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Senior Manager, Outsourced Real Estate Accounting

Senior Manager, Outsourced Real Estate Accounting

ArmaninoLos Angeles, CA, US
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Job Opportunity At Armanino

At Armanino, you determine your career path. This means it's possible to pursue challenges you are passionate about, in industries you care about. Armanino is proud to be among the top 20 Largest Accounting and Consulting Firms in the Nation and one of the Best Places to Work. We have a community of resources that are ready and willing to support your ideas, build your skills and expand your professional network. We want you to integrate all aspects of your life with your career.

At Armanino, we know you don't check-out of life when you check-in at work. That's why we've created a unique work environment where your passions, work, and family & friends can overlap. We want to help you achieve growth by giving you access to a network of smart and supportive people, willing to listen to your ideas.

Job Responsibilities

Client Relationship Management :

  • Act as the primary point of contact and trusted advisor for multiple real estate clients, fostering strong, long-term relationships.
  • Understand client specific needs, investment strategies, and reporting requirements (e.g., private equity, joint ventures, REITs, property management).
  • Lead client meetings, present financial results, and provide actionable insights and recommendations.
  • Onboard new clients, assess their accounting processes, and implement efficient transition plans.
  • Identify opportunities for process improvement and value-added services for clients.

Accounting Operations & Oversight :

  • Oversee the end-to-end accounting cycle for real estate portfolios, including general ledger, accounts payable, accounts receivable, cash management, and bank reconciliations.
  • Ensure accurate and timely preparation of monthly, quarterly, and annual financial statements for various real estate entities (e.g., properties, funds, management companies).
  • Manage and review complex real estate specific transactions, including acquisitions, dispositions, refinancings, development costs, tenant improvements, and lease accounting (ASC 842 / IFRS 16).
  • Oversee fixed asset management, including capitalization, depreciation, and impairment analysis.
  • Ensure proper accounting for investor capital calls, distributions, and waterfall calculations.
  • Review and approve journal entries, reconciliations, and financial reports prepared by the team.
  • Lead month-end and year-end close processes, ensuring adherence to strict deadlines.
  • Financial Reporting & Analysis :

  • Prepare and deliver comprehensive financial packages, including income statements, balance sheets, cash flow statements, and budget-to-actual variance analyses.
  • Develop and implement custom financial reports, dashboards, and KPIs tailored to client needs and investment structures.
  • Assist clients with budget and forecasting processes, providing guidance and analysis.
  • Ensure compliance with GAAP (Generally Accepted Accounting Principles) or IFRS, and specific industry regulations.
  • Support audit processes by liaising with external auditors and providing necessary documentation and explanations.
  • Assist with financial data for loan covenants and other compliance requirements.
  • Team Leadership & Development :

  • Lead, mentor, and manage a team of outsourced accounting professionals (e.g., Staff Accountants, Senior Accountants, Supervisors).
  • Provide guidance, training, and performance feedback to ensure high-quality work and professional growth.
  • Optimize team workflows, processes, and technology utilization to enhance efficiency and accuracy.
  • Participate in recruitment, selection, and onboarding of new team members.
  • Foster a collaborative and high-performing team environment.
  • Systems & Technology :

  • Proficiency in industry-specific real estate accounting software (e.g., Yardi, MRI, AppFolio, RealPage, Sage Intacct, Entrata).
  • Leverage and implement accounting technology solutions (e.g., automation, OCR, AI) to streamline processes and improve data integrity.
  • Assist clients with accounting system conversions and upgrades.
  • Maintain and improve internal controls within the outsourced accounting framework.
  • Requirements :

  • Bachelor's degree in Accounting, Finance, or a related field. CPA designation strongly preferred.
  • Minimum of 7-10 years of progressive accounting experience, with at least 3-5 years in a management or supervisory role within real estate accounting or an outsourced accounting firm serving real estate clients.
  • Demonstrated expertise in commercial and / or residential real estate accounting, including property management, development, acquisitions, dispositions, and fund accounting.
  • Strong knowledge of U.S. GAAP and real estate specific accounting principles (e.g., revenue recognition, fixed assets, lease accounting).
  • Advanced proficiency with real estate specific accounting software (e.g., Yardi, MRI, AppFolio).
  • Exceptional analytical, problem-solving, and organizational skills with meticulous attention to detail.
  • Proven ability to manage multiple priorities, meet tight deadlines, and thrive in a fast-paced, dynamic environment.
  • Excellent written and verbal communication skills, with the ability to articulate complex financial information clearly to clients and internal stakeholders.
  • Strong leadership capabilities with a track record of developing and motivating high-performing teams.
  • Proficiency in Microsoft Excel (advanced functions, pivot tables) and other Microsoft Office Suite applications.
  • Preferred Qualifications :

  • Experience with complex entity structures (e.g., joint ventures, partnerships, tiered structures).
  • Knowledge of tax compliance related to real estate entities.
  • Experience with financial modeling and forecasting.
  • Public accounting experience, especially with real estate clients.
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