Are you looking for a team-driven environment? Are benefits and 401K important in your new position? This company located in Dallas is seeking a finance executive with experience in reporting, budgeting, and treasury management, real estate accounting experience required. Properties include office, retail, industrial, and residential. Benefits include 100% medical insurance paid for the employee, 401K, and generous vacation.
Duties Include:
- Partnering with property managers and executive leadership to develop annual operating budgets, cash flow forecasts, and long-term financial plans for real estate assets. Analyze budget-to-actual variances and provide insights to drive operational and investment decisions.
- Preparing and reviewing property-level and consolidated financial statements, investor reporting packages, and lender deliverables. Evaluating revenue streams (e.g., rental income, CAM recoveries) and expense trends to identify performance drivers and flag potential risks.
- Enhancing accounting procedures by implementing best practices in internal controls, monthly close processes, and reporting accuracy. Reviewing journal entries, accruals, expense recoveries, and bank reconciliations to ensure accuracy and improve efficiency through process automation where feasible.
- Supporting the CFO in managing daily cash operations, including monitoring property cash positions, handling wire transfers, and maintaining banking relationships. Assist in tracking debt service obligations and coordinating quarterly investor distributions.
- Coordinating with external CPA firms to compile and review tax packages for real estate partnerships and ensure timely and accurate filing of federal, state, and local tax returns, including 1099s and K-1s.
- Working closely with legal, asset management, and tax teams to ensure financial reporting and partnership accounting adhere to ownership structures, loan covenants, and legal agreements related to each asset or investment.
- Assisting with financial modeling, underwriting, and due diligence efforts for new real estate acquisitions and development projects, providing analysis on projected returns, capital requirements, and risk factors.
Qualifications:
- Bachelor's degree in accounting/finance
- CPA required, MBA preferred
- 10+ years' experience, at least 5 years' experience in real estate
- Yardi Voyager experience
- Knowledge of real estate and tax accounting