Finance / Accounting - Senior Accountant

Company: Lightstone Group & Affiliates
Location: Lakewood
Posted on: May 21, 2023

Job Description:

COMPANY OVERVIEW:Lightstone, founded by David Lichtenstein, is one of the most diversified privately held real estate companies in the United States. Headquartered in New York City, Lightstone is active in 26 states across the country, developing, managing and investing in all sectors of the real estate market, including residential, hospitality, commercial, and retail. With 174 existing properties, Lightstone's over $7.5 billion portfolio currently includes over 10.4 million square feet of industrial, logistics, life sciences, and commercial properties, over 22,700 residential units, and over 4,300 hotel keys. Lightstone's development portfolio includes over $3.5 billion currently under development in the residential and hospitality sectors spread across New York City, Los Angeles, and Miami.POSITION OVERVIEW:The Senior Accountant ensures the efficient operation of the general accounting functions for all activities associated with the general ledger. This position provides accounting expertise with responsibilities in the areas of journal entries, month-end closing, financial results analysis, budgets, cash flow projections and control, accounts receivable, accounts payable. This position also assists with producing timely and accurate financial reporting for assigned investment portfolios including Hospitality, Commercial and Residential properties. Reports and performs complex professional accounting activities in compliance with applicable standards and specifications.ESSENTIAL FUNCTIONS: Determines and directs the appropriate accounting (recording) and/or disclosure for complex business transactions or the implementation of complex accounting rules.--- Post daily journal entries, accruals, and closing adjustments.--- Review bi-weekly payroll and post entries.--- Prepare bank, investment, and intercompany reconciliations.--- Analyze fixed assets, record depreciation, amortization, disposals, and prepare roll forwards.--- Approve weekly A/P check runs and record all wire transfers.--- Review, approve, and record annual recoveries for property tenants.--- Prepare financial reporting for outside tax preparation firms and banks for debt compliance.--- Prepare annual budgets and quarterly re-forecasted budgets as well as variance analysis.--- Prepare balance sheet reconciliations and P&L analysis.--- Ensure compliance with GAAP/IFRS and SEC accounting and reporting.--- Provide outside auditors supporting documentation and answer related questions.--- Prepares formal written documentation of analysis, conclusions and support for conclusions.--- Review month end and quarter end close.--- Support and assist external auditor's quarterly and annual reviews through development and analysis of data requirements.--- Participates and/or leads special projects. Provides well-developed professional expertise and decision-making abilities.--- Position may be required to perform duties outside their normal responsibilities as needed and when requested.--- Oversight and training of newly hired permanent or temporary staff.--- Responsible for the set-up of any new acquisition which includes, but not limited to:o Setting up work-paperso Assisting with the proration true-upso Determining if there are any unusual nuances to the acquisition that needs to be addressed or handled differentlyo Coordinate initial set up with Management Company and reviews allprocedures with regard monthly reporting.--- Assists with property dispositions including prorations, true ups, and final financials.--- Assists manager with monthly financial review of property work-papers.--- Review of new loans for lender reporting and debt compliance.--- Assists with coordinating and tracking of SOX audit testingQUALIFICATIONS:--- Bachelor's Degree in Accounting or Finance--- Public Accounting experience and/or CPA preferred--- 3-5 years of Accounting experience--- Real Estate Accounting experience preferred, but not required--- Firm understanding of accounting rules for investments under U.S. GAAP (required) as well as U.S. SEC regulations (preferred)--- Ability to prepare financial statements and accompanying footnotes and disclosures.--- Experience with IFRS and USALI a plus--- Strong Analytical skills and ability to remain highly organized in a deadline driven environment while maintaining strict attention to detail.--- Ability to problem-solve and multi-task effectively--- Demonstrated ability to identify errors, problems and opportunities--- Proven ability to meet daily and monthly deliverables--- Must be able to work well independently and be self-motivated--- Proficiency with Microsoft Office suite, with advanced working knowledge of ExcelWORK SCHEDULE:Hours in office: 9-5 M-FTravel Required: noWeekend Hours Required: no

Keywords: Lightstone Group & Affiliates, Lakewood , Finance / Accounting - Senior Accountant, Accounting, Auditing , Lakewood, New Jersey