Senior Accountant
1 month ago
Senior Accountant - Real Estate
We are looking for an experienced Senior Accountant to oversee general accounting operations by controlling and verifying our financial transactions.
Senior Accountant responsibilities include reconciling account balances and bank statements, maintaining general ledger and preparing month-end close procedures. A successful Senior Accountant combines excellent analytical skills with a thorough knowledge of accounting principles to analyze financial reports and Reporting:
- Prepare and analyze monthly, quarterly, and annual financial statements for various real estate assets, ensuring accuracy and compliance with accounting standards .
Budgeting and Collaborate with management to develop budgets and financial forecasts for real estate projects and portfolios.
- Monitor actual performance against budgeted figures and provide variance analysis.
Financial Analysis:
- Conduct in-depth financial analysis of real estate investments, including ROI calculations, cash flow projections, and sensitivity analysis.
- Provide insights to support decision-making regarding acquisitions, dispositions, and property management strategies.
General Ledger Maintenance:
- Oversee the general ledger accounting process, including journal entries, reconciliations, and month-end close procedures.
- Ensure proper documentation and classification of transactions related to property operations, leasing, and financing.
Tax Compliance:
- Coordinate with external tax advisors to ensure compliance with tax regulations and optimize tax strategies for real estate transactions.
- Prepare schedules and supporting documentation for tax filings, including property tax returns and partnership tax returns.
Internal Controls:
- Implement and maintain internal control procedures to safeguard company assets and ensure the integrity of financial data.
- Conduct periodic audits and reviews to identify areas for improvement and mitigate risks.
Lease Administration:
- Work closely with property management teams to review lease agreements, calculate rent escalations, and analyze lease terms for financial implications.
- Update lease databases and assist in lease abstraction and interpretation.
Financial Systems Management:
- Utilize accounting software and financial systems to streamline processes and enhance reporting capabilities.
- Identify opportunities for system enhancements or upgrades to improve efficiency and accuracy.
Audit Support:
- Serve as a key liaison during external audits, providing auditors with requested documentation, explanations, and analyses.
- Address audit findings and implement recommended changes to strengthen internal controls and compliance.
Team Supervise and mentor junior accounting staff, providing guidance on technical matters, professional development, and performance management.
- Foster a collaborative and supportive work environment within the finance team.
Banking Activities:
- Coordinating with the Bank personnel for various banking activities.
- Handing and supervision of Directors personal accounts, Share account, portfolio Bachelor's degree in Accounting, Finance, or related field; CA or equivalent certified preferred.
- 10+ years of progressive accounting experience in the real estate industry, with a strong understanding of real estate accounting principles and practices.
- Proficiency in accounting software like Tally and Microsoft Excel.
- Excellent analytical skills and attention to detail, with the ability to interpret complex financial data and communicate findings effectively.
- Experience managing multiple priorities in a fast-paced environment and meeting tight deadlines.
- Demonstrated leadership abilities and experience in supervising and developing accounting professionals.
- Effective interpersonal skills and the ability to collaborate cross-functionally with internal stakeholders and external partners.
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