Real Estate Accountant Job Description
Real Estate Accountant Duties & Responsibilities
To write an effective real estate accountant job description, begin by listing detailed duties, responsibilities and expectations. We have included real estate accountant job description templates that you can modify and use.
Sample responsibilities for this position include:
Real Estate Accountant Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Real Estate Accountant
List any licenses or certifications required by the position: CPA, AIA
Education for Real Estate Accountant
Typically a job would require a certain level of education.
Employers hiring for the real estate accountant job most commonly would prefer for their future employee to have a relevant degree such as Collage and University Degree in Accounting, Finance, Real Estate, Education, Business, MBA, Accountancy, Economics, Business/Administration, Professional Accounting
Skills for Real Estate Accountant
Desired skills for real estate accountant include:
Desired experience for real estate accountant includes:
Real Estate Accountant Examples
Real Estate Accountant Job Description
- Preparation and Analysis of Monthly Financial Reports
- Preparation and reconciliation of Budgets and Capital Reserve Accounts
- Special Projects and additional duties as needed or assigned
- Work closely with third party property management companies, and joint venture partners
- Recor opening and closing journal entries for the acquisition or disposition of real estate assets
- Coordinates the preparation and completes a detailed review of the company’s monthly financial statements
- Ensures that all eliminating entries have been recorded correctly on a monthly basis
- Ensures that all lender reporting is in compliance on a monthly basis (includes monitor Debt Covenant Tests to ensure compliance)
- Leads and coordinates property level and corporate budget and forecasting activities
- Prepares financial statements and associated work papers for externally audited entities
- Minimally a Bachelors degree in Accounting and/or Finance
- Minimally 3-4 years of accounting experience in Real Estate or Hospitality industry
- 3-5 years accounting experience, real estate accounting a plus
- Real Estate Industry accounting experience
- Three to five years’ experience within the real estate industry
- CPA or CPA candidate is a plus but not required
Real Estate Accountant Job Description
- Execute and present analysis and special ad hoc projects
- Responsible for primary day to day contact for specific PE/RE clients and funds
- Ensure that PE/RE client deliverables are produced accurately and in compliance with policy within expected timeframe agreed in client service level documents
- Responsible for ensuring that NAV packs for PE/RE clients are prepared in line with company policy and procedure
- Maintain the books and records of various real estate funds
- Prepare quarterly and annual GAAP financial statements along with supporting work papers and investor statements
- Maintain accurate and detailed schedules of partners’ capital
- Prepare all cash wires and coordinate with Treasury to ensure timely processing of wires
- Preparation of investor and firm reporting
- Prepare regular reconciliation of co-investment and firm investment percentages by asset
- Previous job accounting experience in commercial real estate environment required
- Must have 2-3 years of experience in Real Estate Accounting or a similar field
- 3 years accounting experience including consolidations, complex ownership structures
- Real Estate or Real Estate Fund experience preferred, but not required
- Must possess ability to communicate effectively and objectively with peers and management
- Must be a Team Player in a fast-paced entrepreneurial environment
Real Estate Accountant Job Description
- Reconcile Revenue Accounts
- Assist with Investor Reports
- Assist with Month End Close Out
- Protects organization's value by keeping information confidential.Miscellaneous
- Certificate of Liability Insurance
- Service Agreements
- Code and Input property invoices
- Assists with monthly credit card processing
- Assists with GAAP audit
- Assists with lender requests
- A Bachelors degree in Accounting or Finance with a minimum of 3 years of related experience
- Experience in a similar accounting position a plus
- Knowledge of Great Plains accounting computer system a plus
- 2-3 years experience, with 1 year minimum in public accounting
- Accounting experience of 6 months to 2 years of experience, which can include internship, summer work or recent work with accounting
- Self-motivated, and effective working independently part of a large team
Real Estate Accountant Job Description
- Reviewing and auditing transactions and resolving issues with property managers
- Participate in annual budgeting cycle
- Prepare statements, schedules and reporting for audits and tax purposes
- Responsible for troubleshooting and running process efficiently
- Interact with people across the company and outside investors and contacts
- Collaborate with the Controller and Director of Finance to ensure an accurate and timely quarterly close of financial reporting
- Oversee and calculate the assessment of fees due by investment entities
- Assist the Controller and Director of Finance on cash management reporting on a daily, weekly and monthly basis
- Oversee and calculate annual escalation true-ups to tenants
- Supervise and mentor 2 Staff Accountants
- 2 - 4 years of public accounting experience (Preferably Big 4 and/or private equity experience)
- Bachelor's degree in Accounting or Business related (with experience)
- Three or more years accounting experience in commercial property management
- Minimum 3-5 years of professional accounting/finance experience, combined with investment company accounting, and/or real estate accounting
- Experience using JD Edwards, E1 and Essbase is preferred
- Prepare general ledger entries and other duties as part of a monthly close cycle
Real Estate Accountant Job Description
- Compare budget to actual and investigate large variances
- Maintain and review schedules for sub-ledgers of accounts receivable, accounts payable
- Maintain and review depreciation schedules
- Ensure integrity between general ledger and fixed asset system
- Review invoices to ensure proper coding monitor timely payment of vendors
- Calculate and review CAM expenses for tenants
- Perform month-end, quarter-end, and year-end closing procedures
- Extensive analysis of financial statements and company transactions
- Research and analyze complex transactions relating to acquisitions and refinancing
- Complete monthly and quarterly financial statement reporting packages
- Coordinate accounting for our various supply vendors
- Bachelor's Degree in Accounting from a Big 10 School
- 1-2 years work or internship experience in an accounting role
- 1-3 years of experience in a Staff Accountant job
- One to three years accounting experience required
- Must have 2+ years in Florida real estate experience