Accounting Manager, Real Estate

The Wonderful Company; Los Angeles (CA); On-site; USD 135,000 - 145,000; Full time

Job summary

An established industry player is seeking a detail-oriented Real Estate Accounting Manager to join their dynamic team in Los Angeles. This full-time role offers the opportunity to manage accounting operations for a diverse commercial real estate portfolio while collaborating with various stakeholders. The ideal candidate will possess a strong background in real estate accounting, proficiency in Yardi Voyager, and a passion for process improvement. With a hybrid work schedule and a commitment to employee development, this position promises a rewarding career path in a supportive environment that values growth and collaboration.

Benefits

Medical coverage

Vision and dental plans

401k with match eligibility

Online physician consultations

Virtual mental health resources

Life coaching

Employee community groups

Fitness reimbursements

Career advancement opportunities

Mentorship program

Qualifications

• 5-8 years of real estate accounting experience required.
• Strong public accounting background preferred.
• Ability to read complex lease agreements.

Responsibilities

• Oversee daily operations of the real estate accounting department.
• Manage monthly close process and financial reporting.
• Coordinate with property managers for accurate reporting.

Skills

Real Estate Accounting

Yardi Voyager

GAAP

Financial Reporting

Analytical Skills

Public Accounting

Excel

Education

Bachelor's degree in accounting

CPA certification

Tools

Yardi Voyager

Excel

Job description

Join the team behind some of America’s most iconic brands! At The Wonderful Company, we’re the force behind beloved household names like Wonderful Pistachios, FIJI Water, POM Wonderful, JUSTIN Wine, Teleflora, Wonderful Seedless Lemons, and Wonderful Halos Citrus. We’re seeking a skilled and detail-oriented Real Estate Accounting Manager to play a crucial role in our Real Estate Accounting team. This role involves close collaboration with property managers, asset managers, and various stakeholders to ensure accurate financial reporting, compliance, continuous improvements.

The Real Estate Accounting Manager will oversee accounting operations for a stable commercial real estate portfolio and real estate development projects. This position is an excellent opportunity for growth within a collaborative, fast-paced, and entrepreneurial environment. The ideal candidate must be well-versed in both transactional and technical accounting, with a strong background in real estate management accounting, Yardi Voyager, and public accounting experience is a plus.

This is a full-time position based in our HQ Office in Los Angeles, reporting to the Director of Real Estate Accounting.

This position will be based at our West Los Angeles, CA office. We work a hybrid schedule with anin-office requirement Monday-Wednesday and the option to work remotely on Thursday and Friday.

Job Description

• Oversee the day-to-day operations of the real estate accounting department, ensuring accurate and timely recording of financial transactions for all properties in our portfolio.
• Read and interpret complex lease agreements to determine tenant chargebacks and ensure proper accounting treatment.
• Provide accounting support to Property Management, Real Estate Development, Corporate Accounting, Tax, Treasury, and other departments, ensuring clear and effective communication.
• Develop and maintain accounting policies and procedures in accordance with industry standards and regulatory requirements.
• Assist managing the monthly close process and review of quarterly and annual financial reporting packages, ensuring accuracy and completeness of the close and reporting deliverables.
• Prepare and review financials and other key modules for complex properties, ensuring details are thoroughly understood and accurate.
• Manage fixed asset accounting, including monitoring of construction in progress for property management and development, ensuring projects are capitalized on a timely basis.
• Coordinate with property managers, asset managers, and other stakeholders to ensure accurate and timely reporting of property financial results, with an emphasis on ensuring completeness and accuracy of accruals.
• Participate in the preparation of CAM budgets, tracking of actual CAM against the budgets communicated to tenants, and managing the annual CAM reconciliation process.
• Perform detailed reviews of accounting transactions, financial consolidation and intercompany eliminations, financial statements, and management reports across the Real Estate organization, ensuring accuracy, completeness, and proper financial statement classification of transactions.
• Assist with the preparation of transaction flow documents for 1031 exchanges, intercompany settlements, and intercompany distributions and contributions.
• Assist with the preparation of lender reporting packages, ensuring all are delivered on time and in full compliance with loan covenants and requirements.
• Support the preparation of annual budgets and forecasts, collaborating with cross-functional teams to develop realistic financial goals.
• Identify opportunities for process improvements and automation to enhance the efficiency and effectiveness of the department.
• Work closely with the Corporate Tax Department to complete tax deliverables such as quarterly estimated income taxes, income tax packages, and sales/use tax filings.
• Train, mentor, and develop real estate accounting team members, fostering a high-performance and collaborative culture.

