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Real Estate Accounting Manager - 24658
$115k-147k (estimate)
Full Time | Business Services 2 Weeks Ago
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Daley and Associates is Hiring a Real Estate Accounting Manager - 24658 Near Boston, MA

Real Estate – Accounting ManagerA Real Estate firm located in Boston is looking to bring on an Accounting Manager to their growing team. As the Accounting Manager, you will be responsible for a portfolio of commercial properties. We are seeking candidates with strong property accounting experience within commercial real estate.
Responsibilities:
  • All property level accounting, including the following;
    • Work with 3rd party property teams
    • Rent rolls and lease maintenance
    • Cash management, weekly check fundings
    • Financial reports, annual budgets
    • Tax basis amortization and depreciation calculations, review/approve operation, and tax escalations
    • Loan compliance
    • Audit support
  • Joint Venture Accounting;
    • Prepare financial reporting on a consolidation or combined level, including audited financial statements with footnotes
    • Cash management including capital calls and distributions
    • Calculate/process management fees
    • Calculate income allocations including waterfalls
  • Acquisitions;
    • Review settlement statements; prorations and buyer/ seller credits
    • Review estoppels
    • Record opening entries
    • Monitor al post-closing activity for true up with seller
    • Onboard properties and train 3rd party teams on the firm’s financial standards and reporting
  • Dispositions;
    • Wok with Disposition team to respond to buyer diligence requests
    • Prepare prorations
    • Prepare and record closing entries including gain/loss calculation
    Qualifications:
    • BA/BS degree in accounting
    • 5 years od property accounting experience, 2 years within a management role
    • Experience with Funds and Joint Ventures
    • Understanding of waterfall calculations
    • Detail oriented, ability to handle multiple tasks at once
    This is a full-time opportunity that will offer a competitive base salary plus a bonus and excellent benefits. If you are interested in this opportunity, please reach out to Kelly Hanlon directly at khanlon@daleyaa.com.

Job Summary

JOB TYPE

Full Time

INDUSTRY

Business Services

SALARY

$115k-147k (estimate)

POST DATE

06/12/2024

EXPIRATION DATE

07/10/2024

WEBSITE

daleyaa.com

HEADQUARTERS

BOSTON, MA

SIZE

25 - 50

FOUNDED

2005

CEO

MIKE DALEY

REVENUE

$5M - $10M

INDUSTRY

Business Services

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About Daley and Associates

Daley and Associates is a boutique executive search and contract staffing firm specializing in the placement of Accounting, Finance, Information Technology, Legal, Administrative and Life Sciences professionals. We are a customer driven company and tailor every search and placement to the unique needs of every client. Daley and Associates works with some of the most prominent businesses in the greater Boston area ranging from promising start-ups to Fortune 100 companies.

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