Real Estate Accountant

Real Estate Accountant

Job ID

160161

Posted

28-Mar-2024

Service line

Advisory Segment

Role type

Full-time

Areas of Interest

Accounting/Finance, Property Management

Location(s)

Austin - Texas - United States of America, Bee Cave - Texas - United States of America

Are you ready to start an exciting career with CBRE?

About the Role:

Under limited supervision, reviews financial reporting for a portfolio of commercial properties for our clients. On a monthly basis will review balance sheet, income statement, and general ledger for cash and accrual books.

What You'll Do:

• Complete accounting transactions in preparation of client financial statement packages. Creates and posts journal entries. Ensures that all expenses, receipts, owner's distributions, funding requests and other transactions for the accounting period have been accurately posted.

• Generate and reviews financial packages for accuracy and comprehensive reporting. Prepares packages on a schedule to ensure timely delivery to the client and other management teams.

• Adhere to Client Accounting Policies and Procedures (CAPP) to ensure internal and external reporting requirements are consistently met.

• Review and audits funding and payment requests for accuracy, documentation and authorization in accordance with established operating procedures.

• Review and recommend approvals to Real Estate Manager for accurate payment of vendor invoices on behalf of the property owner in compliance with the management agreement, CBRE policies and property management approval authorization matrix.

• Assign purchase orders

• Assist with the preparation of accurate tenant billings.

• Assist in preparing and delivering timely, accurate and complete reports.

• May assist in producing research data on budget line items or entering budget data provided by manager into budget reports.

• May collect and confirm preliminary data for accounts receivable aging reports.

• Respond to and resolves issues and requests from management teams and clients regarding various accounting issues and reports, including Profit and Loss statements. Research open accounting issues and recognizes potential issues and/or conflicts so corrective action can intercept and minimize issues.

• Participate in budgeting and forecasting for assigned property portfolio, new property and client transitions, and client audit requests.

• Assist in training team members on portfolio specific transitions.

• Monitor scope of services delivered and provides results to manager regarding any changes in scope.

• Coordinate work with other team members within single point-of-contact (SPOC) guidelines.

What You'll Need:

To perform this job optimally, you'll need to be able to perform each crucial duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.

Accommodations may be made to enable individuals with disabilities to perform the job

• Degree from a four-year college or university program with an emphasis in accounting, finance or related field required. In lieu of a degree from a four-year college or university, an associate degree plus 2 years college or related work experience, OR high school diploma plus four years of related work experience required.

• Plus, a minimum of two years prior accounting, finance or related experience required. Experience with real estate accounting software preferred.

• Excellent written and social skills, organizational and analytical skills. Ability to provide efficient, timely and reliable service to customers. Ability to effectively present information.

• Requires intermediate knowledge of Generally Accepted Accounting Principles (GAAP) and Financial Accounting Standards Board (FASB) regulations including an intermediate knowledge of financial terms and principles to include accounting methods (cash, accrual, and full GAAP). Ability to calculate intermediate figures such as percentages, discounts, and/or commissions. Conducts intermediate financial analysis.

• Ability to comprehend, analyze, and interpret sophisticated documents. Ability to solve problems involving several options in situations. Requires intermediate analytical and quantitative skills.

• Intermediate knowledge of computer software and hardware (i.e. Microsoft Office Suite Products). Ability to work in multiple accounting software applications.

• Decisions made with general understanding of procedures and company policies to achieve set results and goals. Errors in judgment may cause short-term impact to co-workers and supervisor.

Why CBRE?

A culture of respect, integrity, service and excellence crafts our approach to every opportunity.

We are guided by the needs of the cities we inhabit, the communities we build and the world we live in!

What You'll Need:

To perform this job optimally, you'll need to be able to perform each crucial duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.

Accommodations may be made to enable individuals with disabilities to perform the job

Degree from a four-year college or university program with an emphasis in accounting, finance or related field required. In lieu of a degree from a four-year college or university, an associate degree plus 2 years college or related work experience, OR high school diploma plus four years of related work experience required.

Plus, a minimum of two years prior accounting, finance or related experience required. Experience with real estate accounting software preferred.

Excellent written and social skills, organizational and analytical skills. Ability to provide efficient, timely and reliable service to customers. Ability to effectively present information.

Requires intermediate knowledge of Generally Accepted Accounting Principles (GAAP) and Financial Accounting Standards Board (FASB) regulations including an intermediate knowledge of financial terms and principles to include accounting methods (cash, accrual, and full GAAP). Ability to calculate intermediate figures such as percentages, discounts, and/or commissions. Conducts intermediate financial analysis.

Ability to comprehend, analyze, and interpret sophisticated documents. Ability to solve problems involving several options in situations. Requires intermediate analytical and quantitative skills.

Intermediate knowledge of computer software and hardware (i.e. Microsoft Office Suite Products). Ability to work in multiple accounting software applications.

Decisions made with general understanding of procedures and company policies to achieve set results and goals. Errors in judgment may cause short-term impact to co-workers and supervisor.

Why CBRE?

A culture of respect, integrity, service and excellence crafts our approach to every opportunity.

We are guided by the needs of the cities we inhabit, the communities we build and the world we live in!

Applicants must be currently authorized to work in the United States without the need for visa sponsorship now or in the future.

Equal Employment Opportunity: CBRE is an equal opportunity employer that values diversity. We have a long-standing commitment to providing equal employment opportunity to all qualified applicants regardless of race, color, religion, national origin, sex, sexual orientation, gender identity, pregnancy, age, citizenship, marital status, disability, veteran status, political belief, or any other basis protected by applicable law.

Candidate Accommodations: CBRE values the differences of all current and prospective employees and recognizes how every employee contributes to our company's success. CBRE provides reasonable accommodations in job application procedures for individuals with disabilities. If you require assistance due to a disability in the application or recruitment process, please submit a request via email at ~~~ or via telephone at +~~~ (U.S.) and +~~~ (Canada).

NOTE: Some, but not all, of our positions may have an additional requirement to comply with COVID-19 health and safety protocols, including COVID-19 vaccination proof and/or rigorous testing. If you have questions about the requirement(s) for this position, please inform your Recruiter.

CBRE, Inc. is an Equal Opportunity and Affirmative Action Employer (Women/Minorities/Persons with Disabilities/US Veterans)