Qualifications

• Bachelor’s degree in accounting or related field, CPA certification strongly preferred.
• Ability to read and interpret complex real estate lease agreements, evaluate chargeback opportunities, and ensure proper accounting treatment.
• 5-8 years of real estate accounting experience, with at least 2 years of prior people management experience.
• Strong public accounting background (Big 4 or mid-tier firm preferred), with experience auditing or preparing financial statements for real estate management or development clients
• Proficiency in Yardi Voyager across multiple modules (GL Manager, Cash Management, Budgeting, CAM, Administration, et cetera) is required.
• Experience in preparing financial reports for lenders, ensuring compliance with loan agreements and financial covenants.
• Strong knowledge of GAAP and real estate accounting principles, including CAM reconciliations, fixed assets, intercompany transactions, and 1031 exchanges.
• Demonstrated ability to manage multiple priorities and meet tight deadlines in a fast-paced environment.
• Strong analytical and problem-solving skills, with the ability to identify and implement process improvements.
• Advanced Excel skills required, experience in financial modeling and analysis is a plus.
• Results-oriented mindset with a consistent track record of meet demanding deadlines while prioritizing competing tasks.
• Excellent communication and interpersonal skills, with the ability to work collaboratively across departments.
• Proven ability to mentor and develop a team, fostering professional growth and accountability.

Pay Range: $135,000 - $145,000 and may include a discretionary bonus. Final compensation will be dependent upon skills & experience.

Additional Information

• Thriving Wellness Community: Access to top-notch medical coverage comprehensive vision and dental plans, and a 401k with match eligibility to secure your financial future and including:
  • 24/7 online physician consultations
  • virtual mental health resources
  • life coaching
  • engaging employee community groups
  • cash rewards for healthy habits and fitness reimbursements
  • library of on-demand fitness videos
• Career Advancement Opportunities: Unlock your potential with clear paths for career progression and internal mobility across our diverse family of brands and business units.
• Focused Learning and Development: Grow as a leader with our dedicated Learning and Organizational Development department, offering extensive resources like People Manager and leadership training, webinars, and eLearning courses.
• Empowering Mentorship Program: Connect with colleagues through our company-wide mentorship program to share goals, overcome challenges, and drive your career forward.
• Continuous Improvement Training: Participate in training that empowers all employees to learn and implement concepts that drive significant, positive change in the workplace.
• Building a Healthy Society: We focus on improving the social determinants of a healthy society-quality education and medical care, economic mobility, and a healthy environment-to help build thriving communities. Wonderful CSR
• Giving Back to the Community: Make a difference with Wonderful Giving , allowing you to allocate company-provided funds to up to three charities of your choice, and join Wonderful Neighbor to contribute to group service projects within our local communities.

Headquartered in Los Angeles, The Wonderful Company is a privately held $6 billion company dedicated to harvesting health around the world through its iconic consumer brands. The company’s 10,000 employees worldwide are committed to bringing consumers everywhere the freshest, most wholesome pistachios, citrus and pomegranates; bottling the finest water and wines; and creating colorful bouquets that are sure to touch the heart. This commitment is reflected in the company’s market share: Wonderful Pistachios is America’s No. 1 tree nut and America’s fastest-growing snack; Wonderful Halos is the No. 1 mandarin orange in America; POM Wonderful is the No. 1 100% pomegranate brand in America; FIJI Water is America’s No. 1 premium imported bottled water brand; JUSTIN Wine has the No. 1 Cabernet Sauvignon in California; and Teleflora is the world’s leading floral delivery service.

The Wonderful Company’s connection to consumers has health at its heart and giving back at its core. The company has a long-standing commitment to corporate social responsibility, including more than $1 billion invested in environmental sustainability; $65 million in charitable giving, education initiatives, and innovative health and wellness programs each year; and $143 million toward the construction of two charter school campuses in California’s Central Valley. To view the current Corporate Social Responsibility report, visit www.wonderful.com/csr.

To learn more about The Wonderful Company, its products and its core values, visit www.wonderful.com, or follow us on Facebook, Twitter and Instagram.

The Wonderful Company is an Equality Opportunity Employer that provides opportunities for advancement.We are committed to creating a diverse workforce that embodies a deep culture of acceptance, equity, and inclusion. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, age, protected veteran status, or other protected categories.