Overview
A growing firm specializing in financial analysis, marketing expertise, and accounting support for the real estate sector is seeking a Senior Accountant – Property Accounting. The organization serves private equity investors, developers, fund managers, brokers, and other industry leaders, managing diverse real estate transactions ranging from multifamily apartment communities to large-scale office towers across the United States and European markets, with deal sizes typically between $25 million and over $500 million USD.
Responsibilities
- Prepare monthly, quarterly, and annual financial statements for real estate properties in accordance with GAAP (Generally Accepted Accounting Principles).
- Assist in the preparation of annual property budgets and forecasts; monitor budget variances and provide detailed analysis and explanations.
- Maintain accurate and up-to-date general ledger entries for all property-related transactions, including rent, expenses, accruals, and capital expenditures.
- Oversee accounts payable and accounts receivable processes for property transactions, ensuring accuracy, completeness, and timely processing.
- Prepare and review annual Common Area Maintenance (CAM) reconciliations in line with lease agreements and industry standards.
- Assist in property tax filings and coordinate with external tax consultants to ensure compliance.
- Support internal and external audits by preparing schedules, reconciliations, and responding to auditor queries.
- Perform in-depth financial analysis including variance analysis, trend analysis, ROI evaluation, and identifying performance insights.
- Identify and implement process improvements to enhance efficiency, accuracy, and control within the property accounting function.
Requirements
- CA qualified (most preferred).
- Minimum 4+ years of accounting experience, with relevant experience in property accounting.
- Minimum 1+ year of hands-on Yardi experience (must-have).
- Strong understanding of GAAP and financial reporting standards.
- Proficiency in Yardi and Microsoft Excel.
- Strong analytical, problem-solving, and data interpretation skills.
- Excellent communication and interpersonal abilities.
- Ability to work independently and manage multiple priorities in a fast-paced environment.
- High attention to detail and accuracy.
Job Details
- Job Title: Senior Accountant – Property Accounting
- Department: Accounting
- Employment Type: Full-Time, Permanent
- Location: Remote
- Industry: Knowledge Process Outsourcing (KPO), Outsourcing/Offshoring
- Shift Timing: EST/PST – US Time Zone
Compensation & Benefits
Details regarding compensation and benefits are not specified in the job description.