GK Real Estate. is a privately held commercial real estate firm based in Barrington, Illinois. GK Real Estate acquires, develops, owns and operates a diversified portfolio of commercial and retail property across the United States, primarily value-added retail centers and other commercial real estate investments.
The Senior Vice President of Accounting and Finance will be a seasoned leader with at least 7-10 years of finance experience in commercial and real estate. The Controller will be responsible for accounting, finance, and reporting for GKRE’s real estate investments through various entities including real estate investment funds, JV’s and individual LLC’s.
Forecasting and Cash Management
Manage cash for funds and properties to ensure adequate capital is available to meet various needs.
Model cash flow forecasts at the property and fund level.
Develop multi-year business plan to assist management planning.
Oversee preparation of annual property and fund level budgets.
Understand capital requirements for projects and interface with internal real estate team.
Reporting, Communication and System Management
Hire and direct outside accounting firms to prepare audits and reviews of annual financial statements.
Manage preparation of quarterly and annual reports for Real Estate Funds.
Produce monthly financial reports.
Oversee fund and company financial statements.
Perform all required lender reporting for various properties.
Hands on management of the accounting department staff, including selection, training and development.
Responsible for all tax and financial accounting for the company, funds, properties and partners.
Maintain and manage members’ Partnership Accounts.
Source, implement and manage account system software.
Oversee annual tenant expense settlements to maximize recovery.
Maximize favorable tax treatments for income and capital transactions.
Manage tax structuring of deals for real estate transactions including 1031 exchanges and partnership swaps.
Monitor property tax assessments and file protests as needed.
Oversee accountants and property management in tenant CAM audits.
Compliance, Controls and Systems
Implement and manage control procedures for GAAP compliance.
Manage Partnership distributions and operating agreement requirements.
Manage company record storage and retention for compliance.
Monitor accounts receivable and collections.
Oversee property, casualty and liability insurance for properties and company.
Interpret, analyze, and recommend improvements to systems and financial performance.
Qualifications and Requirements:
Bachelor’s degree minimum, MBA preferred.
History of strong performance in structuring, negotiating and executing financial transactions.
7 to 10+ years prior financial experience in commercial and retail real estate.
Strong experience in REIT accounting, Regulation D private fund offerings and/or non-traded REIT’s.
Familiarity with FINRA and SEC compliance requirements as they relate to real estate fund investments and offerings.
Demonstrated track record of hands on financial management.
Thorough knowledge of accounting systems and software.
Excellent verbal and written communication skills.
Strong network of industry relationships.
Proven ability to develop and manage staff.
Meticulous attention to detail and accuracy.
Team oriented but able to work independently.
Proven leadership and management skills.
High level of integrity and dependability with a strong sense of urgency and results orientation.
Strong interpersonal skills, including the ability to communicate and manage well at all levels of the organization.
About GK Real Estate
GK Real Estate is a commercial real estate firm based in Barrington, Illinois. Guided by an experienced and tightly knit management team, GK Real Estate acquires, develops, owns and operates a diversified portfolio of commercial and retail property across the United States. GK Real Estate specializes in identifying the potential in smaller, niche markets that are in robust trade areas. To ensure the feasibility of target properties, we maintain strict underwriting standards for our acquisitions, focusing on those properties that are the dominant retail draw within their trade area.