Job Overview – Accounting Manager (Commercial Real Estate):
Compensation: $130,000 – $140,000/year + bonus
Location: Boston, MA
Schedule: Monday to Friday (Hybrid)
Our client is hiring an Accounting Manager (Commercial Real Estate) in Boston, MA (Hybrid) to lead financial operations, oversee third-party property accounting, and manage reporting across a diverse commercial portfolio. This leadership role requires hands-on experience with CAM reconciliations, GAAP/tax reporting, and joint venture structures. You’ll handle loan compliance, support audits, and collaborate with acquisitions, development, and disposition teams. MRI proficiency and experience with consolidated real estate reporting are strongly preferred.
Responsibilities as the Accounting Manager:
- Property & Financial Oversight: Review third-party property accounting, lease maintenance, and ensure consistency with internal standards.
- Cash & Loan Management: Oversee cash funding’s, capital calls, mortgage payments, and lender reporting, including DSCR and escrow draw packages.
- Reporting & Compliance: Prepare financial statements (Fair Value and Tax Basis), support audits, and manage reconciliations and variance analysis.
- CAM & Recovery Analysis: Handle annual estimates, reconciliations, and calculations for gross-ups, base years, cost pools, and caps.
- Transactions & Development: Support acquisitions, dispositions, and development projects, including opening/closing entries and training for third-party teams.
Qualifications for the Accounting Manager:
- Education: Bachelor’s degree in Accounting, Finance, or Business Administration is required.
- Experience: 5+ years of commercial real estate accounting experience, including 2+ years in a supervisory role, with exposure to funds, joint ventures, or TRS preferred.
- Technical Skills: Proficient in Microsoft Office Suite and financial systems, with MRI experience strongly preferred.
- Industry Knowledge: In-depth understanding of CAM reconciliations, fair value GAAP, and tax accounting, with IFRS knowledge preferred.
- Skills & Attributes: Highly organized and detail-oriented, with strong written and verbal communication skills and the ability to manage multiple priorities in a fast-paced environment.
Application Notice: Qualified candidates will be contacted within 2 business days of application. If an applicant does not meet the above criteria, Atlantic Group will keep your resume on file for future opportunities and may contact you for further discussion.