Real Estate Accountant Job Description

Real Estate Accountant Job Description

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Real estate accountant provides subject matter expertise on Generally Accepted Accounting Principles to support the proper treatment for business transactions and consolidation.

Real Estate Accountant Duties & Responsibilities

To write an effective real estate accountant job description, begin by listing detailed duties, responsibilities and expectations. We have included real estate accountant job description templates that you can modify and use.

Sample responsibilities for this position include:

Prepare trial balances and work paper product
Process standard and complex bookkeeping entries
Prepare financial data analysis
Monitor the timing and quality of client deliverables
Interact with Management and Clients
Monitor compliance of various agreements with clients, including the Service Level Agreement
Operate as a contact point for clients
Act as a liaison with various internal /external parties – auditors, legal counsel
Assist in client audit procedures
Process wire transfer payments on behalf of clients

Real Estate Accountant Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Real Estate Accountant

List any licenses or certifications required by the position: CPA, AIA

Education for Real Estate Accountant

Typically a job would require a certain level of education.

Employers hiring for the real estate accountant job most commonly would prefer for their future employee to have a relevant degree such as Collage and University Degree in Accounting, Finance, Real Estate, Education, Business, MBA, Accountancy, Economics, Business/Administration, Professional Accounting

Skills for Real Estate Accountant

Desired skills for real estate accountant include:

Generally Accepted Accounting Principles
Computer software and hardware
Excel
MS Office
Windows Microsoft software applications
Financial terms and principles
Generally Accepted Accounting Principles regulations
Workday and Visual Lease
Accounting and Finance principles and procedures

Desired experience for real estate accountant includes:

Liaise with property management companies
Must have a Bachelor's Degree in Accounting or Finance, CPA or CPA candidate a plus
Ability to prioritize, multi-task, work in a fast-paced environment, and meet deadlines
Experience working with MRI and NEXUS is a plus
Preparation of monthly financial information in accordance with owner deadlines and requirements
Forecasting cash flow

Real Estate Accountant Examples

1

Real Estate Accountant Job Description

Job Description Example
Our growing company is looking to fill the role of real estate accountant. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for real estate accountant
  • Preparation and Analysis of Monthly Financial Reports
  • Preparation and reconciliation of Budgets and Capital Reserve Accounts
  • Special Projects and additional duties as needed or assigned
  • Work closely with third party property management companies, and joint venture partners
  • Recor opening and closing journal entries for the acquisition or disposition of real estate assets
  • Coordinates the preparation and completes a detailed review of the company’s monthly financial statements
  • Ensures that all eliminating entries have been recorded correctly on a monthly basis
  • Ensures that all lender reporting is in compliance on a monthly basis (includes monitor Debt Covenant Tests to ensure compliance)
  • Leads and coordinates property level and corporate budget and forecasting activities
  • Prepares financial statements and associated work papers for externally audited entities
Qualifications for real estate accountant
  • Minimally a Bachelors degree in Accounting and/or Finance
  • Minimally 3-4 years of accounting experience in Real Estate or Hospitality industry
  • 3-5 years accounting experience, real estate accounting a plus
  • Real Estate Industry accounting experience
  • Three to five years’ experience within the real estate industry
  • CPA or CPA candidate is a plus but not required
2

Real Estate Accountant Job Description

Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of real estate accountant. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for real estate accountant
  • Execute and present analysis and special ad hoc projects
  • Responsible for primary day to day contact for specific PE/RE clients and funds
  • Ensure that PE/RE client deliverables are produced accurately and in compliance with policy within expected timeframe agreed in client service level documents
  • Responsible for ensuring that NAV packs for PE/RE clients are prepared in line with company policy and procedure
  • Maintain the books and records of various real estate funds
  • Prepare quarterly and annual GAAP financial statements along with supporting work papers and investor statements
  • Maintain accurate and detailed schedules of partners’ capital
  • Prepare all cash wires and coordinate with Treasury to ensure timely processing of wires
  • Preparation of investor and firm reporting
  • Prepare regular reconciliation of co-investment and firm investment percentages by asset
Qualifications for real estate accountant
  • Previous job accounting experience in commercial real estate environment required
  • Must have 2-3 years of experience in Real Estate Accounting or a similar field
  • 3 years accounting experience including consolidations, complex ownership structures
  • Real Estate or Real Estate Fund experience preferred, but not required
  • Must possess ability to communicate effectively and objectively with peers and management
  • Must be a Team Player in a fast-paced entrepreneurial environment
3

Real Estate Accountant Job Description

Job Description Example
Our company is looking to fill the role of real estate accountant. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for real estate accountant
  • Reconcile Revenue Accounts
  • Assist with Investor Reports
  • Assist with Month End Close Out
  • Protects organization's value by keeping information confidential.Miscellaneous
  • Certificate of Liability Insurance
  • Service Agreements
  • Code and Input property invoices
  • Assists with monthly credit card processing
  • Assists with GAAP audit
  • Assists with lender requests
Qualifications for real estate accountant
  • A Bachelors degree in Accounting or Finance with a minimum of 3 years of related experience
  • Experience in a similar accounting position a plus
  • Knowledge of Great Plains accounting computer system a plus
  • 2-3 years experience, with 1 year minimum in public accounting
  • Accounting experience of 6 months to 2 years of experience, which can include internship, summer work or recent work with accounting
  • Self-motivated, and effective working independently part of a large team
4

Real Estate Accountant Job Description

Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of real estate accountant. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for real estate accountant
  • Reviewing and auditing transactions and resolving issues with property managers
  • Participate in annual budgeting cycle
  • Prepare statements, schedules and reporting for audits and tax purposes
  • Responsible for troubleshooting and running process efficiently
  • Interact with people across the company and outside investors and contacts
  • Collaborate with the Controller and Director of Finance to ensure an accurate and timely quarterly close of financial reporting
  • Oversee and calculate the assessment of fees due by investment entities
  • Assist the Controller and Director of Finance on cash management reporting on a daily, weekly and monthly basis
  • Oversee and calculate annual escalation true-ups to tenants
  • Supervise and mentor 2 Staff Accountants
Qualifications for real estate accountant
  • 2 - 4 years of public accounting experience (Preferably Big 4 and/or private equity experience)
  • Bachelor's degree in Accounting or Business related (with experience)
  • Three or more years accounting experience in commercial property management
  • Minimum 3-5 years of professional accounting/finance experience, combined with investment company accounting, and/or real estate accounting
  • Experience using JD Edwards, E1 and Essbase is preferred
  • Prepare general ledger entries and other duties as part of a monthly close cycle
5

Real Estate Accountant Job Description

Job Description Example
Our growing company is hiring for a real estate accountant. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for real estate accountant
  • Compare budget to actual and investigate large variances
  • Maintain and review schedules for sub-ledgers of accounts receivable, accounts payable
  • Maintain and review depreciation schedules
  • Ensure integrity between general ledger and fixed asset system
  • Review invoices to ensure proper coding monitor timely payment of vendors
  • Calculate and review CAM expenses for tenants
  • Perform month-end, quarter-end, and year-end closing procedures
  • Extensive analysis of financial statements and company transactions
  • Research and analyze complex transactions relating to acquisitions and refinancing
  • Complete monthly and quarterly financial statement reporting packages
Qualifications for real estate accountant
  • Coordinate accounting for our various supply vendors
  • Bachelor's Degree in Accounting from a Big 10 School
  • 1-2 years work or internship experience in an accounting role
  • 1-3 years of experience in a Staff Accountant job
  • One to three years accounting experience required
  • Must have 2+ years in Florida real estate experience

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