SENIOR REAL ESTATE ACCOUNTANT – CRE ACCOUNTING / FUND & DEVELOPMENT FINANCE

SENIOR REAL ESTATE ACCOUNTANT – CRE ACCOUNTING / FUND & DEVELOPMENT FINANCE

At FinacPlus, we are more than a service provider — we are a Virtual Business Process Partner to leading global financial institutions, fintech companies, and data-driven enterprises. Our teams integrate seamlessly with client organizations, delivering high-impact analytics, finance, risk, and technology capabilities from India.

FinacPlus is a Great Place to Work® Certified™ organization, recognized for our collaborative culture, strong leadership values, employee-first philosophy, and commitment to professional growth. If you are looking for global exposure, ownership-driven work, and meaningful career acceleration — this is where you belong.

We are currently hiring a Senior Real Estate Accountant with 5–8 years of experience to support a leading U.S.-based private equity firm specializing in commercial real estate (CRE) private credit and development investments. This role offers strong exposure to end-to-end real estate accounting, fund reporting, and development finance operations across institutional-grade portfolios.

As a Senior Real Estate Accountant, you will serve as an embedded partner working closely with asset management, project management, fund finance, and external stakeholders. You will not just manage accounting processes — you will contribute to financial accuracy, compliance, and strategic reporting across the real estate investment lifecycle.

RESPONSIBILITIES

Portfolio & Property Accounting

• You will oversee full-cycle accounting for a diversified portfolio including multifamily, mixed-use, commercial, and development properties, ensuring accurate handling of AP/AR, general ledger activities, and financial reporting.

• You will prepare monthly financial statements and reporting packages for investment partners and lenders, ensuring data accuracy and adherence to reporting timelines.

• You will perform bank reconciliations, accrual accounting, and budget-to-actual variance analysis, collaborating with Asset and Property Managers to explain key financial movements.

Transaction & Development Accounting

• You will manage closing schedules for acquisitions, financings, and dispositions, recording transactions accurately and coordinating with stakeholders for seamless execution.

• You will track and manage collateral accounts, reserve balances, and lender drawdowns, ensuring proper accounting treatment and compliance.

• You will maintain comprehensive project-level documentation, including contracts, insurance certificates, change orders, and supporting financial records.

• You will review and process subcontractor AIA payment applications (G702/G703), validating accuracy, completeness, and adherence to contractual terms.

• You will collaborate closely with Project Managers and subcontractors to ensure accurate accounting for purchase orders, change orders, and construction-related expenditures.

Reporting, Compliance & Audit

• You will prepare quarterly and annual GAAP-compliant financial statements, along with detailed supporting schedules.

• You will oversee property tax calculations, CAM reconciliations, and tenant billing processes, ensuring accuracy and timely execution.

• You will lead coordination of tax certiorari and RPIE filings in collaboration with attorneys, consultants, and CPA firms.

• You will review general ledger work papers for CPA submission and support annual tax filings and audit engagements.

• You will contribute to internal and external audit processes, ensuring compliance, documentation accuracy, and audit readiness.

QUALIFICATIONS AND EXPERIENCE

• 5–8 years of experience in real estate accounting, development accounting, or CRE finance operations

• Bachelor's degree in Accounting, Finance, or related field; MBA, CFA, or advanced certifications are a plus

• Strong understanding of GAAP accounting principles and real estate financial reporting

• Advanced proficiency in Microsoft Excel and Office Suite

• Experience with Yardi or similar real estate accounting systems preferred

• Hands-on experience with construction accounting, AIA billing, and project finance tracking

• Ability to manage multiple priorities in a deadline-driven environment with high accuracy

WHAT MAKES YOU A STRONG FIT

• Strong analytical mindset with the ability to interpret complex financial data and portfolio performance

• Ownership-driven approach to managing end-to-end accounting and reporting responsibilities

• High attention to detail with a focus on financial accuracy and compliance

• Strong communication skills to collaborate with global stakeholders and cross-functional teams

• Ability to work independently while contributing strategically within a team environment

• Process-oriented thinking with a focus on scalability, controls, and continuous improvement

WHY HIGH-PERFORMING TALENT CHOOSES FINACPLUS

• Direct exposure to U.S. commercial real estate private credit and development finance

• Opportunity to work on institutional-grade portfolios and high-value transactions

• Great Place to Work® Certified™ culture with strong leadership and employee focus

• Accelerated career growth in global real estate finance and accounting domains

• Ownership-driven environment with real impact on financial reporting and investment outcomes

• Continuous learning through exposure to complex CRE structures and global best practices

• Stable, governance-driven organization supporting long-term career growth

LOCATION: India | Work From Home

TIMINGS: 6:30 PM – 3:30 AM IST (EST Shift Coverage)

SALARY RANGE: Best in Industry