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Real Estate Accountant

Job Type: Direct Hire
Work Type: Hybrid
Location: Atlanta, Georgia
Job Id: #3081

Real Estate Accountant with a rapidly-growing diversified real estate company.

Summary
The Real Estate Accountant will report to the Accounting Manager and the role will entail a mix of accounting, management reporting, operations support and FP&A.  The employees of this company enjoy an outstanding quality of life in a family friendly environment.

Responsibilities

  • Set up construction budgets for new projects in Yardi accounting software.
  • Maintain non-financial tracking information for development projects in Yardi.
  • Record acquisition of new land estates, including earnest money deposits.
  • Maintain development reports on a monthly basis, work with construction/development manager to ensure development reports are updated monthly.
  • Review monthly tenant rent charges and record partial period rent payments if needed.
  • Prepare deferred rent schedules for new leases and set-up recurring entries in Yardi.
  • Prepare annual operating expense reconciliations (CAM reconciliations).
  • Update fixed asset system quarterly for asset additions and reconcile to general ledger.
  • Perform month-end close procedures, including a detailed review of trial balance, income statement, balance sheet, general ledger, budget variances, development report, accounts payable and accounts receivable.
  • Work with property managers to identify and analyze variances and prepare reports for operating properties.
  • Prepare monthly joint venture reporting package, including financial reports and budget variance explanations.
  • Calculate and record monthly net income allocation to joint venture partners.
  • Assist in preparing annual business plan and building-level operating budgets.

Requirements – Real Estate Accountant

  • Bachelor's degree or higher in accounting.
  • 2+ years of experience in development/job cost accounting or real estate accounting required.
  • Experience with Yardi.
  • General ledger experience and knowledge of US GAAP required.

 

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