Details: Fantastic opportunity for the right candidate....this Senior Accountant will be working within a well-known/respected commercial real estate firm/within the division related to acquisitions.....wish list to include commercial development, third party real estate, partnership accounting and CAM reconciliations.....will be responsible for the accounting and reporting of development and operating projects to include reviewing general ledger for accuracy and completeness with GAAP; will post reclassifications and accruals as necessary to include interest, property tax, mortgage interest, and management fee accruals, FAS 141 and FAS 13 adjustments; will explain significant variances to budgets;will record general and limited partners' equity pick-ups, contributions and distributions related to joint ventures; review and update estimated cost to complete for sold properties; will set up and track fixed assets;calculate/record depreciation and amortization. Will calculate and post capitalized interest on equity for the limited joint venture partner. Will prepare monthly reporting package for joint venture partners and prepare/input annual development and operating budgets. Will set up leases, rent roll and tenant aging maintenance; will post recurring billings, manual billings, and related cash receipts. Will calculate and prepare invoices to reimburse ownership for common infrastructure costs, development fees, and management fees. Contract accounting - set up initial contract and input pay applications into job cost system, including recording and tracking retainage; preparing a rolling four-month cash flow forecast for all projects; prepare monthly draw package and submit to lenders and record funding;project required monthly capital calls or distributions to each of the joint venture partners; record loan transactions; record acquisitions abd dispostion transactions in accordance with GAAP. Prepare project cost summaries showing status of construction and development projects....must possess a degree in accounting and at least five years relevant experience in the real estate arena with property accounting and partnership accounting...prefers CPA. Competitive salary/bonus/benefits/opportunity for growth....awesome name-recognition Dallas based firm which offers balance of life - people do not leave the company....for more information or to send a resume, please contact
Showing posts with label Commercial. Show all posts
Showing posts with label Commercial. Show all posts
Sunday, 15 July 2012
Sunday, 8 July 2012
Commercial Real Estate Loan Closer - Long Island City, NY- 1202
Details: Office Location / Address: NY- COURT SQUARE I 1 COURT SQUARE LONG ISLAND CITY NY 11101 USA - 10242 Education Level: High School Diploma/GED Shift: Day Job Employee Status: Regular Citi, the leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Additional information may be found at www.citigroup.com or www.citi.com. The Real Estate Loan Closing officer is responsible for the successful and expedient closing of real estate loans. The LCO will be accountable for taking real estate loans post approval and managing vendors and logistics to close these loans within 30-45 days. This will include timely and proactive engagement and coordination of appraisal and environmental due diligence as well as review and interpretation of searches, title reports, and entity formation documentation necessary for the preparation of loan documentation in accordance with the terms and conditions of the credit approval documentation. The Loan Closing Officer will work closely with Credit Officers, Relationship Managers, Legal Counsel, Vendors, and Clients and their representatives directly to complete the loan documentation and closing process. Responsibilities / Duties:Engage and Coordinate with title, escrow, and attorneys to manage real estate closing process. Request property appraisals and environmental reports, monitor progress, and ensure timely receipt. Review appraisals and environmental reports for appropriate value and compliance with Bank policies and credit approval terms and conditions. Interpret and coordinate with risk and credit center partners as needed to successfully resolve issues resulting from title reports, appraisals, environmental reports, and surveys. Ensure compliance with appropriate regulations and Bank requirements (including FEMA and Reg U). Engage legal as needed to resolve documentation and title issues. Proactively communicate and initiate contact with bankers, vendors, customers, to ensure timely closing of real estate loans. Ensure closing process with third parties meets corporate requirements and occurs timely.
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