Property Accounting

Job Description

Position Title : Property Accounting Real Estate - Immediate Joiners Only Location : Bangalore, Karnataka Shift: US Shift Only Employment Type : Full-time & WFO Role Overview The position focuses on managing financial records and reporting for real estate properties and REITs, ensuring compliance with accounting regulations, handling budgeting and forecasting, and collaborating with property managers for financial oversight. It requires expertise in property accounting, REIT-specific compliance, and advanced analytical skills. Key Responsibilities: Property Accounting: Maintain accurate and complete financial records for individual real estate properties. Prepare monthly, quarterly, and annual financial reports, including income statements, balance sheets, and cash flow statements. Record and reconcile all property-related financial transactions, such as rents, leases, and operating expenses. Manage accounts payable and receivable processes specific to real estate assets. REIT-Specific Accounting: Ensure compliance with REIT-specific accounting regulations and tax requirements. Assist in the preparation of financial statements and SEC filings, including 10-Ks and 10-Qs. Monitor and manage REIT compliance tests, such as income and asset tests. Budgeting & Forecasting: Collaborate with property managers to develop annual budgets and forecasts. Analyse budget variances and recommend cost-saving measures where necessary. Qualifications: Education: B achelors degree in accounting, Finance, or a related field. CPA certification is highly preferred. Experience: Minimum of 5 years in traditional real estate property accounting. Solid experience with REITs and a strong understanding of their unique accounting and compliance needs. Skills: Proficiency in accounting software (e.g., Yardi, MRI, or similar) and advanced Excel skills. Strong analytical and problem-solving abilities. Excellent organizational skills and attention to detail. Effective communication and teamwork capabilities. Working Conditions This position is primarily office-based, US shift hours, with flexibility required to meet deadlines or address urgent issues.