Real Estate Accountant & Reporting Lead

Real Estate Accountant & Reporting Lead

Requirements

• Minimum of 5 years’ experience in investment accounting or in FP&A

Responsibilities

• Coordinate with the client’s third-party real estate management firm for various aspects of real estate operations, including lease administration, lease accounting, capital projects and real estate operating expenses for the company’s portfolio of occupied properties.
• Manage the relationship with the real estate management firm to oversee financial reporting for the client’s real estate.
• Ensure all real estate related general ledger accounts are reconciled periodically and any reconciling differences resolved promptly.
• Review real estate transactions, in consultation with the client’s accounting policy team as needed, to ensure accounting outcomes in line with US GAAP and company policies.
• Liaise with the real estate management team on financial assumptions for business cases.
• Support real estate occupancy annual budget process for Client, including ensuring real estate depreciation expense is properly loaded to the client’s system.
• Oversee Lease Accounting processes; determine proper accounting for all lease transactions, processing of the monthly lease accounting journal entries, provide year end GAAP and STAT reporting.
• Oversee the rent allocation process managed by the third-party real estate management firm.
• Engage with the client’s real estate and third-party teams to understand the pipeline of lease transactions and real estate capital projects to obtain general insights.
• Oversee fixed assets acquisitions, capitalization, dispositions, impairments, sales etc. to ensure proper accounting; consult with the client’s office of accounting policy as needed.
• Laise with client’s tax team to provide annual reporting for personal property tax reporting.
• Oversee quarterly and annual fixed assets reporting requirements.
• Provide inputs to annual depreciation budgets (and forecasts as needed) for all asset classes, including developing assumptions on acquisitions and dispositions.

Preferred Qualifications

• Bachelor’s degree with a major in a quantitative field e.g., Finance, Accounting, Math, Statistics advanced degree or CPA a plus
• Experience in accounting and reporting for investments.
• Experience in controllership or financial reporting role at a public company insurance sector experience a plus
• Strong knowledge of financial instruments, including fixed income and equity securities, loans, alternative investments, and more
• Knowledge of GAAP accounting pronouncements, US GAAP and US insurance statutory disclosure and reporting requirements for invested assets.