Director, Property Accounting
MCB Real Estate LLC, Baltimore, MD, United States
MCB Real Estate ("MCB") is a privately held, fully integrated national real estate development and investment company based in Baltimore, MD. As a vertically integrated company with internal development, construction, and commercial property management divisions, MCB is involved in all facets of the real estate investment cycle. MCB manages approximately $4bn of real estate assets on behalf of its primarily institutional investment base.
MCB believes in merit-based employment decisions that provide equal access to all employees and applicants, including ensuring that this access prohibits unlawful discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.
Additionally, we are committed to fostering, cultivating, and preserving a workplace culture that respects each individual employee’s contribution to our workplace. We embrace and encourage our employees’ differences in age, color, disability, ethnicity, family or marital status, gender identity or expression, language, national origin, physical and mental ability, political affiliation, race, religion, sexual orientation, socio-economic status, veteran status, and other characteristics that make our employees unique.
This employment practice of ensuring equal access applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, layoff, termination, recall, transfer, leaves of absence, compensation and training.
JOB SUMMARY – the following overview of responsibilities is not an all‑inclusive list of job responsibilities and other job‑related duties may be added or changed at any time by MCB to support business needs.
The Director, Property Accounting is a senior leadership role responsible for overseeing all property‑level accounting operations across a national commercial real estate portfolio, while driving the strategic evolution of the function. This role extends beyond traditional accounting oversight.
The Director will lead organizational design, process transformation, and the integration of property accounting into a high‑performing property management platform. The position requires a leader who can build scalable systems, enhance reporting integrity, and modernize workflows through thoughtful use of offshoring, automation, and emerging technologies.
The Director will directly oversee Controllers and Assistant Controllers and serve as the primary accounting partner to Property Management and Asset Management leadership. This individual must be equally comfortable operating at a strategic level and engaging in the details that ensure accuracy, consistency, and accountability.
JOB ESSENTIAL RESPONSIBILITIES Leadership & Organizational Oversight
Lead, develop, and manage the Property Accounting team, including Controllers and Assistant Controllers, across a multi‑state commercial real estate portfolio
Establish clear organizational structure, roles, and accountability across the accounting function
Make and execute personnel decisions to ensure the team is aligned with performance expectations and future‑state needs
Foster a culture of ownership, responsiveness, and continuous improvement
Establish performance standards and accountability metrics across the team, and actively develop managers to improve execution, consistency, and quality of work product
Strategic Transformation & Process Design Lead the redesign of property accounting processes to improve efficiency, scalability, and consistency across portfolios
Identify and implement opportunities for operational improvement, including standardization of workflows, reporting, and controls
Partner with Property Management leadership to align accounting processes with operational realities and service delivery expectations
Develop and implement scalable procedures to support portfolio growth, acquisitions, and third‑party management expansion
Lead accounting integration for acquisitions, including establishment of opening balance sheets, onboarding of new properties, initial budget coordination, and system setup to ensure a seamless transition into the portfolio
Oversee accounting processes for property dispositions, including review of closing statements, reconciliations, prorations, and coordination of financial wind‑down activities
Develop, implement and track key performance indicators (KPIs) for the Property Accounting function, including close timelines, reporting accuracy, accounts payable aging, and overall process efficiency
Systems, Automation & Innovation
Evaluate and implement technology solutions to enhance accounting operations, including automation tools, workflow optimization and AI‑driven processes
Lead initiatives related to offshoring and centralized service models, including defining scope, processes and performance standards
Ensure optimal utilization of MRI and other accounting systems; drive improvements in data integrity and reporting capabilities
Stay ahead of industry trends and proactively introduce innovations that improve efficiency and decision‑making
Financial Oversight & Reporting
Oversee the preparation and review of monthly, quarterly and annual financial statements for property‑level reporting
Ensure accuracy and integrity of P&L statements, balance sheets and supporting schedules
Establish and enforce standards for timely and accurate monthly close processes across all portfolios
Partner with executive leadership to deliver clear, actionable financial reporting and insights
Design, implement and enforce standardized financial reporting processes to ensure the timely delivery, accuracy and consistency of all property‑level financial reports; establish clear expectations and accountability across the team and actively train managers and staff on best practices to elevate overall reporting quality
