Join Us

EastBanc offers the opportunity to grow your career and to advance in the real estate investment industry. We seek out the brightest and foster a culture that believes in “working smart” within collaborative teams while allowing your personal strengths and successes to shine through.

For any career information please contact
info@eastbanc.com

Real Estate Property Management and Partnership Accountant

We are looking for a senior level accountant with property management and/or real estate experience. This position will be responsible for the full accounting and reporting functions of real estate portfolios as well as maintaining partnership books for entities. Solid accounting, communication and organizational skills are required

Job Description:

- Responsible for full cycle accounting for operating properties and partnership entities as follows:

- Book day to day entries and monthly recurring entries including depreciation, amortization and pre-paid entries

- Book inter and intra company transactions

- Calculate and books interest on inter and intra company loan

- Prepare and maintains balance sheet reconciliations

- Prepare monthly bank reconciliations

- Process loan payments and works with lenders to meet reporting requirements

- Prepare monthly, quarterly, and annual financial statements

- Assist with the preparation of annual budgets and reforecasts

- Prepare annual operating expense reconciliations

- Prepare schedules for owners and external auditors

- Co-ordinate financial audits with clients and third party outside auditors

- Co-ordinate tax preparation with clients and third party outside tax preparers

- Prepare lease abstracts and maintains leases in the MRI accounting system

- Prepare and analyze cash management reports and ensures funding requirements are met

- Supervise 2 accounts payable accountants

- Oversee processing of 1099's

- Provide technical guidance to support staff

- Special projects and other duties as assigned

Desired Skills:

- BS in Accounting or equivalent experience

- 5-10 years accounting experience - preferably in the real estate industry

- Understanding of property and partnership accounting including CAM reconciliations as well as corporate financial accounting

- Strong organizational skills

- Strong attention to detail

- Ability to work independently as well with others in a diverse and fast paced environment

- Ability to meet tight deadlines under pressure while maintaining a positive can-do attitude

- Ability to use independent judgment

- Ability to interact positively

- Ability to take initiative to solve problems and follow up

- Ability to prioritize wisely

- Working knowledge of MS Office, especially Excel

- Prior experience with real estate property management accounting software. MRI and Sage 300 Real Estate Accounting software (formerly Timberline Office) is a plus

All employment decisions are made without regard to race, age, creed, sex, religion, national origin, ancestry, disability status, veteran status, sexual orientation, gender identity or expression, genetic information, marital status, citizenship status, or any other basis as is protected by local, state or federal law.

Equal Employment Opportunity

All employment decisions are made without regard to race, age, creed, sex, religion, national origin, ancestry, disability status, veteran status, sexual orientation, gender identity or expression, genetic information, marital status, citizenship status, or any other basis as is protected by local, state or federal law.

Chief Engineer

Summary:

This position performs a variety of complex functions under the direction of the Property Manager. Duties include, but are not limited to, the installation, testing and repair of building Heating Ventilating and Air Conditioning Equipment such as VAV boxes, Self Contained Indoor Environmental Units, Pumps, Fans, Water Treatment Systems, Humidifiers, Building Automation Systems and Associated Controls, Fire Alarm/Automated Fire Suppression Systems, Complex Electrical Equipment, Generators and all equipment and tasks associated with operating a Class A office building. Other duties will include plumbing, electrical, carpentry, and other tasks associated with maintaining the asset.

Primary Responsibilities:

Directs work involved in operating and maintaining heating, cooling, and ventilation equipment. Formulates and arranges plans to update systems or reduce operating costs. Analyzes and solves technical maintenance problems. Assures security and fire alarm systems kept in good working order. The Chief Engineer is trained in all phases of the life cycle of a building and develops an appreciation of the building as an advanced technological system requiring close integration of many sub-systems and their individual components. Technical problems are identified and appropriate solutions found to improve the performance of the building in areas such as:

- Energy efficiency, lighting and acoustics;

- Construction management;

- HVAC and control systems; Indoor air quality;

- Advanced building materials; building envelope;

General Responsibilities:

- The Chief Engineer is responsible for the operational, maintenance and repair of systems and equipment of building/property operations.

- Reviews employee performance, conducts employee evaluations and provides or arranges training programs as needed.

- Responsible for the day-to-day operation, maintenance and repair of mechanical and electrical equipment in the property.

- Provides hands-on service operations and maintenance of building systems.

- Directs all engineering department activities.

- Oversees and directs engineering staff by development of work schedules.

- Develop and implement systems preventive maintenance programs.

- Establish and maintain inventory of needed tools and spare parts; establish supply sources and contractors for emergency service.

