Accounting Manager

Thalhimer•Short Pump, VA

About The Position

Oversee the monthly reporting process for assigned commercial and multifamily real estate properties, ensuring accurate and timely financial reporting, while managing the onboarding of new properties and the offboarding of exiting properties. This role involves leadership and mentorship of Property Accountants and Senior Property Accountants, collaboration with various Thalhimer teams, and a strong focus on client service and continuous improvement.

Requirements

BS Degree in Accounting
CPA preferred
Minimum seven years' work-related experience
Prior supervisory or review experience
Extensive accounting experience including financial statement reporting, bank reconciliations, and journal entries
GAAP reporting experience
Advanced Excel skills
Real estate experience
Demonstrated ability to review and mentor accounting staff

Nice To Haves

Experience managing property transitions (onboarding/offboarding) strongly preferred
MRI or Yardi experience a plus

Responsibilities

Review monthly financial statements and supporting schedules prepared by the accounting team for accuracy and completeness.
Review monthly bank reconciliations and mortgage escrow account reconciliations; resolve escalated or complex reconciling items.
Review journal entries, including accruals, depreciation, and amortization.
Review balance sheet reconciliations for assigned portfolios.
Review calculations of owner distributions and monthly management fees.
Oversee cash flow monitoring and accounts payable processes across the portfolio.
Support owners and accounting staff with year-end audit and tax reporting requirements.
Manage the onboarding of new properties, including coordination of historical data transfer, setup of new bank accounts and accounting system configuration, and transition of vendor accounts.
Partner with property management to ensure a smooth transition of financial responsibilities and reporting.
Manage the offboarding of exiting properties, including preparation of final financial statements, reconciliations, and closing packages, coordination of final distributions and settlements, and ensuring proper transfer or closure of accounts and vendor relationships.
Facilitate transition of records and financial history to the outgoing owner or new management company.
Train, support, and evaluate performance of accounting team members, including onboarding of new accounting hires.
Serve as an escalation point for complex accounting issues and client inquiries.
Assist with special projects as assigned.