Property Accounting Manager

1 week ago

New York, New York, United States CBRE Full time
About the Role

We are seeking a highly skilled Property Controller to join our team at CBRE Investment Accounting & Reporting Solutions. As a Property Controller, you will play a critical role in coordinating financial reporting and analytical review of property owner entities.

Key Responsibilities
  • Produce financial reporting packages, including work-papers, and other required financial information and analytics for all property-related entities.
  • Work with client auditors for interim and year-end audits; draft annual audit reports.
  • Compile, analyze, and track financial data by performing detailed review of monthly property owner reports, including operating statement variance reports, aged receivables, aged payables, and capital expenditures variance to budget.
  • Support daily activities of cash management, including preparing monthly bank reconciliations, reviewing cash balances, preparing capital calls or loan draws, preparing distribution waterfalls, managing cash security deposits, and ensuring fees payable to management companies are accurately calculated and paid timely.
  • Review lease abstracts and lease recurring charge setup.
  • Troubleshoot issues and ensure requests are handled timely, accurately, and with a focus on customer service.
  • May support junior team members and provide technical guidance or training to others.
Requirements
  • Bachelor's degree in accounting or finance and 7+ years of accounting experience or an equivalent combination of education and experience is required.
  • Prior experience in real estate accounting and analytics is preferred.
  • Communicates clearly and concisely, with fluent written and verbal interpersonal skills.
  • Requires intermediate knowledge of Generally Accepted Accounting Principles (GAAP) and Financial Accounting Standards Board (FASB) regulations, including proven knowledge of financial terms and principles, including accounting methods: cash, accrual, fair value, and GAAP.
  • Knowledge of real estate terms, definitions, and real estate analytical methodology.
Why CBRE?

When you join CBRE, you will have the support and resources of a global firm where an entrepreneurial mentality is encouraged. You'll realize your potential with exciting work, fast-paced assignments, an environment of constant learning, and dedication to results. To enable your success, we provide the best tools, training, and leaders in the industry.

Our culture is built on our RISE values and reflects the needs and perspectives of our clients and our people. Our work is guided by our North Star: Crafting the real estate solutions of tomorrow, so businesses and people thrive.

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