Real Estate Accounting Mgr

CBRE - Raleigh, NC

Full-time - Manager

Raleigh, NC

Real Estate

About the position

The Real Estate Accounting Manager is responsible for overseeing a team dedicated to providing accurate and timely financial reporting for assigned portfolios of CBRE clients and properties. This role involves implementing processes to ensure compliance with reporting requirements and reviewing all financial reports generated by the accounting team to certify their accuracy. The manager will play a crucial role in troubleshooting issues that arise, ensuring that customer requests are handled promptly and with a strong focus on customer service. A positive customer experience is paramount, and the manager will maintain open and constructive communication with clients and internal departments. In addition to managing the team, the Real Estate Accounting Manager will verify that the accounting team processes debt, real estate tax, sales tax, and owner distribution payments in a timely manner, ensuring that internal databases are updated accordingly. The manager may also assist with property and client transitions, collaborating with other internal teams to meet special requirements as defined in the Management Agreement and Financial Services Agreement. Identifying and communicating changes in the scope of services to the team and recommending opportunities based on the department's pricing platform are also key responsibilities. The manager will review various reports, including Corporate Accounts Payable and CBRE Tech Accounts Receivable, to ensure reconciliations are completed and any open issues are resolved. Partnering with field and account management teams is essential to ensure they understand the client Management Agreements and that these agreements are maintained according to departmental policies. The manager will also oversee the review of management fee calculations to ensure compliance with current agreements and may review budgets and year-end recovery calculations for timely completion. As a supervisory role, the Real Estate Accounting Manager will provide formal supervision to individual employees within the accounting function. This includes recommending recruitment, selection, promotion, and corrective actions, as well as planning staffing levels and monitoring labor utilization. The manager will prepare and deliver performance appraisals and mentor team members to develop their competencies, modeling behaviors consistent with the company's values.

Responsibilities

• Manage a real estate accounting team to provide accurate and timely client reporting for assigned portfolios.
• Implement processes to ensure compliance with reporting requirements.
• Review and certify the accuracy of all financial reports issued by the accounting team.
• Troubleshoot issues and ensure customer requests are handled timely and accurately.
• Create a positive customer experience through effective communication.
• Verify timely payments for debt, real estate tax, sales tax, and owner distributions.
• Assist with internal and external property and client transitions as needed.
• Identify and communicate scope of service changes to management and team.
• Review monthly pricing worksheets and enter allocations into PeopleSoft as necessary.
• Ensure reconciliations of Corporate A/P and CBRE Tech A/R reports are completed and reviewed.
• Partner with field and account management teams to ensure understanding of client Management Agreements.
• Review budgets and annual year-end recovery calculations for timely completion.
• Provide formal supervision to individual employees and recommend staffing actions.
• Prepare and deliver performance appraisals and mentor team members.

Requirements

• Degree from a four-year college or university program with an emphasis in accounting or finance required.
• In lieu of a Bachelor's degree, an associate degree plus 2 years related work experience, or a high school diploma plus 4 years demonstrated experience.
• Sophisticated knowledge of financial terms and principles is required.
• Ability to calculate intermediate figures such as percentages, discounts, and commissions.
• Conduct sophisticated financial analysis and solve problems in varying situations.
• Requires sophisticated analytical and quantitative skills.
• Decisions made with a detailed understanding of procedures, company policies, and business practices.