Commercial Property Manager

19 hours ago

Vijayawada, Andhra Pradesh, India beBeeAccountant Full time ₹ 15,00,000 - ₹ 25,00,000

Job Title: Real Estate Manager

">

About the Opportunity:

The Real Estate Manager is responsible for a portfolio of commercial properties, owned by various Funds and Joint Ventures, and meeting lender, tax, and investor requirements. The Real Estate Manager works hand-in-hand with 3rd party property teams who manage day-to-day accounting operations using accounting platform (MRI). The Real Estate Manager works closely with other members of Accounting, and also with the Acquisitions, Asset Management, Tax, and Finance teams.

Key Responsibilities:

  • Responsible for overall property level accounting including:
  • Work closely 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
          • Other duties and special projects as assigned

Skill & Experience:

  • 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

  • Property Financial Manager

    16 hours ago

    Vijayawada, Andhra Pradesh, India beBeeAccountant Full time ₹ 15,00,000 - ₹ 20,00,000

    Job Title: Senior Property AccountantWe are seeking a detail-oriented and experienced property accountant to join our team in Vijayawada. The ideal candidate will have a minimum of 5 years of accounting experience specifically within the real estate industry.Key Responsibilities:Financial Reporting: Prepare and analyze financial statements, ensuring accuracy...

  • Senior Property Accountant

    15 hours ago

    Vijayawada, Andhra Pradesh, India beBeeAccountant Full time ₹ 15,00,000 - ₹ 22,00,000

    Job Title: Senior Property AccountantWe are seeking a highly skilled and experienced senior property accountant to join our team.The successful candidate will have extensive knowledge of property management accounting principles, procedures, and best practices. They will be responsible for preparing, reviewing, and analyzing financial statements for...

  • Real Estate Property Valuation Specialist

    1 day ago

    Vijayawada, Andhra Pradesh, India beBeeInvestment Full time ₹ 15,00,000 - ₹ 30,00,000

    Our team is seeking a skilled Financial Modeling Professional to join our Investment Banking division in India.We are looking for individuals with strong leadership, organizational, and teamwork skills who can support our clients in the REIT / Real Estate Industry.ResponsibilitiesFinancial Model Development: Develop and audit complex financial models for...

  • Real Estate Portfolio Manager

    1 day ago

    Vijayawada, Andhra Pradesh, India beBeePortfolio Full time ₹ 7,20,000 - ₹ 9,60,000

    Job Summary:We are seeking a seasoned Real Estate Portfolio Manager to oversee and manage the day-to-day operations of our extensive real estate portfolio. This includes office buildings, retail centers, industrial properties, and other commercial assets.About Us:This role requires expertise in managing property maintenance activities, capital expenditures,...

  • Commercial Real Estate Asset Operations Specialist

    4 hours ago

    Vijayawada, Andhra Pradesh, India beBeeAsset Full time ₹ 30,00,000 - ₹ 60,00,000

    Job DescriptionWe are seeking a seasoned Asset Manager to join our team. The successful candidate will be responsible for overseeing the management of commercial real estate assets, ensuring accurate and timely reporting, and providing exceptional administrative support to internal stakeholders.Key Responsibilities:Manage asset-related data, including...

  • Commercial Interior Procurement Manager

    19 hours ago

    Vijayawada, Andhra Pradesh, India beBeePurchase Full time ₹ 15,00,000 - ₹ 20,00,000

    Procurement Professionals sought to manage end-to-end procurement processes for commercial interior projects.The ideal candidate should have hands-on knowledge of materials used in corporate interiors, such as plywood, laminates, veneers, gypsum boards, paints, hardware, and modular furniture components. Excellent vendor management and cost control skills...

  • Chief Intellectual Property Officer

    1 day ago

    Vijayawada, Andhra Pradesh, India beBeeIntellectualProperty Full time ₹ 9,00,000 - ₹ 13,00,000

    Job TitleWe are seeking an experienced Intellectual Property professional to join our team in a senior role.The ideal candidate will have superior drafting and oral communication skills.They will also be a team player with proven ability to attend to detail and work independently.This is an excellent opportunity for those looking to advance their career in...

  • Commercial Growth Director

    16 hours ago

    Vijayawada, Andhra Pradesh, India beBeePricing Full time ₹ 1,50,00,000 - ₹ 2,20,00,000

    Enhance commercial growth by driving pricing innovation and revenue optimization strategies.Key ResponsibilitiesPricing Strategy Leadership: Collaborate with senior business leaders to develop dynamic pricing models that fuel growth.Revenue Growth Frameworks: Establish advanced pricing models including competitor benchmarking, yield optimization, customer...

  • Senior Commercial Vehicle Finance Specialist

    15 hours ago

    Vijayawada, Andhra Pradesh, India beBeeBusiness Full time ₹ 20,00,000 - ₹ 25,00,000

    Job TitleHello ConnectionsWe are seeking an experienced Business Development Manager to lead our commercial vehicle finance and construction equipment finance initiatives in specific locations.Key responsibilities include:Developing and maintaining strong relationships with clients to drive business growth.Generating new sales opportunities and closing...

  • Risk Management Specialist

    1 day ago

    Vijayawada, Andhra Pradesh, India beBeeInsurance Full time ₹ 1,20,00,000 - ₹ 2,50,00,000

    As a seasoned insurance expert, you will play a vital role in shaping our company's insurance strategies and partnerships.Key Responsibilities:Place policies with top-tier insurers for property, employee benefit, and project risks to mitigate financial losses.Review and negotiate policy terms and commercial agreements with insurers and brokers to secure...