| Location: |
DC-Washington
Mid-Atlantic (DE, DC, MD, NJ, NY, PA, VA & WV) |
| Salary Range: |
90,000 - 90,000 |
| Total Compensation: |
90,000 - 90,000 |
| Job Description: |
General Purpose of Job/Summary: The Senior Financial Analyst - Budgeting & Analysis is responsible for overseeing the Annual Budgeting, Quarterly Reforecasting, Monthly Reporting and related training for the Third Party Portfolio. The Senior Financial Analyst is responsible for complying with the operational policies and procedures established by Vornado/Charles E. Smith and Vornado Realty Trust. Essential Duties and Responsibilities: Budgeting and Analysis ? Oversee the Annual Budget and Quarterly Reforecasting process for the Third Party portfolio: o Prepare and distribute budget schedule with all pertinent due dates to Accounting, Leasing, Development and Property Management. o Coordinate the preparation of budget leasing assumptions in cooperation with the Leasing Department. o Coordinate development and construction fee projections with the Development Department. o Manage accountants’ preparation of workpapers supporting projections for the existing tenants straight line rent, mortgage principal and interest, A/R and A/P, ground rent, mortgage interest income, bank charges, and depreciation and amortization expense, etc. o Prepare and test projections for base rent, tenant improvement and leasing commissions based on assumptions provided by leasing. o Test operating and real estate tax expense recovery income projections for accuracy. o Coordinate Budget and Reforecast Report (Toolkit) changes, adding new accounts and properties in Budget and Reforecast Software (DYNA) with the IT department. o Prepare supplemental Tenant Improvement and Leasing Commission budget projections schedules for Development Accounting for the partially owned entities. o Provide annual budget and quarterly reforecasts for all Partially Owned Entities to Wholly Owned Budgeting and Analysis department. o Continuously audit and improve budget systems and processes in cooperation with the IT Department. ? Coordinate and prepare Annual Budget and Quarterly Reforecast for key Revenue Components of the Management Company Budget including support for third party management fees, upfront and recurring lease fees, development, construction and consulting fees. ? Develop and test budget system specifications. ? Liaison with Wholly Owned budget group and IT Department. ? Train Arlington Accounting and Property Management Group in budget and reforecast procedures/techniques. Reporting ? Publish Monthly Financial reports from Accounting and Reforecasting software and perform related testing: o Coordinate monthly download of IBS actuals to DYNA. o Update report dates and headers in IBS. o Perform Security deposit, AR and AP integrity testing from GL to Sub Ledger. o Vet monthly toolkit reports to IBS actuals. ? Create and revise Third Party reports as needed. Other ? Update policies and procedures for Third Party Budgets and Reforecasts ? Special Projects (leasing analyses, partnership reporting, etc.) Education/Experience: ? Bachelors Degree (preferably in accounting or finance) required. ? Minimum three (3) years experience in accounting required. ? Prior accounting and analytical experience in property management or real estate preferred. ? Public accounting firm experience preferred. Certificates, Licenses, Registrations: CPA certificate preferred. Technical Experience: ? Advanced computer skills: Microsoft Word, Microsoft Outlook, and Microsoft Excel preferred. ? Proficiency in financial computer modeling and Microsoft Excel. ? Strong organizational skills: ability to see the larger focus and streamline processes and procedures. Other Skills/Requirements: ? Strong financial and analytical skills with the ability to adapt to multiple and rapidly changing priorities and deadlines. ? Excellent interpersonal and communication skills (both verbal and written) required. ? Must be confident and capable when communicating with customers inside and outside the Company. ? Works well under pressure and maintains a sense of urgency. ? Ability to work with senior management as well as support personnel. ? Handles Company business with the utmost of professionalism, discretion and tact. ? Composed demeanor, pleasant, polished image and professional appearance, positive attitude and customer-oriented approach are priorities for this position. ? Exercises good judgment and uses discretion. ? Ability to keep processes moving forward and takes initiative as appropriate. ? Reliable, dependable with excellent attendance, flexible and versatile. ? Good problem-solving skills coupled with the ability to work independently, productively and effectively manage concurrent tasks within a rigid time schedule required. ? Quickly adapts to rapidly changing priorities. Remains calm under pressure. ? Keep supervisor and co-workers up-to-date on issue and project status. Physical Requirements: The physical requirements described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions to the extent the Company may do so without undue hardship. While performing the duties of this job, the employee is regularly required to sit, use hands to finger, handle, or feel, reach with hands and arms, and talk or hear. The employee is occasionally required to stand, walk, and stoop, kneel, crouch, or crawl. The employee is occasionally required to lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision, distance vision, peripheral vision, and ability to adjust focus. Work Environment: The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions to the extent the Company may do so without undue hardship. The noise level in the work environment is usually moderate. |
| Education and Certifications/Licenses: |
Bachelor's, Certified Public Accountant, None |
| Mandatory Minimum Qualifications: |
Bachelors Degree (preferably in accounting or finance) required. Minimum three (3) years experience in accounting required. ? Prior accounting and analytical experience in property management or real estate preferred. Public accounting firm experience preferred. ? CPA certificate preferred. ? Extensive budget experience required |
| Preferred Qualifications: |
Real estate experience preferred |
| Benefits: |
|
| Overnight Travel: |
None Listed |
| Relocation Assistance: |
? |
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