Senior Real Estate Accountant

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.

Last updated on Jan 15, 2025