Accounting Manager - Real Estate

Accounting Manager – Real Estate

We are seeking an experienced Accounting Manager – Real Estate to oversee the financial operations for a portfolio of commercial properties across various funds and joint ventures. The Accounting Manager will ensure accurate reporting, compliance with lender and investor requirements, and effective collaboration with both internal departments and third-party property management teams. This position is ideal for a professional with strong commercial real estate accounting experience and a detail-oriented approach to managing complex portfolios.

Compensation & Benefits:

• Salary Range: $130,000 – $140,000 (commensurate with experience)
• Bonus: 15% annual bonus
• Benefits: Comprehensive package including healthcare, dental, vision, and 401(k)

Key Responsibilities:

• Oversee all aspects of property-level accounting for assigned commercial real estate assets
• Review and supervise third-party property accounting teams for accuracy in financial data, rent rolls, lease records, and cash management
• Manage the preparation and review of operating and tax escalation reconciliations, including expense caps, exclusions, and base year calculations
• Handle loan compliance functions, including mortgage payments, lender reporting, debt service coverage calculations, and loan or escrow draw requests
• Prepare unaudited and audited financial statements, ensuring accuracy in GAAP and tax-basis reporting with appropriate footnotes
• Manage joint venture accounting: capital calls, distributions, income allocations, and waterfall calculations
• Partner with the Acquisitions team during due diligence to review settlement statements, prorations, estoppels, and opening entries

Required Experience:

• 5+ years of property accounting experience, primarily in commercial real estate
• Background in funds and joint venture structures
• Experience leading or supporting year-end audits and preparing full financial statements and disclosures
• Strong understanding of loan compliance and financial covenant monitoring
• Proficient in tenant recoveries (CAM) and waterfall calculations
• Bachelor’s Degree in Accounting or Business

Nice-to-Have Experience:

• Background in public accounting with real estate clients
• Experience with fair value GAAP, tax accounting, or IFRS
• Familiarity with Taxable REIT Subsidiaries (TRS)
• Exposure to development or construction accounting
• Advanced Microsoft Excel, Word, and Outlook skills

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ProPivotal is an equal opportunity employer and considers qualified applicants for employment regardless of race, gender, gender identity, gender expression, age, color, religion, disability, veteran's status, sexual orientation, or any other protected factor.