Director of Accounting

Job Summary

Weller Development Company is looking for a qualified and experienced professional to join its accounting and finance team. The company is currently focused on a variety of high-profile ventures within the Baltimore region through which the company, along with other investors, owns, operates, manages and develops real estate. This role’s focus would be on the accounting and reporting for these and any new partnerships formed as the company grows. This person would report to the VP of Accounting and primarily work with the property accounting and finance teams, while also engaging with senior management, investors, lenders, consultants and external service providers. This role will be integral in the continued growth of the company and be relied upon by management to drive investor satisfaction.


Principal Responsibilities

Include, but are not limited to, the following:

                     • Prepare annual consolidated GAAP financial statements and footnote disclosures.

    • • Prepare accurate and timely monthly general ledger joint venture and full company consolidated financial statements with all intercompany and investment eliminating entries identified and reconciled.
    • • Review intercompany cash movements and receivable/payable balances, ensuring that funds are used for designated purposes by appropriate investment entities.
    • • Coordinate the annual external audit, ensuring that all audit requests are prepared accurately and timely. Prepare the financial books and records, as well as any supporting schedules, prior to audit commencement, communicate issues to management as they arise and ensure the audits stay within the agreed upon budget.
    • • Coordinate the preparation of annual and quarterly tax returns with external preparers and provide them with necessary information in a timely manner.
    • • Stay abreast and advise management of the impact of emerging financial accounting and reporting requirements as well as changes in applicable tax regulations. Research and document positions related to technical accounting matters such as consolidation of variable interest entities, revenue recognition and leases.
    • • Prepare financial reports to investors and lenders to comply with partnership and loan reporting requirements.
    • • Monitor and report compliance with all financial covenants of partnership and loan agreements
    • • Maintain accurate partnership capital account and ensure distributions are accurate and in accordance with underlying operating agreements
    • • Review financial statements prepared by third party managers for accuracy and consistency with company accounting policies
    • • Oversee preparation of consolidated monthly management reporting dashboards for holding companies and joint ventures.
    • • Oversee preparation of annual tenant operating expense reimbursements (CAM, RET, INS, Utilities, etc) and work with tenants and property management to answer all questions.
    • • Oversee collections process.
    • • Lead creation of annual budgets (corporate and property) and updating of budget reforecasts.
    • • Work with other departments (Finance, Leasing, Construction, etc…) on special projects as needed.



                     • Bachelor’s Degree in Accounting or Finance, preferred

    • • CPA certification preferred
    • • Minimum 8-10 years of experience gained in a combination of Big 4 public accounting and/or commercial real estate company
    • • Experience being responsible for accounting and reporting for complex real estate partnership arrangements
    • • Experience in engaging with, documenting and discussing complex technical accounting issues with investors, external auditors and tax return preparers. Be able to identify and resolve technical accounting and tax issues in a timely manner.
    • • Highly proficient in Microsoft Excel
    • • Experience using Yardi, preferred
    • • Strong communication skills
    • • Problem solving skills
    • • Ability to work well independently and as part of a team
    • • Well organized with a high degree of accuracy and attention to detail

It is the policy of Weller Development to provide equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, sexual orientation, gender identity and/or expression, marital status, status with regard to public assistance, veteran status, or any other characteristic protected by federal, state or local law. Weller’s goal is to increase representation of women, people of color, veterans and individuals with disabilities. Weller Development also welcomes applications from returning citizens. Background checks are not conducted until the time of hire, and interactions with the criminal justice system are evaluated on a case-by-case basis are not necessarily disqualifying for employment.