Senior Real Estate Investment Accountant

Forge Search; Greenville, Spartanburg, Anderson (SC, SC, IN); Remote; USD 70,000 - 110,000; Full time

Job summary

An established industry player is looking for a Senior Real Estate Investment Accountant to bridge the gap between real estate and corporate accounting. This exciting role offers the chance to oversee financial reporting, ensuring accuracy and compliance while collaborating with external property management teams. With remote flexibility and a focus on professional growth, this position allows you to make a significant impact on the company's success. If you have a strong background in property accounting and are eager to contribute to a reputable firm, this is the perfect opportunity for you.

Qualifications

• 8+ years of experience in property or real estate accounting.
• Proficiency in GAAP and financial reporting principles.

Responsibilities

• Oversee financial reporting from property managers ensuring compliance.
• Monitor collections and assess third-party managers' efficacy.

Skills

Property Accounting

Real Estate Accounting

Financial Reporting

Excel

PowerPoint

GAAP

Communication Skills

Organizational Skills

Education

Bachelor's degree in Accounting

CPA

Tools

Power BI

Job description

Direct message the job poster from Forge Search

Senior Recruiter at Forge Search || Placing top talent within Accounting & Finance

We are seeking a Senior Real Estate Investment Accountant to join a leading, reputable firm in Greenville, SC. This newly created role bridges the real estate and corporate accounting teams, offering a unique opportunity to contribute directly to the company's growth.

In this role, you will oversee financial reporting from third-party property managers and partners, ensuring the accuracy and performance evaluation of a diverse property portfolio. Acting as the primary accounting liaison, you will collaborate with external property management teams and partners while gaining valuable visibility with executive leadership.

A strong background in property or real estate accounting is essential for success. This role offers remote flexibility with a need for the individual to be within driving distance to Greenville, SC (~300 mile radius).

Essential Duties & Functions

• Oversee timely and accurate financial reporting from third-party property managers, ensuring compliance with company accounting standards. Act as the primary accounting liaison with management and partners.
• Review monthly financial statements prepared by third-party property managers including actual vs. budgeted performance to ensure completeness and accuracy with focus on areas.
• Create consistent and timely communication lines with the accounting teams, providing routine updates on outstanding issues and path to resolution.
• Monitor collections, stay abreast of delinquency drivers, and work with team in assessing efficacy of third-party managers’ collection efforts.
• Track capex spending against budget across the stabilized portfolio.
• Track financial loan covenants by maintaining a dashboard of covenant conditions, test dates, and measurement periods.
• Aggregate data for analysis, including quarterly forecasting and annual budgeting review, hold sell analysis, expense benchmarking, and portfolio-wide reporting.
• Assist with due diligence coordination for acquisitions and dispositions, manage closing and post-closing prorations with the corporate accounting team.
• Assist with accounting transition for any change in third-party property managers.
• Verify accuracy of annual expense recovery reconciliations at properties with triple net leases.
• Review prospective tenant credit for retail and industrial assets on an as-needed basis.
• Lead or participate in special projects as assigned.

Qualifications

• Bachelor’s degree in Accounting; CPA preferred, but not required.
• Minimum of 8 years of related experience in property accounting or real estate accounting.
• Demonstrated proficiency in Excel and PowerPoint. Power BI experience a plus.
• Strong understanding of GAAP and financial reporting principles.
• Strong communication and organizational skills.
• Proven ability to read and draw conclusions from financial reports including the Income Statement, Balance Sheet, and Statement of Cash Flows.
• Ability to define problems, research and establish facts, and outline draft solutions for discussion.

For confidential consideration, please email [e-mail] or apply directly.

Seniority level

• Associate

Employment type

• Full-time

Job function

• Accounting/Auditing and Analyst
• Industries: Real Estate and Investment Management