Assistant Vice President, Property Accounting

Ready to shape the future of work
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Inviting applications for the role of Assistant Vice President Property Accounting
In this role you will be responsible for supervising and reviewing the work of team members conducting general and property accounting operations. The responsibilities primarily include executing accurate and timely month-end close process and procedures in accordance with GAAP reviewing the monthly financial reporting and perform detailed analysis of all the accounts in the General Ledger. The Senior manager should possess a thorough knowledge of Accounting Principles and practices knowledge of Property Accounting and ensure accurate effective and efficient processes as per established internal controls.
You must also be willing to work in flexible and varying shifts throughout the year. As a part of the team you must react proactively positively patiently and effectively to seeking clarifications and have a customer centric approach to problem solving.
Responsibilities
This role will be responsible for successful transition of the process and responsible for setting it up FTR (First Time Right)
Function as Subject Matter Specialist for the Property Accounting process complete know how and understanding of the value chain.
The role will require driving growth and ensuring strong engagement stable operations talent development retention and continuous improvements.
Require leading teams manage the overall performance and foster positive work environment.
Other Responsibilities
Financial Planning and Strategy: Collaborate with senior management on financial planning strategic initiatives and real estate investment strategies. Provide financial analysis projections and recommendations to support decision-making and achieve financial goals.
Maintain attrition at the lowest level as per corporate target and proactively plan & execute people movement during high volume or attrition.
Coach & mentor Senior Manager/ Manager and help them on their career pathing to succeed well in their roles.
Ensure team is trained on all corporate/process and skill-based trainings and knowledge retention and improvement in the team.
Develop and run metrics that measure the activities performed by R2R and present them in a synthesized way.
Ensure process controls are appropriately established communicated to employees and timely audited.
Collaborate with members of Finance all client departments and other third parties to continuously surface and diagnose inefficiencies to drive forward the design and implementation of process improvements and documentation.
Identify improvement opportunities using Benchmarking data provide demonstrate to Managers in designing and implementing process improvements and efficiencies along with executing on results required.
Review the SOP Documentation and content creation/improvement.

Property Accounting
Thorough understanding of Financial Reporting financial statements including income statements balance sheets and cash flow statements for individual properties or property portfolios. Ensure accuracy compliance with accounting standards (e.g. GAAP Cash Accrual GAAP etc.) and timely delivery of financial reports.
Interacting with client stakeholders within and outside client organization to support reporting and decision-making related activities at property level.
Understanding of the entire Property Management Process E2E requirements if required can support the operational activities as listed below to drive operational efficiency and continuous improvement.
Capital Expenditure (CapEx) Management: Capital expenditures for property improvements renovations and major repairs. Ensure Capex budgets are tracked against actuals and ensure proper accounting treatment of Capex items.
Property Tax Compliance: Property tax assessments payments abatements and compliance with tax regulations are done as per the due date.
Funds reinvestment: Treasury Bills Certificates of deposits etc. so funds can be appropriately re-invested on time.
Expense Management: Property operating expenses including utilities maintenance repairs insurance taxes and other costs. Ensure accurate coding allocation and recording of expenses to the appropriate property accounts.
Bank reconciliation of operating and non-operating account for all the properties and clearance of open items.
Annual budgets forecasts and financial plans for properties. Review actual performance against budgeted figures analyze variances and provide insights for cost management and revenue optimization.
Audit and Compliance: Documentation and support for internal audits external audits and financial compliance reviews. Ensure adherence to accounting policies internal controls regulatory requirements and industry standards.
Ad-Hoc Analysis and Projects Reporting to stakeholders.
Rent and Lease Management Understanding: Rent rolls lease agreements and tenant accounts receivable/payable. Calculate and process rent payments track lease terms and expirations handle lease renewals adjustments and escalations and reconcile tenant accounts.
Ensure accurate and timely reporting of financial data to stakeholders meeting the accuracy and TAT commitments.

Qualifications we seek in you. (All highlighted are mandate) Minimum qualifications
Relevant Accounting Experience- B. Com M. Com MBA CA CP
Relevant years of overall experience in Property Accounting FP&A and Core Property Accounting) related processes and have prior experience of working with real estate client.
CPA or CPA Candidate preferred.

Excellent written & verbal communication Interpersonal Analytical Skills & highly initiative taking in approach.
Understanding of Yardi JD Edwards MRI will be a preference.
Detailed oriented with a drive for excellence
Ability to work independently and collaboratively.
Able to meet tight deadlines.
Strong Knowledge of US GAAP and property Accounting Principles for US markets.
Excellent analytical organization and critical thinking skills.
Thorough knowledge of Real Estate industry and property accounting Month Close & Period End Accounting and Budgeting
Proficient in MS Office applications especially in Advanced MS-excel knowledge.

Personal skills:
Should have managed the Property Accounting processes for real estate clients in his prior role at managerial positions.
Pride in accuracy.
Prominent level of professionalism and a service attitude.
Experience in team handling of minimum 50 employees.
Establish & Manage client relationship through regular engagement with the client.
Pro-actively identify the issues or client needs and act.
High customer service oriented
Understanding of Visual Basics (Preferred)

Shift
Working for the US Client.
Evening Shift: 5:30PM -2:30AM IST


Why join Genpact
Be a transformation leader Work at the cutting edge of AI automation and digital innovation
Make an impact Drive change for global enterprises and solve business challenges that matter
Accelerate your career Get hands-on experience mentorship and continuous learning opportunities
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Thrive in a values-driven culture Our courage curiosity and incisiveness - built on a foundation of integrity and inclusion - allow your ideas to fuel progress
Come join the tech shapers and growth makers at Genpact and take your career in the only direction that matters: Up.
Lets build tomorrow together.

Genpact is an Equal Opportunity Employer and considers applicants for all positions without regard to race color religion or belief sex age national origin citizenship status marital status military/veteran status genetic information sexual orientation gender identity physical or mental disability or any other characteristic protected by applicable laws. Genpact is committed to creating a dynamic work environment that values respect and integrity customer focus and innovation.
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