Real Estate Financial Specialist

4 days ago

Salem, Tamil Nadu, India beBeeAccountant Full time ₹ 10,00,000 - ₹ 12,00,000
Job Title: Property Accountant

We are seeking a highly skilled and detail-oriented accounting professional to join our team as a Property Accountant.

The ideal candidate will have 5+ years of experience in U.S. property management accounting, with expertise in development accounting, financial reporting, and supporting key property management operations.

This role will focus on preparing, reviewing, and analyzing financial statements for development projects, maintaining general ledgers, and ensuring accurate monthly and year-end closing.

You will be responsible for handling draw accounting, including preparation and tracking of draw requests, processing payables, wire requests, and ensuring timely disbursements, reconciling vendor statements, and resolving discrepancies.

In addition, you will record rent and other receivables accurately and on time, monitor tenant ledgers, reconcile payments, and follow up on overdue balances.

Collaboration with U.S. cross-functional teams is essential, as well as providing insights and support for property-related decision-making.

To be successful in this role, you should have advanced Excel skills for data analysis, reporting, and reconciliations, proficiency in Yardi software, and knowledge areas such as development accounting, draw accounting, financial statements, wire transfers, payables, and payroll processing.

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
  • Reconcile vendor statements and resolve discrepancies
  • 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
Preferred 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 U.S. stakeholders

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