Property Accounting Manager

2 weeks ago

Delhi NCR, India Gallagher & Mohan Full time ₹ 15,00,000 - ₹ 25,00,000 per year

Property Accounting Manager

What we are and what we do:-

Gallagher & Mohan works exclusively within the real estate industry. Our mission is to provide financial analysis, marketing, and accounting support to our clients. Our clients are real estate-focused private equity investors, developers, fund managers, brokers, and more. We pride ourselves on our quality, our strong communication, and our work ethic. We are a natural extension of our clients existing infrastructure. The type of transactions we currently work on range from multifamily apartment complexes to large office towers in the United States and European markets and range in value sizes from $10 million USD - $200 million+ USD.

Job Description:

We are seeking a highly skilled and experienced Property Accounting Manager to join our dynamic team. The ideal candidate will be responsible for overseeing the financial operations of our property management and real estate portfolios. This role demands a comprehensive understanding of accounting principles, property management, and real estate finance. You will work closely with the Controller, property managers, asset managers, and other key stakeholders to ensure accurate financial reporting, budgeting, and compliance with regulatory requirements.

Key Responsibilities:

  • Prepare and review monthly, quarterly, and annual financial statements for real estate portfolios.
  • Ensure monthly journal entries are accurate and processed timely.
  • Conduct financial analysis and provide insightful recommendations to management.
  • Ensure full compliance with regulatory requirements and company policies.
  • Coordinate and collaborate with property managers and asset managers on financial matters.
  • Assist with the preparation of budgets and forecasts for property portfolios.
  • Monitor cash flow and initiate capital calls to fund property operations.
  • Reconcile bank statements and general ledger accounts to ensure accuracy.
  • Assist with external audits to ensure timely and accurate audit completion.
  • Maintain accurate financial records and ensure the integrity of financial data.
  • Analyze and report on financial performance metrics to senior management.
  • Manage property tax payments and assessments, ensuring timely payments.
  • Assist with rent collection and tenant billing for timely and accurate reporting.
  • Prepare monthly management fee calculations for property owners and stakeholders.
  • Prepare annual operating escalations and real estate tax true ups.
  • Identify and implement process improvements to enhance efficiency and accuracy.
  • Assist with special projects and ad-hoc reporting as required.

Requirements:

  • Bachelors degree in accounting, Finance, or a related field.
  • 5+ years of experience in property accounting or real estate finance, including team leadership experience.
  • In-depth knowledge of GAAP and real estate accounting principles.
  • Proficiency in Yardi and Microsoft Excel is a must.
  • Excellent analytical and problem-solving skills with the ability to identify trends and discrepancies.
  • Strong attention to detail and commitment to accuracy.
  • Ability to effectively manage multiple priorities and meet deadlines in a fast-paced environment.
  • Exceptional communication and interpersonal skills.
  • Knowledge of property tax regulations and compliance.
  • Demonstrated ability to work both independently and as part of a collaborative team.
  • Strong organizational and time management skills.

Job Details:

  • Title: Property Accounting Manager
  • Department: Accounting
  • Employment Type: Full-Time, Permanent
  • Location: Remote
  • Shift Timings: EST/PST (US Time Zone)

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