Glendora, California
Azusa, California
Oakland, California
Azusa, California
Posted: 21-Jan-25
Location: Palo Alto , California
Type: Full Time
Salary: $95,000 to $125,000 per year
Required Education:
About Us
About the Company: Marcus & Millichap Company (MMC) is a real estate leader and pioneer with a diverse family of companies offering Real Estate Services, Real Estate Investments and Real Estate Developments. Each MMC company is a distinct fusion of real estate specialization and innovation powered by a culture of loyalty that permeates throughout the Marcus & Millichap organization. To find out more about the company, visit www.mmcrealestate.com.
Lastly, we’re in a great location - near Caltrain with good restaurants and shops within walking distance.
Position Overview
Job Description: We’re hiring a Senior Real Estate Accountant to join our team in Palo Alto, California! Reporting directly to the Assistant Controller, the Senior Real Estate Accountant will focus on analyzing a portfolio of property financials submitted by our subsidiary team and work closely with the Corporate Senior Accountant to facilitate the close process of our MMC corporate entity. This position involves a multitude of accounting activities including account reconciliation, general ledger preparation, financial reporting, year-end audit preparation and supporting budget and forecasting activities. Please note: MMC has a fiscal year end of March 31st.
This role is a great opportunity to those who would like to utilize and develop their existing skills. Furthermore, this role offers growth opportunities and provides vast experience in the corporate entity of a highly successful and dynamic real estate organization in the Bay Area. You will have a clear ownership over your work while working alongside a strong accounting management team.
Primary Duties & Responsibilities:
- Prepare and manage monthly roll-up of property financials for financial consolidation by MMC’s corporate entity
- Prepare and review property variance analysis on income statement, balance sheet, actual/budget variances to facilitate monthly close
- Work closely with our multifamily subsidiary’s property accounting group and business process owners
- Perform detailed analytical review of property financials
- Prepare and review the recording of significant transactions in the general ledger including sales, acquisitions, refinancing
- Support various collaborative projects, including the development of company business plans and forecasts, preparing finance status, equity by project, and metrics reports
- Prepare schedules for the annual audit and provide audit support as needed
- Assist in Yardi implementation of properties financials within investment manager module
- Prepare monthly/quarterly account reconciliation, bank reconciliation property schedules
- Prepare monthly properties receivable report and research/reconcile property receivable balances
- Document procedures and streamline processes when possible
- Identify internal control weaknesses and provide recommendations
- Other projects as needed
Education & ExperiencKnowledge, Skills, & Abilities:
- Bachelor’s degree with a focus on business or real estate
- 7 - 10 years of experience with project entitlements is required; strong experience with taking residential development projects from inception to completion is also required
- Computer literate with thorough knowledge of Microsoft Excel and Microsoft Office
- Experience mentoring staff and leading outside consultants; strong collaborator
- Must have a solid technical understanding and experience with residential design and construction
- Must have strong analytical, verbal, and written communication skills, including strong negotiation skills
- Professional demeanor with a strong work ethic, customer service-oriented, politically savvy
- Good organizational skills with excellent judgment and decision-making skills
Qualification & Education:
- Bachelor’s degree in Accounting or a similar field; CPA is a plus
- 4 to 5 years of progressive accounting experience in the financial reporting/general ledger area
- Real estate (multi-family) and property accounting experience is a plus
Benefits Overview:
The compensation plan for this role will be commensurate with the skills required for the position. As such, it will be comprised of a base salary and an annual performance-based incentive which is determined upon individual and portfolio performance. The Company offers a comprehensive benefits package, including the following:
- Paid Time Off + Paid Holidays
- Paid Sick Time
- Other Time Off
- 401k + Employer Contribution
- Medical (H.S.A./HDHP option w/ Employer Contribution)
- Dental
- Vision
- Flexible Spending Accounts
- Group Term Life & AD&D
- Voluntary Life & AD&D
- Long-Term Disability
- Buy-Up Long-Term Disability
- Employee Assistance Program
- Voluntary Accident, Hospital Indemnity, Critical Illness
Depending on the role, other benefits such as commission, an educational assistance program (tuition reimbursement), a referral program, and/or car allowance may be applicable.