What are the responsibilities and job description for the Accounting Manager position at RealREPP?
RealREPP is currently teaming with a commercial real estate owner/developer to assist them in recruiting for an Accounting Manager. Accounting Managers work hand-in-hand with the 3rd party property teams who manage day-to-day accounting operations using our accounting platform (MRI). Accounting Managers work closely with other members of Accounting, and also with the Acquisitions, Asset Management, Tax, and Finance teams.
We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
- RequirementsWork closely and oversee 3rd Party Property Teams
- Review 3rd party property accounting for consistency, accuracy and proper accounting
- financial reports
- annual budgets and quarterly budget re-projections
- tax basis amortization and depreciation calculations
- Provide support to 3rd party MRI users
- Review and approval of operating and tax escalations
- quarterly and annual reconciliations
- cost pools, expense caps, exclusions, gross ups and base year calculations
- Manage Loan Compliance
- Mortgage payments
- Lender reporting including debt service coverage ratio calculations
- Loan and escrow draws
- Provide comprehensive audit support
- Prepare audited financial statements with footnotes (FV and Tax basis), as required
- Prepare ad-hoc financial analysis and reporting as needed
- Joint Venture Accounting
- Work with Acquisitions team to review diligence materials
- Review settlement statements including, prorations and buyer/seller credits
- Work with Disposition team to respond to Buyer diligence requests
- 5 years property accounting experience, with the majority in commercial real estate
- Bachelor’s Degree in Accounting/Business
- 2 years supervisory experience.
- Experience with Funds and/or Joint Ventures
- Experience with fair value GAAP, tax accounting. IFRS a plus
- Experience with TRS (Taxable REIT Subsidiaries) a plus
- Proficient with tenant recoveries (CAM)
- Understanding of waterfall calculations
- Experience in year-end audit including preparation of financial statements and footnotes
- Experience with loan compliance including loan-draw and escrow-draw packages, covenant calculations
- Ability to work independently and communicate effectively
- Ability to work in a fast-paced environment
- Detail oriented and ability to multitask and prioritize
- Proficiency with financial software systems applications and proficiency with Microsoft Windows software programs, MRI experience a plus
We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
- We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.*
Salary : $90,000 - $120,000
