Career Opportunity

MCB Real Estate (“MCB”) is a privately held, fully integrated national real estate development and investment company based in Baltimore, MD. As a vertically integrated company with internal development, construction, and commercial property management divisions, MCB is involved in all facets of the real estate investment cycle. MCB manages approximately $3bn of real estate assets on behalf of its primarily institutional investment base.
MCB provides equal employment opportunities to all employees and applicants for employment and prohibits unlawful discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.

Additionally, we are committed to fostering, cultivating, and preserving a culture of diversity, equity and inclusion. We embrace and encourage our employees’ differences in age, color, disability, ethnicity, family or marital status, gender identity or expression, language, national origin, physical and mental ability, political affiliation, race, religion, sexual orientation, socio-economic status, veteran status, and other characteristics that make our employees unique.

This employment practice applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.

Job Summary – the following overview of responsibilities is not an all-inclusive list of job responsibilities and other job-related duties may be added or changed at any time by MCB to support business needs.

This position is responsible for the full range of accounting processes and financial reporting for a portfolio of commercial and development real estate assets, as well as staff and staff work product management.   Will partner directly with the commercial property and asset managers and lease administrators. This position requires advanced knowledge of the Generally Accepted Accounting Principles (“GAAP”), and the Sarbanes-Oxley Act (SOX) compliance procedures, and hands-on experience working within an accrual-based, and cash-based accounting, monthly-close process, preparing journal entries and account reconciliations as well as identifying and improving accounting processes.

JOB ESSENTIAL RESPONSIBILITIES

General Accounting:

• Prepare and enter journal entries for fixed assets, accruals, deferred rent, prepayments, and other balance sheet accounts.
• Assist in all aspects of month end close and close analysis.
• Prepare P&L and Balance Sheet for senior management.
• Review rent rolls, accounts receivable reports and other related reports. Ensure financial reports tie to general ledger.
• Prepare Sales and Use Tax filings in accordance with filing authority instruction.
• Process weekly full cycle Accounts Payable
• Preparation of year-end schedules for auditors.
• Cash management
• Prepare bank account reconciliations
• Monitor income and expenses to ensure compatibility with budgeted amounts.
• Integrate acquisitions into accounting and reporting frameworks.
• Calculate and reconcile monthly CAM charges, percent rent and management fees.
• Prepare annual escalations and expense recovery adjustment billings.

Financial Reporting and Communications:

• Prepare monthly and annual financial statements and provide report to executive management
• Prepare annual Budgets and Forecasts
• Collaborate with the property & asset management team in preparation of the property operating budget, and reforecasts
• Manage Construction & Capital Projects/Major Repairs accounting and reporting
• Prepare loan draws and monitors funding and disbursements
• Prepare ad hoc reports necessary for debt compliance and other matters as requested
• Assist with coordination and preparation of tax return
• Research technical accounting issues

Due Diligence:

• Set up new property records after purchase
• Prepare due diligence materials as necessary
• Scanning, data entry, cross-referencing, copying and retrieval

Accounting Manager:

• Assist Controller with the review, in a collaborative manner with the Property Accountants, to ensure complete and accurate financial reporting for assigned portfolios, for submission to Asset Management.
• Assist Controller to oversee Cash management including, but not limited to deposits, check runs, wire transfers and ACH setups, and bank reconciliations.
• Collaborate with the property & asset management team to prepare the property operating budget, and reforecasts.
• Mentor and manage the day-to-day work product of assigned accounting staff, perform ongoing job and job performance evaluations, approve timecards and time off requests.
• Manage time off staff shortages with temporary work allocation shifts and coverage.

Special Projects:

• Special and ad hoc projects as needed to support business needs

KNOWLEDGE, EXPERIENCE, SKILLS/ABILITIES

• Minimum seven (7) years of progressively increased accounting department experience and responsibility in public accounting or, preferably in commercial property management and construction accounting experience.  REIT accounting experience preferable as well.
• Excellent knowledge of MRI real estate software required; and related accounting platforms such as Sage FAS, Quickbooks and AvidXchange
• Microsoft Office software suite proficiency required, including advanced Excel use and user knowledge
• Effective oral and written communication skills; excellent accuracy/proofreading and attention to detail in all work product
• Proficiency and consistency with prioritizing workload, multi-tasking, working independently with minimal supervision and meeting work deadlines
• Maintain highest standard of work ethics and trustworthiness

Education Requirements:

Preferred minimum of Bachelor’s Degree from an accredited institution with degree focus in accounting, finance, or business administration.  Equivalent combination of education and years of business experience may be considered.

Physical Requirements:

This position is primarily performed in an open cubicle office setting; long periods of sitting and computer/keyboard use; reading documents; spreadsheet calculations; phone and other electronic equipment.  Typing dexterity needed; minimal lifting (<20 lbs.), standing, climbing.

Salary range: $110,000 – $115,000 annual rate, based on related knowledge, skills and experience level.

All job offers with MCB are contingent upon receipt of satisfactory background reports, which may include depending upon required job duties and as allowed by applicable federal and state law, consumer reports including, but not limited to, federal and state criminal, identity, credit, and driving record.

Unless otherwise stated in the job posting, all posted positions are classified as full-time, regularly reporting in-person to an assigned work location.

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