Senior Accountant

Job Locations US-CA-Los Angeles
Job ID
2548
Function
Accounting / Finance
Location Name
333 South Grand Avenue

Overview

Related Companies is the most prominent privately owned real estate firm in the United States. Formed over 40 years ago, Related is a fully integrated, highly diversified industry leader with experience in virtually every aspect of development, acquisitions, management, finance, marketing and sales.

 

Headquartered in New York City, Related has offices and major developments in Boston, Chicago, Los Angeles, San Francisco, South Florida, Washington, D.C., Abu Dhabi, London, and Shanghai and boasts a team of over 3,500 professionals. The Company’s portfolio of over $50 billion in real estate assets owned or under development is made up of best-in-class mixed-use, residential, retail, office and affordable properties in premier high-barrier-to-entry markets. Related has developed preeminent mixed-use projects such as Time Warner Center in New York and CityPlace in West Palm Beach and is currently developing the 28-acre Hudson Yards project on Manhattan’s West Side. Related also manages approximately $4 billion of equity capital on behalf of sovereign wealth funds, public pension plans, multi-managers, endowments, and family offices. Related was recently named to Fast Company Magazine’s list of the 50 Most Innovative Companies in the World.

 

Related also owns Equinox® Fitness Clubs and SoulCycle further expanding the company's capabilities into the health and fitness arena and enhancing the value of its properties through an exclusive, branded amenity and lifestyle offering. Related is a partner in CORE, a boutique residential brokerage.

Responsibilities

The successful candidate will be assigned to Phase I of Related’s Grand Avenue project, a 950,000 square foot landmark mixed-use project to be built on a 140,263 square foot parcel located in downtown Los Angeles directly across from the Walt Disney Concert Hall on Bunker Hill.  The Frank Gehry designed project will feature two towers on a 215,000 square foot retail and entertainment podium with public plaza.  Tower 1 will be developed into a 305 room Equinox hotel with meeting space and ancillary hotel amenities.  Tower 2 will combine approximately 215 market rate apartments with 86 affordable housing units and approximately 128 market rate condominiums on the upper floors.  This opportunity provides the candidate with a unique experience spanning the entire development process from conceptual design stage through completion of construction and asset stabilization/disposition with exposure to design, construction, financing, marketing, leasing, sales and operations.

 

The Senior Accountant will work closely with the Controller on all aspects of accounting and financial reporting for the Grand Avenue project.  This is a key role on the accounting team with very dynamic demands and responsibilities that will change over time as the Project progresses from the pre-development stage to construction and eventually to the turnover to operations and/or sales of assets to third parties.  The ideal candidate should be a self-motivated person who thrives in a dynamic work environment and demonstrates a flexible and adaptable work style that responds quickly and efficiently under tight deadlines.  This position will be based in Los Angeles.

 

The Senior Accountant shall work closely with the Controller and as well as Construction, Design, Development; Finance, Tax, Legal and any third-party entities in the performance and execution of all accounting aspects of the development project including the following:

 

  • Prepare monthly development funding requisitions.
  • Propose and record monthly journal entries and make necessary adjustments.
  • Prepare monthly, quarterly and year-end financial reporting package.
  • Prepare financial statements and consolidated reports for inter-department distribution and presentation to investors.
  • Perform variance analysis and account reconciliations.
  • Communicate effectively across the company to research and resolve problems. Ability to propose process improvement and work with a team to implement changes.
  • Maintain internal controls to ensure safeguarding of company assets and adherence to company standards.
  • Assist with special projects and ad hoc requests.
  • Training, mentoring and supervising junior staff.

Qualifications

  • Minimum of 3-5 years of relevant accounting experience,
  • Real estate development or construction company experience and CPA preferred.
  • Highly intelligent with excellent analytical skills.
  • Excellent Excel skills.
  • Ideal candidate is a highly entrepreneurial and self-motivated person who thrives in a dynamic work environment and demonstrates a flexible and adaptable work style that responds quickly and efficiently under tight deadlines.
  • Clear communicator with ability to interact with senior leaders.
  • Team player.
  • Superior organizational skills.
  • A mature professional with excellent judgment and interpersonal skills.
  • Knowledge of JD Edwards accounting software, a plus.
  • Undergraduate degree.

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