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Morgan Stanley · 1 month ago

Director - Real Estate Accounting Operations

Boston, MA

Full-time

Onsite

Mid Level

$80K/yr - $115K/yr

4+ years exp

Morgan Stanley is an industry leader in financial services, known for mobilizing capital to help governments, corporations, institutions, and individuals around the world achieve their financial goals. The Director of Real Estate Accounting Operations will be responsible for managing the accounting and reporting for the real estate investment portfolio, ensuring compliance and accuracy while collaborating with various internal and external teams.

Asset ManagementFinanceFinancial ServicesLending

Responsibilities

Maintain an experienced understanding of the business line, firm and real estate investments held in a competitive environment

Prepare and review daily and monthly property accounting and reporting for a portfolio of currently 145+ investment properties and 9+ property management firms within stringent deadlines

Prepare detailed accounting entries for real estate transactions within stringent deadlines

Perform the team's operational and accounting functions for both the Alternative Investment Funds and the related subsidiary real estate investments. Such responsibilities may include; credit facility and mortgage debt administration and compliance, monitoring of cash movements, distributions and contributions from/to real estate investments, maintenance of investment trial balances, accrual accounting, developing and providing accounting instruction to service providers, loan borrowings and repayments, assisting with external and internal audits, monitor and process invoices and other expense accounting to include insurance and real estate taxes

Provide on-going support to the Real Estate Investment Group

Play a role in ensuring a strong control environment and monitor risks

Contribute to the optimization of the use of technology solutions and existing platform subscriptions. Adapt to and learn innovative technologies as needed

Contribute to firm initiatives

Play a contributing role in administering existing technology platforms and creating solutions using AI and modern technology

Strong accountability for accuracy and completion of assigned deliverables while meeting deadlines

Play an integral contributing role in daily collaborations with internal teams as well as multiple outside service providers. Outside service providers include property managers, banks, custodian, and audit professionals

Maintain and build relationships with peers in department, immediate supervisor, peers in other departments and with exposure to senior staff

May have responsibility for training staff and have supervisory responsibilities

Participation in firm initiatives and adherence to firm policies, procedures, and training

Qualification

Real Estate AccountingGAAPCPAAlteryxPowerBiDetail OrientationSupervisory SkillsCommunication SkillsProblem SolvingTime Management

Required

Continuous focus in building strong relationships internally and externally

Effective use of technology solutions and existing platform subscriptions and develop and learn modern technology solutions

Ability to use independent judgement and ability to work independently

Developing supervisory, training skills, and providing input into resourcing decisions

Maintain strong written and oral communications

Understand and maintain a strong control environment

Experienced understanding of Real Estate Accounting

Bachelor's and/or master's degree in accounting or finance

A minimum 4-6 years demonstrated progression of audit, accounting and reporting experience within the Real Estate and Investment industries, with a strong knowledge of GAAP

Strong detail orientation skills with a superior work ethic

Excellent organization, time management, problem solving and communication skills