Job Description

Job Title: Commercial Real Estate Accounting Manager
Location: Atlanta, GA
Job Summary:
The Commercial Real Estate Accounting Manager will be responsible for overseeing and managing all aspects of accounting for a portfolio of commercial real estate properties in Atlanta, GA. This includes reviewing and preparing complex financial calculations, ensuring compliance with GAAP, and providing guidance to a team of accountants. The role requires a deep understanding of commercial real estate, lease agreements, and accounting processes, as well as strong leadership abilities to mentor and manage the accounting team.
Key Responsibilities:
Lease Accounting & Recovery Billings:

• Review and oversee the calculations of estimated operating and tax expense recovery billings for new and amended leases.
• Provide guidance and review support to Accountant/Senior Accountant on complex lease calculations.
• Prepare recovery billings for very complex leases and properties when required.

Expense Reconciliations:

• Review operating and tax expense reconciliations (true-ups) as required by governing documents such as leases and management agreements.
• Prepare reconciliations for very complex leases or properties as necessary.

Compliance & Financial Reporting:

• Ensure that financial records are accurately maintained in a timely manner and comply with GAAP or other applicable accounting standards.
• Provide special oversight to accounting areas such as debt modifications, acquisitions/dispositions, and interest capitalization.
• Conduct thorough reviews and analysis of the general ledger.

Planning & Budgeting:

• Assist in the preparation of annual plans, budgets, and projections for both properties and the company, providing oversight and guidance to accountants.
• Review and approve schedules and reports prepared by the accounting team.

Audit Coordination:

• Coordinate with external, internal, and tenant auditors to provide necessary information.
• Review or prepare audit materials for more complex accounting areas as needed.

Financial Statement Review:

• Review monthly and quarterly financial statements and prepare supporting schedules.
• Collaborate closely with Property/Project Managers to ensure accurate financial reporting.

Requirements:

• Minimum of six years of professional accounting experience, with a strong focus on commercial real estate.
• Previous supervisory experience is required, with proven ability to lead and mentor a team.
• Commercial real estate experience is required, with strong familiarity in lease agreements, financial reporting, and reconciliations.
• CPA candidate preferred, but not required.
• Strong understanding of GAAP and accounting for complex real estate transactions.
• Exceptional organizational, analytical, and communication skills.

This job is located in Atlanta, GA.
Details
Location
Atlanta GA
Date Posted
9/25/2024

Skills Required