What are the responsibilities and job description for the Senior Accountant - Real Estate position at Searchlogic Recruiting, LLC?
Position: Real Estate Development Accountant
The Senior Accountant will be responsible for the investment and partnership accounting activities for a
set of operational and development real estate investments.
Job Description:
• Complete financial close, maintain financial records and prepare monthly property
management, financial statements/ reports for owners, partners and investors.
• Maintain job costing for assigned development projects, review construction budgets, discuss
variances with construction management team.
• Review and analyze the capitalization of costs and ensure compliance with the policy by
managing the process for proper coding of construction invoices/payment applications and lien
releases for contractors, subcontractors, and vendor invoices.
• Prepare monthly loan draw package for CFO review, submit to lender, title company and
partners.
• Periodic loan compliance, if applicable.
• Calculate and prepare capital call or distributions to partners for CFO’s approval.
• Assist property management in the annual operating budget preparation and CAM
reconciliations.
• Provide asset management and development support of Company investments. Including the
coordination with Partners, third party property managers, leasing agents and legal counsel and
assisting with due diligence requests.
Real Estate Development Accountant Requirements:
• Undergraduate degree in accounting or related field required.
• Must have a minimum of 5 years’ experience in commercial real estate investment and
development
• Understanding of real estate fundamentals, partner capital structures, waterfall distributions
and IRRs preferred but can be taught
• Focus on details.
• Strong problem solving and analytical skills.
• Strong verbal and written communication skills.
• Proficiency in Microsoft Word and Excel; MRI and Yardi accounting software a plus
Amazing Company Culture to further develop your skills under seasoned career professionals on the Senior Management Team. Benefits are highly competitive.
Salary : $90,000 - $110,000
