Real Estate Property Management and Partnership Accountant

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.

Real Estate Development and Acquisitions Financial Analyst

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 and developing assets they wish to own forever and has deployed over $4B in capital over the past 35 years. 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 a senior financial analyst who will work with the real estate acquisitions/finance, development, and asset management teams to provide data driven quantitative analysis to assist with executive decision making. A sample of initial job responsibilities include:

    Evaluate and pursue new deals with the acquisitions/finance team:

    - Build financial models in excel and Argus to estimate future project costs and market rents to help create an acquisition strategy and to determine an asset’s value

    - Track existing market deals and fundamentals to stay informed of market developments in order to identify new opportunities and trends

    - Assist with the due diligence to close on new deals

    - Evaluate different financing structures for new and existing assets (debt and equity)

    Track and optimize existing deals with the development team:

    - Maintain development financial models and budgets in excel

    - Perform scenario analysis to help inform development choices to maximize value

    - Assist with communications and reporting to financial partners (debt and equity)

    Maintain and improve existing assets with the asset management and leasing team:

    - Review budgets of existing assets with the property management team

    - Evaluate proposed value add improvements of existing assets to determine the return on investment with the asset management team

    - Evaluate potential leases with the leasing team to determine their financial impact

EastBanc is looking for a candidate with two to five years of relevant work experience who has a desire to pursue a long term career in real estate and has strong quantitative analysis skills. Most of the initial work output will largely be done with excel models (and some in Argus) paired with short internal memos summarizing the analysis to help the various teams and executives make data driven decisions. Prior relevant work experience will help the candidate hit the ground running so that they can quickly expand their role and responsibilities.

The job provides a path to rapidly learn about the entire lifecycle of real estate (acquisition/finance, development, and asset management/leasing) and build a strong base of real estate knowledge to advance a career in the industry. EastBanc is strongly committed to developing and promoting internally. EastBanc has designed the financial analysis role as an internal incubator to produce future internal executive talent within the company. Over time as the candidate develops their knowledge base and skills, their responsibilities would increase from pure financial analysis that helps others make decisions, to making the decisions themselves with long term opportunities to advance into an executive role. Within the first year on the job we would like the candidate to start to take a more active decision-making role in acquisitions to pursue deals directly and to continue to grow in responsibility in the acquisitions department.

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.

Sales and Leasing Manager - Based in Lisbon, Portugal

EastBanc is looking for an outgoing, assertive, results-oriented, smart, organized, independent and friendly Sales and Leasing Manager who can execute deals aligned with the character of EastBanc’s real estate product and of the Príncipe Real neighborhood of Lisbon, thus enhancing the long-term value of the portfolio.

Responsibilities

As responsible for the commercial area, this role requires understanding the character of the Príncipe Real neighborhood and EastBanc’s positioning as a unique real estate developer in order to identify a sensible tenant mix and potential client portfolio. In parallel, it also entails a significant short-term results orientation in order to effectively efficiently close deals and maintain a high degree of control over collections.

    -Support the PR and Communications Manager in creating marketing materials for new developments

    -Support residential sales process

    -Define and communicate target client profile

    -Show available apartments

    -Update lead information (potential buyers, brokers)

    -Adapt contracts, handle requests, control timelines, etc.

    -Manage leasing process

    -Work cooperatively with the PR and Communication Manager to define the appropriate mix

    -Identify potential tenants leads

    -Organize viewings

    -Independently negotiate and execute lease contracts

    -Coordinate move-ins and –outs

    -Collect rents in a timely manner

    -Maintain high customer satisfaction of valued tenants

    -Handle terminations and evictions (with the support of the legal team), etc.

    -Propose budget and report (monitor and control) sales and leasing activity;

    -Study, analyze and produce reports on the market and relevant competition;

    -Explore new business opportunities

Required Skills and Experience

    -Master degree in Management, Economics, Legal or other related area

    -A minimum of 2-5 years commercial experience

    -Fluent in English & Portuguese (French and/or German is a plus)

    -Natural affiliation with character of the neighborhood

    -Responsive and organized with attention to detail

    -People and communication skills

    -Deal making / negotiation skills (organization, assertiveness, creating options and strong results-orientation – a “closer”)

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

    -Ability to take ownership, develop action plans and prioritize

    -Ability to effective manage multiple projects/tasks of varying complexities, meet deadlines and work well under pressure

    -Creative, sensible to “out-of-the-box” solutions/opportunities and able to react quickly to a fast paced, rapidly changing environment

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

    -Familiarity with legal documents

    -Familiarity with Office applications

    -Familiarity with plans and architectural drawings

    -Basic facility management knowledge is a plus

Maintenance Technician

Job Summary

Performs maintenance, troubleshooting and minor repairs to ensure proper operation and maintenance of building and grounds.

Scope

This position works in the area of Maintenance and Operations. Work contacts include administrators, outside vendors, contractors, regulatory agencies, and general public. Equipment used includes various power and hand tools and building energy management system.

Supervision Received

This position reports to an assigned administrator; receives general direction regarding routine and standard matters and specific instructions regarding non‑routine and sensitive matters.

Supervision Exercised

This position oversees outside contractors.

Representative Duties

Monitors, maintains and troubleshoots problems with the building's utility systems to ensure proper operation including mechanical, plumbing, electrical, life safety, and energy management systems; familiar with governmental codes and regulations related to safety, fire, construction and public access; performs preventative maintenance on the following: air conditioning cooling towers, closed loop water treatment, heat pumps, air filters, floor drains, etc; investigates and trouble shoots all equipment failures and malfunctions before calling outside repairmen; coordinates and supervises work performed by outside contractors for maintenance and construction; performs minor repairs or remodeling projects such as painting, replacing broken toilet fixtures, etc; makes keys, installs locksets, maintains and adjusts hardware; prepares and hangs doors; maintains and replaces supplies and equipment such as toilet supplies and fluorescent light fixtures; monitors the areas outside the building for problems, such as roof, parking structure, asphalt paving, and landscaped areas; performs related duties as assigned.

Knowledge and Abilities

Knowledge of: heating, ventilation, air conditioning, plumbing, electricity, carpentry, painting, grounds keeping and housekeeping; equipment and vehicle maintenance.

Ability to: troubleshoot and perform minor repairs in most operational areas of institutional maintenance; supervise the work of outside vendors and contractors; read and understand technical instruction manuals; communicate effectively orally and in writing and establish cooperative working relationships with persons contacted in the course of performing assigned duties.

Training and Experience

Any combination of education, training, and experience that provides the required knowledge and abilities. An example of this would be experience in the operation, maintenance and repair in one or more of the institutional maintenance areas involved.

Special Conditions of Employment

This position is on 24‑hour emergency call.

Working Conditions

Positions in this class may require bending, climbing and lifting 50‑lb. objects.

This class specification is intended to indicate the basic nature of positions allocated to the class and examples of typical duties that may be assigned. It does not imply that all positions within the class perform all of the duties listed, nor does it necessarily list all possible duties that may be assigned.

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.

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)

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