Senior Manager

Pierag Consulting; Hyderabad; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

Pierag Consulting is seeking a Senior Manager – Real Estate Accounting based in Hyderabad, India. This role will lead accounting operations for a diverse portfolio of US real estate assets, driving seamless integration and high-quality outcomes. The ideal candidate will have a strong background in US GAAP, real estate accounting, and extensive experience in managing teams.

The position offers a dynamic work environment with a focus on quality, efficiency, and compliance with all financial reporting requirements.

Qualifications

• 15+ years of progressive accounting experience in US real estate/accounting.
• Minimum 7+ years of experience in people management.
• Experience working in shared services or offshore environments preferred.

Responsibilities

• Lead end-to-end accounting operations for US real estate portfolios.
• Drive timely completion of month-end, quarter-end, and year-end closes.
• Oversee quality metrics including error rates and SLA adherence.

Skills

US GAAP

Real estate accounting expertise

Lease Accounting (ASC 842)

Financial statement preparation

Budgeting and forecasting

People management

Analytical skills

Education

CA / CPA preferred; ACCA, CMA, or MBA (Finance)

Tools

Yardi Voyager

NetSuite

Oracle

SAP

Job description

Position Summary

We are seeking an experienced Senior Manager – Real Estate Accounting to lead accounting operations supporting a diverse portfolio of US real estate assets. The role will oversee end-to-end accounting processes, ensure timely and accurate financial reporting, manage month‑end close, drive process excellence, and partner with US stakeholders across Property Management, Asset Management, Treasury, FP&A, and Corporate Finance. This role is pivotal in scaling India’s delivery capability for US real estate clients—driving seamless onshore–offshore integration, building scalable capacity aligned to business pipelines, and delivering consistently high‑quality outcomes that protect margins and enable US growth. The ideal candidate will bring strong expertise in US GAAP, real estate and property accounting, lease accounting, financial reporting, reconciliations, internal controls, and team leadership within a fast‑paced, global delivery environment. Experience supporting commercial, residential, industrial, REIT, fund, or mixed‑use real estate portfolios is highly preferred.

Key Responsibilities

• Foster a high‑performance, quality‑focused, builder‑mindset culture.

Accounting & Financial Reporting

• Lead end‑to‑end accounting operations for a portfolio of US real estate entities and properties.
• Review and approve monthly, quarterly, and annual financial statements.
• Ensure accurate accounting for rental income and revenue recognition (including straight‑line rent and lease incentive amortization), operating expenses, accruals, and prepaids.
• Account for fixed assets, depreciation, and CIP capitalization (including interest capitalization under ASC 835‑20).
• Apply lease accounting under ASC 842 and above/below‑market lease intangibles under ASC 805 (acquisition accounting).
• Conduct real estate impairment testing under ASC 360.
• Handle tenant recoveries and CAM reconciliations / true‑ups.
• Manage construction and development accounting.
• Manage intercompany transactions and consolidations.
• Support JV and fund accounting, including GP/LP allocations, waterfall distributions, preferred return, promote, IRR, and equity multiple reporting.
• Support REIT compliance requirements (75/95 income tests, distribution requirements) and NAV reporting for funds, where applicable.
• Ensure compliance with US GAAP, company policies, and reporting requirements.

Month‑End Close Management

• Oversee month‑end, quarter‑end, and year‑end close cycles.
• Drive timely completion of journal entries, reconciliations, variance analysis, and reporting deliverables.
• Review balance sheet reconciliations and ensure prompt resolution of outstanding items.
• Monitor close calendars and SLA adherence across teams.

Global Delivery & Transitions

• Lead the global delivery model supporting US stakeholders with a focus on scalability, quality, and efficiency.
• Drive integration between US and India teams to ensure seamless collaboration and shared ownership.
• Lead large‑scale transitions from US to India teams, including planning, knowledge transfer, and stabilization.
• Build scalable delivery models to support rapid business growth and seasonal demand.
• Establish capacity planning frameworks aligned to business pipelines and enable capacity creation for US growth.

