BXP Jobs (1)

Job Description

Primary Purpose of Position :

Analyze speculative income budgets, operating expense budgets, capital expense budgets and marketing leasing assumptions on a quarterly basis to create cash flow projections for all properties in the Company’s portfolio.

Analyze and interpret cash flow projections to ensure they are appropriate to serve as the basis for the quarterly Earnings Model and long term financial modeling.

Essential Functions :

• Create and maintain Cash Flows for the Company’s Office, Retail and Residential portfolio.
• Analyze and interpret leases and lease changes and incorporate information into the Argus Enterprise projection models.
• Ensure Cash Flows modeled correctly on both a CASH and GAAP basis in accordance with Company revenue recognition rules.
• Perform analysis required to reforecast and reconcile expense budgets on a quarterly basis.
• Update and reconcile monthly operating and real estate escalation payments quarterly.
• Research and identify all other miscellaneous revenue on an annual and quarterly basis.
• Reconcile quarterly model variances from the current version of the model to the previous quarter’s model.
• Support accountants in reconciling budget versus actual variances on a quarterly basis.
• Analyze and evaluate speculative income assumptions for those leases that expire during the next 12 to 24 months.
• Analyze and evaluate VTS leasing updates to ensure Argus Enterprise cash flows modeled appropriately.
• Maintain Company potential list and guidance models.
• Review future leasing and general marketing assumptions as modeled in Argus Enterprise with regional leasing departments.
• Maintain and reconcile Asset Manager based on Argus Enterprise data.
• Assist with the design, production and maintenance of department specialized reports through Asset Manager and Crystal Reports.
• Provide training and support regarding Boston Properties’ proprietary web budgeting applications.
• Special projects and other duties as assigned.

Requirements and Qualifications :

• BS / BA degree required; Accounting or Finance degree is preferred.
• 0 to 3 years of related work experience in financial analysis with knowledge of the commercial real estate industry preferred.
• Proficiency in Crystal Enterprise or comparable report-writing software desirable.
• Knowledge of Microsoft Office Applications.
• Attention to detail.
• Ability to meet deadlines.
• Knowledge of Argus Enterprise software preferred.
• Knowledge of JD Edwards and its reporting capabilities preferred.
• Willingness to learn, demonstrate, and apply better methods of projecting cash flows.
• Knowledge of Lease documents preferred.

Physical Requirements :

• Involves work of a general office nature usually performed sitting such as operation of a computer.
• Involves work of a general office nature usually performed standing such as operation of a fax and printer.
• Involves movement between departments to facilitate workflow.

Internal and External Contacts :

This position interacts regularly with various BXP employees in different levels of the Company.

Reporting Structure :

• This position reports to the VP, Budgeting & Planning who provides supervision, guidance and evaluation of work performance on a periodic basis.