To help their clients or employers, real estate accountants prepare financial records and reports for a variety of real estate transactions, which can include property sales, rentals, leases and time-sharing.
Reports may include items such as development expenses, operational costs and profits.
Develop revenue and expenditure cycle reports, lease abstracts, cash basis income statements and other budget-related items for real estate companies.
Provide investment analysis and planning for organizations seeking to acquire and develop property.
Coordinate appraisal, asset evaluation and capitalization activities.
Duties & Responsibilities:
Calculate management fees
Reconcile bank statements
Monitor parking receipts
Maintain and generate rent roll
Collections of past due rents
Preparation of monthly financials
Reconciliation of general ledger accounts
Operating expense reconciliations
Bill for property tax payments
The accountant works very closely as a partner with on-site property management personnel in achieving overall property management goals.
The accountant will be responsible for the full accounting cycle from generating tenant rent statements, to applying cash receipts, to issuing vendor checks and then complete preparation of a full set of financials and supporting schedules by specified deadlines.
The accountant is also responsible for cash management for the portfolio as well.
All financial statements and supporting schedules are customized to accommodate the needs of the client and/or property management.
Experience with investment companies, experience in public accounting and private accounting, being familiar with internal rate of return calculations
MBA in Finance
A BA/BS degree is required in accounting/finance or equivalent extensive accounting experience
At least 5 years of accounting experience with an accent on the real estate industry.
General Ledger Experience: Creating journal entries, establishing accruals, and actual preparation of financial statements
Experience in handling financial reporting for multiple entities is a plus
Able to quickly adapt to fast paced environment and learn
Interested candidates are invited to strictly email their cover letter and CV, clearly detailing their current remuneration and expectations to email@example.com before end of day 12 July 2012.
Only short listed candidates will be contacted