Daniel Esterkin

Daniel Esterkin Email and Phone Number

Vice President of Finance & Operations at b7 Properties @ b7 Properties
Daniel Esterkin's Location
Greater Boston, United States
Daniel Esterkin's Contact Details

Daniel Esterkin work email

Daniel Esterkin personal email

n/a

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About Daniel Esterkin

Highly analytical with over a decade of experience in real estate accounting, finance, FP&A, management, and business operations. Proficient at budgeting/forecasting, financial statement analysis, reporting, identifying areas of opportunity, and problem-solving. Excellent communication skills. Additional experience with financial modeling, asset refinancing/repositioning, acquisitions/due diligence, distributions and long-term strategic planning. Many years of mentorship of accountants and training of managers, directors, and operations team members in all aspects of accounting and financial processes, policies, and procedures. Recipient of 2019 Howard Cohen Innovation Award at Beacon Communities.

Daniel Esterkin's Current Company Details
b7 Properties

B7 Properties

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Vice President of Finance & Operations at b7 Properties
Daniel Esterkin Work Experience Details
  • B7 Properties
    Vice President Of Finance & Operations
    B7 Properties Sep 2022 - Present
    • Lead the investment vehicle for multi-family real estate investments across all markets.• Manage a portfolio consisting of 900 plus residential apartments with a $195M market value, owned and asset managed on behalf of private investors and family offices.• Responsible for all accounting, bookkeeping, AP/AR, collections, investor reporting and correspondence, tax oversight, and implementation of property and investor management software and systems.• Create and maintain Excel-based financial models for property valuations.• Cultivate relationships with investment partners, lenders, appraisers, brokers, legal counsel, and accountants.• Manage tenants, contracts, vendors, brokers, lawyers, and lenders.• Underwrite investment opportunities, create financial models, and conduct due diligence on potential opportunities.• Create financial scenarios for holding, refinancing, and selling properties and their respective impact on the business and investor returns.• Drive operational, financial, and business decisions in line with the goals and principles of the company.• Create and implement necessary processes and procedures for the organization, looking to maximize efficiencies.• Lead day-to-day accounting operations.
  • Beacon Communities Llc
    Financial Manager
    Beacon Communities Llc Apr 2020 - Aug 2022
    • Oversee the process of preparing annual reforecasts and annual operating and capital budgets for each asset, in accordance with investor, lender, and other regulatory requirements and deadlines. Provide guidance to team in all aspects, including residential and commercial rental income, operating expenses, and capital expenditures. • Analyze financial reports to assess the performance of the asset and the portfolio.• Understand each asset, identify problem areas, and present solutions to maximize net operating income and cash flow. • Understand the capital structure of each property and be familiar with partnership, loan, and regulatory agreements, ensuring compliance with all covenants of property financings and fund documents.• Maintain and update financial models for the purpose of asset valuation.• Oversee quarterly, semi-annual, and annual distributions in accordance with governing agreements.• Proactively monitor business plan execution to anticipate developing issues and manage financial exposure. Communicate issues, problems, or findings to senior management staff.• Act as a connectivity layer across management, development, finance, operations, and accounting departments. Create value by connecting various initiatives and functions. • Work with development and acquisitions team to prepare operating cash flow assumptions for underwriting proforma.• Prepare reports and distribute to investors, owners and others following review by the CFO.• Project cash flow and net operating income by analyzing operating data and annual budgets.• Lead monthly financial statement review and property performance meetings• Monitor key financial benchmarks. Identify value-add opportunities throughout the portfolio. • Oversee replacement reserve submission to lenders and agencies.• Assist in due diligence, market analysis, and creative problem solving.• Participate in the long term, strategic planning of assets
  • Beacon Communities Llc
    Accounting Supervisor
    Beacon Communities Llc Jul 2019 - Apr 2020
    Boston
  • Beacon Communities Llc
    Senior Property Accountant
    Beacon Communities Llc Apr 2015 - Jul 2019
    • Effectively manage and maintain portfolio of five diverse, extremely complicated properties • Supervise a team of three property and staff accountants with their own property portfolios• Conduct performance reviews for employees on my team to support ongoing professional development• Review and verify accuracy of monthly closes, external reporting, and year-end audit packages for accountants under my portfolio• Prepare waterfall calculations for distributions to owners and investors for all properties under my team portfolio • Participate in many aspects of budget preparation and review process for entire portfolio, including working with Asset Management team to streamline and simplify budget process• Conduct interviews for all new hires as part of the hiring committee• Lead accounting and financial trainings for all accountants, upper management, managerial site staff, and new hires on a regular basis.• Work with two team members to automate and streamline many time-consuming processes, using macros and power queries saving entire department countless hours• Assist in implementation of new policies and procedures, including new accounts payable software• Supervise takeovers, sales, and refinancing transactions• Organize and upload financial information into Yardi for newly acquired properties• Assist in compiling comprehensive training manual for property managers and property accountants• Work with IT and Leasing teams to set up and test commercial module in Yardi• Work with members of other departments to address issues, brainstorm solutions, and implement changes• Serve on multiple company-wide committees aimed on improving efficiency and internal policies• Prepare requisitions to draw down construction loan and equity funds on a monthly basis for properties in their development stage• Assist with preparation of Settlement Statements and Flow of Funds for sales of properties and refinancing transactions
  • Beacon Communities Llc
    Property Accountant
    Beacon Communities Llc May 2013 - May 2015
    Boston, Ma
    • Perform monthly close for six to eight properties ranging in size and complexion, including reconciliation of rental revenue, accruals, true-ups, and general ledger review/analysis• Generate on-line packages for annual audits, including reconciliation and analysis of every balance sheet account, adhering to strict external tax and financial deadlines• Prepare periodic reporting to government agencies, financial institutions and investors• Maintain books and electronic records for projects, in accordance with internal and external reporting requirements• Perform audits and analyses required by the Controller with minimum oversight• Monitor and assist site bookkeepers with their job performance responsibilities
  • Beacon Communities Llc
    Accounting Intern
    Beacon Communities Llc Jul 2012 - May 2013
    Boston, Ma
    • Complete bank reconciliations for operating, escrow, corporate, and development bank accounts• Process NSF checks, enter journal entries, complete vacancy loss calculations• Assist accountant with end-of-month closing procedures• Assist co-workers with everyday administrative tasks

