Apply for this job now
Sr Real Estate Accountant
- Memphis, Tennessee
- Job Type
- 8 Sep 2022
Apply for this job now
Under minimal supervision, applies cash, accrual and full GAAP accounting principles to prepare, analyze, maintain and deliver complete and accurate financial reports for a highly complex or strategic portfolio of CBRE clients and properties.
ESSENTIAL DUTIES AND RESPONSIBILITIES
Completes and oversees advanced level accounting transactions in preparation of client financial statement packages. Creates and posts journal entries. Ensures that all expenses, receipts, owner's distributions, funding requests and other transactions for the accounting period have been accurately posted.
Generates and reviews financial packages for accuracy and comprehensive reporting. Prepares packages on a schedule to ensure timely delivery to the client and other management teams.
Adheres to Client Accounting Policies and Procedures (CAPP) to ensure internal and external reporting requirements are consistently met.
Reviews and audits funding and payment requests for accuracy, documentation and authorization in accordance with established operating procedures.
Responds to and resolves issues and requests from management teams and clients regarding various accounting issues and reports, including Profit and Loss statements. Researches open accounting issues and recognizes potential issues and/or conflicts so corrective action can intercept and minimize issues.
Creates or reviews complex property budgets and forecasting for assigned property portfolios. Participates in new property and client transitions, and client audit requests.
Communicates requests for additional services from clients and the field to senior management and understands the scope of accounting services for the properties in portfolio.
May oversee the completion of projects including independent preparation and review of CAM (Common Area Maintenance) reconciliations, purchase/sale proration, lease abstract analysis, property software setups, and opening/closing entry generations.
Coordinates work with other team members within single point-of-contact (SPOC) guidelines.
Performs other duties as assigned.
No formal supervisory responsibilities in this position. Provides informal assistance such as technical guidance, and/or training to coworkers. May coordinate and assign tasks to co-workers within a work unit and/or project.
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
EDUCATION and EXPERIENCE
Degree from a four-year college or university program with an emphasis in accounting, finance or related field required. In lieu of a degree from a four-year college or university, an associate degree plus 2 years college or related work experience, OR high school diploma plus four years of related work experience required.
Experience with real estate accounting software preferred.
CERTIFICATES and/or LICENSES
Excellent written and verbal communication skills. Strong organizational and analytical skills. Ability to provide efficient, timely, reliable and courteous service to customers. Ability to effectively present information.
Requires advanced knowledge of Generally Accepted Accounting Principles (GAAP) and Financial Accounting Standards Board (FASB) regulations including an advanced knowledge of financial terms and principles to include accounting methods (cash, accrual, and full GAAP). Ability to calculate intermediate figures such as percentages, discounts, and/or commissions. Conducts advanced financial analysis.
Ability to comprehend, analyze, and interpret complex documents. Ability to solve problems involving several options in situations. Requires advanced analytical and quantitative skills.
OTHER SKILLS and/or ABILITIES
Advanced knowledge of computer software and hardware (i.e. Microsoft Office Suite Products). Ability to work in multiple accounting software applications.
SCOPE OF RESPONSIBILITY
Decisions made with understanding of procedures, company policies, and business practices to achieve general results and deadlines. Responsible for setting work unit and/or project deadlines. Errors in judgment may cause short-term impact to department.
- Job Reference: 707247728-2
- Date Posted: 8 September 2022
- Recruiter: CBRE
- Location: Memphis, Tennessee
- Salary: On Application
- Sector: Real Estate & Property
- Job Type: Permanent