Gables Residential Vice President of Third-Party Accounting in Atlanta, Georgia
The Vice President/Head of Third-Party Accounting position is a critical position responsible for leading the accounting department for Gables’ third-party property management portfolio. The 15-person department is being relocated from Boca Raton to Atlanta in order to centralize Gables’ accounting team in Atlanta. The third-party property management portfolio is currently comprised of approximately 50 properties with 15,000 units owned by 20 clients. Reporting to the Chief Financial Officer, this is a hands-on management/leadership position based at the company’s Atlanta office with excellent exposure to the Gables’ management team as well as external clients.
Gables is an award-winning, vertically integrated real estate company and privately-held REIT that specializes in the development, construction, ownership, acquisition, financing and management of multifamily and mixed-use communities in strategic desirable markets across the country. The company’s roots date back to the 1980s. Gables owns, develops and manages communities in a national portfolio that includes high-growth U.S. markets such as, Atlanta, Austin, Boston, Dallas, Denver, Houston, South Florida, Southern California and metropolitan Washington, D.C. In addition, Gables provides property management services to third-party owners nationwide. Currently, the company manages over 30,000 units and 500,000 sf of retail space.
Gables has received innumerable awards and national recognition for excellence in development, management, sales, marketing, training, benefits and corporate accommodations. These achievements are a reflection of the company’s experienced and dedicated team members, superior knowledge of the markets served, and demonstrated expertise in development and management.
Headquartered in Atlanta, Gables employs approximately 1,000 team members in offices throughout the country. The company is an Equal Opportunity Employer-M/F/D/V.
Financial Reporting Responsibilities
Manage the financial reporting process for the third-party property portfolio owned by various institutional clients, developers and private funds. Includes oversight of clients’ multiple reporting requirements, policy compliance, portfolio reporting, and the use of various accounting systems.
Coordinate and oversee dual reporting for multiple owners, data uploads and validation to client portals, multiple software permissions/assignments, and the integration and preparation of client specific reporting packages for the third- party residential and retail portfolio.
Interface with client asset managers and accounting groups on all accounting-related matters such as cash forecasts, reserves, reporting valuation requests and performance tracking.
Coordinate external and internal client audits and annual internal control questionnaires. Develop internal controls to ensure compliance.
Manage debt compliance reporting, reserve analysis, and other lender requests.
Manage/schedule workflow of accounting team to ensure accuracy and timeliness of reporting and that client deadlines are met.
Manage production of budget and reforecasts for third-party properties in clients’ formats, Gables management fee income, and accounting department costs.
Cash management and oversight of treasury functions for multiple banks as required by clients. Includes administration of online banking, opening accounts, banking compliance controls and the review/release of wires, EFTs, and checks exceeding policy thresholds.
Monitor and/or prepare necessary tax filings to ensure timely reporting. This includes interacting with clients and their tax consultants on valuations, estimates, and appeals.
Leadership and Management Responsibilities
This person will lead and manage the department, and will also communicate and collaborate with the CFO and other key executives on a regular basis.
Build, develop, mentor a best-in-class team in the Atlanta office.
Responsible for department productivity and staffing including recruiting and assignment of duties/workloads. Provide coaching and evaluation feedback to strengthen associate performance.
Provide training and education opportunities to departmental associates for their continued professional growth and development.
Establish bonus goals with associates that ensure top performance for each individual and the entire department.
Process Improvement Responsibilities
Lead efficiency initiatives for the department.
Coordinate with the IT team on Gables and client accounting system upgrades and changes.
New Business and Disposition Responsibilities
Work closely and collaborate with VP of National Client Services in business development efforts. Make verbal and written presentations as requested
Be opportunistic to potential new business/fee income initiatives with existing and potential new clients.
Meet with new clients and prospects related to financial reporting requirements
Work with the VP of Business Development in review of management and loan subordination agreements.
Oversee the financial process for community turns including coordination between owners and direction in purchase/sale agreements for pro-rations, timing, and reports along with coordination with the IT and operations teams for a smooth transition.
Accountable for cash holdback, sale entries, subsequent true-ups, and finalizing books/records.
- BS/BA in Accounting or other relevant major. CPA certification preferred.
Experience in a controllership or financial reporting position
Public accounting experience preferred
Supervisory experience with multiple team members
Oversight of reporting to third-party clients and/or JV partners
Minimum of 10 years of meaningful, relevant real estate experience
Multifamily industry knowledge/experience preferred
Retail industry knowledge/experience preferred
Yardi knowledge preferred
Knowledge of other real estate software helpful
Demonstrated ability to adapt to the use of various accounting software
Advanced Excel skills
Strong financial reporting skills and knowledge of GAAP
Demonstrated analytical skills, financial acumen, proven ability to work in a detail-oriented environment, strong problem solving and quantitative abilities
Proven ability to recruit, train, lead and motivate a team of 10+ associates
Ability to understand accounting related policies and procedures
Ability to read and write fluently in the English language
Exceptional communication skills with demonstrated ability to present concepts both verbally and in writing in a coherent manner
Proven organizational and time management skills with the ability to prioritize effectively
Experience with managing multiple priorities
Willingness to work in a team-based environment
External Company Name: Gables Residential
External Company URL: www.gables.com