Company:
Michael Page
Location: Atlanta
Closing Date: 28/10/2024
Hours: Full Time
Type: Permanent
Job Requirements / Description
An Atlanta-based, full-service commercial real estate company specializing in various asset types.
Job Description
The Successful Applicant
What's on Offer
This role has a base salary ranging from $65,000 - $110,000 + bonus. Great company and team!
Contact
Tatiana Tate
Quote job ref
JN-092024-6534455
- Company is actively growing
- Competitive compensation
An Atlanta-based, full-service commercial real estate company specializing in various asset types.
Job Description
- Assist with weekly check run by ensuring cash is updated daily.
- Review and interpret lease agreements for proper recording of charges for rents, concessions, CAM charges, etc. and accounting for TI dollar allocations.
- Understand how to straight-line rent is calculated and maintain schedules for booking monthly.
- Analyze P&L impacts related to fixed asset schedules while producing fixed asset records for new additions and calculating/tracking accumulated depreciation.
- Transfer of construction in progress to fixed assets.
- Maintain joint venture partners' capital/equity accounts. Understand the structure and accounting impact of joint ventures.
- Compare monthly actual results to budget and prepare variance analysis explaining material differences.
- Accounting for property sales and review of related settlement statements.
- Transition properties under development into operations including onboarding of Third-Party Managers
- Apply generally accepted accounting principles and tax basis (modified accrual basis) of accounting principles within the required reporting time frames set by investors and lenders for a portfolio of three to five real estate structures.
- Preparation of timely and accurate month end balance sheet, income statement and cash flow statement that reconcile and balance with the general ledger detail.
- Ensuring accurate and timely recording of monthly transactions through the preparation and recording of journal entries.
- Perform monthly account reconciliations for all the balance sheet accounts.
- Prepare bank reconciliations for multiple checking accounts and reconcile said accounts to the general ledger.
- Timely processing of debt service, real estate tax, insurance, and other payments.
- Provides accounting support for mergers and acquisitions by reviewing financial information; converting data to general ledger system; obtaining supplementary information for preparing financial statements.
- Work with Asset Management, Property Management, and Accounting in the annual budgeting process and monthly budget reforecast including items related to capital planning and distribution scheduling.
- Prepare ad-hoc reports and/or analysis as requested by the Corporate team and other departments especially as it relates to cash timings for distributions and board presentation data.
- Assist asset managers with the financial reporting process and serve as a day-to-day point of contact for lenders, investors, and other internal and external stakeholders.
- Assist asset management with financial analysis including cash flow forecasting, refinancing, and partner buyouts.
- Assist Auditors and Tax preparers with annual audit and tax preparation for operating entities, including fulfillment of requested PBC lists, answering questions, and providing information, as necessary.
- Prepares interim and annual audit documents by gathering and analyzing information from the general ledger system and from departments.
- Perform other accounting, financial, or administrative tasks as may be required from time to time on short notice.
The Successful Applicant
- A bachelor's degree or advanced degree in Accounting or Finance is preferred
- A minimum of 2+ years of accounting experience with an understanding of real estate property accounting required
- CPA preferred but not required; relevant experience may substitute for the certification.
- Working knowledge of Yardi preferred
- Strong computer skills, including intermediate use of Excel, Word, Outlook, and Teams.
- Work requires continual attention to detail and meeting deadlines
- Must be able to work in a fast-paced environment with demonstrated ability to deal with multiple competing tasks and demands
What's on Offer
This role has a base salary ranging from $65,000 - $110,000 + bonus. Great company and team!
Contact
Tatiana Tate
Quote job ref
JN-092024-6534455
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Michael Page