Senior Real Estate Accountant

Job description

Senior Real Estate Accountant

Perform accounting and reporting functions related to the development and operation of real estate for assigned properties and joint ventures; assist Accounting Manager with regional reporting, training of staff level accountants, and other projects as needed

Supervision Reports to: Accounting Manager

General Qualifications Required Education: Bachelor's degree in accounting or finance preferred or additional real estate accounting experience Licensing: None required, CPA or CPA candidate a plus

Experience Minimum of 4 years advanced accounting experience required Real estate accounting experience preferred Intermediate Proficiency in Excel Experience with Yardi preferred

Skills/Behaviors Effective oral and written communication skills Strong organizational skills with ability to prioritize Ability to handle multiple tasks while meeting strict deadlines Strong analytical problem-solving skills Detail and team orientation

Major Areas of Responsibility Development Responsible for development portfolio of multiple regions. Work with regional construction managers to ensure that all costs are tracked in Yardi, reconciled to contract, and paid timely Review constructions budgets, budget revisions, and work with construction managers on variances Work with construction/development manager to ensure development reports are updated monthly; review monthly development fee calculation prepared by staff Track real estate in Yardi through progression from land to development and stabilization Track all costs in Yardi subledger through job codes and categories Review closing statements; prepare and record the purchase/sale entry for acquisitions or dispositions Review monthly capital expenditure accruals Review capitalization calculations on all projects in development Supervise and review staff accountants' properties, training of staff accountant on developmental process

Operations Review and post journal entries, receipts and charges Monitor A/R and communicate potential A/R issues to management team Review CAM reconciliations for current and past tenants Review quarterly straight-line rent reconciliations for assigned regions and joint ventures Review month-end close packages: review of trial balance, income statement, balance sheet, general ledger, budget variances, development report, accounts receivable, accounts payable, and other balance sheet accounts Review all property level accruals Review the calculation of management fees Review monthly bank reconciliations Supervise and review staff accountants' properties, training of staff accountant on operating process and procedures Working with Property Managers, regional teams, external advisors, tax team and FP&A team to verify proper accounting of transactions

Joint Venture Reporting, if applicable Review all reporting requirements for joint ventures as assigned, including management packages and other reports as requested Prepare contributions, distributions and net income allocation for assigned joint ventures Review joint venture elimination entries monthly if applicable Review depreciation calculations prepared by staff accountants Review all fees including but not limited to, development fees, management fees, financing fees, budget savings fees and administrative fees.

Support Functions Assist with preparation of audit schedules and work with external auditors as necessary Participate in the preparation of the annual business plan Review tenant rent letters prepared by staff accountants Prepare assigned month -end reconciliation schedules following the completion of property close.

Other duties as assigned

Worksite address

atlanta, GA, 30383, US

Who can apply

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