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Senior Accountant, Industrial

companyThe Lightstone Group, LLC
locationLakewood, NJ 08701, USA
PublishedPublished: 6/14/2022
Full Time

Job Description

COMPANY OVERVIEW:

Lightstone, founded by David Lichtenstein, is one of the most diversified privately held real estate companies in the United States. Headquartered in New York City, Lightstone is active in 26 states across the country, developing, managing and investing in all sectors of the real estate market, including residential, hospitality, commercial, and retail. With 209 existing properties, Lightstone’s over $9 billion portfolio currently includes over 13 million square feet of industrial, logistics, and life sciences properties, over 25,000 residential units, and over 5,100 hotel keys. Lightstone’s recent development activities include over $3.5 billion in the residential and hospitality sectors spread across New York City, Los Angeles, and Miami.

POSITION OVERVIEW:

Lightstone currently owns and/or manages a large portfolio of properties across multiple asset classes. In the Senior Accountant – Industrial Properties position, you will responsible for accounting functions primarily related to Lightstone’s rapidly growing portfolio of industrial properties; including assisting in the preparation, review and maintenance of the general ledger and related financial statements. Prior accounting experience with industrial properties, attention to detail and excellent communication skills are amongst the required qualifications.

This position is full time and exempt. The Senior Accountant – Industrial Properties will be based at the Company’s Lakewood, New Jersey office. This position reports to the Accounting Manager.

ESSENTIAL FUNCTIONS:

The Senior Accountant- Industrial Properties will primarily be assigned industrial real estate properties and is responsible for the following functions:

  • Assist with the preparation of financial statements.
  • Analyze and reconcile bank statements and general ledgers.
  • Post journal entries for accrued expenses and revenue.
  • Maintain and record fixed assets and related depreciation/amortization.
  • Analyze revenue and expenses to ensure that they are recorded appropriately on a monthly basis.
  • Assist with monthly and quarterly close activities and reconcile any intercompany receivables and payables.
  • Assist with preparing and analyzing financial statements on a monthly basis and research and report on significant and/or unusual variances and trends.
  • Prepare internal financial statements and supporting schedules according to monthly close schedule.
  • Assist with budget and forecast preparation.
  • Coordination of annual audit and tax document preparation.
  • Track and monitor tenant lease obligations.
  • Prepare lender and joint venture partner reporting packages and calculate and monitor financial debt covenants and joint venture partners’ equity contributions and distributions.
  • Other duties and responsibilities, including special projects as assigned.

QUALIFICATIONS:

  • Minimum 4 years relevant industrial property accounting experience.
  • Bachelor degree or equivalent in accounting, finance, business or similar field..
  • Public accounting experience and/or CPA designation is preferred.
  • Excellent computer skills, including advanced proficiency in MS Office applications, particularly Excel.
  • Experience with MRI, Yardi and/or other real estate accounting software systems.
  • Ability to work independently and as a member of a team.
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