Manager - Property and Transaction Accounting

UDR, Inc. is now hiring a Manager-Property & Transactions Accounting to join the team at our corporate office in Highlands Ranch, CO.

GENERAL SUMMARY OF DUTIES: Responsible for managing accounting functions related to the monthly accounting close cycle, development and redevelopment projects and transactions. Manage and review month end journal entries, general ledger account reconciliations, financial statement review and other monthly property close processes. Provides leadership for the preparation, development and analysis of accounting information following established policies and procedures in compliance with Generally Accepted Accounting Principles (GAAP) to provide financial support to UDR communities, joint venture partners and third-party owners. Serve as point of contact for outside public auditors to complete quarterly reviews and year-end audits and ensure compliance with Sarbanes-Oxley documentation and testing requirements.

SUPERVISION RECEIVED: Reports to the Director - Property Accounting & Transactions

SUPERVISION EXERCISED: Accounting Supervisors

ESSENTIAL FUNCTIONS:

1. Accountable for all responsibilities associated with the monthly accounting and closing cycle related to property financials, development and redevelopment projects and transactions. This includes internal and external customer service, management reporting and regulatory reporting.

2. Ensure accounting processes are completed timely according to planned close schedules.

3. Manage month end close duties, including preparation and review of journal entries, account reconciliations, and monthly variance analysis.

4. Review property financial statements for completeness, accuracy, and compliance with GAAP and UDR policies.

5. Manage and review various account and bank reconciliations. Investigate, resolve, and understand the reconciling items. Ensure reconciling items are investigated and resolved timely.

6. Manage reconciliation of property insurance claims to the general ledger, proper impairment of damaged fixed assets and timely closure of insurance claims on the GL.

7. Manage accounting for development and redevelopment projects, including the general ledger posting of construction draws for multiple projects.

8. Provide guidance on the company's capitalization policy.

9. Manage accounting for transactions, including acquisitions and dispositions. Coordinate requests to assess potential transactions, support third-party valuation reports, estimate gain/loss impacts, prepare high-level summary of journal entries, and assist in preparing and reviewing final post-close reconciliations.

10. Maintain the projects module within PeopleSoft including the monthly reconciliation to the general ledger, setup and maintenance of new business units, capital accounts and projects.

11. Load development, redevelopment and asset quality project budgets into PeopleSoft project costing module.

12. Act as an in-house expert in the use of the project costing accounting software, including job cost tracking, contract entry, analysis, and reporting.

13. Interact frequently with community management (CDs, RMs and/or ADs), and various corporate departments (Project Managers, Development, Operations, Acquisitions) to ensure reporting needs are being met timely and continuously improve the monthly reporting process.

14. Work collaboratively with the IT Department to resolve system issues and for system testing and/or system upgrades and implementations as needed.

15. Oversee various administrative, accounting, financial, statistical reports or ad hoc reports and projects as assigned.

16. Serve as point of contact with auditors to assist in reviewing and completing quarterly and year-end audits and ensure compliance with Sarbanes-Oxley documentation and testing requirements.

17. Partner with outside auditors to ensure 40B audits for Massachusetts and Income Audits for New York or other required audits are completed.

18. Prepare various quarterly schedules in support of the UDR, Inc. 10-Qs, 10-Ks, Supplemental Disclosures, and internal earnings call books.

19. Apply experience, knowledge, analytical skills, and leadership skills to solve issues, establish efficient accounting processes/procedures and controls, and work prioritization.

20. Lead and guide staff, senior accountants, and supervisors in carrying out their job responsibilities and group goals.

21. Hire and train new staff and develop staff to maximize potential.

22. Supervise direct reporting staff in accordance with overall company policy.

23. Monitor staff performance including performance reviews and address performance problems through corrective action and dismissal.

24. Approve time records and requests for time off.

25. Assist direct reporting staff to address and resolve concerns or complaints involving job duties and job descriptions, performance standards, relations with coworkers, and relations with supervisors and managers.

26. Perform other duties as assigned or as necessary.

PERFORMANCE REQUIREMENTS: Knowledge of organizational policies and procedures. Knowledge and appreciation of business concepts and requirements. Thorough understanding of generally accepted accounting principles (GAAP) is required. Knowledge of Sarbanes-Oxley documentation and testing requirements. Ability to apply policies and procedures to solve everyday Company issues.

Proven ability to manage people with diverse backgrounds. Ability to motivate, develop, and direct people as they work, identifying the best people for the job. Ability to apply the principles and practices of work leadership and management. Builds effective teams, communicates objectives and expectations, and motivates consistent high performance in others.

Knowledge of automated financial and accounting reporting systems. Ability to take initiative, define problems, collect data, establish facts, analyze, and interpret financial data, draw valid conclusions, and take responsibility for completing the task or propose solutions. Ability to read, analyze, and interpret financial reports.

Perform duties that require strong comprehension, analytical, research, composition, communication, and organizational skills. Ability to work in a fast-paced environment and meet critical deadlines. Ability to exercise initiative, problem-solving, and decision-making skills.

Excellent verbal and written communication skills. Ability to create, compose, and edit written materials presented to executives. Polished interpersonal skills. Ability to effectively present information and respond to questions. Ability to work in conjunction with Company executives and directors.

Skilled in the use of spreadsheet and word processing software with knowledge in Microsoft Word, Excel, and Power Point. Ability to process journal entries, queries, and generate reports in a sophisticated accounting system, such as PeopleSoft.

TYPICAL PHYSICAL DEMANDS: Occasionally lifting items weighing up to 30 lbs. Requires eye-hand coordination and manual dexterity sufficient to operate a keyboard, photocopier, telephone, calculator, and other office equipment. Requires normal range of hearing and eyesight to record, prepare, and communicate appropriate reports. Extensive data input and required ability to sit for long periods of time. Regular and consistent attendance on the job is an essential function.

TYPICAL WORKING CONDITIONS: Normal office environment. Occasional evening or weekend work. Option for hybrid schedule, both in-office and remote.

EDUCATION AND EXPERIENCE:

1. Bachelor's degree, with an emphasis in Accounting or Finance, or its equivalent experience, required

2. Minimum of five years related experience and/or training; or equivalent combination of education and experience required

3. Minimum of three years related management experience required

4. Experience in public accounting a plus.

5. Ability to lead team and projects successfully.

6. Strong communication skills, both written and oral - ability to present data in a clear and concise manner to stakeholders and management.

7. Experience with PeopleSoft preferred.

8. Certified Public Accountant designation preferred.

9. Must have and maintain a valid driver's license unless otherwise noted

Benefits Offered:

* Medical, Dental, Vision Plans* Medical Flexible Spending Account* Dependent Care Spending Account* Supplemental Term Life Insurance* Voluntary Cancer Insurance* Supplemental Short-Term Disability Insurance / AD&D Insurance* Voluntary Long Term Care Insurance* 401(k) Plan with company match

Salary Range:* $100,000.00/yr. (minimum) - $115,000.00/yr. (maximum), depends on experience

Bonus Potential:* Eligible for 15% annual bonus potential, based on personal and company performance