Senior Real Estate Accountant - Atlanta, GA

Perform accounting and reporting functions related to the development and operation of real estate for
assigned properties and joint ventures; assist Accounting Manager with regional reporting, training of stafflevel
accountants, and other projects as needed

Supervision
Reports to: Accounting Manager

General Qualifications Required
Education: Bachelor’s degree in accounting or finance preferred or additional real estate accounting experience
Licensing: None required, CPA or CPA candidate a plus

Experience

• Minimum of 4 years advanced accounting experience required
• Real estate accounting experience preferred
• Intermediate Proficiency in Excel
• Experience with Yardi preferred

Skills/Behaviors

• Effective oral and written communication skills
• Strong organizational skills with ability to prioritize
• Ability to handle multiple tasks while meeting strict deadlines
• Strong analytical problem-solving skills
• Detail and team orientation

Major Areas of Responsibility:

Development
Responsible for development portfolio of multiple regions. Work with regional construction managers to ensure that all costs are tracked in Yardi, reconciled to contract, and paid timely

• Review constructions budgets, budget revisions, and work with construction managers on variances
• Work with construction/development manager to ensure development reports are updated monthly; review monthly development fee calculation prepared by staff
• Track real estate in Yardi through progression from land to development and stabilization
• Track all costs in Yardi subledger through job codes and categories
• Review closing statements; prepare and record the purchase/sale entry for acquisitions or dispositions
• Review monthly capital expenditure accruals
• Review capitalization calculations on all projects in development
• Supervise and review staff accountants’ properties, training of staff accountant on developmental process

Operations

• Review and post journal entries, receipts and charges
• Monitor A/R and communicate potential A/R issues to management team
• Review CAM reconciliations for current and past tenants
• Review quarterly straight-line rent reconciliations for assigned regions and joint ventures
• Review month-end close packages: review of trial balance, income statement, balance sheet, general ledger, budget variances, development report, accounts receivable, accounts payable, and other balance sheet accounts
• Review all property level accruals
• Review the calculation of management fees
• Review monthly bank reconciliations
• Supervise and review staff accountants’ properties, training of staff accountant on operating process and procedures
• Working with Property Managers, regional teams, external advisors, tax team and FP&A team to verify proper accounting of transactions

Joint Venture Reporting, if applicable

• Review all reporting requirements for joint ventures as assigned, including management packages and other reports as requested
• Prepare contributions, distributions and net income allocation for assigned joint ventures
• Review joint venture elimination entries monthly if applicable
• Review depreciation calculations prepared by staff accountants
• Review all fees including but not limited to, development fees, management fees, financing fees, budget savings fees and administrative fees.

Support Functions

• Assist with preparation of audit schedules and work with external auditors as necessary
• Participate in the preparation of the annual business plan
• Review tenant rent letters prepared by staff accountants
• Prepare assigned month -end reconciliation schedules following the completion of property close.

Misc.

• Other duties as assigned