Staff Accountant, Property

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BRIXMOR EMPLOYMENT COMPANY, LLC

Posted 3 months ago

Full Time

Conshohocken, Pennsylvania

Hybrid

Smart Summary

Responsibilities

Responsible for the accounting functions of assigned property centers, including P&L statements, recovery calculations, and balance sheet reconciliations. Acts as a liaison for retailers regarding CAM issues and coordinates tenant audits and billings.

Qualifications

You have an Accounting/Finance undergraduate degree and are encouraged to apply as a recent college graduate. You possess detailed spreadsheet expertise, strong oral and written communication skills, and a disciplined approach to problem-solving.

Must Have Skills for ATS

Accounting

Finance

Spreadsheet expertise

Mainframe computer literacy

GAAP

IFRS

SOC 2

Job Description

The principal and essential functions will be to assist in the preparation of accurate accounting information on the performance of property assets by providing superior levels of customer service to Brixmor’s internal customers and optimize returns to its investors. These goals can be achieved via a customer focused, value adding team approach in which internal customers are highly serviced. 

In order for Brixmor’s internal customers to adequately meet and exceed retailer and investor customer expectations, there is an every-increasing need for: 

  • The provisions of timely and accurate information and customer service. 
  • Strong internal reporting procedures. 
  • A commercial approach to information collection, analysis and presentation. 
  • Flexibility and a willingness to respond to changing customer needs. 

Overall Responsibilities:

  • Responsible for the accounting function on all assigned centers including, but not limited to, profit and loss statement preparation, property recovery calculations and balance sheet reconciliations;
  • Compilation of financial information for the monthly management reports (including commentary) and additional reports as required under management agreements with external owners or at Executive's request;
  • Prepare Net Operating Income work sheets for assigned properties;
  • Prepare annual recovery reconciliation work papers for assigned properties;
  • Calculate annual escrow increases and budget recovery expense per sq ft;
  • Assist in the preparation of annual budgets, ensuring accuracy of calculations and completeness of documents to allow for meaningful and accurate variance reporting in the actual year;
  • Assist in the preparation of property forecasts to ensure forecast data accurately reflects the year to date position and likely income and expenditure for the remainder of the financial year;
  • Ensure continual compliance with Management Agreements with external owners (where applicable) and individual retailer leases; 
  • Assist with disposition accounting; and
  • Act as a liaison with all retailers in relation to Common Area Maintenance (including property tax and insurance) issues and disputes; 
  • Liaison with Collections Team members to ensure knowledge is transferred and tenant resolutions are appropriately communicated in a timely manner; 
  • Coordinate, review and resolve tenant audits; and 
  • Perform monthly % rent / % rent in lieu reconciliations for all tenants with percentage rent clauses and post related charges to tenant accounts.  
  • Collaboratively prepare and review all tenant billings.
  • Other ad hoc requests from owners and management as required.

Qualifications:

  • An Accounting/Finance undergraduate degree; 
  • Recent college grads encouraged to apply;
  • Team approach with positive attitude; 
  • Detailed spreadsheet expertise; 
  • Attention to detail as well as ability to see the big picture; 
  • Mainframe computer literacy from user viewpoint; 
  • Sound time and project management skills; 
  • Strong oral and written communication skills; and 
  • Capable of clear lateral thinking with a disciplined approach to documenting and solving problems. 

Brixmor offers a hybrid work schedule (first three days of the week in the office, the balance remote optional), very competitive pay commensurate with background and responsibilities plus a benefits and perks package that supports career engagement, growth, good health and connection with teammates and our communities.

EOE (Brixmor is an Equal Opportunity Employer)

Brixmor's Privacy Policy: https://www.brixmor.com/terms-and-policies/applicant-notice 


B

BRIXMOR EMPLOYMENT COMPANY, LLC

Brixmor (NYSE: BRX) is a real estate investment trust (REIT) that owns and operates a high-quality, national portfolio of open-air shopping centers. Its approximately 360 retail centers comprise approximately 66 million square feet of prime retail space in established trade areas. The Company strives to own and operate shopping centers that reflect Brixmor’s vision “to be the center of the communities we serve” and are home to a diverse mix of thriving national, regional and local retailers. Brixmor is a proud real estate partner to over 5,000 retailers including The TJX Companies, The Kroger Co., Publix Super Markets and Ross Stores. We offer a diverse range of commercial real estate jobs in multiple functions across 16 office locations nationwide. We are looking for demonstrated leaders at all levels who continually seek to raise the bar on performance every day. As an industry leader, Brixmor opens the door to commercial real estate jobs through summer internships for college students in our corporate and regional offices. Brixmor is a real estate investment trust (REIT).
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