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Senior Real Estate Accountant

Atlanta, GA, United States

Senior Real Estate Accountant - Atlanta, GA

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 stafflevel

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.

Misc.

Other duties as assigned

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Senior Real Estate Accountant jobs in Atlanta, GA, United States

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