Director-Accounting at IndCor Properties, A Blackstone Company
Equity Office - Chicago, IL

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IndCor Management, LLC. (IndCor) is one of the premier real estate companies in the United States focusing on the ownership and management of industrial properties. As a comprehensive real estate operator, IndCor currently owns and manages over 85 million square feet located in 40 key logistics markets in 21 states. IndCor is headquartered in Chicago, Illinois with regional offices located in Denver, Colorado and Doylestown, Pennsylvania.

Responsibilities

Responsible for all accounting functions for a portfolio of over 45m square feet of industrial properties primarily acquired by the 4

th

quarter of 2010.

Responsibilities:
Oversight of annual audited GAAP financial statements.

Preparation and monitoring of compliance with process narratives (bad debt, leasing protocols, and other areas).

Monitoring of budget v. actual compliance.

Preparation and analysis of quarterly cash distributions.

Cash management associated with properties and distributions both from the properties to the parent ventures

Review of quarterly and monthly lender compliance, including loan covenant supporting calculations.

Prepare quarterly fund-level financial statements that consolidate the operations and balance sheets for multiple properties up to the investment-fund level.

Review of annual federal and state tax returns.

Oversight of internal control maintenance over multiple external and internal users.

Development and maintenance of special asset management reports.

Investigation of variances in property-level revenue and expenses, alongside asset managers.

Day-to-day interface with property accountants to provide guidance on handling of all accounting issues, debt service, tax payments and escrows.

Recording of all acquisitions, dispositions and financings within the assigned fund

Approval of General & Administrative disbursements at parent-level.

Review ledger detail, including adjusting journal entries and review of capitalization issues. Review monthly GAAP based financial statements and supporting schedules.

Review reconciliation of all property level cash, investment, and disbursement accounts.

Review tenant receivables balances and activity. Review monthly accounts receivable sub-ledger close and transfer to general ledger.

Review Excel based audit workpaper file, supporting schedules, and trial balances.

Assist in preparation of monthly results report and quarterly board of directors meeting materials.

Review budget and reforecasts for reasonableness and accuracy.

Develop a working relationship with property managers and property administrators. Function as liaison between the home office and property/regional employees. Responsibilities include answering questions about and ensuring compliance with accounting policies and procedures, and resolving accounting related problems.

Coordinate annual escalation process. Prepare initial package for distribution to properties. Review final packages received from properties.

Review annual budget for reasonableness including escalation budgets.

Responsible for any incidental compliance reporting such as state sale tax returns, preparing lender reports, etc.

OTHER JOB FUNCTIONS:
Prepare other financial analyses as needed (e.g. cash flow analyses, etc.).

Review lease summaries, rent rolls, etc. on an as needed basis.

Perform other duties as assigned.

Qualifications

Bachelor's Degree in Accounting required.

CPA required.

Minimum of 10 years of accounting experience required.

Experience in the commercial real estate industry required.

The ability to organize and prioritize workload, work independently, and meet strict reporting deadlines is essential.

Strong excel skills a must.

Closing Statement

IndCor offers competitive salaries and a robust benefits program which includes 401(k), comprehensive medical, dental and vision insurance plans and more!

For immediate consideration, please apply online at

www.equityoffice.com

.

We are committed to a diverse workforce. EOE M/F D/V

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