Sr. Accountant-Real Estate

Your key responsibilities will include preparing and analyzing monthly, quarterly, and annual financial statements for real estate assets and entities. You will ensure accurate recording of revenue, expenses, and other financial transactions while maintaining compliance with Generally Accepted Accounting Principles (GAAP) and real estate accounting standards.

Additionally, you will manage accounting for property acquisitions, developments, and sales. Tracking capital expenditures, depreciation, and property valuations, as well as reconciling property management and development accounts, including tenant ledgers and lease agreements.

Collaborating with management to develop annual budgets and forecasts for real estate assets and operations will be essential. Monitoring actual performance against budget, providing variance analysis, and assisting in financial modeling for potential real estate investments or developments.

Ensuring compliance with local, state, and federal tax regulations for real estate transactions, coordinating with external auditors and tax professionals during audits and filings, managing tenant billing, rent collections, and reconciling bank accounts, trust accounts, and escrow balances are also part of your responsibilities.

You will develop and maintain internal controls to safeguard financial assets and ensure data integrity. Identifying opportunities to improve accounting processes and implementing best practices, as well as training junior staff on real estate-specific accounting procedures.

Tracking lease agreements, tenant obligations, and rental income schedules, performing CAM (Common Area Maintenance) reconciliations and property expense allocations, and supporting due diligence and financial analysis for property acquisitions or divestitures are tasks specific to real estate.

Qualifications and Skills:

• Education: Bachelor's degree in Accounting, Finance, or a related field. CPA (Certified Public Accountant) or CMA (Certified Management Accountant) designation preferred.
• Experience: Minimum of 8-9 years of accounting experience, with at least 2-3 years in real estate accounting. Proficiency in property management software (e.g., Yardi, MRI, or AppFolio) and accounting systems.
• Skills: Strong knowledge of GAAP and real estate accounting principles, advanced proficiency in Microsoft Excel and financial reporting tools, excellent analytical and problem-solving skills, detail-oriented with strong organizational and multitasking abilities, ability to communicate effectively with cross-functional teams and external stakeholders.

This is a full-time position with a day shift schedule and a yearly bonus. The work location is in person.,