Real Estate Manager

1 week ago

Bengaluru, Karnataka, India Xceedance Full time

About the Opportunity:

Accounting Managers are responsible for a portfolio of commercial properties, owned by various Funds and Joint Ventures, and meeting lender, tax, and investor requirements. Accounting Managers work hand-in-hand with 3rd party property teams who manage day-to-day accounting operations using accounting platform (MRI). Accounting Managers work closely with other members of Accounting, and also with the Acquisitions, Asset Management, Tax, and Finance teams.

What you'll be do:

  • Responsible for overall property level accounting including:
  • Work closely and oversee 3rd Party Property Teams
  • Review 3rd party property accounting for consistency, accuracy and proper accounting
  • rent rolls and lease maintenance
  • cash management including weekly check fundings
  • 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
  • annual estimates
  • 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 draw
  • Prepare unaudited financial reports as required by the ownership of the property
  • Provide comprehensive audit support
  • Prepare audited financial statements with footnotes (FV and Tax basis), as required
  • Work with Beacon construction professionals to provide accounting for development projects
  • Prepare ad-hoc financial analysis and reporting as needed
    • Joint Venture Accounting
    • Review and comply with operating agreements
    • Prepare financial reporting on a consolidation or combined level, as required, including audited financial statements with footnotes (FV and Tax Basis)
    • Cash management including capital calls and distributions
    • Calculate and process management fees
    • Calculate income allocations including waterfalls, as required
      • Acquisitions
      • Work with Acquisitions team to review diligence materials
      • Review settlement statements including, prorations and buyer/seller credits
      • Review estoppels
      • Record opening entries
      • Monitor all post closing activity for true up with Seller
      • Onboard properties and train 3rd party teams on financial standards and reporting
        • Dispositions
        • Work with Disposition team to respond to Buyer diligence requests
        • Prepare prorations
        • Work with 3rd party teams to prepare estoppels
        • Prepare and record closing entries including gain/loss calculation
        • Monitor all post-closing activity for true up with Buyer
          • Other duties and special projects as assigned

Skill & Experience:

  • 5-8 years property accounting experience, with the majority in commercial real estate
  • 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

  • Real Estate Salesperson

    4 weeks ago

    Bengaluru, Karnataka, India Real Estate Cafe Full time

    Role DescriptionThis is a full-time on-site role for a Real Estate Salesperson, located in South and East Bengaluru. The Real Estate Salesperson will be responsible for assisting clients in sales of property. Daily tasks include conducting property tours, providing professional advice on market conditions, preparing suitable legal documents, negotiating on...

  • Real Estate Sales Officer

    15 hours ago

    Bengaluru, Karnataka, India Real Estate Cafe Full time

    Company DescriptionWe suggest you enter details here. Role DescriptionThis is a full-time on-site role for a Real Estate Sales Officer based in Bengaluru. The Real Estate Sales Officer will be responsible for managing and advancing the sales process, addressing customer inquiries, showcasing real property, and ensuring client satisfaction. The individual in...

  • Business Growth Associate – Real Estate Ventures

    2 weeks ago

    Bengaluru, Karnataka, India Theia Real Estate Full time

    This is a remote position No fixed salary - only unlimited earning potential based on your performance About Theia Theia Real Estate is a boutique firm specializing in high-value real estate investments leasing and hospitality ventures across India Backed by a 15-year family business legacy and successful projects Theia has worked with leading brands...

  • Real Estate sales Executives interns

    5 days ago

    Bengaluru, Karnataka, India FutureHold Real Estate Full time ₹ 1,04,000 - ₹ 1,30,878 per year

    About Us:We are a fast-growing real estate firm dedicated to offering premium real estate solutions Bangalore. We believe in nurturing fresh talent and offering career-building opportunities in a professional and dynamic work environment.Who We're Looking For:Motivated and enthusiastic freshers with excellent communication skills who are eager to explore the...

  • Business Growth Associate – Real Estate Ventures

    5 days ago

    Bengaluru, Karnataka, India Theia Real Estate Full time ₹ 5,00,000 - ₹ 10,00,000 per year

    No fixed salary – only unlimited earning potential based on your performance.About TheiaTheia Real Estate is a boutique firm specializing in high-value real estate investments, leasing, and hospitality ventures across India. Backed by a 15-year family business legacy and successful projects, Theia has worked with leading brands like Nykaa, Lee, Wrangler,...

  • Commercial Real Estate Asset Manager

    1 week ago

    Bengaluru, Karnataka, India Jupiter Texas Real Estate Group Full time

    Who We Are: Jupiter Texas Real Estate Investment Group is a commercial real estate investment group based in Dallas, Texas. With over $350 million in assets under management, we specialize in acquiring, adding value, managing and selling CRE properties with the goal of maximizing investor returns. Our portfolio includes commercial retail properties, medical...

  • Real Estate Agent

    4 days ago

    Bengaluru, Karnataka, India Estate Hive Full time ₹ 15,00,000 - ₹ 28,00,000 per year

    Hiring Now: Remote Real Estate Agents (Bangalore, Hyderabad, Goa)Estate Hive is expanding and we're looking for sharp, self-driven real estate agents to join our remote team.What you'll do• Work qualified buyer/seller leads from our marketing• Run virtual showings and negotiations• Maintain a clean pipeline and close with speedWhat we offer• Daily...

  • Architect - Commercial Real Estate

    2 weeks ago

    Bengaluru, Karnataka, India Century Real Estate Holdings Pvt Ltd Full time

    ABOUT OUR COMPANYAt Century Real Estate, growth powers our journey forward with unstoppable energy. Since1973, we've exceeded expectations, growing with unwavering determination.Today, we're becoming a vibrant hub of opportunity, with 20 million sq. ft. of projects shaping the skyline. Our developments reflect our commitment to creating lively spaces that...

  • Architect - Commercial Real Estate

    3 weeks ago

    Bengaluru, Karnataka, India Century Real Estate Holdings Pvt Ltd Full time

    ABOUT OUR COMPANY At Century Real Estate, growth powers our journey forward with unstoppable energy. Since1973, we've exceeded expectations, growing with unwavering determination. Today, we're becoming a vibrant hub of opportunity, with 20 million sq. ft. of projects shaping the skyline. Our developments reflect our commitment to creating lively spaces...

  • Architect - Commercial Real Estate

    5 days ago

    Bengaluru, Karnataka, India Century Real Estate Holdings Pvt Ltd Full time ₹ 9,00,000 - ₹ 12,00,000 per year

    ABOUT OUR COMPANYAt Century Real Estate, growth powers our journey forward with unstoppable energy. Since1973, we've exceeded expectations, growing with unwavering determination.Today, we're becoming a vibrant hub of opportunity, with 20 million sq. ft. of projects shaping the skyline. Our developments reflect our commitment to creating lively spaces that...