- Supervise contracted maintenance and service vendors.

- Maintain up-to-date building plans, design information and equipment specifications.

- Develop, implement and maintain energy conservation programs.

- Review building and tenant alterations to assure conformity with design criteria.

- Develop and maintain operating manuals.

- Prepare budget estimates and reconciliations for building operating costs.

- Secure and maintain any permits or licenses required by law or code.

- Daily review of log entries from the previous work day.

- Prepares for Property Manager’s review, all Requests for Proposals for services to be performed.

- Develop and administer monthly training sessions for all engineering staff.

Chief Engineer

- Oversee the preparation of the sundry billing charges and audit for accuracy

- Maintain oversight of all keying schedules.

- Assist in the preparation of the monthly operating report, annual budget and capital improvement programs.

- Provides on-call support for after hour issues that may arise within the facility. Position is considered part of the essential personnel to the asset. May be required to work weekends or Holidays.

- Demonstrate and maintain Outstanding Customer Service in all areas of responsibility including those of subordinates.

- Maintain knowledge of applicable municipal building codes. Exhibits familiarity with OSHA, NEC, NFC and Life Safety Codes.

- Other duties as assigned.

Requirements and Qualifications:

- Qualified candidate will have 10 to 12 years’ prior experience in engineering management, commercial building operations and maintenance. Candidate must have knowledge of energy management techniques, plant operations, building systems operations, repair and maintenance, and familiarity with security operations, cleaning procedures, emergency and general building procedures. Be able to demonstrate organizational skills, attention to detail, ability to use time efficiently, and proficiency at problem solving, ability to supervise other on-site personnel, common sense and good judgment.

- D.C Third Class Steam Engineers License Required and computer proficiency a must, specifically Microsoft Word and Excel.

- Accredited technical school, military or college certification in HVAC and or Operating Engineering Technologies and/or equivalent job related training and experience.

- Universal CFC certification.

- Continuing education in the field.

- Building Automation/Direct Digital Controls Experience

- Able to climb ladders and work from heights during the normal performance of duties, physically capable of lifting a minimum of 50 pounds or more of equipment and materials.

- Employee has demonstrated to management that they have achieved the level of experience, initiative and knowledge base to merit the position.

Educational Requirements:

(Preferred Accreditations)

General Certificate of Engineering (National Association Of Power Engineers)

Required classes include:

  • Principles of Electricity
  • Low Pressure Boilers
  • Air Conditioning 1
  • Electrical Systems, Code and Theory
  • Controls

General Certification of Electrical Proficiency (National Association Of Power Engineers)

Required courses include:

  • Principles of Electricity
  • Electric Motors
  • Electrical Systems, Code and Theory
  • Schematics

General Certification of Air Conditioning and Refrigeration (National Association Of Power Engineers)

Required courses include:

  • Principles of Electricity
  • Air Conditioning 1
  • Air Conditioning 2
  • Air Conditioning 3
  • Heat Pumps
  • Refrigeration
  • CFC Universal
  • R 410-A Certification

Certified Supervising Engineer (National Association Of Power Engineers)

Required classes include:

  • Principles of Electricity
  • Air Conditioning 3
  • Heat Pumps
  • The Managing Engineer
  • Controls
  • Blueprint Reading
  • Electrical Systems, Code and Theory
  • Schematics
  • High Pressure Boilers
  • LEED-GA

TPC Safety Training

- Passing Test Scores Required

Online courses may be substituted (NAPE National PMEM Certification)


BOMI FMA Certification May Be Substituted

Engineer Grade 1

Primary Responsibilities:

Work involved in operating and maintaining heating, cooling, and ventilation equipment. Analyzes and solves technical maintenance problems. Assures security and fire alarm systems kept in good working order. The Engineer is trained in all phases of the life cycle of a building and develops an appreciation of the building as an advanced technological system requiring close integration of many sub-systems and their individual components. Technical problems are identified and appropriate solutions found to improve the performance of the building in areas such as:

- Energy efficiency, lighting and acoustics;

- Construction management;

- HVAC and control systems; Indoor air quality;

- Advanced building materials; building envelope;

Summary:

This position performs a variety of complex functions under the direction of the Chief Engineer. Duties include, but are not limited to, the installation, testing and repair of building Heating Ventilating and Air Conditioning Equipment such as VAV boxes, Self Contained Indoor Environmental Units, Pumps, Fans, Water Treatment Systems, Humidifiers, Building Automation Systems and Associated Controls, Fire Alarm/Automated Fire Suppression Systems, Complex Electrical Equipment, Generators and all equipment and tasks associated with operating a Class A office building. Other duties will include plumbing, electrical, carpentry, and other tasks associated with maintaining the asset.

