Commercial Real Estate Accounting Manager

JOB FUNCTION: Finance & Accounting
JOB TYPE: Direct Hire
LOCATION: Boston, MA
COMPENSATION: $90k - $120k
REMOTE / ONSITE: Hybrid
POSTED: Jan 20, 2023

Our client, a tenant-focused private real estate investment firm with a 75-year legacy of successful real estate development, ownership, and management is looking for an Commercial Real Estate Accounting Manager to join the team.

Salary/Hourly Rate:

$90k – $120k plus Bonus

Position Overview:

Our client is responsible for a portfolio of commercial properties, owned by various Funds and Joint Ventures, and meeting lender, tax, and investor requirements. The Accounting Manager will work hand-in-hand with our 3rd party property teams who manage day-to-day accounting operations using our accounting platform (MRI). The Accounting Manager will work closely with other members of Accounting, and also with the Acquisitions, Asset Management, Tax, and Finance teams.

Responsibilities of the Commercial Real Estate Accounting Manager:

  • Maintain accuracy of property rent rolls, financial reports, budgets, and re-projections.
  • Manage 3rd party accounting managers.
  • Review 3rd party property management monthly reports and check registers, annual budgets, quarterly re-projections,
    annual escalation true-ups, and acquisition/sale closing statements.
  • Prepare GAAP, Fair Value, and Tax acquisition/sale general ledger close.
  • Generate financial reports and perform financial analysis as required.
  • Participate in the due diligence process and review financial due diligence.
  • Transition properties to 3rd party property managers, train 3rd party accounting managers on Beacon financial reporting, budget, re-projection, and MRI standards.
  • Follow up with sellers/buyers on outstanding issues.
  • Establish and document accounting procedures and financial reporting requirements.
  • Provide support to 3rd party MRI users.
  • Review problems with MRI projects, implement enhancements, etc.

Qualifications of the Commercial Real Estate Accounting Manager:

  • Able to work independently and communicate effectively with senior management and business associates.
  • Proficient in financial software systems applications.
  • Proficient in Microsoft Windows software programs.
  • MRI experience is a plus.
  • Experience in real estate or REIT is highly desirable.
  • Experience using document management software is highly
    desirable.
  • 5 years of Accounting experience
  • Experience in using legal database software.

Education Requirements:

  • Bachelor’s degree in Accounting or Business.

Benefits:

  • Health.
  • Dental.
  • Vision.
  • Life insurance.
  • 401K.
  • Paid time off plus other employee incentives.
As a woman-owned firm, we value diversity. We are an equal opportunity and affirmative action employer and will consider all applications without regard to race, sex (including gender, pregnancy, sexual orientation and gender identity), age, color, religion or creed, national origin or ancestry, veteran status, disability (physical or mental), genetic information, citizenship or any other characteristic protected by law. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request an accommodation.
EOE/M/F/D/V/SO
Position ID: 117811