Job Description
About Us:
Outsourced. ph is a leading ISO-certified Philippines offshore outsourcing company that provides dedicated remote staff to some of the world's leading international companies. Outsourced is recognized as one of the Best Places to Work and has achieved Great Place to Work Certification. We are committed to providing a positive and supportive work environment where all staff can thrive. As an Outsourced staff member, you will enjoy a fun and friendly working environment, competitive salaries, opportunities for growth and development, work-life balance, and the chance to share your passion with a team of over 1,000 talented professionals
About This Position
This position is responsible for maintaining the general ledger(s) and issuing monthly and year-end financial
reports with supporting workpapers for one or more properties. Responsibilities include analysis, general
ledger account reconciliations, staying abreast of pertinent sections of lease, loan, and operating
agreements, budgeting and reforecasting, and CAM reconciliations.
Essential Responsibilities
- Financial Reporting/ Analysis/ Forecasting:
- Prepares journal entries with review and understanding of the general ledger(s).
- Prepares the monthly operating report for each building assigned by collaborating with
the property management staff.
- Performs account analysis on income and expenses.
- Prepares a capital expenditure reporting package for each completed project.
- Prepares workpapers for annual audits. Works closely with the auditors and Tax Director.
- Works with property management team to compile the annual budget for properties assigned. Enters leasing assumptions provided by property manager, calculates estimated interest income, management fees, real estate taxes, debt service, audit fees, deferred cost amortization, business taxes, bank fees, payroll costs.
- Handles financial debt covenants compliance reporting for managed properties.
- CAM Reconciliation:
- Prepares the annual estimated and reconciliation calculations of the expense recovery (escalation process)
- Cash:
- Initiates fund transfer requests.
- Updates schedule showing daily cash balances.
- Performs reconciliation of cash accounts.
- Inter-Company:
- Performs annual inter-company GL account reconciliations.
- Accounts Payable:
- Reviews A/P invoices and reports prior to check printing for appropriate coding and approvals
- Ensures timely remittance of property taxes, loan payments and other date sensitive obligations.
- Accounts Receivable:
- Reconciles the month-end A/R report to G/L.
- Review cash receipt reports before posting.
- Ensures security deposit ledger is current.
- Reconciles the tenant bill-back suspense account quarterly.
- Other:
- Works with property managers and other building staff and/or lenders to resolve accounting related issues.
- Lease administration related duties:
- Review lease information input accurately into the accounting system.
ii. Prepare and maintain financial reports related to leases, including rent roll, lease abstracts, and occupancy/vacancy reports.
iii. Collaborate with the property management team to manage lease renewals and amendments.
iv. Assist in preparing documentation for lease audits, both internal and external.
- Performs the following tasks or special assignments as required:
- Review work (journal entries, monthly operating reports, workpapers, etc.).
ii. Assist in performing accounting due diligence of potential acquisitions.
iii. Assist in proper accounting for property sales, trades, acquisitions, or re-capitalizations.
iv. Assist in transitioning accounting related tasks of newly acquired properties.
COMPETENCIES
Strong Accounting Skills And Attention To Detail Required.
Excellent computer skills including proficiency in Excel, Word, Outlook, and PowerPoint.
Demonstrated proficiency in computer-based accounting applications required. Experience with Yardi or MRI strongly preferred. Experience with budgeting software a plus.
Strong Video Conferencing skills.
Strong Analytical, Organizational, And Time Management Skills Required.
Strong communication skills (oral and written) required.
Demonstrates consistency in values, principles, and work ethic.
Customer service orientation and strong presentation skills to internal and external parties required.
Ability to work independently and within a team to build relationships and interact effectively with business partners.
Ability to multi-task, work successfully under pressure, and effectively prioritize and manage time
and workload to meet client needs.
Willingness to take on new challenges, responsibilities, and assignments.
Ability to comfortably work from home with reliable resources.
Qualifications
Bachelor's degree in accounting. CPA or Master's in accounting a plus.
Minimum of five years of commercial property accounting experience required with full month-end
and year-end general ledger close and financial statement preparation.
Experience with accounting for a commercial property during the development phase is a plus.
Experience preparing financial statements based on various accounting methods is a plus.
Work Location
- Home-based
- Should have strong internet connection (minimum of 20 mbps)
- Should have own Laptop/PC (minimum of i5 8GB RAM)
Note: As part of our recruitment process, we conduct a background check on all hired candidates. Please ensure that all required documents are prepared and submitted promptly.
By clicking on the I'm Interested button I hereby allow Outsourced Quality Assured Services, Inc. (Outsourced) to store and collect my personal information for the purposes of employment application. As such, I agree and authorize Outsourced to collect, store, or continue to use my personal information for the above-stated purpose, and to retain my personal information for a period of 1 year, and for these purposes only.
