Real Estate Financial Specialist

2 weeks ago

Bellary, Karnataka, India beBeeAccountant Full time ₹ 9,00,000 - ₹ 12,00,000
Job Title: Real Estate Financial Specialist

This role focuses on development accounting, financial reporting, and supporting key property management operations. The ideal candidate will be hands-on with draw accounting, payables, payrolls, and financial statement preparation, while maintaining accuracy and compliance with U.S. standards.

Key Responsibilities:
  • Financial Reporting & Development Accounting: Prepare, review, and analyze financial statements for development projects.
  • Maintain general ledgers and ensure accurate monthly and year-end closing.
  • Handle draw accounting, including preparation and tracking of draw requests.
  • PAYABLES & CASH MANAGEMENT: Process and approve payables, wire requests, and ensure timely disbursements.
  • Run aging reports, monitor outstanding payables, and follow up with vendors.
  • ACCOUNTS PAYABLE (AP): Process invoices, review supporting documentation, and ensure proper coding and approvals.
  • Approve payables, set up wire requests, and ensure timely disbursements.
  • Reconcile vendor statements and resolve discrepancies.
  • Run aging reports and follow up with vendors for outstanding balances.
  • ACCOUNTS RECEIVABLE (AR): Record rent and other receivables accurately and on time.
  • Monitor tenant ledgers, reconcile payments, and follow up on overdue balances.
  • Generate AR aging reports and work with property managers to reduce delinquencies.
  • OPERATIONAL SUPPORT: Collaborate with cross-functional teams to address accounting queries.
  • Provide insights and support for property-related decision-making.

Required Skills & Qualifications:

  • Experience: Minimum 5+ years of accounting experience in U.S. property management (development focus preferred).
  • Software Skills: Proficiency in Yardi.
  • Technical Skills: Advanced Excel skills for data analysis, reporting, and reconciliations.
  • Knowledge Areas: Development accounting, draw accounting, financial statements, wire transfers, payables, and payroll processing.
  • Strong analytical and problem-solving skills with excellent attention to detail.
  • Effective communication skills to collaborate with stakeholders.

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