What are the responsibilities and job description for the Real Estate Accountant & Accounts Executive position at Commercial Real Estate Services?
Overview
We are seeking a detail-oriented and analytical Real Estate Analyst to join our dynamic team. In this role, you will be responsible for conducting thorough market research, analyzing financial data, and providing insights that support our real estate investment strategies. The ideal candidate will possess strong analytical skills and a solid understanding of financial accounting principles, particularly in the context of real estate. In this role you will work closely with the agency's brokers and oversee all projects while facilitating and managing partnership accounts.
Duties and Responsibilities -
- Tracking all payments and expenditures
- Reconciling processed payments through verification of entries and other supporting documents to balances
- Correspondence with all creditors, vendors, and clients regarding payment schedules, outstanding credits, and other finance-related inquiries
- Preparing an analysis of accounts and other monthly reports
- Continuous improvement of the payment process
- Analyzing AP accounts for missing entries/invoices
- Reconciling missing payments
- Managing the processes, workflows, and systems already created for their assigned portfolios
- Reconciling and reviewing residential ledgers for move-ins and move outs as well as managing help desk for miscellaneous AP requests (billing ledgers and/or request of check payments)
- Troubleshooting Errors and working with the team to resolve in a professional matter and interest in developing relationships with clients. The Associate should be a highly organized professional who is able to effectively maintain daily deliverables while resolving any customer issues that may arise.
- Develop financial models to assess potential new development or investment opportunities, including project and portfolio performance, as well as structured finance.
- Create financial models to analyze property investment exit strategies, factoring in operating costs, revenue, and income streams.
- Provide financial model support and analysis for the principal executive.
- Update financial models with real data for investment assessments.
- Conduct market research to evaluate a project's economic viability and validate model assumptions.
- Identify economic issues and general concerns that could impact finances.
- Collaborate with Development Associates to address development challenges.
- Aid in physical due diligence, which includes reviewing contracts, preparing budgets, and coordinating with consultants for potential acquisitions.
- Analyze rental rates and build relationships with brokers for market insights.
- Concisely summarize and present findings and recommendations.
Skills –
- Real Estate Accounting experience
- Project Management
- Strong Work Ethic
- Teamwork capabilities
- Flexible/Adaptable
- Critical Thinking/Troubleshooting Skills
- Speaks and Writes English Fluently and Professionally
- Pleasant, Professional, and customer service oriented
- Outlook/Excel
- Willing to learn and adapt to technology and software usage
Competitive Market Pay* Job Type: Full-time , In Office Position: Scottsdale, AZ
Experience
- Proficiency in Excel for data analysis and reporting is essential.
- Experience with payroll processing is a plus.
- Familiarity with accounting software and general accounting practices is required.
- Knowledge of LIHTC regulations and compliance is preferred.
- A background in financial accounting or related fields is necessary.
- Previous experience in private equity or real estate analysis is advantageous.
This position offers an excellent opportunity for growth within the commercial real estate sector while contributing to impactful investment decisions. If you are passionate about real estate and possess the required skills, we encourage you to apply.
Job Type: Full-time
Pay: $60,000.00 - $150,000.00 per year
Benefits:
- 401(k) matching
- Dental insurance
- Health insurance
- Paid time off
- Vision insurance
Physical Setting:
- Office
Schedule:
- Monday to Friday
Supplemental Pay:
- Bonus opportunities
- Performance bonus
- Quarterly bonus
Ability to Relocate:
- Scottsdale, AZ 85271: Relocate before starting work (Required)
Work Location: In person
Salary : $60,000 - $150,000