Property Accountant

Newmark CRE Services; Chennai District; On-site; INR 1,200,000 - 2,100,000; Full time

Job summary

Newmark CRE Services is seeking an experienced Property Accountant to own end-to-end month-end close and financial statement analysis for a portfolio of US commercial real estate clients. You will operate with minimal supervision as an IC, coordinating with US stakeholders and handling ad hoc projects as needed.

The role requires a strong background in property accounting, proficiency in Excel, and familiarity with ERP systems (JDE, Yardi, MRI, Oracle, SAP).

Qualifications

• 510 years of progressive experience in Property Accounting (PA).
• Prior experience in US Real Estate / Property Accounting strongly preferred.
• Strong command of month-end close procedures, including maintaining close workpapers, variance analysis, correct income/expense classification, accruals and prepaids, fixed assets, management fees, bad debt analysis and reconciliation of balance sheet and income statement accounts.
• Proven ability to review income statements and balance sheets to identify risks and issues, and to clearly summarize the drivers of financial statement fluxes.
• Sound judgment in reviewing expenses and determining appropriate capitalization versus expense treatment.
• Proficient in MS Excel, with preferable working knowledge of ERP systems such as JDE, Yardi, MRI, Oracle, or SAP.
• Excellent verbal and written communication skills, with the ability to interact confidently with US-based stakeholders.
• Strong analytical and problem-solving skills, with high attention to detail.
• Proven ability to work independently in an individual contributor (IC) capacity, managing deliverables end-to-end with minimal supervision.
• Flexibility to take on ad hoc projects and special assignments as needed.
• Bachelor’s or master’s degree in commerce, Accounting, or Finance (B. Com/M. Com/MBA-Finance) required; CPA, CMA, or CA (Inter) is a plus.
• Willingness to work in US Shift hours, starting at 5:00 PM IST / 6.00 PM IST.

Responsibilities

• Own month-end close and financial statement analysis end-to-end for an assigned portfolio of US commercial real estate clients.
• Review income statements and balance sheets to identify risks and issues and summarize drivers of changes.
• Ensure appropriate capitalization versus expense treatment and maintain close documentation with accuracy.

Skills

Property accounting

Month-end close

Variance analysis

Income/expense classification

Accruals and prepaids

Fixed assets

Management fees

Bad debt analysis

Balance sheet reconciliation

Excel proficiency

JDE

Yardi

MRI

Oracle

SAP

Communication skills

Analytical thinking

Problem solving

Independent IC work

Ad hoc projects

US shift hours

Education

B.Com/M.Com/MBA-Finance

CPA

CMA

CA (Inter)

Tools

JDE

Yardi

MRI

Oracle

SAP

Job description

Newmark is hiring Property Accountants (PA) openings supporting US Real Estate / Property Accounting operations. This is an individual contributor (IC) role for experienced professionals who operate at a Senior Analyst / Subject Matter Expert (SME) / Process Lead level, owning month-end close and financial statement analysis end-to-end for an assigned portfolio of US commercial real estate clients, with minimal supervision.

Key Requirements

• 510 years of progressive experience in Property Accounting (PA).
• Prior experience in US Real Estate / Property Accounting strongly preferred.
• Strong command of month-end close procedures, including maintaining close workpapers, variance analysis, correct income/expense classification, accruals and prepaids, fixed assets, management fees, bad debt analysis and reconciliation of balance sheet and income statement accounts.
• Proven ability to review income statements and balance sheets to identify risks and issues, and to clearly summarize the drivers of financial statement fluxes.
• Sound judgment in reviewing expenses and determining appropriate capitalization versus expense treatment.
• Proficient in MS Excel, with preferable working knowledge of ERP systems such as JDE, Yardi, MRI, Oracle, or SAP.
• Excellent verbal and written communication skills, with the ability to interact confidently with US-based stakeholders.
• Strong analytical and problem-solving skills, with high attention to detail.
• Proven ability to work independently in an individual contributor (IC) capacity, managing deliverables end-to-end with minimal supervision.
• Flexibility to take on ad hoc projects and special assignments as needed.
• Bachelor’s or master’s degree in commerce, Accounting, or Finance (B. Com/M. Com/MBA-Finance) required; CPA, CMA, or CA (Inter) is a plus."
• Willingness to work in US Shift hours, starting at 5:00 PM IST / 6.00 PM IST.