Senior Property Accountant

BB Living Overview 

BB Living (“The Company”), founded in 2012, has been at the forefront of the rapidly growing single-family “build to rent” asset class since the beginning. The Company has grown from a niche investment driven by impacts of the Great Financial Crisis to a well-capitalized, highly attractive, stabilized business with a presence in the top markets and communities across the United States and a reputation as the leader in the “build to rent” asset class. 

After successfully identifying the market demand for new, three (3) and four (4) bedroom rental homes, BB Living built 1,000 homes in Metro Phoenix between 2012-2018. In late 2018 BB Living partnered with a public homebuilder to expand the “build to rent” strategy nationwide. Through this partnership, BB Living has established itself as the best-in-class “build to rent” developer and operator, the preferred rental home provider of top master planned communities and developers across the country, with a presence in the fastest growing and most desirable markets throughout the US.  

Leveraging our track record and vertically integrated team, The Company has elevated the quality of its portfolio relative to other single-family rental and “build to rent” operators.BB Living continues to grow, expanding its presence in new and existing markets through a robust acquisitions pipeline providing continued growth opportunities for The Company.  

Opportunity Summary

BB Living is seeking a Senior Property Accountant to join the accounting team of a rapidly growing company (“the Company”) in the single-family “Build to Rent” industry, based in Scottsdale, Arizona. The Company has a partnership between BB Living and a large private equity institution.  It is well capitalized and growing across multiple markets throughout the United States.

The ideal candidate has 3-4 years of accounting experience, preferably in the multi-family property management industry.  This role will be responsible for overseeing property management financial records and reports, performing variance analysis, managing the properties through the month-end close process, contributing to the budgeting process, and assisting with the annual audit.  To succeed as a property accountant with BB Living, you should be able to multi-task in a fast-paced, deadline driven environment, while paying high attention to detail.  The ideal candidate will have excellent communication, organizational, and analytical skills.  Candidates must be team players, self-starters, comfortable working in a collaborative environment and focused on contributing to the continuous improvement in accounting processes.

Responsibilities:

• Manage third party property management accountants through the month-end close process
• Review general ledger activity and ensure accurate property-level accounting
• Ensure compliance with GAAP and company accounting policies
• Monitor budget vs actual results and investigate any significant variances
• Give directives to property management accountants on needed adjustments
• Monthly recalculation of revenue and expense amortization and accruals to ensure accuracy
• Monthly expense deep-dive
• Review monthly reporting packages for 17 properties
• Work with property accountants to forecast cash and suggest monthly distributions
• Support annual audit for related properties
• Collaboration with investment management team on annual budgeting process
• Develop and document policies and procedures for corporate property accounting month end close process to work in tandem with property management month end close process
• Work with property management companies and asset management teams to on-board new properties
• Act as liaison between corporate accounting, corporate leadership, and property management

Requirements:

• Bachelor’s degree in accounting or finance or equivalent experience
• At least 3-4 years of experience in property accounting
• Experience with property management software such as Real Page or Yardi is highly desirable
• Advanced proficiency in Microsoft Office (Word, Excel) and AI tools
• Strong communication skills, both written and verbal
• Good problem-solving and time management skills
• Highly organized with great attention to detail
• Ability to collaborate and work in a team-oriented environment is imperative