Director, Real Estate Accounting

Full Time
Philadelphia, PA 19104
Posted
Job description

Overview

Brandywine Realty Trust is one of the largest, publicly traded, integrated real estate companies in

the US, headquartered in Philadelphia, with a core focus in the Philadelphia, Washington, D.C., and

Austin markets. Organized as a REIT, we own, develop, lease and manage an urban, town center and

transit-oriented portfolio. At Brandywine, we believe excellence is rooted in process, people, and

passion. We work together toward a shared vision, and within a culture emphasizing ingenuity,

work/life balance, and civic engagement. We value the customer experience above all else and strive

to exceed expectations in every interaction.

We are seeking an experienced Director of Real Estate Accounting, for our Philadelphia

Headquarters. The Director of Real Estate Accounting, supervises, coordinates, and ensures property

accounting activities are performed for our consolidated portfolio.

Essential Duties and Responsibilities

  • Review of commercial leases to ensure compliance with GAAP, specifically as it relates to leases

with more complex terms (tenant inducements, termination options, etc)

  • Participate in monthly financial review meeting with executive management as the primary

resource for insights regarding property level accounting and tenant issues.

  • Detailed review of each regional property accounting reporting packages prepared by the Property

Accounting Manager on a monthly-basis prior to distribution to asset management and the executive

team. Review of the monthly reporting package includes:

o Budget to actual variances with detailed explanations

o Review of tenant AR aging to address collectability concerns

  • Review of monthly workpapers prepared by Portfolio Accountants and Property Accounting Managers,

including but not limited to: prepaid real estate taxes, R&M, accrued expenses, ground rent

activity, management fees, termination fee income, payroll allocations

  • Review of the quarterly CAM accrual as calculated by Property Accounting team
  • Review of annual CAM reconciliation prior to billing to tenants
  • Review of the annual CAM estimates based on budgets.
  • Work with corporate accounting and the investments department for acquisitions and dispositions

of real estate during the due diligence process (for example, review of revenue and expense

prorations)

  • Following the closing of transaction, responsible for oversight of the timely recording of the

transaction to the general ledger

  • Act as the primary accounting liaison for Property Management and Assets Management

departments.

  • Oversee requests from auditors during quarterly reviews and annual audits
  • Work on special projects as needed by the senior management.

Supervisory Responsibilities

Responsible for oversight of team of approximately 10-12 performing the following functions:

Property Accounting, Accounts Receivable, and Lease Administration

Qualifications

  • Bachelor’s degree (B.A.) from an accredited college or university
  • Minimum of 10 years’ experience in real estate accounting
  • Advanced computer skills including Excel, Word and familiarity with general ledger software

packages required. MRI experience a plus.

  • Experience in a multi-site environment, publicly traded company and REIT industry all a

plus.

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