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Commercial Real Estate Accounting Manager
2 weeks ago
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.
- 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.
