Senior Vice President of Accounting and Finance

Job Description

Job Description

Bernstein Management Corporation (BMC) has been a regional leader in real estate management for 70 years. BMC's investment affiliate is a fully discretionary, private real estate fund with assets valued at over $2.0 billion, low leverage and significant capacity to make additional investments. Focusing exclusively on the Washington D.C. metropolitan area, the portfolio currently includes 90 properties representing over 5,800 residential units and 4.0 million square feet of commercial space including office, retail and industrial assets. BMC's team of over 250 industry professionals manage the portfolio with a hands-on, vertically integrated approach. For more information, visit bmcproperties.com.

This key role will be responsible for the Accounting and Finance operations for a real estate investment and management organization controlling $2+ billion of multifamily and commercial real estate investments, the majority through assets that are self-managed. The Senior Vice President will be a member of the Executive Team and be responsible for all accounting aspects of the organization including the timely and accurate completion of monthly, quarterly, and annual financial statements, the review and payment of all tax returns, regular process of cash management, accounts receivable, accounts payable, insurance, property income and expense filings and payments, loan compliance reporting, financial system application development, and financial planning and analysis (FP&A). This role manages 70+ entities. This role may oversee up to 5 direct reports among a team of 15.

Key requirements and responsibilities associated with this position are :

• Provide executive oversight of all accounting and finance functions, including payroll.
• Develop and maintain all necessary accounting policies, procedures, systems and controls, including general ledger, financial reporting and cash flow management.
• Oversee the general ledger month-end close and prepare financial analysis and results for Executive management.
• Issue regular status and ad hoc reports to Executive Team.
• Prepare and oversee monthly and quarterly distributions as well as financials for investor reporting.
• Produce key financial reports for quarterly Advisory Board meetings.
• Analyze the Company's financial results with respect to profits, trends, costs and compliance with budgets.
• Participate in the strategic financial planning process and develop long-term financial plans and structures in support of the Executive Team's strategic plan.
• Effectively manage relationships with tax consultants, audit firm, banks, insurance providers, credit card companies, accounting system providers, and other third parties to fulfill Company objectives.
• Responsible for lender reporting and ensuring compliance with financial covenants of loans as well as all applicable regulations and financial accounting standards.
• Communicate with operations management to ensure compliance with the Company's financial policies.
• Safeguard the Company's assets and proactively develop early warning systems to identify and mitigate fraudulent activity.
• Manage the Company's property and casualty insurance program.
• Partner with Investments Team on tax appeal applications.
• Oversee timely income and expense filings.
• Manage and support the Payroll Director to ensure accurate and compliant payroll operations.
• Oversee timely completion of CAM reconciliations for commercial tenants.
• Oversee Finance Systems development, including Yardi roadmap and development
• Other duties as trained for and are qualified to do

Key Qualifications

BMC's People First Commitment

At BMC, we know that work / life balance is not just important, it's necessary. As a member of our team, your experience will be valued, and your hard work will be rewarded with a generous benefits package including paid time off, medical plan options, 401K match with immediate vesting, rent discount at BMC properties, paid volunteer leave, gym membership contributions, and company-wide social outings.

The market-based pay range for this role is $250,000-$300,000 annually (plus additional bonus incentives), negotiable based on qualifications. The final salary offered will generally fall within this range and is dependent on various factors including but not limited to the responsibilities of the position, experience, skill set, internal pay equity and other relevant qualifications of the applicant.

For a summary of BMC's employment benefit offerings, please click here.

Bernstein Management Corporation is an Equal Opportunity Employer, making decisions without discrimination on the basis of race, color, religion, sex, national origin, age, veteran status, disability, sexual orientation, genetic information or any other protected class, in accordance with applicable law.