & advisory services, and property management, with regional and global capabilities in all major markets around the globe. Within property management, our CBRE Investment Accounting & Reporting (IA&R) group is the leader in providing investment managers with vertically integrated accounting and data solutions, from property through funds.
CBRE IA&R provides is the only 100% dedicated Real Estate Fund and Property accounting business supporting Global and Pan-European coordination for clients providing Fund & SPV Accounting, Investor Reporting, and Performance Measurement services to real estate investment companies, sovereign wealth funds, and other institutional investors in key financial markets.
Our team of professionals offers unmatched dedication to real estate. We serve only real estate and have a history of successfully serving all real estate asset classes, including simple to complex investment structures.
We have dedicated fund and investor reporting teams in 18 countries, while also being a part of our global accounting and reporting operating platform with a presence in an additional 41 countries for property accounting services to provide completely integrated services.
Within CBRE IA&R, you will be challenged to develop yourself, extend your knowledge and skills, and further improve and professionalize various processes within the company
Department
Investment Oversight
The Investment Oversight team works closely with various other departments within CBRE IA&R as well with the client. The Investment Oversight department is responsible for controlling and reporting tasks at the level of property-owning companies. The team partners with property managers and asset managers of the client as well as other 3rd party advisors (tax, audit, legal) to get detailed understanding of the business and economics of the property-owning companies under their responsibility. The team is responsible for reporting, overall coordination, and finance management tasks.
Click here to learn more about CBRE IA&R.
QUALIFICATIONS To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
EDUCATION and EXPERIENCE Degree from a four-year college or university program with an emphasis in accounting, finance or related field required. A minimum of three years accounting experience or equivalent combination of education and experience required. Prior experience in real estate accounting and analytics preferred.
CERTIFICATES and/or LICENSES
Certified Accountant qualifications in relevant jurisdictions or working towards this. Page 3 COMMUNICATION SKILLS Communicates clearly, effectively and concisely. Has foundational negotiation and presentation skills. Solid written and verbal communication skills. Solid organization skills and analytical skills.
FINANCIAL KNOWLEDGE Requires intermediate knowledge of Generally Accepted Accounting Principles (GAAP) and Financial Accounting Standards Board (FASB) regulations including an intermediate knowledge of financial terms and principles to include accounting methods (cash, accrual, and full GAAP). Ability to calculate intermediate figures such as percentages, discounts, and/or commissions. Conducts intermediate financial analysis. Solid technical financial skills and knowledge of GAAP, FASB, REIS, IFRS, and in-region/incountry standards. At least basic understanding of the tax rules in relevant jurisdiction.
REASONING ABILITY Ability to comprehend, analyze, and interpret complex documents. Ability to solve problems involving several options in situations. Requires intermediate analytical and quantitative skills.
OTHER SKILLS and/or ABILITIES Solid economics, math and analytical skills and ability to apply them and in the pursuit of diverse situations. Knowledge of real estate terms, definitions, and real estate analytical methodology. Knowledge of Company financial systems as well as internal and external information sources. Intermediate knowledge of computer software and hardware (i.e. Microsoft Office Suite Products with focus on Excel). Ability to work in multiple accounting and/or reporting software applications. SCOPE OF
RESPONSIBILITY Decisions made with general understanding of procedures and company policies to achieve set results and deadlines. Responsible for setting own project deadlines. Errors in judgment may cause short-term impact to clients, co-workers and super
CBRE is an equal opportunity/affirmative action employer with a long-standing commitment to providing equal employment opportunity to all qualified applicants regardless of race, color, religion, national origin, sex, sexual orientation, gender identity, pregnancy, age, citizenship, marital status, disability, veteran status, political belief, or any other basis protected by applicable law.
NOTE: An additional requirement for this role is the ability to comply with COVID-19 health and safety protocols, including COVID-19 vaccination proof and/or rigorous testing.
Essential duties and responsibilities:
Financial reporting packages:
Produces financial reporting packages and other required financial information and analytics for all property related entities as required. Financial reporting packages include the preparation of workpapers for all balance sheet general ledger accounts on a monthly or quarterly basis in addition to standard financial statements.
Financial statements are prepared on the reporting basis determined by the client (i.e. US GAAP - Historical Cost or Fair Value). Works with client's auditors for interim and year end audits; helps draft annual audit report.
Monitors Financial Performance:
Compiles, analyzes, and monitors financial data by performing detailed review of monthly property owner reports including but not limited to: operating statement variance reports, aged receivables, aged payables and capital expenditures variance to budget.
Treasury Function:
Supports the daily activities of cash management. Prepares monthly bank reconciliations manually recording journal entries for reconciling items if needed. Reviews cash balances to avoid shortfalls, prepares capital calls or loan draws for funding when needed and requested by client. Prepares distribution waterfalls and executes distribution when required. Manages cash security deposits and major property related payments including but not limited to debt service, municipal taxes, real estate taxes and ground rent if applicable.
Lease Administration:
Review lease abstracts and lease recurring charge set up. Prepares escalation/CAM calculation for income budgeting/billing estimates and annual true ups.
Customer Service:
Troubleshoots escalated issues and ensures internal and client requests are handled timely, accurately and with a focus on customer service. Participate in recurring meetings with the client, adding value where needed.
Systems:
Participates in systems testing and implementation related tasks if necessary.
