Leading Boston-based financial services company seeks a Vice President for its Real Estate Operations and Internal Financial Reporting Group. The Group’s primary responsibilities include management and oversight of financial reporting from real estate joint venture partners and other property managers, performing various on-going operational and accounting functions, assisting with real estate acquisitions and other activity, as well as providing on-going support for the Real Estate Investment Group at Eaton Vance. This opportunity will allow a candidate to be exposed to a dynamic combination of leading and managing a team responsible for various aspects of financial reporting and operational functions while also taking a role in real estate acquisition activity. This position requires the candidate to have strong leadership and managerial skills, a strong familiarity with the real estate industry, a solid understanding of GAAP and accounting for real estate, an interest in the investment management industry and an interest in taking a lead role in developing and providing on-going improvement of policies and processes.
Position Responsibilities Include:
· Oversight of the Group’s management of the monthly reporting process of majority owned and wholly owned subsidiaries (currently consisting of fourteenreal estate joint ventures and eleven single member LLCs) which includes:
- Reviewing financial information provided by property managers/administrators on a monthly and quarterly basis to ensure consistency with Fund reporting and compliance with GAAP as well as with agreed upon reporting requirements.
- Overseeing the year-end audit process of all entities, working closely with operating partners and audit firm, and oversee review of final audited financial statements.
· Oversight of various operational and accounting functions pertaining to real estate investments which include:
- Monitoring debt compliance for mortgages and credit facilities and arranging funding when necessary.
- Preparing various internal reporting on a periodic basis.
- Reviewing distributions received from various types of real estate investments to ensure distributions are in compliance with agreements.
- Providing on-going support to the Real Estate Investment Group.
· Oversight of and participation in real estate transactions including:
- Independently analyzing and evaluating accounting and operational issues for real estate transactions for compliance with applicable accounting rules and SEC regulations.
- Establishing reporting requirements of and relationships with property managers as new relationships are developed.
- Establishing appropriate methods of oversight, internal control and administration upon acquisition of new investment type and/or property manager/administrator relationship.
- Working closely with the Real Estate Investment Group at Eaton Vance on various issues and transactions with real estate investments.
- Build and maintain relationships with several outside service providers.
- Special projects, as necessary.
Position Requirements/Qualifications:
We are seeking an individual who will take the lead role in Real Estate Operations and Financial Reporting. Our company has approximately $5 billion of real estate investments which include joint venture investments, wholly-owned properties, partnership preference units and other investments. These investments cover a wide range of property-types and geographic areas. The individual must be a leader comfortable working with and managing various outside service providers, working and contributing to a team environment, enjoy being in an environment where new and complex transactions frequently occur and for which appropriate accounting and reporting methods must be researched and the appropriate methods of oversight, internal control and administration must be considered. Specific qualifications for the position are the following:
- BS and CPA required with at least 3 years of public accounting experience. Big Four public accounting experience preferred
- 10+ years of relevant experience
- Strong knowledge of GAAP and accounting within the real estate industry
- Ability to lead and contribute to a team environment
- Strong ability to motivate staff and maintain a culture of strong work ethic, team environment, and open communication
- Hands-on management style with strong leadership skills
- Project management skills with the ability to multi-task
- Ability to take ownership for responsibilities
- Strong attention to detail
- Strong oral and written communication skills
- Ability to maintain and manage relationships
By joining Eaton Vance, you’ll become part of a company that has one of the best employee retention rates in the financial services industry. We offer competitive salaries, generous benefits, and tremendous opportunities for growth and development. If you do not see a position that fits your career objectives, please return to this site in the future as our hiring needs will change. We look forward to your becoming a part of our continued success!
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