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Senior Commercial Real Estate Property and Investment Accountant

Bestco Solutions Miami, FL
  • Expired: 19 days ago. Applications are no longer accepted.

Newly Created position for a Commercial Real Estate Accountant for Miami based Commercial Real Estate Property and Investment Company

Our client, a Commercial Real Estate Property and Investment company located in downtown Miami, FL is seeking a Senior Commercial Property Accountant. This position reports to the Chief Financial Officer and the Owners of the company. Bilingual English/Spanish preferred. Must have Commercial Real Estate Property Accounting Experience and advanced working knowledge of MRI software.

The Commercial Real Estate Property Accountant must have the following skills and qualifications:

  • Bachelor’s degree in Accounting or related field
  • Min. 5 to-10+ years commercial real estate accounting experience,
  • 5-10 Years of Commercial Leasing Accounting experience in NNN leases and CAM Recs required for the role.
  • Detailed-oriented and highly accurate with a reconciliation centered correction of errors.
  • Ability to query, run reports and modify data in financial systems in MRI required
  • Intermediate to Advanced Excel skills required including pivot tables, macros and system integration tools used to import into Excel for data financial analytical purposes.
  • Knowledge and understanding of private equity and financial/banking services industry is helpful.
  • Heavy experience desired in accounting for commercial real estate assets preferred; including debt financing and interest accrual methodology, fair value accounting rules for SPV-fund accounting in a private equity, mortgage and/or public accounting firm.
  • Team player with ability to work effectively in a team environment.

The Commercial Real Estate Property Accountant will have the following Duties and Responsibilities:

  • Maintains commercial real estate fund accounting ledgers and prepares commercial property management reports and financial statements.
  • Commercial leasing accounting experience for both NNN and Gross leases with heavy emphasis on reconciliation of the general ledger balance sheet accounts to the tenant sub-ledgers based on lease agreements and related tenant rent rolls & CAM-rec charges including Landlord lease abstracts.
  • Agreements; read and understand partnership, trust and fund agreements, real estate purchase and sale agreements and bank and life-company loan agreements and debt covenants for compliance to ensure accuracy of fund equity and debt financial reporting.
  • Ensure cash and related transactions include cash projections, cash flow controls and establish processes and procedures for accurate reporting for the A/R and A/P staff.
  • Record all commercial loan funding, payments, escrow reserves, and loan settlement transactions. Prepare loan draws and gather support to coordination with property management teams.
  • Perform and review daily accounting functions for a variety of real estate investment types, including single-loans, loan portfolios, preferred equity, and operating real estate investments.
  • Manage monthly expense accruals, depreciation accruals and related cut-off accrual accounting procedures.
  • Monthly and quarterly commercial fund investor reporting, including any required reporting to Co-Investors Interface with operations to identify when hold/disposition assumptions have changed, and accretion adjustments are required to maintain fund accounting ledgers and sub-ledgers.
  • Identify and prepare consolidation/elimination journal entries with heavy emphasis on managing intercompany accounts and leveraged commercial portfolio accounting.
  • Private Equity; calculate capital calls, waterfalls, capital allocations, special allocations/pick-ups and distributions to ensure accuracy of financial reporting to investors and stakeholders.

Our client offers a highly competitive compensation and benefits package

Key Words: Miami, FL, Commercial Real Estate Investment, Commercial Real Estate Property Management, MRI, CAM, Loan financing, Cash and Accrual basis Accounting

Bestco Solutions


Miami, FL