Property Financial Manager, Industrial
Austin, TX - USA
Job Summary
The Property Financial Manager is the financial backbone of Streams Austin industrial property management platform serving as the liaison between Corporate Accounting and the local Property Management teams across the entire industrial portfolio. This role owns the financial performance of the portfolios assets monitoring results leading budgeting forecasting and reporting and partnering closely with Property Managers to deliver accurate compliant and on-time financial packages to clients. The Financial Manager is expected to bring an ownership mentality to every assignment getting ahead of issues rather than reacting to them. Depending on portfolio needs this position may carry supervisory responsibility.
Primary Responsibilities
Property Management & Accounting Support
- Provide back-up invoice-approval support to Property Managers; research and resolve accounting questions from internal Accountants and clients
- Coordinate with Accountants on buyer/seller final settlements during property transitions
Lease Administration & CAM
- Review and approve lease abstracts/profiles and enter OPEX recovery setups in the accounting system
- Manage CAM reconciliation inquiries from tenants and oversee the tenant audit process
- Prepare complex tenant ledger reconciliations to support the PM teams collection and default resolution efforts
Monthly Financial Close
- Own the full monthly close cycle: approve accruals AR reviews CAPEX distributions AR batches rent-ups and commercial billings
- Review the general ledger for consistency and accuracy; prepare and submit reclass entries as needed
- Finalize monthly variance reports and rent roll reconciliations; reconcile tenant security deposit ledgers
Budgeting Forecasting & Reconciliations
- Lead annual budget preparation reforecasts and operating expense reconciliations across the full industrial portfolio
- Serve as the primary financial point of contact for clients answering questions on budgets financials and CAM recoveries and producing custom financial reports on request
Compliance Systems & Training
- Ensure SOC 1 compliance when reviewing and preparing all transactions across applicable assets
- Monitor vendor and tenant insurance compliance against lease and client requirements; maintain current COI records via NetVendor
- Provide Yardi/accounting-system mentoring training and support to the Property Management team
- Assist with special projects for the assigned portfolio as needed
Qualifications :
- Bachelors degree preferred
- 3 years of experience in a similar role ideally with prior commercial property management experience carrying significant financial responsibility
- Advanced accounting knowledge including accruals general ledger review and full-cycle financial reporting (leasing reports executive summaries variance reports)
- Advanced knowledge of commercial lease recovery language and lease types (NNN base year/expense stop gross-ups caps options termination fee calculations)
- Proficiency with Yardi and/or MRI with the adaptability to work across multiple platforms (e.g. Impak NetVendor)
- Strong financial and analytical mindset with exceptional attention to detail
- Proficiency with Microsoft Office particularly Excel
- Ability to independently research and resolve complex items lease language TI overages lockouts defaults termination fee calculations with limited supervision
- Strong organizational and communication skills with a deadline-driven proactive solutions-oriented approach
- Mentoring capability and a desire to grow within Streams property management department
Additional Information :
#LI-OnSite #LI-GD1
Stream is an equal-opportunity employer and does not discriminate on the basis of ethnicity race religion sexual orientation gender identity age national origin disability military status or any other reason prohibited by law.
Stream Realty Partners offers competitive salaries bonuses medical/dental/vision insurance pharmacy benefits health savings account flexible spending accounts 401(k) plan with company matching PTO and holiday pay. Individual compensation packages are based on various factors unique to each candidate including skill set experience qualifications location and other job-related reasons.
To apply for a position please visit our website at
Remote Work :
No
Employment Type :
Full-time
About Company
ABOUT STREAM REALTY PARTNERS Founded in 1996, Stream Realty Partners (Stream) began with a vision. Not one focused on bricks and mortar, but with people at its foundation. With 215+ million square feet of assignments and more than $5.8 billion in annual transactions, we are one of t ... View more