Quality & Accountability

• Own and track quality metrics, including error rates, rework, and SLA adherence.
• Drive accountability across teams using RACI frameworks and performance dashboards.
• Implement continuous improvement loops (RCA to action to tracking) to drive sustained quality gains.

Leadership & People Management

• Lead and develop a team of accounting managers, senior accountants, and analysts.
• Establish performance goals, conduct coaching sessions, and build succession plans.
• Foster a high‑performance, quality‑focused, builder‑mindset culture.
• Support recruitment, onboarding, and capability‑building initiatives.

Business Partnering

• Partner with US‑based Controllers, Asset Managers, Property Managers, and Finance Leaders.
• Act as the primary escalation point for accounting and reporting matters.
• Present financial results, key trends, and operational insights to senior leadership.
• Drive outcomes that enhance client satisfaction and retention.

Compliance, Audit & Controls

• Coordinate internal and external audits.
• Strengthen the internal control framework and proactively identify and mitigate risks.

Process Improvement & Transformation

• Drive standardization, automation, and continuous improvement initiatives.
• Leverage ERP and property accounting systems to enhance efficiency and reporting accuracy.
• Develop and track KPIs, productivity measures, and quality metrics.
• Lead transition and stabilization of new processes into the India team.

What Success Looks Like

• Consistent, on‑time close with at least 98% SLA adherence across monthly, quarterly, and annual cycles.
• Improved quality outcomes with measurable reduction in error rates and rework (at least 95% first‑pass quality).
• Enhanced margin performance driven by delivery efficiency and optimized global model utilization.
• Successful scale‑up of operations supporting increased volume and headcount without degradation in quality.
• Strong stakeholder confidence, reflected in high customer satisfaction and positive feedback from US leadership.
• Robust accountability framework, with clear ownership, minimal escalations, and timely issue resolution.
• Continuous improvement culture, evidenced by adoption of automation/AI, process standardization, and sustained productivity gains.

Qualifications

Education

• CA / CPA preferred; ACCA, CMA, or MBA (Finance) / Master's in Accounting with relevant experience considered.

Experience

• 15+ years of progressive accounting experience, of which 3+ years in US real estate / property accounting.
• Minimum 7+ years of people management experience.
• Experience working with offshore / shared services / GCC environments preferred.

Preferred Industry Experience

Commercial Real Estate, Residential / Multifamily Housing, Property Management, Real Estate Funds, REITs, Real Estate Development & Construction Accounting.

Technical Skills

• Strong working knowledge of US GAAP.
• Real estate and property accounting expertise.
• Lease Accounting (ASC 842), acquisition accounting (ASC 805), and impairment (ASC 360).
• Financial statement preparation and analysis.
• Month‑end close and balance sheet reconciliation management.
• Budgeting, forecasting, and variance analysis.
• Internal controls and audit management.
• ERP experience: Yardi Voyager / Yardi Elevate, NetSuite, Oracle, SAP, JD Edwards or equivalent.
• Property accounting platforms: Yardi, MRI, RealPage, Entrata or similar.

Leadership Competencies

• Strategic thinking and business acumen.
• Strong stakeholder management and executive communication.
• Results‑oriented with a strong focus on accountability and ownership.
• Ability to manage multiple priorities in a deadline‑driven environment.
• Strong analytical and problem‑solving skills.
• Continuous improvement and transformation mindset.
• Comfort operating in ambiguity and scaling teams in a high‑growth GCC environment.

Nice to Have

• Exposure to Yardi Voyager 7S / Yardi Elevate, MRI, RealPage.
• Hands‑on experience with automation and analytics tools — Power BI, Alteryx, Basis AI, or similar.
• Experience leading AI‑led transformation in F&A delivery.
• Prior Big 4 plus GCC / shared services combination.