Real Estate Accounting Manager

Vaco Recruiter Services; Red Bank (NJ); On-site; USD 85,000 - 110,000; Full time

Job summary

Vaco/Highspring is seeking an experienced Accounting Manager to lead the monthly close for a diversified commercial real estate portfolio. You will partner with Asset Management, Property Management, and leadership to deliver accurate financial reporting and strategic insights.

The role involves coordinating with lenders, preparing investor reports, and guiding a talented outsourced accounting team to ensure compliance and timely deliverables.

Qualifications

• Bachelor’s degree in Accounting or Finance.
• 5+ years of property accounting or commercial real estate accounting experience.
• Strong understanding of financial reporting, account reconciliations, month-end close, and property accounting.
• Experience working with CRE portfolios, leases, CAM reconciliations, and lender reporting.
• Proficiency with Yardi or another CRE/PM ERP system.
• Advanced Microsoft Excel skills with proficiency in Microsoft Office applications.
• Strong organizational, analytical, and problem-solving skills.
• Excellent communication across departments and with external stakeholders.
• Ability to manage multiple priorities in a fast-paced environment.

Responsibilities

• Oversee the monthly close process for an assigned portfolio of commercial real estate properties and related entities, ensuring accuracy and timely financial reporting.
• Review monthly operating reports and financial statements prepared by an outsourced accounting team.
• Prepare lender and investor reporting packages while monitoring compliance with loan covenants and reporting requirements.
• Coordinate construction draw requests and supporting documentation while serving as the primary liaison with lenders throughout the funding process.
• Monitor and oversee cash management, accounts payable, accounts receivable, and overall financial activity for assigned properties.
• Serve as a primary point of contact for tenant and vendor accounting inquiries.
• Participate in the annual budgeting and forecasting process, including preparation of required financial schedules.
• Partner with Asset Management, Property Management, and executive leadership on financial analysis and operational initiatives.
• Coordinate year-end audit and tax preparation with external auditors and tax advisors, including preparation of supporting schedules.
• Manage the relationship with the outsourced accounting provider, ensuring timely completion of deliverables and maintaining quality standards.
• Review draft financial statements and tax returns prior to final approval.
• Review CAM reconciliations and respond to tenant inquiries as needed.
• Ensure compliance with applicable accounting standards, internal policies, lender requirements, and regulatory guidelines.
• Support additional accounting and finance projects as assigned by executive leadership.

Skills

Financial reporting

Month-end close

Account reconciliations

Analytical skills

Communication

Attention to detail

Education

Bachelor's degree in Accounting or Finance

Tools

Yardi

Job description

Our client, a growing commercial real estate investment and development company, is seeking an experienced Accounting Manager to join their finance team. This is an excellent opportunity for a property accounting professional looking to play a key role in managing the financial operations of a diverse real estate portfolio while partnering closely with executive leadership, Asset Management, Property Management, lenders, and external partners. The ideal candidate is detail-oriented, hands-on, and thrives in a collaborative environment with the ability to manage multiple priorities and meet deadlines. Responsibilities

• Oversee the monthly close process for an assigned portfolio of commercial real estate properties and related entities, ensuring accuracy and timely financial reporting.
• Review monthly operating reports and financial statements prepared by an outsourced accounting team.
• Prepare lender and investor reporting packages while monitoring compliance with loan covenants and reporting requirements.
• Coordinate construction draw requests and supporting documentation while serving as the primary liaison with lenders throughout the funding process.
• Monitor and oversee cash management, accounts payable, accounts receivable, and overall financial activity for assigned properties.
• Serve as a primary point of contact for tenant and vendor accounting inquiries.
• Participate in the annual budgeting and forecasting process, including preparation of required financial schedules.
• Partner closely with Asset Management, Property Management, and executive leadership on financial analysis and operational initiatives.
• Coordinate year-end audit and tax preparation with external auditors and tax advisors, including preparation of supporting schedules.
• Manage the relationship with the outsourced accounting provider, ensuring timely completion of deliverables and maintaining quality standards.
• Review draft financial statements and tax returns prior to final approval.
• Review Common Area Maintenance (CAM) reconciliations and respond to tenant inquiries as needed.
• Ensure compliance with applicable accounting standards, internal policies, lender requirements, and regulatory guidelines.
• Support additional accounting and finance projects as assigned by executive leadership.

Qualifications

• Bachelor\'s degree in Accounting or Finance.
• 5+ years of property accounting or commercial real estate accounting experience.
• Strong understanding of financial reporting, account reconciliations, month-end close, and property accounting.
• Experience working with commercial real estate portfolios, leases, CAM reconciliations, and lender reporting.
• Proficiency with Yardi or another commercial real estate/property management ERP system.
• Advanced Microsoft Excel skills with proficiency in Microsoft Office applications.
• Strong organizational, analytical, and problem-solving skills.
• Excellent communication skills with the ability to interact effectively across departments and with external stakeholders.
• Ability to manage multiple priorities in a fast-paced environment while maintaining exceptional attention to detail.

Preferred Experience

• Commercial real estate investment or property management experience.
• Experience managing or reviewing work performed by an outsourced accounting team.
• Familiarity with construction draws and lender reporting.
• Experience preparing annual budgets and coordinating year-end audit and tax processes.

Determining compensation for this role (and others) at Vaco/Highspring depends upon a wide array of factors including but not limited to the individual’s skill sets, experience and training, licensure and certifications, office location and other geographic considerations, as well as other business and organizational needs. With that said, as required by local law in geographies that require salary range disclosure, Vaco/Highspring notes the salary range for the role is noted in this job posting. The individual may also be eligible for discretionary bonuses, and can participate in medical, dental, and vision benefits as well as the company’s 401(k) retirement plan. Additional disclaimer: Unless otherwise noted in the job description, the position Vaco/Highspring is filing for is occupied. Please note, however, that Vaco/Highspring is regularly asked to provide talent to other organizations. By submitting to this position, you are agreeing to be included in our talent pool for future hiring for similarly qualified positions. Submissions to this position are subject to the use of AI to perform preliminary candidate screenings, focused on ensuring minimum job requirements noted in the position are satisfied. Further assessment of candidates beyond this initial phase within Vaco/Highspring will be otherwise assessed by recruiters and hiring managers. Vaco/Highspring does not have knowledge of the tools used by its clients in making final hiring decisions and cannot opine on their use of AI products.