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Commercial Property Accountant

3 weeks ago

Nagpur, Maharashtra, India beBeeCommercialAccountant Full time ₹ 15,00,000 - ₹ 21,50,000

About the Position

The role involves overseeing a portfolio of commercial properties, ensuring compliance with lender, tax, and investor requirements.

This position entails collaborating closely with third-party property teams who manage day-to-day accounting operations using MRI software.

Key Responsibilities
  • Manage overall property-level accounting, including 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.
  • Ensure loan compliance, mortgage payments, lender reporting, loan and escrow draws, unaudited financial reports, and comprehensive audit support.
  • Prepare audited financial statements with footnotes (FV and Tax basis) as required, and work with professionals to provide accounting for development projects.
  • Perform ad-hoc financial analysis and reporting as needed, including joint venture accounting, reviewing and complying with operating agreements, and preparing financial reporting on a consolidation or combined level.
Requirements
  • 5-8 years of property accounting experience, with the majority in commercial real estate.
  • Experience with funds and/or joint ventures.
  • Proficiency with tenant recoveries (CAM), understanding of waterfall calculations, and experience in year-end audit.
  • Ability to work independently, communicate effectively, and multitask and prioritize in a fast-paced environment.
  • Proficiency with financial software systems applications and Microsoft Windows software programs.