Real Estate Property Account Manager

2 days ago

Rajkot, Gujarat, India beBeeAccountant Full time ₹ 13,00,000 - ₹ 15,49,900
About the Opportunity">

Commercial property accountants are responsible for managing a portfolio of commercial properties owned by various Funds and Joint Ventures, ensuring compliance with lender, tax, and investor requirements. They work closely with 3rd party property teams who manage day-to-day accounting operations using accounting platforms like MRI.

The ideal candidate will be responsible for overall property level accounting, including:

  • Managing 3rd party property teams
  • Reviewing and overseeing 3rd party property accounting for consistency, accuracy, and proper accounting practices
  • Cash management, including weekly check fundings
  • Financial reports, annual budgets, and quarterly budget re-projections
  • Tax basis amortization and depreciation calculations
  • Providing support to 3rd party MRI users
  • Reviewing and approving operating and tax escalations
Responsibilities
  • Manage loan compliance, including loan-draw and escrow-draw packages
  • Mortgage payments
  • Lender reporting, including debt service coverage ratio calculations
  • Prepare unaudited financial reports as required by ownership
  • Provide comprehensive audit support
  • Prepare audited financial statements with footnotes (FV and Tax Basis)
Additional Responsibilities
  • Work with Acquisitions team to review diligence materials
  • Review settlement statements, prorations, and buyer/seller credits
  • Monitor post-closing activity for true-up with Seller or Buyer
  • Onboard properties and train 3rd party teams on financial standards and reporting

Requirements

  • 5-8 years of experience in property accounting, with the majority in commercial real estate
  • Experience with Funds and/or Joint Ventures
  • Proficiency in tenant recoveries (CAM) and understanding of waterfall calculations
  • Ability to work independently and communicate effectively
  • Detail-oriented and ability to multitask and prioritize
Preferred Qualifications
  • Experience with fair value GAAP, tax accounting, IFRS, and TRS (Taxable REIT Subsidiaries)
  • Proficiency in financial software systems applications and Microsoft Windows software programs

Benefits

This is a great opportunity to join our team and take your career to the next level.

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