Linthicum, MD
Who Staffing is looking for a Senior Real Estate Accountant/Financial Analyst for a full-time, direct hire opportunity with our client in Linthicum, MD.
Job Summary:
The Senior Real Estate Accountant/Financial Analyst will provide specialized accounting and analytical support to the Finance Division for our client’s Communities' real estate and housing operations. This role will focus on the financial management of two housing subsidiaries (Community Development and Housing), including comprehensive real estate accounting, project pro forma development and analysis, property financial reporting, and budgeting. This position will work collaboratively with the Accounting Manager, Director of Finance, client’s Communities’ leadership, and the executive team to ensure accurate financial information, strategic financial analysis, and compliance with funding and reporting requirements. The incumbent will support the annual audit, reviews, and special audits related to real estate operations.
Essential Functions:
· Maintain comprehensive accounting records for our client’s Communities (Community Development and Housing), ensuring accurate property accounting, tenant billing, revenue recognition, inter-company transactions, and monthly reconciliations.
· Develop, analyze, and maintain pro formas for new properties, construction projects, and service expansions; support due diligence and financial modeling for acquisition opportunities.
· Prepare detailed financial reports and analyses specific to real estate operations, including property-level P&Ls, cash flow projections, debt service schedules, and variance analyses.
· Analyze and track real estate specific metrics including occupancy rates, rental income, operating expenses by property, capital expenditures, and return on investment calculations.
· Coordinate property accounting with other departments, ensuring proper allocation of costs, intercompany charges, and consolidation of results across client’s Communities.
· Manage and maintain all asset/lease tracking and depreciation/amortization schedules for client’s Communities' real estate properties and equipment.
· Support banking reporting requirements, loan covenant calculations, lender reporting, and other real estate specific compliance activities.
· Prepare project-based budgets and forecasts for new construction projects and property operations; track performance against budget and provide variance analysis and recommendations.
· Support and facilitate audits and reviews related to real estate operations, including annual external audits and special audits required by government or regulatory agencies.
· Support Finance leadership to develop, document, and continuously review accounting procedures and policies specific to real estate operations to improve efficiency and strengthen financial controls.
· Research and implement industry best practices for real estate financial management and accounting.
Other Functions:
· Conduct financial analysis and prepare reports and presentations for Finance leadership and Client’s Communities executives.
· Provide technical assistance and training to operational staff on real estate accounting and financial reporting matters.
· Assist with annual budget planning and special financial projects as assigned by Finance leadership.
· Perform other duties as assigned.
Education & Experience Requirements:
· Bachelor's degree in accounting, finance, business administration, or related field required; CPA/CMA and MBA would be a plus.
· Three to five years of accounting or financial analysis experience, with demonstrated expertise in real estate accounting, property financial management, or housing finance preferred.
· Ability to work autonomously, in ambiguous situations with little direction, running toward problems without being asked; solutions oriented
· Exceptional critical and strategic thinking skills; adept at looking at challenges and executing multi-pronged solutions in collaboration with others in a fast paced, growth oriented, entrepreneurial environment
· Demonstrated and proven ability to build relationships affecting organizational change, including in situations where there is an indirect management relationship
· Ability to remain flexible, calm under pressure and adaptive to change as priorities shift, being a model and resource for employees
· Experience working across cultural, geographic, and organizational lines to align work, solve problems, and achieve goals
· Excellent oral and written communications; Strong interpersonal skills with the ability to manage positive communication in difficult situations and the ability to provide candid/constructive feedback
· Proficiency in MS Word, Excel, Outlook and financial/accounting systems
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