Senior Accountant – Real Estate Finance

Overview

• Manage financial operations and reporting for real estate finance activities, ensuring compliance with GAAP and ASC 842 standards.
• Analyze and reconcile subsidiary ledgers, including Accounts Payable and Rent Receivable, ensuring accuracy and completeness.
• Prepare and maintain schedules for prepaid expenses, deferred rent, and other accounts.
• Support month-end, quarter-end, and year-end close procedures, adhering to reporting deadlines.
• Assist with financial audits, preparing supporting schedules and documentation.
• Collaborate with stakeholders to prepare financial statements and reports for lenders and investors.
• Maintain lease accounting database and record lease-related journal entries.
• Monitor loan payable accounts and prepare debt schedules and rollforwards.
• Perform other accounting and financial reporting duties as assigned.

Key Responsibilities & Duties

• Record and reverse monthly accrual entries for affiliated entities.
• Reconcile tenant rental income and subsidy revenue to the general ledger.
• Prepare rollforwards for prepaid insurance and other assigned accounts.
• Analyze financial data and prepare journal entries for accurate transaction recording.
• Review general ledger transactions for eligible reserve and escrow drawdowns.
• Execute close procedures and ensure compliance with reporting deadlines.
• Support audits by preparing schedules and audit documentation.
• Prepare financial statements and trial balances for reporting requirements.
• Perform account reconciliations and maintain accurate financial records.

Job Requirements

• Bachelor’s degree in accounting, finance, or related field required.
• Minimum 5 years of experience in accounting; 8 years preferred.
• Proficiency in GAAP, ASC 842, and real estate finance transactions.
• Advanced Microsoft Excel skills; Yardi software experience preferred.
• Strong analytical and organizational skills with attention to detail.
• Ability to manage multiple priorities and meet deadlines independently.
• Experience supporting audits and preparing financial reports for stakeholders.
• Knowledge of affordable housing programs and nonprofit accounting is a plus.
• Excellent verbal and written communication skills.