The Wonderful Company
Accounting Manager, Real Estate
The Wonderful Company, Los Angeles, California, United States, 90079
Overview
Be among the first 25 applicants The Wonderful Company is seeking a skilled and detail-oriented Real Estate Accounting Manager to join our Real Estate Accounting team. This role involves close collaboration with property managers, asset managers, and various stakeholders to ensure accurate financial reporting, compliance, and continuous improvements. The Real Estate Accounting Manager will oversee accounting operations for a stable commercial real estate portfolio and real estate development projects. This is a full-time position based in our HQ Office in Los Angeles, with a hybrid schedule (in-office Monday-Wednesday; remote option Thursday and Friday). The ideal candidate
must be well-versed in both transactional and technical accounting, with a strong background in real estate management accounting; public accounting experience is a plus. Responsibilities
Oversee the day-to-day operations of the real estate accounting department, ensuring accurate and timely recording of financial transactions for all properties in our portfolio. Read and interpret complex lease agreements to determine tenant chargebacks and ensure proper accounting treatment. Provide accounting support to Property Management, Real Estate Development, Corporate Accounting, Tax, Treasury, and other departments, ensuring clear and effective communication. Develop and maintain accounting policies and procedures in accordance with industry standards and regulatory requirements. Assist managing the monthly close process and review of quarterly and annual financial reporting packages, ensuring accuracy and completeness of the close and reporting deliverables. Prepare and review financials and other key modules for complex properties, ensuring details are thoroughly understood and accurate. Manage fixed asset accounting, including monitoring of construction in progress for property management and development, ensuring projects are capitalized on a timely basis. Coordinate with property managers, asset managers, and other stakeholders to ensure accurate and timely reporting of property financial results, with an emphasis on completing accruals accurately. Participate in the preparation of CAM budgets, track actual CAM against budgets communicated to tenants, and manage the annual CAM reconciliation process. Perform detailed reviews of accounting transactions, financial consolidation and intercompany eliminations, financial statements, and management reports across the Real Estate organization, ensuring accuracy and proper classification. Assist with the preparation of transaction flow documents for 1031 exchanges, intercompany settlements, and intercompany distributions and contributions. Assist with the preparation of lender reporting packages, ensuring timely delivery and compliance with loan covenants and requirements. Support the preparation of annual budgets and forecasts, collaborating with cross-functional teams to develop realistic financial goals. Identify opportunities for process improvements and automation to enhance efficiency and effectiveness. Work closely with the Corporate Tax Department to complete tax deliverables (quarterly estimated income taxes, income tax packages, and sales/use tax filings). Train, mentor, and develop real estate accounting team members, fostering a high-performance and collaborative culture. Qualifications
Bachelor’s degree in accounting or related field; CPA certification strongly preferred. Ability to read and interpret complex real estate lease agreements and evaluate chargeback opportunities. 5-8 years of real estate accounting experience, with at least 2 years of people management experience. Strong public accounting background (Big 4 or mid-tier preferred), with experience auditing or preparing financial statements for real estate management or development clients. Proficiency in Yardi Voyager across multiple modules is preferred but not required; experience with other Real Estate software is acceptable. Experience in preparing financial reports for lenders and ensuring compliance with loan covenants. Strong knowledge of GAAP and real estate accounting principles, including CAM reconciliations, fixed assets, intercompany transactions, and 1031 exchanges. Demonstrated ability to manage multiple priorities and meet tight deadlines in a fast-paced environment. Strong analytical and problem-solving skills; ability to implement process improvements. Advanced Excel skills; experience in financial modeling and analysis is a plus. Results-oriented with a track record of meeting demanding deadlines while prioritizing tasks. Excellent communication and interpersonal skills; able to work across departments. Proven ability to mentor and develop a team. Compensation & Benefits
Pay Range: $135,000 - $145,000 and may include a discretionary bonus. Final compensation will be dependent upon skills & experience. Additional Information
Thriving Wellness Community: Comprehensive medical, vision, and dental plans; 401k with match; benefits include 24/7 online physician consultations, virtual mental health resources, life coaching, employee community groups, fitness reimbursements, and on-demand fitness videos. Career Advancement Opportunities: Clear paths for career progression and internal mobility across our brands and business units. Focused Learning & Development: Leadership training, webinars, and eLearning courses. Mentorship Program: Company-wide mentorship opportunities. Continuous Improvement Training: Training to drive positive workplace change. Corporate Social Responsibility: Commitment to health, education, and community initiatives. Giving Back: Wonderful Giving and Wonderful Neighbor programs for charitable giving and community service. Headquartered in Los Angeles, The Wonderful Company is a privately held $6 billion company with approximately 10,000 employees. Our brands include Wonderful Pistachios, FIJI Water, POM Wonderful, JUSTIN Wine, Teleflora, and more. We are an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, age, protected veteran status, or other protected categories. EEO is the law.
