Senior Associate, Property Accounting

Who We Are

Core Spaces (Core) is more than a real estate company, its a people company. Where building relationships is just as important as building properties. From researchers and architects to designers and operators, Core is made up of risk takers and dreamers who are on a mission to invent the future of living. Our six cultural values guide us every day and we strive to live them in everything we do: PUSH (Invent Better Places to Live), GRIT (We Got This), LIFT (Help Each Other Win), SHINE (Bring Your Full Self), UPHOLD (Never Break Trust), GROW (Always Get Better). Everything Core does stems from this culture of collaboration and innovation, and the drive to constantly improve the resident experience. This unique approach has led to creating spaces and services that are redefining the way people live.

What We Do

Founded in 2010, Core is a vertically integrated company focused on acquiring, developing, managing, and lending across the student housing and build-to-rent (BTR) sectors. Its residential communities feature world-class amenities, progressive design, and hospitality-driven client service. In its award-winning student portfolio, Core currently owns and/or manages over 45,600 beds* and has a pipeline of over 45,000 beds* in various stages of development. Core's BTR division currently has over 3,000 homes under development and in its pipeline in high-growth metros across the country. For more information, visit www.corespaces.com.
• Portfolio and pipeline numbers as of November 2024

Benefits That Matter
• A culture that provides you with a sense of belonging
• Hybrid and remote work options to promote work-life balance
• Competitive pay that values your contributions
• Annual incentive to reward your achievements
• Paid unlimited PTO to disconnect or celebrate life milestones
• Paid 16 holidays, including your birthday, to disconnect and celebrate
• Paid Parental Leave that begins after 90 days
• Paid volunteer time off to give back to your community
• Monthly workshop weeks; fewer meetings & more collaboration
• Robust health plan options that begin within at least 30 days of your employment
• Monthly phone reimbursement
• Wellness allowance and perks, including a yearly subscription to a meditation app
• An environment that provides you a voice to share your perspectives
• Employee Assistance Program (EAP) for access to confidential support services
• Company retirement options including 401(k) + matching & Roth account option

Position Overview

As our Senior Property Accountant, you will be preparing and analyzing financial results of operational properties, including the preparation of the following: GAAP financial statements, financial forecasts, reporting packages to investors, general ledger review, variance analysis, and audited financial statements. This position will also assist the manager with the coaching and development of staff.

What You Will Do
• Perform monthly, quarterly, and annual accounting activities, including organization, reconciliation, and review of financial reports.
• Work closely with the operations team to ensure they are receiving the information required to effectively operate the properties and that the reporting calendar is being met.
• Research monthly variances from budget and assist operations and accounting staff with variance explanations.
• Assist site team and asset managers with annual budget preparation.
• Lead the distribution of financial reporting packages to lenders and partners.
• Review and ensure compliance with accounting policies & procedures and resolve accounting related issues.
• Perform monthly account analysis of selected general ledger accounts to ensure accounts properly reflect the Companys financial position in accordance with company policy and GAAP.
• Review ledger detail, prepare/review adjusting journal entries, and supporting schedules for GAAP-based financial statements.
• Prepare property financial statements and supporting schedules monthly.
• Coordinate all audit/investor inquiries pertaining to the operating financials.
• Prepare property acquisition and disposition journal entries.
• Lead the onboarding and set up of property acquisitions.
• Prepare lender reporting packages, debt covenant calculations and work directly with the accounting manager to ensure compliance with loan requirements.
• Review bank reconciliations and journal entries as needed.
• Provide guidance on Cores accounting policies by leading training sessions on policies & procedures across all departments.
• Calculate ownership distributions utilizing cash flow analysis.
• Manage fixed assets in Sage and perform quarterly roll-forward reconciliations.
• Assist the Property Accounting Manager with ad hoc projects as needed.
• Occasional travel may be necessary as needed
• Perform all other duties and tasks as assigned by management
• Must be able to complete all physical requirements of this role with or without a reasonable accommodation

Ideally, you'll have
• Bachelor's degree in Accounting
• 4+ years of relevant experience
• Detail oriented and ability to problem solve, research, and multi-task
• Strong knowledge of GAAP compliancy
• Experience working in Accounting Software Programs
• Proficiency in MS Outlook, Excel, Word
• Excellent interpersonal and organizational skills
• Ability to multi-task and manage shifting priorities in a fast-paced environment
Attention to detail and high level of accuracy
• You'll crush it if you have experience with
• Real Estate Development or Construction Accounting
• Entrata Accounting Software Program
• Yardi experience

Organizational Structure

Reports to: Property Accounting Manager

Direct Reports: N/A

Disclaimer: Please note that job responsibilities, reporting lines, and duties outlined in this job description are subject to change to meet the evolving needs of the organization.

Base salary starts at $85k annually, with final compensation dependent on experience and qualifications. Includes a bonus opportunity starting at 10% of the annual base salary, based on individual and company performance.

As an Equal Opportunity Employer, Core Spaces celebrates diversity and is committed to creating an equitable and inclusive environment, which creates a sense of belonging for all employees. We do not discriminate and believe every individual should be proud of who they are and the community they represent.

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