Brookfield Properties - Chicago, IL

posted 4 months ago

Full-time - Senior
Chicago, IL
Real Estate

About the position

At Brookfield Properties, we are seeking a highly skilled and experienced Director of Corporate Accounting to join our corporate accounting team. This position is pivotal in ensuring the integrity of our financial reporting and compliance with accounting standards. The ideal candidate will possess strong leadership qualities, extensive knowledge of accounting principles and regulations, and the ability to drive process improvements. Reporting directly to the Controller, the Director will manage a co-sourced team of accounting professionals, ensuring accurate financial reporting and implementing best practices to support the company's financial objectives. The Director will maintain a thorough knowledge of the financial reporting process and the specifics of assigned projects. This includes reviewing and analyzing financial statements and information, as well as assisting with the year-end audit process. The role requires a strong foundation in accounting principles, extensive experience in corporate accounting, and a deep understanding of the nuances within the commercial real estate industry. The successful candidate will be responsible for leading the preparation and analysis of financial statements, ensuring timely and accurate reporting of financial results to senior management, stakeholders, and external parties as required. In addition to financial reporting, the Director will oversee the month-end and year-end close processes, coordinating activities across departments to meet deadlines and ensure accurate financial reporting. Collaboration with other departments to develop annual budgets and financial forecasts is essential, as is monitoring performance against budgetary targets and investigating variances to provide insightful analysis that supports decision-making processes. The Director will also supervise and mentor a team of accounting professionals, providing guidance, training, and support to foster their professional growth and development. This role requires the ability to delegate tasks effectively, prioritize workload, and ensure deadlines are met consistently. Furthermore, the Director will develop, implement, and maintain internal controls to safeguard company assets and ensure compliance with company policies and procedures. Staying abreast of changes in accounting standards and regulations is crucial, as is researching and interpreting complex accounting issues to provide guidance for compliance. The Director will also identify opportunities to streamline accounting processes and enhance efficiency, implementing changes as necessary to improve accuracy and productivity. Participation in special projects assigned by senior management will also be a key responsibility, contributing financial expertise and insights to support strategic initiatives.

Responsibilities

  • Lead the preparation and analysis of financial statements, including balance sheets and income statements, in accordance with Generally Accepted Accounting Principles (US GAAP) and company policies.
  • Ensure timely and accurate reporting of financial results to senior management, stakeholders, and external parties as required.
  • Responsible for the month-end and year-end close processes, coordinating activities across departments to meet deadlines and ensure accurate financial reporting.
  • Collaborate with other departments to develop annual budgets and financial forecasts.
  • Monitor performance against budgetary targets, investigate variances, and provide insightful analysis to support decision-making processes.
  • Supervise and mentor a team of accounting professionals, providing guidance, training, and support to foster their professional growth and development.
  • Delegate tasks effectively, prioritize workload, and ensure deadlines are met consistently.
  • Develop, implement, and maintain internal controls to safeguard company assets and ensure compliance with company policies and procedures.
  • Stay abreast of changes in accounting standards and regulations, researching and interpreting complex accounting issues, and providing guidance to ensure compliance.
  • Collaborate with other departments, including finance, treasury, tax, and legal, to support business initiatives and ensure alignment on accounting matters.
  • Identify opportunities to streamline accounting processes and enhance efficiency, implementing changes as necessary to improve accuracy and productivity.
  • Lead or participate in special projects as assigned by senior management, contributing financial expertise and insights to support strategic initiatives.
  • Management, accounting and monitoring of management company fee revenues and expense recoveries, and the related collections and monitoring of accounts receivables.
  • Manage intercompany accounting allocations.
  • Other duties as assigned.

Requirements

  • Bachelor's degree in accounting; CPA certification preferred.
  • 10-12 years of progressive accounting experience, with at least 5 years in a supervisory or managerial role.
  • Thorough understanding of US GAAP and financial reporting requirements.
  • Strong leadership and people management skills, with the ability to motivate and develop team members.
  • Excellent analytical and problem-solving abilities, with a keen attention to detail.
  • Advanced proficiency in Microsoft Excel and experience with ERP systems (Yardi and JDE preferred).
  • Effective communication skills, with the ability to present financial information clearly and concisely to stakeholders at all levels.
  • Proven ability to manage multiple priorities and meet deadlines in a fast-paced environment.
  • Knowledge of SOX compliance requirements preferred.

Nice-to-haves

  • Experience with Yardi and JDE ERP systems.
  • Knowledge of SOX compliance requirements.

Benefits

  • 401(k) matching
  • Commuter assistance
  • Dental insurance
  • Health insurance
  • Paid parental leave
  • Paid sick time
  • Paid time off
  • Career development programs
  • Charitable donation matching
  • Generous Paid Time Off (vacation, personal holidays, paid sick time)
  • Paid Volunteer Hours
  • Family planning assistance including IVF, surrogacy and adoption options
  • Wellness and mental health resources
  • Pet insurance offering
  • Childcare Assistance
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