Job Title: Real Estate Accounting Director
Real Estate Accounting Director Job Summary:
We are seeking an experienced and strategic-minded individual to join our team as a Real Estate Accounting Director. In this role, you will be responsible for overseeing both property accounting and construction accounting functions within our organization. The ideal candidate will have a strong background in real estate accounting, construction accounting, and financial management, along with proven leadership skills to effectively manage and mentor a team.
Perks of the Accounting Director role?
- Collaborative Environment: Work directly with the SVP of Finance and Accounting in a collaborative and supportive environment where your contributions are valued and recognized.
- Innovative Culture: Be part of an innovative and forward-thinking company that embraces new ideas and encourages creativity.
- Work-Life Balance: We understand the importance of maintaining a healthy work-life balance and offer flexible scheduling options and remote work opportunities.
- Employee Wellness: Take advantage of our wellness programs, including fitness memberships, mental health resources, and wellness challenges, to support your overall well-being.
- Company Events: Enjoy company-sponsored events and team-building activities throughout the year, fostering a sense of community and camaraderie among employees.
Accounting Director Responsibilities:
Property Accounting:
- Lead and oversee all aspects of property accounting
- Ensure accurate and timely preparation of monthly, quarterly, and annual financial reports for individual properties and the overall portfolio.
- Collaborate with property management teams to develop and maintain annual property budgets and forecasts, providing financial insights and analysis as needed.
- Conduct variance analysis and provide explanations for budget variances, working closely with property managers and asset managers to address any discrepancies.
- Coordinate the annual audit process for assigned properties, liaising with auditors and providing necessary documentation and support.
- Stay abreast of changes in accounting standards and regulations impacting the real estate industry, ensuring compliance and adherence to best practices.
Construction Accounting:
- Oversee construction accounting activities, including job costing, progress billing, and contract management for development projects.
- Collaborate with the development and construction teams to track project costs, monitor budgets, and provide financial analysis throughout the construction process.
- Ensure accurate and timely recognition of construction-related revenue and expenses, in compliance with accounting principles and project agreements.
- Develop and maintain systems and processes for tracking and reporting construction-related financial information, identifying opportunities for process improvements.
- Work closely with project managers and contractors to review and approve invoices, change orders, and other project-related expenses.
- Provide financial guidance and support to the development team during project planning and budgeting phases, assisting with financial modeling and analysis as needed.
Leadership and Management:
- Supervise and mentor accounting staff, providing guidance, training, and professional development opportunities to foster growth and performance excellence.
- Cultivate a collaborative and high-performing team culture, promoting open communication, teamwork, and accountability.
- Lead by example, demonstrating a commitment to integrity, ethics, and excellence in all aspects of financial management and accounting practices.
- Collaborate with other departments and senior management to support organizational goals and initiatives, providing financial expertise and strategic insights.
Accounting Director Qualifications:
- Bachelor's degree in Accounting, Finance, or related field required; CPA or advanced degree preferred.
- Minimum of 5 years of progressive experience in accounting, with at least 5 years in real estate accounting and construction accounting roles.
- Strong understanding of Generally Accepted Accounting Principles (GAAP)
- Experience with accounting software (e.g., Yardi, MRI) and advanced proficiency in Microsoft Excel
- Excellent analytical and problem-solving skills, with a keen attention to detail and ability to interpret complex financial data.
- Proven leadership abilities with experience managing and developing a team of accounting professionals.