Senior Property Accountant

Responsibilities

• Prepare Annual Business Plan, Operating Budget, and Capital Budget for investor review and approval.
• Consolidate property-level budgets into JV-level budgets and perform variance analysis and reforecasting.
• Prepare capital call calculations and issue notices per JV agreement.
• Manage JV, Hold Co, and SPE bank accounts, cash flow forecasting, and liquidity planning.
• Participate in distribution waterfall calculations and promote mechanics.
• Review property-level accounting prepared by third‑party managers for GAAP and investor compliance.
• Coordinate cash forecasting, budget adherence, TI/LC accounting, and reimbursement processes.
• Maintain capital accounts per GAAP, tax rules, and JV agreement.
• Track investment tranches, capital balances, preferred returns, and promote tiers.
• Participate in covenant testing, lender reporting, and draw requests.
• Monitor escrow accounts and ensure compliance with financing agreements.
• Prepare quarterly investor reporting packages, including financial statements, variance analysis, capital account statements, and JV performance metrics (IRR, MOIC, equity multiples).
• Support financial integration of new acquisitions, including opening balance sheets and bank setups.
• Manage final accounting at disposition, including sale allocations, reserve releases, and promote crystallization.

• Bachelor’s degree in Accounting or Finance
• 5–7 years of progressive accounting experience, with at least 3 years in real estate or private equity JV structures
• CPA preferred, not required
• Strong technical knowledge of GAAP and JV accounting principles
• Experience with budgeting, forecasting, and financial modeling
• Proficiency in Yardi, MRI, Kardin, or similar real estate systems
• Excellent analytical, organizational, and communication skills
• Ability to manage multiple priorities in a fast‑paced environment