Real Estate Accountant

Lunds & Byerlys • Edina, MN

17h • $70,000 - $96,000 • Onsite

About The Position

Join Lunds & Byerlys as a Full-Time Real Estate Accountant. Here, your expertise in accounting will drive innovation and excellence, as you tackle challenges and collaborate with diverse professionals. With a competitive salary range of $70,000 to $96,000, your talents will be recognized and rewarded.
This is an onsite role, based in Edina, Minnesota.
If you are ready to elevate your career in a customer-centric environment rooted in integrity and teamwork, we invite you to apply today!
Our Commitment to You
Lunds & Byerlys is committed to taking care of the employees who take care of our customers. We are committed to creating work environments centered around the values of hospitality, teamwork, and opportunity. Lunds & Byerlys is committed to providing equal opportunities to all interested and qualified candidates. Our culture is based in teamwork, innovation, and respect. These words are not just tossed around. They are at the core of who we are as a Star Tribune Top Workplace 2019-2025.

This position is eligible for a comprehensive benefits package designed to support the physical, mental, and financial well-being of our team members. Our benefits include competitive medical, dental, and vision coverage, along with various health spending and savings accounts. We provide supplemental free on-demand healthcare and generous paid time off. Additionally, team members can take advantage of 401(k) matching and other value-added benefits focused on overall health and wellness.
JOB SUMMARY
This position oversees the real estate business general ledger, delivers insightful financial analysis, and communicates key financial results to drive strategic decision-making. Primary responsibilities include managing month-end close functions and processing accounts payable and receivable transactions, along with general accounting functions such as fixed assets, leases, and treasury. This role partners closely with management to ensure accurate financial reporting and support the preparation of annual budgets. In addition, this position plays a lead role in driving continuous improvement and implementing best practices for the real estate accounting team, including developing and maintaining procedures, policies, and internal controls.

Requirements

• Bachelor's degree in accounting, finance or business administration or equivalent experience
• Five or more years of relevant experience in accounting
• LFHI Competencies expected of all employees include: action oriented, customer focus, functional/technical skills, informing, and integrity and trust.
• A service-oriented individual with a high energy, positive and friendly demeanor
• Ability to respond to continually changing priorities and coordinate multiple projects
• Strong customer service, interpersonal, communication and problem-solving skills
• Ability to present quantitative information in a manner that facilitates rapid understanding of the key issues to audiences with varying degrees of financial acumen
• Must possess an inquisitive and curious mindset
• Sound judgment and decision-making abilities
• Excellent attention to detail and effective organizational skills
• Ability to follow through
• Project management skills
• Ability to learn new concepts, dealing with ambiguity, learning on the fly
• Ability to work effectively across all functional areas of the organization
• A motivated self-starter with the ability to balance working independently and being a collaborative team member
• Ability to respond to continually changing priorities and coordinate multiple projects
• Advanced Microsoft Office skills (Outlook, Excel, Word, Access, PowerPoint)
• Proficiency in Intuit QuickBooks
• Strong understanding of data structure and reporting tools
• Proficiency with financial accounting and general ledger systems and reporting systems
• Ability to maintain confidentiality
• Ability to read, write, speak, and comprehend English

Nice To Haves

• Experience in real estate accounting

Responsibilities

• Provide assistance to all Lunds & Byerlys team members modeling company customer service standards at all times
• Perform reconciliations of tenant expense accounts including common area maintenance, taxes, insurance, etc.; analyze changes and trends in expenses
• Ensure compliance with tax regulations, including property taxes and 1099 reporting
• Research and analyze depreciation methods to determine optimal asset allocation and depreciation expenses to maximize tax benefits, in collaboration with tax professionals
• Prepare and analyze monthly financial reports for all real estate entities; oversee the budgeting and forecasting process from end to end and develop recommendations to optimize financial performance
• Prepare cash flow projections as necessary to ensure cash availability in respective bank accounts and develop recommendations to optimize cash float, ensure compliance with lender obligations, and maximize invested cash.
• Manage the integration of new development projects into the existing reporting system
• Maintain and track construction in-progress projects to tie to project budgets
• Prepare variance reports including project development costs (budgeted versus actual), project income projections versus actual
• Prepare lender reports as required by loan documents
• Lead audit fieldwork for both operational and financial audits
• Review and verify that the detailed source documents are accurate to ensure data integrity and proper internal controls are followed
• Own and continuously evolve finance and accounting processing procedures by developing and implementing more efficient processes and internal controls that comply with legislation and established best practices
• Oversee general ledger system; including setup, maintenance and issue resolution
• Prepare and process accounts payable or accounts receivable checks, wire transfers, ACH payments
• Review lease agreements to ensure timely and accurate recognition of financial arrangements
• Review debt agreements to accurately maintain loan payment and amortization schedules
• Prepare month-end journal entries and reconcile accounts to the general ledger
• Perform the month-end closing process
• Collaborate effectively with internal business partners and third-party vendors on organizational projects that impact the department
• Research and respond to internal and external questions providing appropriate resolution in a timely, accurate and professional manner

Benefits

• competitive medical, dental, and vision coverage, along with various health spending and savings accounts
• supplemental free on-demand healthcare
• generous paid time off
• 401(k) matching
• other value-added benefits focused on overall health and wellness

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level