Investment Accountant I - Real Estate
About The Position
Investment Accountant I The Reporting & Investment Accountant I helps to ensure that investment accounting policies and procedures are correctly applied to financial transactions. Working under close supervision as an entry-level position, this job works with asset management, portfolio management, valuations, and third party property management teams, and assists with preparing month end entries, closing reports and financial analytics. Key Responsibilities and Duties Responsible for accounting analysis of various real estate holdings. Identifies, analyses and resolves variances generated by the reconciliation process. Preparation of monthly journal entries and account reconciliations, including valuation adjustments for appraisals. Review of monthly reporting packages received from the property management company, including, but not limited to, communication with property management company accountants, performing analytics, raising issues found to management, etc. Supplying property information to valuations team each month for quarterly appraisals. Monthly/quarterly accounting responsibilities including, but not limited to, communication with property management company accountants, preparation of journal entries, preparation of account reconciliations, property workpapers, investor distributions, management fee calculations, etc. Close interaction with internal and external business partners, including auditors and tax preparers. Liaises with external auditors for the timely completion of audit procedures and the issuance of audited financial statements.
Requirements
- No Experience Required
- University (Degree), Preferred
- Physical Requirements: Sedentary Work
Nice To Haves
- Solid knowledge and understanding of GAAP
- 1-2 years of previous experience in an accounting role
- Previous Real estate experience
- BS/BA in accounting or finance
- Proficiency in Excel, Word and PowerPoint
- Previous Experience with Adobe and/or Yardi
- Excellent technical research, communication and writing skills
- Ability to work in a deadline driven environment
- Ability to multi-task
Responsibilities
- Responsible for accounting analysis of various real estate holdings.
- Identifies, analyses and resolves variances generated by the reconciliation process.
- Preparation of monthly journal entries and account reconciliations, including valuation adjustments for appraisals.
- Review of monthly reporting packages received from the property management company, including, but not limited to, communication with property management company accountants, performing analytics, raising issues found to management, etc.
- Supplying property information to valuations team each month for quarterly appraisals.
- Monthly/quarterly accounting responsibilities including, but not limited to, communication with property management company accountants, preparation of journal entries, preparation of account reconciliations, property workpapers, investor distributions, management fee calculations, etc.
- Close interaction with internal and external business partners, including auditors and tax preparers.
- Liaises with external auditors for the timely completion of audit procedures and the issuance of audited financial statements.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Number of Employees
5,001-10,000 employees
