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, development, and residential real estate assets. Will partner directly with the property managers, asset managers, and third-party management companies. This position requires advanced knowledge of the Generally Accepted Accounting Principles (“GAAP”) and hands-on experience working within an accrual based, monthly-close process, preparing journal entries and account reconciliations as well as identifying and improving monthly processes.

JOB ESSENTIAL RESPONSIBILITIES
The following is not an all-inclusive list of the job responsibilities and other job-related duties may be added or changed at any time by MCB to support business need.

General Accounting:
• Prepare and enter journal entries for fixed assets, accruals, deferred rent, prepayments, and other balance sheet accounts.
• Participate in all aspects of month end close and close analysis.
• 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, as necessary.
• Process weekly full cycle Accounts Payable
• Preparation of year-end schedules for auditors.
• Prepare bank account reconciliations
• Monitor income and expenses to ensure compatibility with budgeted amounts.
• Calculate and reconcile monthly management fees. Reconcile monthly CAM charges and percent rent charges.
• Review monthly reports from third-party management companies for accuracy and completeness.

Financial Reporting and Communications:
• Prepare monthly financial packages for senior 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 ad hoc reports necessary for debt compliance and other matters as requested
• Collaborate with coordination and preparation of tax return
• Research technical accounting issues
• Communicate with third party management teams

Special Projects:
• Special and ad hoc projects as needed in support of business area and MCB

KNOWLEDGE, EXPERIENCE, SKILLS/ABILITIES
• Minimum Seven (7) years of progressively increasing accounting experience in public accounting or, preferably, in commercial/residential property management or construction accounting
• Working knowledge of MRI real estate software preferred
• PC-based 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:
Minimum Bachelor’s Degree from an accredited institution with degree focus in accounting, finance, or business administration.

Physical Requirements:
This position is primarily performed in the MCB corporate office 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.

Salary range: $90-95,000 annual rate, based on related knowledge, skills and experience level.

All job offers with MCB are contingent upon receipt of satisfactory background checks, which may include, depending upon job duties and as allowed by applicable federal and state law, consumer reports including federal and state criminal, identity, credit, driving record.

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

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