Returning Candidate?

Senior Accountant

Senior Accountant

Job ID 
# of Openings 
Job Locations 
Posted Date 
Accounting - Value Add

More information about this job


Colony NorthStar, Inc. is a global real estate investment manager with over $42 billion in assets under management, 18 global locations, and 500+ employee’s worldwide, owning and managing numerous real estate verticals including Global Healthcare, U.S. Industrial, U.S. Hospitality, Global Other Equity & Debt, and Investment Management.




The Senior Accountant is responsible for the property accounting and assigned tasks of a real estate portfolio consisting of multi-tenant offices or single tenant net leases.  The position reports to the Assistant Controller for multi-tenant offices and to the Manager for single tenant net leases.  The position is based in Boston and supported by an outsourced team of accounting professionals based offshore.


General Accounting

  • Approve scheduled deliverables from offshore team (ex. journal entry upload files)
  • Approve journal entries prepared by staff accountant (ex. impairment, supplemental operating revenue and expenses)
  • Confirm proper accrual accounting for expenses and applicable escalation and pass-through to tenants
  • Approve unbilled and overbilled tenant expense recovery adjustments prepared offshore
  • Review annual CAM reconciliations and billings prior to management approval
  • Review Fixed Asset System data and general ledger interface and validate accounting
  • Review Job Cost module; ensure capitalization policy compliance
  • Review system’s straight-line rent function output, monthly amortization, and tie-out to lease documents
  • Review and approve market lease adjustments
  • Conduct balance sheets review and prepare reconciliations
  • Conduct income statements review and prepare reconciliations
  • Prepare monthly financial workbooks (work papers) and analysis
  • Prepare monthly, quarterly and annual financial statement packages, supplemental financial information, and footnote disclosures; ensure compliance with GAAP, policies and procedures, and guidelines
  • Review and summarize variances between properties’ actual results and their corresponding approved plans and/or pro forma purchase underwriting; reconcile NOI variances to occupancy levels
  • Prepare trend review report for offshore team’s follow-up review and analysis
  • Monitor debt compliance at the property level; prepare applicable documentation and required financial reports
  • Maintain loan payable schedules and validate interest expense accounts (prepaid, accrued, expense) monthly
  • Prepare annual financial audit deliverables (bank confirmations, PBC accounting work-papers)
  • Monitor REIT compliance at the property level
  • Prepare pro-rations and related accounting for acquisitions and dispositions; prepare re-prorations pursuant to purchase and sale agreements
  • Prepare, review, or approve components of property budgets and reforecasts, depending on role or function
  • Train staff accountants; respond to inquiries, as needed; delegate tasks where appropriate
  • Provide ongoing support to Asset Managers, property managers, and accounting management for assigned properties; respond to inquiries, as needed

Cash Management

  • Review daily cash activity and balances; review staff accountant’s cross check with bank integrated services
  • Approve daily cash report prepared offshore
  • Initiate funding of Concentration Accounts
  • Forecast and reserve for cash requirements in connection with capital expenditures, property taxes, and material expenses
  • Monitor line borrowing availability and repayment; prepare recording for approval
  • Authorize wire transfers, ACHs, book transfers, and other EFTs prior to supervisory approval
  • Approve bank statement reconciliations
  • Monitor reserve and escrow cash and prompt release requests


Accounts Receivable

  • Approve monthly net-out adjustments prepared offshore; approve final aged delinquency reports
  • Approve posting of tenant direct expense recovery charges ("bill-backs")
  • Approve tenant indirect expense recovery (CAM) calculations prepared offshore
  • Approve aged delinquency reports
  • Validate and approve tenant lease information prior to system activation (ex. lease data, recurring charges, CAM)


Accounts Payable

  • Review and approve invoices in automated workflows
  • Review and authorize loan payments prior to supervisor approval
  • Monitor property tax matters, including timely payments, abatements, related tenant recovery adjustments
  • Approve systematic management fee function
  • Approve sales tax returns and reconciliations
  • Monitor guidance and support provided by AP and staff accountants to third party management personnel

Other Responsibilities

  • Ensure the timely completion of system set-up requirements
  • Participate in Sarbanes-Oxley compliance activities applicable to job functions
  • Identify and remedy process failures
  • Routinely validate custom report designs and related data integrity
  • Other ad hoc duties and related reporting, as assigned and directed


  • Four-year degree in Accounting, Finance, or related discipline
  • Four to seven years of experience in a public accounting firm, real estate company, or a public/private mix
  • Significant experience with property management software (Yardi Voyager 7s highly desirable)
  • Experience with intercompany transactions
  • Intermediate to advanced Excel skills; experience with MS-Word
  • Strong analytical, communication, and interpersonal skills
  • Exceptional organizational skills, with the ability to multitask, prioritize, and meet and enforce established deadlines
  • Proven ability to initiate and complete work independently
  • Prior supervisory or task oversight experience preferred
  • Professional demeanor with a strong work ethic
  • Ability to take and provide direction well
  • Ability to perform multiple assignments with high attention to detail
  • Ability to work cooperatively and collaboratively with all levels of employees, management and external vendors to maximize performance, creativity, problem solving, and results.