WS Development is hiring: Property Accountant in Newton

At WS Development, we pride ourselves on providing a collaborative, entrepreneurial environment where employees are encouraged to contribute to the decisions, planning, process, and culture of the firm. We are a vertically integrated firm, focused on developing, building, owning, and managing beautiful places where people want to be!

Our Accounting team is growing, and we are looking to add a Property Accountant. This role will require a high degree of collaboration both as a member of a team and cross-functionally. The Property Accountant will work closely with Lease Compliance, Construction, Development, Property Management, Finance, Leasing, Legal, and Tenant Coordination. Relationship building, coupled with a strong work ethic, will be key to success.

What You'll Do

The Property Accountant will be responsible for a portfolio of properties, including a more complicated staffed property reviewed by a Manager, as well as less complicated properties issued monthly/quarterly without a Manager's review. Responsibilities include preparing monthly financial statements—balance sheets, income statements, variance analyses, property/tenant statistics, and general ledger reconciliations.

This position will also work on upper and lower-tier entities within the structure and will assist with REIT testing where applicable. Responsibilities include preparing cash distribution worksheets to determine partner distributions, annual budgeting, and responding to year-end audit inquiries. The role involves maintaining GAAP and Tax reporting for complex properties, understanding tenant leases, and managing cash flow.

Additional duties include preparing Common Area Maintenance and Real Estate Tax tenant billings, Percentage Rent billings, and tenant water billbacks on a quarterly or semi-annual basis. The Property Accountant will review the work of less experienced team members, provide training, and participate in annual reviews.

Keys to Success

Success in this role requires a team-oriented mindset, passion, a strong work ethic, and a desire to positively impact a growing organization. The candidate should be detail-oriented, highly organized, aware of urgent deadlines, and capable of understanding the big picture.

Requirements

• Bachelor's degree in accounting
• 3 to 5+ years of experience in general ledger and financial statement preparation
• Knowledge of MRI, Avidxchange, and Anaplan is highly desirable
• Strong Excel skills
• Ability to quickly learn and master various software systems

About WS Development

Massachusetts-based WS Development is a mixed-use developer with a mission to create places people want to be. Established in 1990, WS owns, operates, and leases over 100 properties, ranging from urban spaces to community centers. With over 22 million square feet of existing space and nine million under development, it is among the largest privately-owned development firms in the country.

WS Development fosters a culture where great ideas and people come together to design, build, and operate some of the country's most beloved real estate projects. We value diversity and inclusion, welcoming all employees regardless of race, religion, gender, or background.

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