Real Estate Accounting & Portfolio Controller

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

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.