Accounting Manager - Gurugram, India - AccuReco Consulting
Description
Experience years
About the Opportunity:
Accounting Managers are responsible for a portfolio of commercial properties, owned by various Funds
and Joint Ventures, and meeting lender, tax, and investor requirements. Accounting Managers work
hand-in-hand with 3 rd party property teams who manage day-to-day accounting operations using
accounting platform (MRI). Accounting Managers work closely with other members of Accounting, and
also with the Acquisitions, Asset Management, Tax, and Finance teams.
What youll be do:
Responsible for overall property level accounting including:
Work closely and oversee 3 rd Party Property Teams
Review 3 rd party property accounting for consistency, accuracy and proper accounting
rent rolls and lease maintenance
cash management including weekly check fundings
financial reports
annual budgets and quarterly budget re-projections
tax basis amortization and depreciation calculations
Provide support to 3 rd party MRI users
Review and approval of operating and tax escalations
annual estimates
quarterly and annual reconciliations
cost pools, expense caps, exclusions, gross ups and base year calculations
Manage Loan Compliance
Mortgage payments
Lender reporting including debt service coverage ratio calculations
Loan and escrow draws
Prepare unaudited financial reports as required by the ownership of the property
Provide comprehensive audit support
Prepare audited financial statements with footnotes (FV and Tax basis), as required
Work with Beacon construction professionals to provide accounting for development projects
Prepare ad-hoc financial analysis and reporting as needed
Joint Venture Accounting
Review and comply with operating agreements
Prepare financial reporting on a consolidation or combined level, as required, including
audited financial statements with footnotes (FV and Tax Basis)
Cash management including capital calls and distributions
Calculate and process management fees
Calculate income allocations including waterfalls, as required
Acquisitions
Work with Acquisitions team to review diligence materials
Review settlement statements including, prorations and buyer/seller credits
Review estoppels
Record opening entries
Monitor all post closing activity for true up with Seller
Onboard properties and train 3rd party teams on Beacon financial standards and reporting
Dispositions
Work with Disposition team to respond to Buyer diligence requests
Prepare prorations
Work with 3 rd party teams to prepare estoppels
Prepare and record closing entries including gain/loss calculation
Monitor all post-closing activity for true up with Buyer
Other duties and special projects as assigned
Skill & Experience:
5-8 years property accounting experience, with the majority in commercial real estate
Experience with Funds and/or Joint Ventures
Experience with fair value GAAP, tax accounting. IFRS a plus
Experience with TRS (Taxable REIT Subsidiaries) a plus
Proficient with tenant recoveries (CAM)
Understanding of waterfall calculations
Experience in year-end audit including preparation of financial statements and footnotes
Experience with loan compliance including loan-draw and escrow-draw packages, covenant
calculations
Ability to work independently and communicate effectively
Ability to work in a fast-paced environment
Detail oriented and ability to multitask and prioritize
Proficiency with financial software systems applications and proficiency with Microsoft
Windows software programs, MRI experience a plus