BioMed Realty, a Blackstone portfolio company, is The Leading Provider of Real Estate Solutions to the Life Science Community®. BioMed Realty is looking for an Accountant to assist the Property Accounting group. The successful candidate will work with a dynamic team to provide financial and accounting support for a portfolio of properties; including auditing and closing books, preparing statements and establishing and maintaining accurate records.
This position offers a hybrid work model, which includes 4 days in office and 1 day remotely. Hybrid work may be modified based on the needs of the company.
Key Duties and Responsibilities:
- Financial Reporting: Prepare and maintain financial statements for various properties, including income statements and balance sheets, adhering to GAAP (Generally Accepted Accounting Principles), tax regulations, other relevant financial standards and company policies.
- Perform financial analysis and prepare monthly and quarterly variance analysis for assigned portfolio.
- Accounts Payable/Receivable: Manage day-to-day accounting operations, including accounts payable and accounts receivable processes for property-related transactions, ensuring timely and accurate processing of invoices, daily rent collection postings by department cash deadline, and timely payments.
- General Ledger Management: Maintain the general ledger for each property, recording all financial transactions, and reconciling accounts on a monthly basis; maintaining property financial work books.
- Lease Administration: Review and interpret lease agreements to ensure proper accounting treatment of lease-related revenues and expenses.
- Review tenant billings, including recurring CAM, property tax, management fee, insurance, utility billings and tenant specific manual billings for coding and accuracy of documentation.
- Annual budget and CAM estimates: assist Asset Management team with annual budget specific portfolio tasks and assist Property Management team with the preparation of annual CAM estimates.
- Financial Audits: Facilitate audits conducted by external auditors, providing required documentation and explanations as needed.
- Process Improvement: Continuously assess accounting processes and recommend improvements to enhance efficiency and accuracy.
- Communication: Collaborate with cross-functional teams, including property management, finance, and executive leadership, to provide financial insights, to streamline financial processes and improve operational efficiency.
- Meet department and company deadlines.
Job Specifications:
- BA/BS in Accountancy, Finance or related field.
- 2-3 years of accounting experience with an emphasis in real estate industry preferred.
- Solid understanding of basic Accounting principles and ability to apply them to day-to-day responsibilities.
- Experience with accounting software, MRI preferred.
- Proficiency with MS Office: Word, Excel and Outlook required.
- Detail-oriented, excellent organization and time management skills with strong follow-through abilities.
- Superior written, verbal and interpersonal skills.
- Ability to work within a team-base environment.
- Ability to work effectively in a fast-paced environment
Salary Range: $31.73 - $39.90 per hour + bonus + benefitsThe above represents the expected salary range for this job requisition. Ultimately, in determining pay, we’ll consider location, experience, and other job-related factors.
Benefits
At BioMed Realty, we make sure you have the support and resources to leverage and develop your skills, secure your financial future, and take care of your health and well-being. BioMed Realty continually seeks to provide a workplace where everyone can be their authentic self. Through BioMed Realty’s competitive benefits offerings and various training and development opportunities, we have you covered with our Benefits Program which includes:
- Employer-Paid Medical, Dental, and Vision Insurance
- Paid Time Off and Paid Family Leave Benefits
- 401(k) Retirement Savings Plan
- Tuition Reimbursement
- Flexible Spending Accounts
- Commuter Benefits
- Lifestyle Spending Account
- Pet Insurance
- ID Theft Insurance
- Legal Insurance
- Employee Assistance Program
- 100% Employer-Paid Life & AD&D Insurance, Short and Long Term Disability
Amenities
- Company sponsored Exercise Classes Through Zoom
- Onsite Gym
- Complimentary Snacks, Fresh Fruit, Cold Brew Coffee, Kombucha and Soda Provided
- Dry Cleaning Services Onsite
#LI-EW1
About the company
BioMed Realty, a Blackstone portfolio company, is a leading provider of real estate solutions to the life science and technology industries. As of March 31, 2024, BioMed Realty owns and operates high-quality life science real estate comprising 16.1 million square feet concentrated in leading innovation markets throughout the United States and the United Kingdom, including Boston/Cambridge, San Francisco, San Diego, Seattle, Boulder and Cambridge, U.K. In addition, BioMed Realty maintains a premier development platform with 2.7 million square feet of Class A properties in active construction to meet the demand of the life science and technology industries.BioMed Realty is an equal opportunity employer.
We are committed to creating an inclusive environment for all employees. Our employment decisions are based on individual qualifications, job requirements and business needs without regard to race, color, marital status, sex, sexual orientation, gender identity and/or expression, age, religion, disability, citizenship status, national origin, pregnancy, veteran status and or any other legally protected characteristics. We are committed to providing reasonable accommodation, if you need an accommodation to complete the application process, please email careers@biomedrealty.com.
