Vice President

Genpact (NYSE: G) is a global professional services and solutions firm delivering outcomes that shape the future. Our 125,000+ people across 30+ countries are driven by our innate curiosity, entrepreneurial agility, and desire to create lasting value for clients. Powered by our purpose – the relentless pursuit of a world that works better for people – we serve and transform leading enterprises, including the Fortune Global 500, with our deep business and industry knowledge, digital operations services, and expertise in data, technology, and AI.

Inviting applications for the role of Vice President, Property Accounting

In this role, you will be responsible for supervising and reviewing the work of team members, conducting general and property accounting operations. The responsibilities primarily include executing accurate and timely month-end close process and procedures in accordance with GAAP, reviewing the monthly financial reporting and perform detailed analysis of all the accounts in the General Ledger. The Senior manager should possess a thorough knowledge of Accounting Principles and practices, knowledge of Property Accounting , and ensure accurate, effective, and efficient processes as per established internal controls.

You must also be willing to work in flexible and varying shifts throughout the year. As a part of the team, you must react proactively, positively, patiently, and effectively to seeking clarifications, and have a customer centric approach to problem solving.

Responsibilities

• This role will be responsible for successful transition of the process and responsible for transition, governance, People leadership.

• Function as Subject Matter Specialist for the Property Accounting process, complete know how and understanding of the value chain.

• The role will require driving growth and ensuring strong engagement, stable operations, talent development, retention, and continuous improvements.

• Require leading teams, manage the overall performance, and foster positive work environment.

Undertake specific solutioning assignments in Operations to drive growth.

Conceptualize and architect scalable solutions in the domain as part of broader banking industry convergence

Provide thought leadership and diligent execution on diverse projects (consulting, assessment, analytics projects)

Be responsible for profitable project execution in partnership with delivery team and develop expertise in the offering areas

Develop digital and technology enabled solutions to transform efficient operations e.g. case management, RPA solutions

Evangelize the solution and work along with the delivery teams to implement and strengthen the value proposition

Identify and evaluate companies with leading / new solutions to develop partnerships for joint use cases. Keep a pulse on market, client needs and competitor solutions for the same

Identify performance bottlenecks in the process and recommend technology led interventions that can be introduced

Build technical design and functional documentation for incumbent solutions built as needed

Other Responsibilities

• Financial Planning and Strategy: Collaborate with senior management on financial planning, strategic initiatives, and real estate investment strategies. Provide financial analysis, projections, and recommendations to support decision-making and achieve financial goals.

• Maintain attrition at the lowest level as per corporate target and proactively plan & execute people movement during high volume or attrition.

• Coach & mentor Senior Manager/ Manager and help them on their career pathing to succeed well in their roles.

Ensure team is trained on all corporate/process and skill-based trainings and knowledge retention and improvement in the team.

• Develop and run metrics that measure the activities performed by R2R and present them in a synthesized way.

• Ensure process controls are appropriately established, communicated to employees and timely audited.

• Collaborate with members of Finance, all client departments and other third parties to continuously surface and diagnose inefficiencies to drive forward the design and implementation of process improvements and documentation.

• Identify improvement opportunities using Benchmarking data, provide demonstrate to Managers in designing and implementing process improvements and efficiencies along with executing on results required.

• Review the SOP Documentation and content creation/improvement.

Property Accounting

• Thorough understanding of Financial Reporting, financial statements, including income statements, balance sheets, and cash flow statements, for individual properties or property portfolios. Ensure accuracy, compliance with accounting standards (e.g., GAAP, Cash, Accrual, GAAP etc.) and timely delivery of financial reports.

• Interacting with client stakeholders within and outside client organization to support reporting and decision-making related activities at property level.

• Understanding of the entire Property Management Process E2E requirements, if required can support the operational activities as listed below to drive operational efficiency and continuous improvement.

• Capital Expenditure (CapEx) Management: Capital expenditures for property improvements, renovations, and major repairs. Ensure Capex budgets are tracked against actuals and ensure proper accounting treatment of Capex items.

• Property Tax Compliance: Property tax assessments, payments, abatements, and compliance with tax regulations are done as per the due date.

• Funds reinvestment: Treasury Bills, Certificates of deposits etc. so funds can be appropriately re-invested on time.

• Expense Management: Property operating expenses, including utilities, maintenance, repairs, insurance, taxes, and other costs. Ensure accurate coding, allocation, and recording of expenses to the appropriate property accounts.

• Bank reconciliation of operating and non-operating account for all the properties and clearance of open items.

•Annual budgets, forecasts, and financial plans for properties. Review actual performance against budgeted figures, analyze variances, and provide insights for cost management and revenue optimization.

• Audit and Compliance: Documentation and support for internal audits, external audits, and financial compliance reviews. Ensure adherence to accounting policies, internal controls, regulatory requirements, and industry standards.

• Ad-Hoc Analysis and Projects Reporting to stakeholders.

• Rent and Lease Management Understanding: Rent rolls, lease agreements, and tenant accounts receivable/payable. Calculate and process rent payments, track lease terms and expirations, handle lease renewals, adjustments, and escalations, and reconcile tenant accounts.

• Ensure accurate and timely reporting of financial data to stakeholders meeting the accuracy and TAT commitments.

Qualifications we seek in you

Minimum Qualifications / Skills

• Relevant Accounting Experience- B. Com, M. Com, MBA, CA, CP

• Relevant years of overall experience in Property Accounting – FP&A and Core

Property Accounting) related processes and have prior experience of working

with real estate client.

• CPA or CPA Candidate preferred.

• Excellent written & verbal communication, Interpersonal, Analytical Skills &

highly initiative taking in approach.

• Understanding of Yardi, JD Edwards, MRI will be a preference.

• Detailed oriented with a drive for excellence

• Ability to work independently and collaboratively.

• Able to meet tight deadlines.

• Strong Knowledge of US GAAP and property Accounting Principles for US

markets.

• Excellent analytical, organization and critical thinking skills.

• Thorough knowledge of Real Estate industry and property accounting, Month

Close & Period End Accounting and Budgeting

• Proficient in MS Office applications, especially in Advanced MS-excel knowledge.

Preferred Qualifications/ Skills

• Should have managed the Property Accounting processes for real estate clients in his prior role at managerial positions.

• Prominent level of professionalism and a service attitude.

• Experience in team handling of minimum 200+ employees.

• Establish & Manage client relationship through regular engagement with the client.

• Pro-actively identify the issues or client needs and act.

• High customer service oriented

• Working for the US Client.

• Evening Shift: 5:30PM -2:30AM IST

Genpact is an Equal Opportunity Employer and considers applicants for all positions without regard to race, color, religion or belief, sex, age, national origin, citizenship status, marital status, military/veteran status, genetic information, sexual orientation, gender identity, physical or mental disability or any other characteristic protected by applicable laws. Genpact is committed to creating a dynamic work environment that values diversity and inclusion, respect and integrity, customer focus, and innovation. Get to know us at genpact.com and on LinkedIn, X, YouTube, and Facebook.

Furthermore, please do note that Genpact does not charge fees to process job applications and applicants are not required to pay to participate in our hiring process in any other way. Examples of such scams include purchasing a 'starter kit,' paying to apply, or purchasing equipment or training.