Property Accountant - Immediate Joiner Thought Focus
Thought Focus
Office Location
Full Time
Experience: 5 - 5 years required
Pay:
Salary Information not included
Type: Full Time
Location: Karnataka
Skills: Budgeting, Forecasting, Analytical skills, Communication skills, Teamwork, Property Accounting, REITspecific Compliance, Accounting software proficiency, Excel skills, Organizational Skills
About Thought Focus
Job Description
Position Title: Property Accounting Real Estate Location: Bangalore, Karnataka Shift: US Shift Only Employment Type: Full-time & WFO Role Overview The position focuses on managing financial records and reporting for real estate properties and REITs, ensuring compliance with accounting regulations, handling budgeting and forecasting, and collaborating with property managers for financial oversight. It requires expertise in property accounting, REIT-specific compliance, and advanced analytical skills. Key Responsibilities: Property Accounting: Maintain accurate and complete financial records for individual real estate properties. Prepare monthly, quarterly, and annual financial reports, including income statements, balance sheets, and cash flow statements. Record and reconcile all property-related financial transactions, such as rents, leases, and operating expenses. REIT-Specific Accounting: Ensure compliance with REIT-specific accounting regulations and tax requirements. Assist in the preparation of financial statements and SEC filings, including 10-Ks and 10-Qs. Monitor and manage REIT compliance tests, such as income and asset tests. Budgeting & Forecasting: Collaborate with property managers to develop annual budgets and forecasts. Analyse budget variances and recommend cost-saving measures where necessary. Qualifications: Education: Bachelors degree in accounting, Finance, or a related field. CPA certification is highly preferred. Experience: Minimum of 5 years in traditional real estate property accounting. Solid experience with REITs and a strong understanding of their unique accounting and compliance needs. Skills: Proficiency in accounting software (e.g., Yardi, MRI, or similar) and advanced Excel skills. Strong analytical and problem-solving abilities. Excellent organizational skills and attention to detail. Effective communication and teamwork capabilities. Working Conditions This position is primarily office-based, US shift hours, with flexibility required to meet deadlines or address urgent issues. Job Types: Full-time, Permanent, Fresher Benefits: Commuter assistance Health insurance Leave encashment Life insurance Provident Fund Schedule: Monday to Friday Night shift US shift Weekend availability Work Location: In person,