ProPivotal
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
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.
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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
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.
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