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Be among the first 25 applicants The Wonderful Company is seeking a skilled and detail-oriented Real Estate Accounting Manager to join our Real Estate Accounting team. This role involves close collaboration with property managers, asset managers, and various stakeholders to ensure accurate financial reporting, compliance, and continuous improvements. The Real Estate Accounting Manager will oversee accounting operations for a stable commercial real estate portfolio and real estate development projects. This is a full-time position based in our HQ Office in Los Angeles, with a hybrid schedule (in-office Monday-Wednesday; remote option Thursday and Friday). The ideal candidate
must be well-versed in both transactional and technical accounting, with a strong background in real estate management accounting; public accounting experience is a plus. Responsibilities
Oversee the day-to-day operations of the real estate accounting department, ensuring accurate and timely recording of financial transactions for all properties in our portfolio. Read and interpret complex lease agreements to determine tenant chargebacks and ensure proper accounting treatment. Provide accounting support to Property Management, Real Estate Development, Corporate Accounting, Tax, Treasury, and other departments, ensuring clear and effective communication. Develop and maintain accounting policies and procedures in accordance with industry standards and regulatory requirements. Assist managing the monthly close process and review of quarterly and annual financial reporting packages, ensuring accuracy and completeness of the close and reporting deliverables. Prepare and review financials and other key modules for complex properties, ensuring details are thoroughly understood and accurate. Manage fixed asset accounting, including monitoring of construction in progress for property management and development, ensuring projects are capitalized on a timely basis. Coordinate with property managers, asset managers, and other stakeholders to ensure accurate and timely reporting of property financial results, with an emphasis on completing accruals accurately. Participate in the preparation of CAM budgets, track actual CAM against budgets communicated to tenants, and manage the annual CAM reconciliation process. Perform detailed reviews of accounting transactions, financial consolidation and intercompany eliminations, financial statements, and management reports across the Real Estate organization, ensuring accuracy and proper classification. Assist with the preparation of transaction flow documents for 1031 exchanges, intercompany settlements, and intercompany distributions and contributions. Assist with the preparation of lender reporting packages, ensuring timely delivery and compliance with loan covenants and requirements. Support the preparation of annual budgets and forecasts, collaborating with cross-functional teams to develop realistic financial goals. Identify opportunities for process improvements and automation to enhance efficiency and effectiveness. Work closely with the Corporate Tax Department to complete tax deliverables (quarterly estimated income taxes, income tax packages, and sales/use tax filings). Train, mentor, and develop real estate accounting team members, fostering a high-performance and collaborative culture. Qualifications
Bachelor’s degree in accounting or related field; CPA certification strongly preferred. Ability to read and interpret complex real estate lease agreements and evaluate chargeback opportunities. 5-8 years of real estate accounting experience, with at least 2 years of people management experience. Strong public accounting background (Big 4 or mid-tier preferred), with experience auditing or preparing financial statements for real estate management or development clients. Proficiency in Yardi Voyager across multiple modules is preferred but not required; experience with other Real Estate software is acceptable. Experience in preparing financial reports for lenders and ensuring compliance with loan covenants. Strong knowledge of GAAP and real estate accounting principles, including CAM reconciliations, fixed assets, intercompany transactions, and 1031 exchanges. Demonstrated ability to manage multiple priorities and meet tight deadlines in a fast-paced environment. Strong analytical and problem-solving skills; ability to implement process improvements. Advanced Excel skills; experience in financial modeling and analysis is a plus. Results-oriented with a track record of meeting demanding deadlines while prioritizing tasks. Excellent communication and interpersonal skills; able to work across departments. Proven ability to mentor and develop a team. Compensation & Benefits
Pay Range: $135,000 - $145,000 and may include a discretionary bonus. Final compensation will be dependent upon skills & experience. Additional Information
Thriving Wellness Community: Comprehensive medical, vision, and dental plans; 401k with match; benefits include 24/7 online physician consultations, virtual mental health resources, life coaching, employee community groups, fitness reimbursements, and on-demand fitness videos. Career Advancement Opportunities: Clear paths for career progression and internal mobility across our brands and business units. Focused Learning & Development: Leadership training, webinars, and eLearning courses. Mentorship Program: Company-wide mentorship opportunities. Continuous Improvement Training: Training to drive positive workplace change. Corporate Social Responsibility: Commitment to health, education, and community initiatives. Giving Back: Wonderful Giving and Wonderful Neighbor programs for charitable giving and community service. Headquartered in Los Angeles, The Wonderful Company is a privately held $6 billion company with approximately 10,000 employees. Our brands include Wonderful Pistachios, FIJI Water, POM Wonderful, JUSTIN Wine, Teleflora, and more. We are an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, age, protected veteran status, or other protected categories. EEO is the law.
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