Accountant- Real Estate

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Job description

Job Description

Real Estate Profolio Accountant. Multi-company environment with a position that offers exceptional growth position for person seeking professional growth; fast paced in high-profile position.

Essential Functions:

Review monthly property financials prepared by third-party property management.

Communicate and interact with third-party property management team.

Work with property management to obtain variance report narrative and provide month over month, quarterly and annual analysis.

Create and maintain property financials dashboards. Maintain balance sheet reconciliation for all properties on a monthly basis.

Note exceptions, trends, extreme over/under budget conditions.

Monitor and report debt service coverage ratios for properties with such covenants.

Monitor tenant AR details for non-payments, delayed payments and other irregularities, and assist Asset Management in identifying collection issues.

Track assigned property budgets to identify and discuss any cost/budget issues with Asset Management.

Review/prepare and propose property related journal entries to accurately account for all costs.

Assists with preparation of year-end work papers for properties to facilitate audit and tax return preparation.

Prepares and engages best practices for property accounting analysis.

Provide ad hoc analysis and reporting as needed.

Assist Asset Management Department with special accounting tasks.

Work and collaborate with accounting, asset management, and third-party property manager teammates.

Requirements

BA or BS in Accounting, Finance or related fields.

3-5 years of accounting experience inCommerical or Industrial Real Estate accounting or experience in accrual-based accounting for residential properties.

Thorough understanding of generally accepted accounting principles and fixed asset accounting.

Demonstrated experience with preparing financial statements and monthly variance analysis.

Demonstrated ability to work with minimal supervision.

Technical skills required - Microsoft Word, Excel, Outlook, NetSuite.

Understanding of real estate tax issues.

Excellent Interpersonal, verbal and written communication skills.

Ability to work within a team-based environment.

Ability to handle multiple tasks.

Planning and organizational skills.

Yardi experience preferred.

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