What are the responsibilities and job description for the Senior Real Estate Accountant position at Commercial Advisors LLC?
Description
Company: Cushman & Wakefield | Commercial Advisors
Position: Senior Real Estate Accountant
Reports To: Director of Accounting
Hours: 40/week
*Direct applicants only please, no agencies. *
Position Summary:
The Senior Real Estate Accountant is responsible for managing the accounting functions related to a portfolio of commercial real estate properties. With at least four years of experience in commercial real estate accounting, the ideal candidate will have a clear understanding of property financials, including budgeting, cash and accrual reporting, and financial analysis. This role requires a highly organized, detail-oriented, and experienced professional who can manage multiple priorities. The Senior Real Estate Accountant will serve as a key resource to both internal and external stakeholders, ensuring accuracy in financial reporting and maintaining a high level of professionalism in all dealings.
Responsibilities:
• Manage financial accounting for a portfolio of commercial real estate properties, ensuring accurate and timely reporting.
• Prepare monthly, quarterly, and annual financial statements, including income statements, balance sheets, and cash flow reports.
• Oversee the preparation of property budgets and forecasts.
• Perform monthly reconciliation of bank accounts, tenant receivables, and payable accounts.
• Coordinate with property managers to ensure accurate billing for tenants, including CAM charges, rent, and other expenses.
• Analyze financial data, providing insights into property performance and recommending actions to improve profitability.
• Assist in preparing annual audits and tax filings, collaborating with external auditors and tax advisors.
• Ensure compliance with internal controls, company policies, and accounting standards (GAAP).
• Maintain accurate and up-to-date records of all property-related financial transactions.
• Provide training and guidance for accounting staff, offering mentoring and developing the best practices.
• Effectively communicate and respond to internal and external clients.
• Handle any other tasks and special projects as assigned by management.
Requirements
Key Competencies:
• Strong knowledge of commercial real estate accounting principles, including CAM charges, lease abstracts, and property-level financials.
• Excellent communication skills, both oral and written, with the ability to interact effectively with internal teams and external stakeholders.
• Strong analytical and problem-solving skills, with the ability to provide actionable insights and recommendations.
• Ability to manage multiple priorities in a fast-paced environment and meet deadlines consistently.
• High attention to detail and accuracy in all financial reporting and analysis.
• Team-oriented, with the ability to collaborate effectively with cross-functional teams.
• Strong organizational skills and a proactive approach to managing tasks and responsibilities.
Experience:
• At least 4 years of career experience in commercial real estate accounting or property accounting.
• Bachelor’s degree in Accounting, Finance, or a related field.
• Proven experience managing financials for commercial real estate properties, including financial reporting, budgeting, and forecasting.
• Proficient in accounting software (e.g., Yardi, MRI, or similar systems) and Microsoft Office Suite (Outlook, Word, Excel, PowerPoint).
• Strong knowledge of GAAP and the ability to apply accounting principles in a commercial real estate setting.
• Ability to work independently, make decisions, and provide financial guidance.
• Experience working with property managers, auditors, and external tax advisors.
Physical Requirements:
• Involves work of a general office nature, typically includes extended periods of sitting and/or operation of a
computer for up to 8 hours a day
• In-office work required
Disclaimer
This job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee. Duties, responsibilities and activities may change, or new ones may be assigned at any time with or without notice.