Special Projects:
May participate in special projects including new property set-up or disposition.
Other Duties:
Performs other duties as assigned.
Supervisory Responsibilities:
No formal supervisory responsibilities in this position however may guide lower level employees.
Job requirements
Degree from a four-year college or university program with an emphasis in accounting, finance or related field required.
A minimum of three years accounting experience or equivalent combination of education and experience required. Prior experience in real estate accounting and analytics preferred.
Solid organization skills and analytical skills a must.
Communicates clearly, effectively and concisely. Should have presentation skills, solid written and verbal communication skills.
Requires intermediate knowledge of Generally Accepted Accounting Principles (GAAP) and Financial Accounting Standards Board (FASB) regulations including an intermediate knowledge of financial terms and principles to include accounting methods: cash, accrual, and GAAP.
Ability to comprehend, analyze, interpret complex documents and problem solve.
Requires intermediate analytical and quantitative skills, solid economics, math and analytical skills and ability to apply them.
Knowledge of real estate terms, definitions, and real estate analytical methodology. Knowledge of company financial systems as well as internal and external information sources. Intermediate knowledge of computer software and hardware (i.e., Microsoft Office Suite Products with focus on Excel). Ability to work in multiple accounting and/or reporting software applications.
Decisions made with general understanding of procedures and company policies to achieve set results and deadlines.
CBRE Investment Accounting & Reporting Solutions
CBRE, is the largest commercial real estate company in the world and is comprised of several business lines including leasing services, capital markets, valuations & advisory services, and property management, with regional and global capabilities in all major markets around the globe. Within property management, our CBRE Investment Accounting & Reporting (IA&R) group is the leader in providing investment managers with vertically integrated accounting and data solutions, from property through funds.
CBRE IA&R provides is the only 100% dedicated Real Estate Fund and Property accounting business supporting Global and Pan-European coordination for clients providing Fund & SPV Accounting, Investor Reporting, and Performance Measurement services to real estate investment companies, sovereign wealth funds, and other institutional investors in key financial markets.
Our team of professionals offers unmatched dedication to real estate. We serve only real estate and have a history of successfully serving all real estate asset classes, including simple to complex investment structures.
We have dedicated fund and investor reporting teams in 18 countries, while also being a part of our global accounting and reporting operating platform with a presence in an additional 41 countries for property accounting services to provide completely integrated services.
Within CBRE IA&R, you will be challenged to develop yourself, extend your knowledge and skills, and further improve and professionalize various processes within the company
Department
Investment Oversight
The Investment Oversight team works closely with various other departments within CBRE IA&R as well with the client. The Investment Oversight department is responsible for controlling and reporting tasks at the level of property-owning companies. The team partners with property managers and asset managers of the client as well as other 3rd party advisors (tax, audit, legal) to get detailed understanding of the business and economics of the property-owning companies under their responsibility. The team is responsible for reporting, overall coordination, and finance management tasks.
Click here to learn more about CBRE IA&R.
QUALIFICATIONS To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
EDUCATION and EXPERIENCE Degree from a four-year college or university program with an emphasis in accounting, finance or related field required. A minimum of three years accounting experience or equivalent combination of education and experience required. Prior experience in real estate accounting and analytics preferred.
CERTIFICATES and/or LICENSES
Certified Accountant qualifications in relevant jurisdictions or working towards this. Page 3 COMMUNICATION SKILLS Communicates clearly, effectively and concisely. Has foundational negotiation and presentation skills. Solid written and verbal communication skills. Solid organization skills and analytical skills.
FINANCIAL KNOWLEDGE Requires intermediate knowledge of Generally Accepted Accounting Principles (GAAP) and Financial Accounting Standards Board (FASB) regulations including an intermediate knowledge of financial terms and principles to include accounting methods (cash, accrual, and full GAAP). Ability to calculate intermediate figures such as percentages, discounts, and/or commissions. Conducts intermediate financial analysis. Solid technical financial skills and knowledge of GAAP, FASB, REIS, IFRS, and in-region/incountry standards. At least basic understanding of the tax rules in relevant jurisdiction.
REASONING ABILITY Ability to comprehend, analyze, and interpret complex documents. Ability to solve problems involving several options in situations. Requires intermediate analytical and quantitative skills.
OTHER SKILLS and/or ABILITIES Solid economics, math and analytical skills and ability to apply them and in the pursuit of diverse situations. Knowledge of real estate terms, definitions, and real estate analytical methodology. Knowledge of Company financial systems as well as internal and external information sources. Intermediate knowledge of computer software and hardware (i.e. Microsoft Office Suite Products with focus on Excel). Ability to work in multiple accounting and/or reporting software applications. SCOPE OF
RESPONSIBILITY Decisions made with general understanding of procedures and company policies to achieve set results and deadlines. Responsible for setting own project deadlines. Errors in judgment may cause short-term impact to clients, co-workers and super
CBRE is an equal opportunity/affirmative action employer with a long-standing commitment to providing equal employment opportunity to all qualified applicants regardless of race, color, religion, national origin, sex, sexual orientation, gender identity, pregnancy, age, citizenship, marital status, disability, veteran status, political belief, or any other basis protected by applicable law.
NOTE: An additional requirement for this role is the ability to comply with COVID-19 health and safety protocols, including COVID-19 vaccination proof and/or rigorous testing.
This job is no longer active.