Ensure timely completion of property‑level audits and tax schedules, including coordination with external auditors and tax advisors, resolution of audit findings and accurate recording of all related journal entries
Coordinate with Asset Management to oversee lender reporting requirements, including preparation and review of monthly and quarterly reporting packages, covenant compliance tracking and timely submissions
Cash Management & Controls
Oversee all property‑level cash management functions, including bank reconciliations, disbursements and cash controls in conjunction with corporate Finance & Accounting and Treasury teams
Ensure appropriate internal controls, compliance with GAAP and adherence to company policies and procedures
Coordinate with corporate accounting and finance teams to ensure consistency and alignment across the organization
Oversee the accounts payable function and supporting team, ensuring invoices are processed accurately and on a timely basis through established workflows (including AvidXchange); establish clear controls, enforce accountability and drive process improvements to eliminate bottlenecks and ensure alignment with Property Management approvals
Oversee property‑level tax obligations, including accurate accruals, monitoring of payment deadlines and coordination to ensure timely and compliant tax payments across all jurisdictions
Budgeting, Forecasting & Business Partnership
Partner closely with Property Management leadership (Regional Directors), Asset Management and Lease Administration to ensure alignment between accounting, operations and lease administration functions
Provide financial insight to support operational decision‑making and asset‑level strategy
Act as a key liaison between accounting, operations and leadership to ensure alignment and clarity
Provide oversight of annual CAM and operating expense reconciliations performed by Lease Administration, working in close coordination with Property Managers to ensure accuracy, timeliness and consistency across the portfolio
KNOWLEDGE, EXPERIENCE, SKILLS/ABILITIES
Bachelor’s degree in Accounting, Finance or related field required; CPA strongly preferred
Minimum 12+ years of progressive accounting experience, with significant experience in commercial real estate property accounting
Prior experience leading teams and managing managers (Controller‑level oversight required)
Deep expertise in GAAP and property‑level accounting for commercial real estate assets
Advanced proficiency in MRI or similar real estate accounting platforms
Demonstrated experience leading process improvement, organizational change or system implementations
Experience with offshoring, shared services models or automation initiatives strongly preferred
CORE COMPETENCIES
Leadership & Accountability: Sets clear expectations, makes difficult decisions and holds teams to high standards
Strategic Thinking: Ability to design systems and processes that scale with the business
Operational Rigor: Strong attention to detail with a commitment to accuracy and consistency
Change Management: Proven ability to lead teams through transformation and process evolution
Collaboration: Effective partner to Property Management, Asset Management and Executive Leadership
Execution: Balances strategic priorities with hands‑on oversight of critical deliverables
PHYSICAL REQUIREMENTS This position is primarily based in a corporate office environment with standard office conditions. The role requires the ability to manage multiple priorities, meet deadlines and operate effectively in a fast‑paced, evolving organization.
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MCB believes in merit-based employment decisions that provide equal access to all employees and applicants, including ensuring that this access prohibits unlawful discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.
Additionally, we are committed to fostering, cultivating, and preserving a workplace culture that respects each individual employee’s contribution to our workplace. We embrace and encourage our employees’ differences in age, color, disability, ethnicity, family or marital status, gender identity or expression, language, national origin, physical and mental ability, political affiliation, race, religion, sexual orientation, socio-economic status, veteran status, and other characteristics that make our employees unique.
This employment practice of ensuring equal access applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, layoff, termination, recall, transfer, leaves of absence, compensation and training.
JOB SUMMARY – the following overview of responsibilities is not an all‑inclusive list of job responsibilities and other job‑related duties may be added or changed at any time by MCB to support business needs.
The Director, Property Accounting is a senior leadership role responsible for overseeing all property‑level accounting operations across a national commercial real estate portfolio, while driving the strategic evolution of the function. This role extends beyond traditional accounting oversight.
The Director will lead organizational design, process transformation, and the integration of property accounting into a high‑performing property management platform. The position requires a leader who can build scalable systems, enhance reporting integrity, and modernize workflows through thoughtful use of offshoring, automation, and emerging technologies.
The Director will directly oversee Controllers and Assistant Controllers and serve as the primary accounting partner to Property Management and Asset Management leadership. This individual must be equally comfortable operating at a strategic level and engaging in the details that ensure accuracy, consistency, and accountability.
