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The Accounting Manager oversees real estate development and property management accounting, audits, budgeting, compliance, and financial reporting. This role is responsible for accounting activities related to development projects and managed properties, while also supporting property accounting systems and process improvements. The position reports to the Senior Real Estate Asset Finance Manager and requires the ability to manage multiple priorities in a fast-paced environment.
Job Responsibility
Manage and develop a team of 1-3 accounting professionals
Oversee monthly financial reporting for residential, office, and retail properties
Review financial statements and reporting packages prior to submission to management, lenders, investors, and regulatory agencies
Ensure compliance with loan covenants, annual filings, audits, tax reporting, and other regulatory requirements
Oversee debt payments, real estate taxes, owner distributions, payroll reimbursements, management fees, and intercompany transactions
Monitor property cash flow and identify solutions to address potential funding shortfalls
Lead annual audits, tax filings, and budgeting processes across the property portfolio
Manage CAM reconciliations, tenant receivables, billing activities, and delinquency monitoring
Prepare forecasts, projections, and financial analyses as needed
Serve as the primary resource for property accounting systems, including training and implementation support
Oversee all development accounting activities and ensure accurate project reporting
Partner with development teams to reconcile project activity, construction costs, and accounting records
Review and process predevelopment and construction-related expenditures
Lead cost certification efforts and support reporting requests from lenders, investors, funders, and regulatory agencies
Support acquisitions, refinancing activities, title transfers, and other escrow-related transactions
Collaborate with development and property management teams to transition newly acquired or developed properties into the portfolio
Requirements
Supervisory experience leading accounting teams
Strong understanding of GAAP and financial reporting
5+ years of accounting, finance, or related experience
Intermediate to advanced Excel skills
Bachelor's degree in Accounting, Finance, Economics, or a related field
Experience within real estate, affordable housing, nonprofit, HUD, tax credit, or bond-financed environments preferred
Yardi experience is highly preferred
Nice to have
Experience within real estate, affordable housing, nonprofit, HUD, tax credit, or bond-financed environments preferred