Real Estate Accounting / Control

"Accounting and Control in real estate is bigger than just number crunching…"

Accounting and control personnel are regularly involved in either auditing or tax with regard to the business operations of a real estate company. It is their responsibility to maintain records of current financial operations, maintain compliance, and review the viability of new ventures with regard to accounting and tax implications. Specifically, a controller is a more senior position and involves key oversight and decision making over business decisions on a more strategic level than a staff accountant would be asked to provide. A well functioning accounting and control staff will not only keep the books in order, but will be a strategic resource for maximizing profits through proper financial structure.

Information on this page provided courtesy of Cornell University Program in Real Estate

Real Estate Accounting / Control below

Related Job categories:

Bookkeeper, Financial Analyst, Compliance

Organizations for Real Estate Accounting / Control Professionals:

Skills Required:

Strong analytical skills
Strong Financial Skills and Budgeting
Good Bookkeeping Skills
Tax Knowledge
Microsoft Office

Accounting / Finance Jobs Rss Feed

Real Estate Accounting / Control Professional Reading and Resources

"Real Estate Accounting and Auditing"published by the AICPA
"Journal of Accountancy"published by the AICPA
"Real Estate Accounting and Reporting: A guide for developers, investors, and lenders"by Nicholas Cammarano and James J. Klink
"Accounting for Real Estate Transactions: A guide for public accountants and corporate financial professionals"by Maria K. Davis
"AICPA National Real Estate Conference Proceedings"
"AICPA Federal Real Estate Tax Conference Proceedings"proceedings

Industry Segments

College Degree (Minimum)
Masters Degree in Accounting, Tax, Law, or MBA preferred
CPA ï¿½ Certified Public Accountant (requirements to sit for the state board exam vary by state)
CB ï¿½ Certified Bookkeeper designation from AIPB

Looking to the Future

Accounting and control is moving from the back office to the front office as the job function evolves into a more strategic position. Financial reporting, auditing, and tax will continue to be the backbone of the industry; however, accountants and controllers will begin to be brought in on more strategic business decisions. Tax shelters through depreciation, the handling of passive and active losses, and other accounting principles can provide a real estate developer or investor with significantly better financial outcomes from a project. Proper financial structure and decision making by a controller can make or break the success of an investment. Politics and tax laws have major implications on real estate and an accountant with strong knowledge in how to leverage these to the benefit of the owner will always have a secure place in the real estate industry.

Top Real Estate Accounting / Control Companies

Deloitte
PricewaterhouseCoopers
KPMG
Grant Thornton
Ernst & Young

Source: SelectLeaders.com

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Job Title / Description Hide Description	Company	Location	Posted
Job Cost Accountant Firm Description Jonathan Rose Companies is a real estate firm with offices in New York City, Stamford, Westchester, Denver and Albuquerque. The New York City office is comprised of four practice groups each focused on a specific business pursuit: investment, planning, devel... Apply Save Email This	Jonathan Rose Companies	NY-New York	9/2/10

Analyst NorthStar Realty Finance Corp. Employment Opportunity Company description: NorthStar Realty Finance Corp. (NYSE: NRF) is an internally managed commercial real estate company that makes fixed income, structured finance and net lease investments in real estate assets. Our management t... Apply Save Email This	NorthStar Realty Finance Corp	NY-New York	9/1/10

Staff Accountant Staff Accountant Chicago, IL Company Overview: A commercial real estate investor with a credit point of view, Wrightwood Capital puts credit discipline at the center of its investment strategy. Whether investing for its own balance sheet, or on behalf of investors through funds, Wrig... Apply Save Email This	Wrightwood Capital	IL-Chicago	8/30/10

Bookkeeper We are currently looking for a bookkeeper with 5 years experience. Qualifications Required Payroll clerk with administrative skills Knowledge union and non-union payroll rules and regulations including workers comp and disability benefits Administrative D... Apply Save Email This	Sitt Asset Management	NY-Manhattan	8/26/10

Property Controller Mondays Properties Property Controller Company Description: Monday Properties is a private owner, operator and developer of commercial real estate with seven million square feet of office space under management in New York and Washington, DC. We are gui... Apply Save Email This	Monday Properties	NY-New York	8/25/10

Corporate Hotel Controller Overview: A well established real estate and hotel company based in Santa Barbara, CA is seeking a Corporate Hotel Controller to oversee all financial and accounting aspects for the company's operations, partnership agreements, and investor financial distributions. The company has b... Apply Save Email This	Confidential	CA	8/23/10

VP, Collections VP, Collections A. Main Function: Reporting to the SVP, Management Accounting, the V.P, Collections, manages and has immediate responsibility for the organization’s Collections’ Department, the direction and implementation of overall collection policies and procedure... Apply Save Email This	Centro Properties Group	NY-New York	8/18/10

Assistant Property Manager Assistant Property Manager – Downtown Denver Commercial Office Building Locally-owned, real estate investment firm is seeking a highly qualified Assistant Property Manager to be the onsite manager for a premier Denver high-rise office building. The Assistant Property Manager is... Apply Save Email This	First Range Management	CO-Denver	8/16/10

Chief Accounting Officer ING Real Estate’s mission is to be the leading provider of innovative real estate based solutions, both locally and globally, that exceed our clients’ performance expectations. The synergies and close collaboration between the business lines of ING Real Estate allow to serve... Apply Save Email This	ING Clarion	NY-New York	8/13/10

Portfolio Accountant ING Real Estate’s mission is to be the leading provider of innovative real estate based solutions, both locally and globally, that exceed our clients’ performance expectations. The synergies and close collaboration between the business lines of ING Real Estate allow to s... Apply Save Email This	ING Clarion	NY-New York	8/12/10

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Real Estate Accounting / Control

"Accounting and Control in real estate is bigger than just number crunching…"

Organizations for Real Estate Accounting / Control Professionals:

Skills Required:

Real Estate Accounting / Control Professional Reading and Resources

Industry Segments

Looking to the Future

Top Real Estate Accounting / Control Companies

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