Accounting Manager - Commercial Real Estate

Accounting Manager - Commercial Real Estate The Accounting Manager will manage the day-to-day accounting function for a commercial real estate company that sponsors and syndicates real estate investments through multiple property-level, investment, management, and holding entities. This role is responsible for accurate GAAP-based financial reporting, disciplined accounting operations, and reliable support for investors, lenders, property teams, and executive leadership. The ideal candidate combines strong commercial real estate accounting experience with hands-on Yardi expertise, understands the complexities of multi-entity and multi-investor structures, and can both manage a team and step into the details when needed.

This person will oversee the monthly close, consolidations, accounts payable, accounts receivable, cash controls, financial reporting, and coordination with the company’s outside CPA firm, auditors, legal counsel, and other professional-service providers.

Accounting Manager Responsibilities:

Accounting leadership. Own the accounting function, establish priorities and close calendars, supervise accounting staff, and ensure work is accurate, complete, timely, and well documented.

Multi-entity accounting. Maintain books and records for numerous legal entities, including property-level entities, investment vehicles, management companies, and related affiliates; manage intercompany activity, eliminations, allocations, and consolidations.

Financial close and reporting. Lead monthly, quarterly, and annual close processes and deliver GAAP-compliant financial statements, account reconciliations, supporting schedules, variance explanations, and management reporting.

Yardi ownership. Serve as the accounting owner and subject-matter expert for Yardi, including entity and property setup, chart of accounts, workflows, user controls, reporting, data integrity, and process improvement.

Investor and syndication accounting. Maintain accurate investor and entity records; support capital calls, distributions, investor capital-account reporting, ownership schedules, and waterfall or allocation calculations in coordination with finance, legal, and outside advisors.

Property accounting. Oversee property-level revenue and expense accounting, tenant receivables, cash receipts, security deposits, operating expense and CAM reconciliations where applicable, and reporting for each asset.

Accounts payable and vendor controls. Oversee invoice processing, approval workflows, coding, payment runs, vendor onboarding, W-9 and 1099 processes, duplicate-payment prevention, and vendor-record integrity.

Accounts receivable and collections. Oversee billing, receipts, aging, collections, and cash application; ensure balances are actively managed and exceptions are escalated.

Cash and treasury controls. Monitor bank activity and cash balances across entities, oversee bank reconciliations and transfers, maintain appropriate approval controls, and support cash forecasting and distribution planning.

Debt and lender reporting. Maintain loan and interest schedules, support debt-service and covenant monitoring, and deliver accurate lender reporting and documentation.

Acquisitions, dispositions, and financing. Support accounting setup and purchase-price allocations for acquisitions; coordinate accounting for refinancing, capital projects, and dispositions; maintain complete closing files and opening/closing balance support.

CPA and audit coordination. Serve as the accounting liaison to the company’s outside CPA firm and auditors; maintain tax-ready books and work papers; and manage schedules, document requests, deadlines, tax payments, 1099s, K-1 support, and resolution of open items. Tax-return preparation is handled by the outside CPA firm and is not part of this position.

Internal controls and compliance. Develop and maintain accounting policies, segregation of duties, approval limits, documentation standards, and other controls appropriate for a growing real estate investment platform.

Budgeting and analysis. Partner with leadership, asset management, and property operations on annual budgets, reforecasts, cash-flow projections, capital expenditure tracking, and budget-to-actual analysis.

Team and service-provider management. Hire, train, coach, and evaluate accounting personnel; establish service standards; and manage relationships and deliverables across the outside CPA firm, audit, banking, software, and other accounting-related vendors.

Continuous improvement. Improve the speed, accuracy, scalability, and transparency of accounting processes as the company adds investors, entities, properties, and transactions.

Accounting Manager

Qualifications:

Progressive accounting experience, including meaningful responsibility for the close and financial reporting process; experience as an Accounting Manager, Senior Property Accountant, or in a comparable lead accounting role is strongly preferred.

Direct commercial real estate accounting experience involving…