Manager, Real Estate Accounting

As one of the world’s largest financial services companies, Prudential’s individual and institutional customers rely on us to protect and grow their financial well being.

The Investment Operations Manager works for PREI Fund Operations who services and supports Prudential Real Estate Investors (PREI) in the accounting and reporting of the real estate investments within their portfolios. The Manager supports the Director and Controller who together serve as a key contact to Portfolio Management, Finance, Legal, and Transactions as it relates to their assigned portfolios. The Manager is primarily responsible for understanding accounting implications of all acquisitions and sales transactions and assisting their team in the proper execution of accounting and all reporting for their assigned portfolios. **Major responsibilities include:** * Managing a staff of approximately 0-4 senior level accounting professionals * Ensuring that cash and other Enterprise reporting requirements are met * Ensuring the timely and accurate preparation of quarterly financial statements for a large open-ended portfolio * Ensuring the timely and accurate preparation and review of quarterly data submission to various industry organizations and consultants * Interacting with Portfolio and Asset Managers in on-going operational matters * Working with senior level accounting professionals on deal abstracts that ensure a thorough understanding of the required accounting, tax and financial reporting necessary for the transactions * Developing the proper models to calculate partner splits as it relates to partnerships investments and similar financial calculations * Participate in the interactions with PREI Finance group in implementing new accounting policies * Assisting in the various audits with internal and external auditors * Reports to Director, Real Estate Operations * Participate in various training classes for Operations or cross functional groups - such as accounting for complex deal structures, record keeping within certain systems, and/or the rolling out of new or changes to existing processes * The Manager will also be called upon to assist in special projects related to systems implementation that involve property/portfolio data, establishment of new or redesigned portfolios, and major Enterprise initiatives * Additionally, the Manager is required to assist in managing and completing multiple processes within tight deadlines while responding to various requests from many parties

* Bachelor's degree in Accounting required * 5-7 years of financial statement preparation and review experience required * 5-7 years of real estate accounting experience preferred * REIT experience a plus * Audit experience required * Knowledge of taxation for partnership and corporations required * Working knowledge in General Ledger accounting and reporting systems required * MRI experience a plus * Working knowledge of joint venture waterfall and income calculations required * Resolve or other automated systems experience a plus * Public accounting experience and/or CPA a plus * Statutory accounting knowledge a plus * Knowledge of REIT structures, a plus * Knowledge of performance return calculations and GIPS a plus * Proficient in Excel * Strong leadership and development skills * Strong analytical, organizational and problem solving skills * Ability to work in a fast pace organization with tight deadlines * Strong interpersonal, communication and partnering skills * Solid understanding of generally accepted accounting principles as it relates to fair market value of real estate and/or related investments. * Good understanding of data validation and flow as it relates to the set-up/maintenance of multiple sets of books as well as their down streams effect on other reporting systems