Job Description
The Office of Real Estate at a Higher Education client supports both the University and Health System and is generally responsible for managing "off-campus" assets, third-party leasing, and all strategic real estate endeavors including acquisitions, dispositions, and transactional real estate functions. We are seeking a Finance Manager, Real Estate Office who will oversees the strategic and operational financial accounting and management activities of the Office of Real Estate, and works closely with the offices of General Accounting, Treasury, and the Office of Budgets and Planning. The Real Estate Finance Manager supports the Chief Real Estate Officer and team, inclusive of Leasing, Asset Management and the Real Estate Development functions.
Real Estate manages direct budgets of about $90M to $110M annually, excluding the cost of third-party leases (even though we administer the leases). In addition, this leader will oversee the Real Estate Tax Management function for the entire enterprise (university and health system). The Real Estate Finance Manager reports directly to the Chief Real Estate Officer with a dotted line reporting to the Sr. Director of Finance and Administration for the overall office of Johns Hopkins Facility and Real Estate to ensure single point financial responsibility.
* Work closely with Asset Management and Development functions to prepare and update quarterly, annual, and long-term financial forecasts and reconciliations for assigned real estate entities and assets. Work with CREO, Real Estate team and other offices to prepare 10-year strategic budgets.
* Participate in annual interdepartmental budgeting and financial review process for assigned real estate entities.
* Project and reconcile P&L and debt balances with General Accounting and Treasury Offices.
* Manage the accounting function, including payment processing in JH accounting system (SAP), rent collections, administration and salary expenses.
* Prepare financial analysis including IRR and ROE and proformas for various strategic real estate transactions as basis for management lease/purchase/debt management/funding decisions.
* Approve AP transactions and Journal entries in SAP for real estate managed properties. For properties under Financial Manager purview, provide tax department with financial data for corporate tax and personal property tax returns
Required Skills & Experience
* Bachelor's Degree in Finance, Accounting, or Business.
* 5 years related financial/ accounting and financial management experience, including experience with real estate transactions, commercial real estate ending, or bond financing of real estate assets.
Nice to Have Skills & Experience
* Master's of Business Administration.
* Ten years of progressively responsible related financial management experience.
* Previous management experience.
* Administrative and financial management experience in a university setting.
Benefit packages for this role will start on the 1st day of employment and include medical, dental, and vision insurance, as well as HSA, FSA, and DCFSA account options, and 401k retirement account access with employer matching. Employees in this role are also entitled to paid sick leave and/or other paid time off as provided by applicable law.