JOB ESSENTIAL RESPONSIBILITIES Leadership & Organizational Oversight
Lead, develop, and manage the Property Accounting team, including Controllers and Assistant Controllers, across a multi‑state commercial real estate portfolio
Establish clear organizational structure, roles, and accountability across the accounting function
Make and execute personnel decisions to ensure the team is aligned with performance expectations and future‑state needs
Foster a culture of ownership, responsiveness, and continuous improvement
Establish performance standards and accountability metrics across the team, and actively develop managers to improve execution, consistency, and quality of work product
Strategic Transformation & Process Design Lead the redesign of property accounting processes to improve efficiency, scalability, and consistency across portfolios
Identify and implement opportunities for operational improvement, including standardization of workflows, reporting, and controls
Partner with Property Management leadership to align accounting processes with operational realities and service delivery expectations
Develop and implement scalable procedures to support portfolio growth, acquisitions, and third‑party management expansion
Lead accounting integration for acquisitions, including establishment of opening balance sheets, onboarding of new properties, initial budget coordination, and system setup to ensure a seamless transition into the portfolio
Oversee accounting processes for property dispositions, including review of closing statements, reconciliations, prorations, and coordination of financial wind‑down activities
Develop, implement and track key performance indicators (KPIs) for the Property Accounting function, including close timelines, reporting accuracy, accounts payable aging, and overall process efficiency
Systems, Automation & Innovation
Evaluate and implement technology solutions to enhance accounting operations, including automation tools, workflow optimization and AI‑driven processes
Lead initiatives related to offshoring and centralized service models, including defining scope, processes and performance standards
Ensure optimal utilization of MRI and other accounting systems; drive improvements in data integrity and reporting capabilities
Stay ahead of industry trends and proactively introduce innovations that improve efficiency and decision‑making
Financial Oversight & Reporting
Oversee the preparation and review of monthly, quarterly and annual financial statements for property‑level reporting
Ensure accuracy and integrity of P&L statements, balance sheets and supporting schedules
Establish and enforce standards for timely and accurate monthly close processes across all portfolios
Partner with executive leadership to deliver clear, actionable financial reporting and insights
Design, implement and enforce standardized financial reporting processes to ensure the timely delivery, accuracy and consistency of all property‑level financial reports; establish clear expectations and accountability across the team and actively train managers and staff on best practices to elevate overall reporting quality
Ensure timely completion of property‑level audits and tax schedules, including coordination with external auditors and tax advisors, resolution of audit findings and accurate recording of all related journal entries
Coordinate with Asset Management to oversee lender reporting requirements, including preparation and review of monthly and quarterly reporting packages, covenant compliance tracking and timely submissions
Cash Management & Controls
Oversee all property‑level cash management functions, including bank reconciliations, disbursements and cash controls in conjunction with corporate Finance & Accounting and Treasury teams
Ensure appropriate internal controls, compliance with GAAP and adherence to company policies and procedures
Coordinate with corporate accounting and finance teams to ensure consistency and alignment across the organization
Oversee the accounts payable function and supporting team, ensuring invoices are processed accurately and on a timely basis through established workflows (including AvidXchange); establish clear controls, enforce accountability and drive process improvements to eliminate bottlenecks and ensure alignment with Property Management approvals
Oversee property‑level tax obligations, including accurate accruals, monitoring of payment deadlines and coordination to ensure timely and compliant tax payments across all jurisdictions
Budgeting, Forecasting & Business Partnership
Partner closely with Property Management leadership (Regional Directors), Asset Management and Lease Administration to ensure alignment between accounting, operations and lease administration functions
Provide financial insight to support operational decision‑making and asset‑level strategy
Act as a key liaison between accounting, operations and leadership to ensure alignment and clarity
Provide oversight of annual CAM and operating expense reconciliations performed by Lease Administration, working in close coordination with Property Managers to ensure accuracy, timeliness and consistency across the portfolio
KNOWLEDGE, EXPERIENCE, SKILLS/ABILITIES
Bachelor’s degree in Accounting, Finance or related field required; CPA strongly preferred
Minimum 12+ years of progressive accounting experience, with significant experience in commercial real estate property accounting
Prior experience leading teams and managing managers (Controller‑level oversight required)
Deep expertise in GAAP and property‑level accounting for commercial real estate assets
Advanced proficiency in MRI or similar real estate accounting platforms
Demonstrated experience leading process improvement, organizational change or system implementations
Experience with offshoring, shared services models or automation initiatives strongly preferred
CORE COMPETENCIES
Leadership & Accountability: Sets clear expectations, makes difficult decisions and holds teams to high standards
Strategic Thinking: Ability to design systems and processes that scale with the business
Operational Rigor: Strong attention to detail with a commitment to accuracy and consistency
Change Management: Proven ability to lead teams through transformation and process evolution
Collaboration: Effective partner to Property Management, Asset Management and Executive Leadership
Execution: Balances strategic priorities with hands‑on oversight of critical deliverables
PHYSICAL REQUIREMENTS This position is primarily based in a corporate office environment with standard office conditions. The role requires the ability to manage multiple priorities, meet deadlines and operate effectively in a fast‑paced, evolving organization.
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