Daniel Esterkin Skills

Accounting Finance Property Management Microsoft Office Journal Entries Accruals Bank Reconciliation Microsoft Excel Operating Budgets Account Reconciliation Financial Statements Financial Reporting Gaap Financial Analysis Yardi Hud Audits Fixed Assets Yardi Voyager Rent Roll Security Deposits Auditing Real Estate Budgeting Leadership Forecasting General Ledger Training Analytical Skills Financial Variance Analysis Variance Analysis Cash Flow Intercompany Accounts Intercompany Transactions Accounts Payable Accounts Receivable Business Process Improvement Cross Functional Team Leadership Balance Sheet Russian U.s. Department Of Housing And Urban Development External Audit Budgeting And Forecasting

Daniel Esterkin Education Details

Frequently Asked Questions about Daniel Esterkin

What company does Daniel Esterkin work for?

Daniel Esterkin works for B7 Properties

What is Daniel Esterkin's role at the current company?

Daniel Esterkin's current role is Vice President of Finance & Operations at b7 Properties.

What is Daniel Esterkin's email address?

Daniel Esterkin's email address is de****@****llc.com

What is Daniel Esterkin's direct phone number?

Daniel Esterkin's direct phone number is +161745*****

What schools did Daniel Esterkin attend?

Daniel Esterkin attended Isenberg School Of Management, Umass Amherst, Bentley University.

What are some of Daniel Esterkin's interests?

Daniel Esterkin has interest in Cooking, Consulting, Live Music, Finance, Sports, Business, Stock Market, Property Management.

What skills is Daniel Esterkin known for?

Daniel Esterkin has skills like Accounting, Finance, Property Management, Microsoft Office, Journal Entries, Accruals, Bank Reconciliation, Microsoft Excel, Operating Budgets, Account Reconciliation, Financial Statements, Financial Reporting.

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