General Responsibilities:

- The Engineer is responsible for the operational, maintenance and repair of systems and equipment of building/property operations.

- Responsible for the day-to-day operation, maintenance and repair of mechanical and electrical equipment in the property.

- Provides hands-on service operations and maintenance of building systems.

- Responsible for carrying out systems preventive maintenance programs.

- Maintain inventory of needed tools and spare parts.

- Supervise contracted maintenance and service vendors.

- Maintain energy conservation programs.

- Review building and tenant alterations to assure conformity with design criteria reporting deficiencies to the Chief Engineer.

- Daily review of log entries from the previous work day.

- Assist in maintaining oversight of all keying schedules.

- Provides on-call support for after hour issues that may arise within the facility. Position is considered part of the essential personnel to the asset. May be required to work weekends or Holidays.

- Demonstrate and maintain Outstanding Customer Service in all areas of responsibility including those of subordinates.

- Maintain knowledge of applicable municipal building codes. Exhibits familiarity with OSHA, NEC, NFC and Life Safety Codes.

- Other duties as assigned.

Engineer Grade I

Requirements and Qualifications:

-Qualified candidate will have 7 to 10 years’ prior experience in commercial building operations and maintenance. Candidate must have knowledge of energy management techniques, plant operations, building systems operations, repair and maintenance, and familiarity with security operations, cleaning procedures, emergency and general building procedures. Be able to demonstrate organizational skills, attention to detail, ability to use time efficiently, and proficiency at problem solving, ability to supervise other on-site personnel, common sense and good judgment.

- Computer proficiency preferred, specifically Microsoft Word and Excel.

- Accredited technical school, military or college certification in HVAC and or Operating Engineering Technologies and/or equivalent job related training and experience.

- Universal CFC certification.

- Continuing education in the field.

- Building Automation/Direct Digital Controls Experience

- Able to climb ladders and work from heights during the normal performance of duties, physically capable of lifting a minimum of 50 pounds or more of equipment and materials.

Employee has demonstrated to management that they have achieved the level of experience, initiative and knowledge base to merit the position.
Educational Requirements:

(Preferred Accreditations)

General Certificate of Engineering (National Association Of Power Engineers)

Required classes include:

  • Principles of Electricity
  • Low Pressure Boilers
  • Air Conditioning 1
  • Electrical Systems, Code and Theory
  • Controls

General Certification of Electrical Proficiency (National Association Of Power Engineers)

Required courses include:

  • Principles of Electricity
  • Electric Motors
  • Electrical Systems, Code and Theory
  • Schematics

General Certification of Air Conditioning and Refrigeration

Required courses include:

  • Principles of Electricity
  • Air Conditioning 1
  • Air Conditioning 2
  • Air Conditioning 3
  • Heat Pumps
  • Refrigeration
  • CFC Universal
  • R 410-A Certification

Certified Supervising Engineer

Required classes include:

  • Principles of Electricity
  • Air Conditioning 3
  • Heat Pumps
  • The Managing Engineer
  • Controls
  • Blueprint Reading
  • Electrical Systems, Code and Theory
  • Schematics
  • High Pressure Boilers
  • LEED-GA

TPC Safety Training

- Passing Test Scores Required

Online courses may be substituted (NAPE National BMEP Certification)

Asset Manager

Real Estate Asset Manager

EastBanc is a family owned real estate development company that pursues top quality assets and design driven development in Washington, DC’s urban core. The company is committed to acquiring, developing, managing, and leasing assets they wish to own forever with over $3B in assets under management. EastBanc focuses on complex urban real estate transactions where they can create value by pairing cutting edge modern design and architecture with timeless European-style urban planning and sensibility.

EastBanc is interested in hiring an asset manager who will work with the asset management team to manage a portfolio of trophy retail, office, and residential projects in DC and NYC. The asset manager will be individually responsible for managing large complicated assets and report directly to the head of asset management. A sample of initial job responsibilities include:

Manage and Maintain

EastBanc expects their asset managers to have high attention to detail as they are directly responsible for all spending and operations at the building on behalf of ownership. They must be able to manage and communicate with a team of property managers, accountants, leasing brokers, tenants, attorneys, consultants, and investors in order to maintain their assets to a high quality of excellence.

    ·Review, improve, and approve budgets of existing assets with the property management team to forecast future capital needs and cashflow

    ·Oversight of the property management team to ensure completion of an accurate budget, adherence to budget, maintaining property operations and services, delivering best in class service, supervising direct reports and contract personnel, and performance of outside vendors.

