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Vice President, Property Accounting Operations & Oversight

New York

Headquartered in New York with a nationally-scaled platform, RXR is a 450+ person, vertically integrated investment manager with expertise in a wide array of value creation activities, including acquisitions, asset and portfolio management, property operations, development, construction, leasing, and technological innovation. RXR is an active investor in real estate credit, rental housing, commercial property, and property technology through value-added and opportunistic investment strategies.

Role Summary:

The VP, Property Accounting Operations and Oversight is responsible for overseeing all accounting and financial operations within the Office segment. This role ensures accurate financial reporting, compliance with company policies and GAAP, and provides financial insights to drive strategic decision-making. The role will also play a critical leadership role in ensuring the quality, timeliness, and compliance of accounting and administration performed by the company’s third-party service provider for the all aspects of property accounting. The VP, Property Accounting Operations and Oversight collaborates with corporate accounting, strategic planning, and operational teams to maintain segment profitability and efficiency. Reporting to the SVP, Corporate Controller, the selected candidate will interface with many internal and external constituencies including our partners, external auditors, internal asset/portfolio management, acquisitions, tax team, and outsourced accounting disciplines.  The individual will need to demonstrate leadership qualities and strong interpersonal skills.

 

Key Responsibilities:                                                                                                                                                                                 

  • Accounting Oversight:
    • Review and approve key work products from the third-party administrator, including financial statements, investor reporting, and compliance deliverables, with a focus on complex investment structures.
    • Lead technical accounting research and implementation of new GAAP pronouncements impacting real estate, lease accounting, and revenue recognition
    • Provide accounting guidance and oversight for acquisitions, dispositions, joint ventures, and financing transactions.
    • Ensure compliance with accounting policies, internal controls, and external reporting requirements.
    • Monitor and ensure timely and accurate execution of property-related workflows, such as capital calls, distributions, and transaction processing for real estate investments.
    • Act as a liaison between the internal investment management team and third-party administrator, facilitating smooth communication and coordination on fund transactions involving real estate assets.
    • Identify and address opportunities for improvement in property and corporate accounting processes.
    • Foster strong relationships with the third-party administrator and other external service providers, ensuring alignment with the company’s objectives.
    • Collaborate with internal and external stakeholders to resolve complex accounting and operational challenges.

 

  • Corporate Accounting Support:
    • Oversee financial reporting, and budgeting for the assigned segment.
    • Ensure timely and accurate close process for assigned segment
    • Analyze segment financial performance, identifying trends, risks, and opportunities, inclusive of variance analysis and key financial metrics
    • Develop and understand allocation methodologies for revenues and expenses across multiple segments
    • Work closely with the accounting operations to ensure proper revenue recognition, cost controls, and financial compliance.
    • Manage office segment-specific accounting policies, including leasing commissions and revenue recognition and segment-level expense allocations.
    • Partner with segment leadership to provide financial insights and support business strategies.
    • Ensure compliance with internal controls, company policies, and relevant accounting regulations.
    • Coordinate with the SVP, Corporate Controller on roll-up of data into corporate-level reporting deliverables for RXR’s management companies

 

 

 

Required Skills and Attributes:

  • Bachelor’s degree in Accounting (CPA strongly preferred)
  • 12+ years of progressive accounting experience with a focus on real estate, and at least 3-5 years in a leadership role
  • Expertise in complex real estate investment structures, cost allocations, and intercompany transactions
  • Strong knowledge of US GAAP as it applies to real estate investment entities, public accounting experience preferred (Big 4 is a plus)
  • Proven track record in leading process improvement initiatives and managing cross-functional teams
  • Experience working with administrators specializing in real estate and managing external service provider relationships
  • Proficient with Yardi and process automation tools relevant to the real estate industry
  • Ability to work in a fast-paced environment and handle multiple projects
  • Advanced Excel skills including building models to support accounting records and conclusions
  • Exceptional analytical, organizational and problem-solving skills
  • Good communication skills and the ability to maintain strong working relationships with colleagues, limited partners, auditors, legal counsel, and banking personnel
  • Strong references required

The salary range and/or hourly rate listed is a good faith determination of potential base compensation that may be offered to a successful applicant for this position at the time of this job advertisement and may be modified in the future. When determining a team member's base salary/rate, several factors may be considered as applicable (e.g. location, years of service, specialty, education, relevant experience).

Bonus eligible. 

Pay Range

$200,000 - $220,000 USD

RXR is an Equal Opportunity Employer committed to recruiting, hiring and promoting qualified people of all backgrounds regardless of gender, race, color, creed, national origin, religion, age, marital status, pregnancy, physical or mental disability, sexual orientation, gender identity, military or veteran status, or any other basis protected by federal, state, or local law. 
RXR is committed to the full inclusion of all qualified individuals. As part of this commitment, RXR will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact 516-506-6847.

 

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