Sr Real Estate Accountant

About the role

The Senior Investment Accountant ensures that investment accounting policies and procedures are correctly applied to financial transactions. Under minimal supervision, this role works directly with asset management, portfolio management, and acquisition/disposition teams. The position leads a team to prepare month-end closing reports and subsidiary quarterly financial analytics, reporting to senior management to ensure accurate asset evaluations.

Responsibilities

• Prepares timely and accurate GAAP work papers and supporting schedules to satisfy all investment accounting requirements for internal and external audits.
• Reviews financial information for joint ventures to ensure compliance with investment accounting policies and procedures (sales, acquisitions, debt refinancing, REIT restructuring, and financial performance).
• Incorporates frequent ad hoc financial inquiries into the monthly and quarterly reports, adding value by providing management insight into the activities of the underlying properties.
• Calculates unlevered and levered, gross and net portfolio performance returns and property internal rates of return.
• Converts modified cash basis accounting information provided by third-party management firms to accrual basis to facilitate preparation of fair value GAAP basis financial statements.
• Provides guidance to junior Investment Accountants regarding issues that require more advanced knowledge and experience.

Requirements

• 3+ years of accounting or audit experience (5+ years preferred).
• University degree in Accounting or Finance (preferred).
• Physical Requirements: Sedentary work.

Qualifications

• CPA certification (preferred).
• Previous experience with Yardi (preferred).
• Strong proficiency with Microsoft Excel.
• Previous experience in a deadline-driven environment.
• Experience with financial reporting.

Skills

• Accountability
• Accounting Standards
• Business Acumen
• Client Relationship Management
• Collaboration
• Communication
• Compliance
• Data-Driven Business Intelligence
• Due Diligence
• Executive Presence
• Financial Acumen
• Financial Modeling
• Financial Risk Management
• Financial Statements
• Fund Accounting
• Market/Industry Dynamics
• Stakeholder Engagement
• Storytelling

Pay

Base Pay Range: $79,200/yr – $104,000/yr. Actual base salary may vary based on relevant experience, time in role, base salary of internal peers, prior performance, business sector, and geographic location. In addition to base salary, the competitive compensation package may include participation in an incentive program linked to performance.

Benefits

The organization offers a comprehensive Total Rewards package designed to support the well-being of associates and their loved ones. Benefits include a superior retirement program, highly competitive health, wellness, and work-life offerings to help achieve and maintain physical, emotional, and financial well-being.