Real Estate Portfolio Accountant

1 day ago

Salem, Tamil Nadu, India beBeeAccounting Full time ₹ 60,00,000 - ₹ 80,00,000

Job Title: Commercial Property Accounting Manager

">
  • Responsible for overall property level accounting including:
  • Review 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

Required Skills and Qualifications:

  • 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 Investor Liaison

    3 days ago

    Salem, Tamil Nadu, India beBeeInvestment Full time ₹ 1,00,00,000 - ₹ 1,50,00,000

    Capital Sourcing Specialist RoleJob Title: Capital Sourcing Specialist - HNWI & Private Capital Relations Industry: Real Estate Employment Type: Full-TimeWe are seeking a well-connected and relationship-driven Capital Sourcing Specialist to support our capital raising efforts for real estate ventures. This role is ideal for someone with direct contact to...

  • Real Estate Financial Modeling Expert

    2 days ago

    Salem, Tamil Nadu, India beBeeFinance Full time ₹ 18,00,000 - ₹ 24,00,000

    Investment Banking Real Estate SpecialistWe are seeking a dedicated professional with strong leadership and teamwork skills to support our Investment Banking team.Create financial models for REIT/Real Estate clients, including operating and non-operating cash flow modeling, levered and debt cash flow, JV & waterfall, building, and auditing financial models...

  • Strategic Real Estate Investment Manager

    3 days ago

    Salem, Tamil Nadu, India beBeeFund Full time ₹ 2,00,00,000 - ₹ 2,50,00,000

    Real Estate Fund Manager RecruitmentThe organization is seeking a skilled professional to manage real estate funds and raise capital for investment projects.This role involves:Developing and executing strategies for raising capitalMaintaining strong relationships with investorsConducting market research and analysisCreating comprehensive proposalsNurturing...

  • Director of Real Estate Initiatives

    1 day ago

    Salem, Tamil Nadu, India beBeeRealEstate Full time ₹ 20,00,000 - ₹ 30,00,000

    Operations Director OpportunityWe are seeking an accomplished Operations Director to spearhead our real estate initiatives. As a key member of the team, you will be responsible for overseeing the execution of land monetization and development projects.To succeed in this role, you will require:Proven experience in project coordination, asset management, or...

  • Portfolio Strategist

    8 hours ago

    Salem, Tamil Nadu, India beBeeFinancial Full time ₹ 10,00,000 - ₹ 15,00,000

    Job Title: Portfolio StrategistAs a seasoned Portfolio Strategist, you will be responsible for managing High Net Worth clients with precision and care.Develop and execute comprehensive wealth management plans to ensure seamless service delivery.Conduct in-depth client profiling to offer tailored solutions, including debt, equity, mutual funds, structured,...

  • Industrial Real Estate Investment Leader

    1 day ago

    Salem, Tamil Nadu, India beBeeInvestment Full time ₹ 1,50,00,000 - ₹ 2,50,00,000

    Job DescriptionThe position involves leading real estate acquisitions and investments, with a focus on industrial parks. This includes evaluating, structuring, and executing deals, as well as analyzing financial models and feasibility studies to support investment decisions.You will be responsible for designing optimal tax and capital structures for new...

  • Real Estate Partnership Developer

    8 hours ago

    Salem, Tamil Nadu, India beBeeRelationship Full time ₹ 8,00,000 - ₹ 12,00,000

    Job Title: Client Engagement SpecialistAbout the Role:We are seeking a skilled and relationship-driven Client Engagement Specialist with a strong background in real estate. The role involves fostering strategic partnerships, delivering project presentations, and driving business growth through targeted outreach.Key Responsibilities:Proactively engage with...

  • Luxury Real Estate Transaction Manager

    8 hours ago

    Salem, Tamil Nadu, India beBeeClosing Full time ₹ 10,00,000 - ₹ 15,00,000

    Job Summary:We are seeking a results-driven Transaction Manager to drive high-value transactions in the luxury real estate market.Key Responsibilities:Transaction Coordination: Manage the closing process from contract to closing date, ensuring all timelines are met and necessary documents are prepared and reviewed.Legal Compliance: Ensure legal documents and...

  • Senior Real Estate Development Project Manager

    1 day ago

    Salem, Tamil Nadu, India beBeeDevelopment Full time US$ 90,000 - US$ 1,20,000

    Real Estate Development Project Manager RoleWe are seeking an experienced Project Manager to lead our real estate development projects. The successful candidate will have a proven track record in delivering large-scale residential, commercial, or mixed-use developments.Key Responsibilities:Manage end-to-end development activities from feasibility to...

  • Senior Accountant with Spanish Language

    4 weeks ago

    Salem, Tamil Nadu, India Greystar Full time

    Job Title: Accountant: Spanish Location: Remote (Europe Shift) Experience Required: 5+ YearsLanguage Requirement: Spanish (Intermediate - reading & writing) Job Overview: We are seeking a qualified accountant with a solid understanding of financial accounting, preferably with some experience in the property and real estate sector. The ideal candidate will be...