Commercial Real Estate Accounting Manager - NorthPoint Search Group

Job Title: Commercial Real Estate Accounting Manager
Location: Atlanta, GA

Job Summary:

The Commercial Real Estate Accounting Manager will be responsible for overseeing and managing all aspects of accounting for a portfolio of commercial real estate properties in Atlanta, GA. This includes reviewing and preparing complex financial calculations, ensuring compliance with GAAP, and providing guidance to a team of accountants. The role requires a deep understanding of commercial real estate, lease agreements, and accounting processes, as well as strong leadership abilities to mentor and manage the accounting team.

Key Responsibilities:

• Lease Accounting & Recovery Billings:

  • Review and oversee the calculations of estimated operating and tax expense recovery billings for new and amended leases.
  • Provide guidance and review support to Accountant/Senior Accountant on complex lease calculations.
  • Prepare recovery billings for very complex leases and properties when required.

• Expense Reconciliations:

  • Review operating and tax expense reconciliations (true-ups) as required by governing documents such as leases and management agreements.
  • Prepare reconciliations for very complex leases or properties as necessary.

• Compliance & Financial Reporting:

  • Ensure that financial records are accurately maintained in a timely manner and comply with GAAP or other applicable accounting standards.
  • Provide special oversight to accounting areas such as debt modifications, acquisitions/dispositions, and interest capitalization.
  • Conduct thorough reviews and analysis of the general ledger.

• Planning & Budgeting:

  • Assist in the preparation of annual plans, budgets, and projections for both properties and the company, providing oversight and guidance to accountants.
  • Review and approve schedules and reports prepared by the accounting team.

• Audit Coordination:

  • Coordinate with external, internal, and tenant auditors to provide necessary information.
  • Review or prepare audit materials for more complex accounting areas as needed.

• Financial Statement Review:

  • Review monthly and quarterly financial statements and prepare supporting schedules.
  • Collaborate closely with Property/Project Managers to ensure accurate financial reporting.

Requirements:

• Minimum of six years of professional accounting experience, with a strong focus on commercial real estate.
• Previous supervisory experience is required, with proven ability to lead and mentor a team.
• Commercial real estate experience is required, with strong familiarity in lease agreements, financial reporting, and reconciliations.
• CPA candidate preferred, but not required.
• Strong understanding of GAAP and accounting for complex real estate transactions.
• Exceptional organizational, analytical, and communication skills.

This job is located in Atlanta, GA.

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