Commercial Property Financial Manager

5 days ago


Bellary, Karnataka, India beBeepropertyaccountant Full time ₹ 15,00,000 - ₹ 22,00,000

About the Opportunity:

Accounting managers oversee a portfolio of commercial properties, meeting lender, tax, and investor requirements.

  • Responsible for overall property level accounting including rent rolls, lease maintenance, cash management, financial reports, annual budgets, tax basis amortization, and depreciation calculations.
  • Work closely with 3rd party property teams using MRI platform.

Skill & Experience:

  • 5-8 years property accounting experience in commercial real estate, preferably with Funds and/or Joint Ventures.
  • Experience with fair value GAAP, tax accounting, TRS (Taxable REIT Subsidiaries), tenant recoveries, and waterfall calculations.
  • Proficient with financial software systems applications and Microsoft Windows software programs.

Responsibilities include:

  • 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, debt service coverage ratio calculations
  • Loan and escrow draw
  • Prepare unaudited financial reports
  • Provide comprehensive audit support
  • Prepare audited financial statements with footnotes (FV and Tax basis)
  • Joint Venture Accounting, review and comply with operating agreements
  • Cash management including capital calls and distributions
  • Calculate and process management fees
  • Acquisitions, dispositions, and other duties as assigned

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