Senior Real Estate Accountant
800 Newport Center Drive , Suite 700 Newport Beach, CA 92660 US
Job Description
Our Real Estate client in Newport Beach has expanded their domestic reach for new acquisitions and is finalizing a new fund. The Controller is looking to hire a Senior Accountant to backfill a newly promoted Manager! They look for individuals who are "career" focused abd coming out of public accounting (2-3 years in audit) or private industry property accounting.
- PROPERTY RESPONSIBILITIES:
- Perform month-end close procedures including bank reconciliations, monthly accruals, recurring and non-recurring journal entries
- Responsible for entering job cost budgets into MRI, contract review/ approval, and review of submitted documentation for completeness
- Prepare construction management fee calculations and maintain invoice support
- Prepare/review monthly GAAP financial statements and support schedules
- Prepare monthly Fair Value financial statements as applicable
- Review of third party property management monthly reporting packages
- Prepare/maintain monthly Preferred Return Calculation schedules
- Provide support to the property management group on monthly variance explanations
- Prepare monthly Cash Requirement Analysis for investors
- Prepare monthly loan draw packages to lenders
- Responsible for meeting monthly, quarterly, and annual lender reporting requirements
- Responsible for cash management
- Review of accounts payable for accuracy
- Review new loan documents and prepare abstracts
- Update investor/lender reporting matrix
- Initiate outgoing wires for debt service and investor distributions
- Update monthly Marketing Schedule
- Update quarterly Lease Commission Schedule
- Prepare quarterly/annual reporting packages for investors
- Assist with annual financial statement audits and interact with auditors on questions and information requests
- Other projects as assigned
- QUALIFICATIONS:
- B.S. / B.A. degree in Accounting/Finance
- 2-4 years post graduate experience in public accounting or property accounting (commercial or industrial)
- Experience working with MRI (General Ledger, Accounts Payable, CM, and Job Cost Modules) a plus
- Knowledge of joint venture accounting
- Must be able to consistently achieve high work standards; attention to detail, accuracy and timeliness
- Expected to work with minimal up-front guidance and take ownership of his/her work product
- Excellent organizational and time management skills in order to meet tight deadlines
- Excellent oral and written English skills
- Strong working knowledge of MS Office Software including MS Word, Excel and Outlook, along with a general aptitude for technology
- Must be comfortable working in a fast paced environment where continuous improvement is expected
- Good interpersonal skills and a positive attitude; a team player
Meet Your Recruiter
Kyle Sakata
Recruiting Manager
Born in Hollywood and raised in Los Angeles, Kyle was destined to be a star. When that did not work out, he did the next best thing and became a recruiter. After graduating from California State University, Long Beach with a bachelor’s degree in finance, Kyle began his professional career working in accounting as an Assistant Controller and Controller for several companies in the surf industry. After a number of years working in accounting, he became an entrepreneur and developed two successful coffee-house locations in Orange County where he was the CFO (and head barista).
In 2003 Kyle again shifted his career and became a financial recruiter in the Bay area with a large national staffing company where he was responsible for building successful recruiting teams. Kyle joined Alliance Resource Group in 2009 as a Recruiting Manager.
Kyle is a proud parent of two girls, Maya and Sage, whom are attending college in San Francisco, CA and Paris, France. In his spare time, Kyle loves to fire up the BBQ after a good surf session.
