Kimberly Karas

Kimberly Karas Email and Phone Number

SVP, Chief Accounting Officer and Treasurer @ Highlands REIT Inc
Chicago, IL, US
Kimberly Karas's Location
Greater Chicago Area, United States, United States
Kimberly Karas's Contact Details

Kimberly Karas personal email

n/a

Kimberly Karas phone numbers

About Kimberly Karas

Experienced Accounting and Finance Professional with a demonstrated history of working in the real estate industry. Established track record of increasing responsibilities and accomplishments in accounting and financial reporting. Public and private company experience. Expert in implementing technology systems that substantially enhance accounting operations, add value to asset management and foster cross department collaboration. Consistently meets or exceeds corporate objectives.

Kimberly Karas's Current Company Details
Highlands REIT Inc

Highlands Reit Inc

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SVP, Chief Accounting Officer and Treasurer
Chicago, IL, US
Kimberly Karas Work Experience Details
  • Highlands Reit Inc
    Svp, Chief Accounting Officer And Treasurer
    Highlands Reit Inc
    Chicago, Il, Us
  • Highlands Reit Inc
    Svp, Chief Accounting Officer & Treasurer
    Highlands Reit Inc Jul 2019 - Present
  • Gateway Industrial Properties
    Vp Finance
    Gateway Industrial Properties Jun 2018 - Jun 2019
    Responsible for overall finance function for privately held industrial real estate company. Report directly to Chief Financial Officer and manage team of four. Direct working relationship with Blackstone asset management team.• Responsible for budget and semi-annual forecast process for portfolio consisting of 95 million square feet with $500 million of NOI.• Oversight of the financial integration and system onboarding of 11 newly acquired portfolios, totaling 23 million square feet.• Review of monthly/quarterly cash flow distributions prepared by Treasury team.• Preparation and review of quarterly presentations for Blackstone board meetings, monthly operating reports for executive and asset management teams and ad hoc reports and analytics.• Assist with due diligence for disposition and financing activities.• Led team in creating new operational tools to report KPI’s, including monthly retention and releasing spread analysis, financial control file and portfolio detail reports.
  • Irc Retail Centers
    Vice President & Controller
    Irc Retail Centers Mar 2016 - Jun 2018
    Oak Brook, Illinois, Us
    Responsible for the financial policies, procedures, planning and reporting of privately held commercial real estate company. Report to Chief Financial Officer and Chief Accounting Officer, lead Corporate Accounting and Financial Planning and Reporting Departments and manage team of 13. • Responsible for all accounting, financial analysis and reporting, including consolidated financial statements, budgets, quarterly financial reports and monthly management reports. • Establish and oversee internal controls for financial reporting; review and modify as necessary.• Handle annual audits and direct accounting personnel responsible for corporate tax matters.• Integral in implementation of Argus Enterprise platform, streamlining budgeting and forecasting as well as enhancing property valuation and analysis.• Played active role in due diligence for merger of Inland Real Estate Corporation and funds managed by DRA Advisors LLC (completed Spring 2016).• Collaborate and communicate effectively with multiple departments as well as executive management, business owners, auditors and attorneys.• Member of company’s management committee, responsible for directing company’s business objectives and fostering collaboration and efficiency between departments, in order to maximize cash flows and increase value and return on investment.
  • Inland Real Estate Corporation
    Vice President & Controller
    Inland Real Estate Corporation Oct 2000 - Mar 2016
    Managed accounting and financial reporting of shopping center REIT with $3.1 billion in real estate assets and total revenues of $370 million as of Dec. 31, 2015. Reported to Chief Financial Officer. Role and responsibilities increased as company grew from small non-traded REIT to publicly traded company to largest Midwest shopping center REIT.Controller 2008 - 2012Assistant Controller 2005 - 2008Accounting Manager 2003 - 2005Accountant 2000 - 2003• Established and maintained organization’s accounting policies, procedures and practices.• Responsible for public company reporting; drafted and filed with SEC Forms 10-Q, 10-K, 8-K, Annual Proxy Statements and other documents. Upgraded filing process to Wdesk platform which significantly improved productivity.• Presented financial condition and results to audit committee and board of directors quarterly.• Routinely provided input on investor communications including quarterly earnings releases, supplemental information packages and company presentations.• Maintained compliance with Sarbanes Oxley, U.S. GAAP, SEC, NYSE and PCAOB accounting and reporting standards.• Handled due diligence for equity raises and debt offerings.• Participated in executing more than $1 billion in financing.• Managed accounting personnel responsible for corporate tax matters including reviewing prepared tax returns, responding to notices, calculating estimated tax payments, plus tax provisions for taxable REIT subsidiaries, annual E&P estimates and more. • Managed annual audit and quarterly reviews for REIT and joint ventures, including preparation of financial statements, MD&A, comments and footnotes. • Provided relevant financial information to management team for major transactions. • Administered all banking relationships. • Drove general ledger portion of ERP software implementation from internally developed system to best industry practice JD Edwards.• Conducted due diligence for company’s NYSE listing (2004).

Kimberly Karas Skills

Financial Reporting Real Estate Property Management Variance Analysis Financial Analysis Accounting General Ledger Jd Edwards Accounts Payable Fixed Assets Shopping Centers Budgets Leases Commercial Real Estate Gaap Journal Entries Monthly Close Cash Flow Forecasting Depreciation Cash Flow Account Reconciliation

Kimberly Karas Education Details

  • University Of Illinois Chicago
    University Of Illinois Chicago
    Accounting

Frequently Asked Questions about Kimberly Karas

What company does Kimberly Karas work for?

Kimberly Karas works for Highlands Reit Inc

What is Kimberly Karas's role at the current company?

Kimberly Karas's current role is SVP, Chief Accounting Officer and Treasurer.

What is Kimberly Karas's email address?

Kimberly Karas's email address is ka****@****ate.com

What is Kimberly Karas's direct phone number?

Kimberly Karas's direct phone number is (877) 206*****

What schools did Kimberly Karas attend?

Kimberly Karas attended University Of Illinois Chicago.

What skills is Kimberly Karas known for?

Kimberly Karas has skills like Financial Reporting, Real Estate, Property Management, Variance Analysis, Financial Analysis, Accounting, General Ledger, Jd Edwards, Accounts Payable, Fixed Assets, Shopping Centers, Budgets.

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