    ·Direct lease negotiations including performing analysis of lease proposals and managing the approval process for proposed lease terms with capital partners and lenders, and developing and executing on a leasing strategy

    ·Develop and communicate business plans, budgets, reforecasts, and asset strategy to investment partners and lenders

Create Value, Improve, and Adapt

EastBanc strongly believes that the Real Estate industry is going through structural change and our asset management team is on the front lines of creatively adapting our existing assets to the changing need of their tenants. This requires our asset management team to:

    ·Be forward thinking to create flexible plans that can meet the changing needs of our tenants

    ·Find ways to continually invest in assets to add value, drive operational efficiency, and stick out from the market with superior service and building technology

    ·Quantitatively and qualitatively evaluate all decisions from a long term operational outlook and continually find ways to improve and optimize the assets

EastBanc is looking for a candidate with at least six years of relevant work experience who has developed good judgement and can manage complicated mixed use projects with minimal oversight. EastBanc is strongly committed to developing and promoting internally and interested in candidates that see a long term future for themselves at the firm.

General Manager of Retail

Concept 31/M is the first of its kind in Washington, DC; a retail lab and creative platform for brands to experiment, test new products, and connect with shoppers. Conceived by EastBanc, Concept 31/M is anchored on the corner of 31st and M Street with 20,000 SF of retail gallery.

Our mission with Concept 31/M is to reignite the joy of discovery that can only be captured in a personal shopping experience. We offer shoppers a carefully curated, revolving assortment of shopping experiences and inspirational design, and we offer brands flexible leases in a prime location where they can play, learn, and grow.

We’re looking for entrepreneurial, motivated retail and marketing professional to champion the Concept 31/M store. This multifaceted role will lead the store’s marketing efforts, interact with and support tenant brands, implement processes and procedures in the space, and engage with customers. The Store Director will be responsible for creating a high-functioning, memorable, positive retail environment for our shoppers and our tenant brands.

Jointly reporting to EastBanc’s Director of Marketing and the VP of Leasing, our Store Director requires understanding the character of the Georgetown neighborhood and EastBanc’s positioning as a unique real estate developer in order to identify a pragmatic tenant mix. In parallel, it also entails a significant short-term results orientation to efficiently close deals with tenant brands while maintaining a high degree of control over systems, processes and standards for the space. This position will also handle all marketing and events for the store, including but not limited to sharing our tenant brands’ stories on social media, updating the brand directory on the website, and managing/scheduling shorter-term pop-up events in the space.

RESPONSIBILITIES

The Job description/task analysis of the Store Director is as follows:

- Oversees all day-to-day operations of Concept 31/M, and acts as the primary point of contact for the store. Ensures that all issues and communications are either addressed personally or are directed to the appropriate party (EastBanc Leasing, Social Media Coordinator, etc.)

- Maintain high satisfaction of existing and potential brands and tenants

- In partnership with Leasing, identify and maintain a database of potential brands and tenants

- Pitch and manage new business opportunities, such as pop-up events and brand activations

- Establish and leverage professional networks to enhance special events and programs.

- Acts as the liaison between the brands, our leasing team, and our property management teams

- Experienced marketing mind to develop and execute influencer marketing strategies and creative campaigns with the support of the Marketing Coordinator

- Possess a strong passion knowledge of fashion trends, culture and art

REQUIRED SKILLS AND EXPERIENCE

- A minimum of 5 years of retail industry experience in a management role

- In-depth knowledge of social media marketing and ability to provide examples

- Impeccable verbal and written communication skills

- Outstanding project management skills

- Responsive and organized with attention to detail to include time management

- Ability to create, manage and report project budgets and calendars

- Analytical and problem-solving skills (budget, market studies, reports)

- Ability to take ownership, develop action plans and prioritize

- Basic facility management knowledge is a plus

- Knowledgeable with plans and architectural drawings

- Excellent interpersonal, relationship-building, and customer service skills

- Keep abreast of emerging trends, technologies, and influencers

- Research relevant industry trends, experts, competitors, target audience, and users

- Familiarity with legal documents; MS Office applications

- Interest and passion for high caliber customer service is a must

We offer our employees a competitive package of benefits which includes health and financial insurance.

Health Insurance:
Medical, dental, vision.

Financial Insurance:
Life Insurance.
Short and Long Term Disability Insurance.
401(k) retirement program with matching. All employees are eligible to participate after 6 months.

More information about EastBanc and its principals can be found here

 

For any career information please contact
info@eastbanc.com