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Sr Real Estate Accountant

Company: CBRE
Location: Beverly Hills
Posted on: July 1, 2024

Job Description:

Sr Real Estate Accountant

Job ID

157668

Posted

10-Jun-2024

Service line

Advisory Segment

Role type

Full-time

Areas of Interest

Accounting/Finance, Property Management

Location(s)

Beverly Hills - California - United States of America

Are you ready to start an exciting career with CBRE?

About The Role:

We are looking for a Senior Real Estate Accountant for an exciting opportunity working on-site in Beverly Hills. Contributors in this role assist the team by collaboratively producing financials and reporting in accordance with industry standards.

What You'll Do:

  • Create accrual-based journal entries for a single commercial building consisting of 30 retail tenants.
  • Read and understand lease abstracts.
  • Analyze financial transactions for accuracy and completion.
  • Close month-end accounting books, including reconciliation of balance sheet and profit and loss statements.
  • Prepare accounting statements and financial reports such as income statements and balance sheets.
  • Analyze accounting variances and prepare variance explanation reports.
  • Prepare and review projections to predict efficacy of proposed changes on income and financial condition.
  • Examine finance statements and documents for conformance with accounting requirements and principles.
  • Build month-end accounting entries, reconcile discrepancies, post to general ledger, and review budget variances.
    What You'll Need:

    To perform this job successfully, an individual will need to perform each crucial duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.
    • Bachelor's degree in Accounting, Finance, or a related field is required.
    • 4+ years of professional real estate accounting experience is required.
    • Practical experience collecting, analyzing, and summarizing data, with the ability to prepare clear, concise financial reports.
    • Strong understanding of the difference between amortization and depreciation.
    • Ample experience translating complex financial issues for layperson understanding.
    • Robust knowledge of Generally Accepted Accounting Principles (GAAP) and Financial Accounting Standards Board (FASB) regulations.
    • Sophisticated understanding of accounting and bookkeeping concepts. Experience assisting with budget and forecast preparation.
    • Follows accounting practices to ensure optimum client satisfaction while guaranteeing protection of CBRE's financial interests.
    • Applicants must be currently authorized to work in the United States without the need for visa sponsorship now or in the future.
      California Residents: CBRE carefully considers multiple factors to determine compensation, including a candidate's education, training, and experience. The salary range for this role is $$85,000- $95,000 with a 10% discretionary target bonus. The compensation that is offered to a successful candidate will depend on the candidate's skills, qualifications, and experience.

      *California Residents: CBRE carefully considers multiple factors to determine compensation, including a candidate's education, training, and experience. The salary range for this role is $85,000- $95,000 with a 10% discretionary target bonus. The compensation that is offered to a successful candidate will depend on the candidate's skills, qualifications, and experience.

      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 recruitingaccomodations@cbre.com or via telephone at +1 866 225 3099 (U.S.) and +1 866 388 4346 (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.

Keywords: CBRE, Beverly Hills , Sr Real Estate Accountant, Accounting, Auditing , Beverly Hills, California

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