What you’ll be do:

- Responsible for overall property level accounting including:
- Work closely and oversee 3rd Party Property Teams
- Review 3rd party property accounting for consistency, accuracy and proper accounting – Review of audit workpapers – Bank rec, AP/AR ageing, Fixed asset additions/deletions amort/Dep
- rent rolls and lease maintenance – Agree to lease agreement
- cash management including weekly check fundings
- financial reports – Draft audited FS as per Tax & GAAP (Tax: Allowance for DD, Depreciation life differs, Legal Leasing costs – tax allows, interest rate cap)
- annual budgets and quarterly budget re-projections -
- tax basis amortization and depreciation calculations - Life
- Provide support to 3rd party MRI users
- Review and approval of operating and tax escalations -
- annual estimates
- quarterly and annual reconciliations
- cost pools, expense caps, exclusions, gross ups and base year calculations
- Manage Loan Compliance
- Mortgage payments – Debt service recalculation
- Lender reporting including debt service coverage ratio calculations – repayment/rent sweep/expense budget
- Loan and escrow draws – RE Tax, TI/LC Reserve
- Prepare unaudited financial reports as required by the ownership of the property
- Provide comprehensive audit support
- Prepare audited financial statements with footnotes (FV and Tax basis), as required
- Work with Beacon construction professionals to provide accounting for development projects
- Prepare ad-hoc financial analysis and reporting as needed – Flux analysis

Joint Venture Accounting

- Review and comply with operating agreements
- Prepare financial reporting on a consolidation or combined level, as required,



including audited financial statements with footnotes (FV and Tax Basis)
- Cash management including capital calls and distributions
- Calculate and process management fees - % of Gross receipt
- Calculate income allocations including waterfalls, as required

Acquisitions

- Work with Acquisitions team to review diligence materials
- Review settlement statements including, prorations and buyer/seller credits
- Review estoppels
- Record opening entries
- Monitor all post-closing activity for true up with Seller
- Onboard properties and train 3rd party teams on Beacon financial standards and reporting

- Dispositions
- Work with Disposition team to respond to Buyer diligence requests
- Prepare prorations
- Work with 3rd party teams to prepare estoppels
- Prepare and record closing entries including gain/loss calculation
- Monitor all post-closing activity for true up with Buyer

Skill & Experience:

- 5-8 years property accounting experience, with the majority in commercial real estate
- Experience with Funds and/or Joint Ventures
- Experience with fair value GAAP, tax accounting. IFRS a plus
- Experience with TRS (Taxable REIT Subsidiaries) a plus
- Proficient with tenant recoveries (CAM)
- Understanding of waterfall calculations
- Experience in year-end audit including preparation of financial statements and footnotes
- Experience with loan compliance including loan-draw and escrow-draw packages, covenant calculations
- Ability to work independently and communicate effectively
- Ability to work in a fast-paced workplace
- Detail oriented and ability to multitask and prioritize
- Proficiency with financial software systems applications and proficiency with Microsoft Windows software programs, MRI experience a plus

📌 Accounting Manager (Gurugram)
🏢 XCEEDANCE
📍 Gurugram