Senior Property Accountnat
Cushman and Wakefield
Total years of experience :5 years, 1 Months
● Examine monthly expenses against annual budget and provide detailed descriptions on material variances
● Collaborate with multiple teams to create an accurate budget for both corporate entity as well as 8 shopping centers
● Oversee that management, leasing, development, and accounting fees of 130+ entities are paid into corporate entity monthly
● Ensure financial accuracy of all monthly reports requested by both lenders and partners
● Calculate and manage receivables for all tenant Common Area Maintenance, Real Estate Tax, and Misc billbacks
● Manage monthly distributions in line with proper cash reserves
● Monitor all AMEX transactions of field agents to ensure compliance with company policy
● Allocate large invoices paid by corporate entity to be billed back across the company portfolio
● Screen and approve all employee expense reports against company guidelines
● Perform quarterly budget variance analysis to identify areas of high expense and recommend cost saving measures
● Consult with multiple teams to properly prepare holding company budgets on an annual basis
● Liaison to lenders that require financial reporting for both residential and low-income housing
● Assist with annual audit process providing necessary schedules and documents
● Ensured financial accuracy on Balance Sheets and Income Statement before month close
● Manage brokerage commission payments for over 20 different agents across three offices
● Assist in ad-hoc projects to help manage the workload of other team members and provide research
● Coordinate with paralegals, title officers, and real estate agents to facilitate closings
• Enhanced professional development skills through weekly meetings on real estate opportunities and career paths
• Strategized social media content to raise awareness of members and events across the club’s social media platforms
• Coordinated alumni outreach requesting speakers for club events
● Processed and authorized trades and wires over multiple platforms
● Completed and monitored multiple process-point assignments and tasks
● Communicated with different teams and branches to ensure accuracy of processes and inputs
● Train new hires in financial procedures and operations of proprietary software systems
Key Projects and Achievements Developed capital budgeting model for real estate development project that analyzed IRR, NPV, and payback period to determine feasibility. Analyzed financial statements of public REITs to compare performance across real estate sectors for equity research report. Created dashboard to track apartment vacancy rates and market rents by zip code using real-time data. Led team project on commercial real estate valuation resulting in most accurate net operating income (NOI) projection. Recipient of Finance Association Student of the Year award for academic excellence in finance coursework. Key Activities Financial modeling and analysis for real estate acquisitions, development, and market feasibility. Research and valuation of REITs, CMBS, and other real estate securities using DCF, comps, cap rates. Real estate market analysis using data on rents, vacancy, absorption, demographics, and zoning. Quantitative analysis in Excel to analyze trends and performance of real estate funds and deals. Financial statement analysis and modeling to determine value and growth prospects of properties. Group projects on commercial real estate appraisals, development planning, corporate finance cases.