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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.

Role / Company Location Posted
Corporate Accounting ManagerWNC & Associates, Inc. Irvine, CA Sep 5, 2019
Lease AccountantFour Corners Property Trust (FCPT) Mill Valley, CA Sep 5, 2019
Chief Financial OfficerConfidential Boston, MA Sep 9, 2019
Controller | Cardone CapitalCardone Capital Miami, FL Aug 30, 2019
Senior Real Estate Accountant Fort Washington, PennsylvaniaLINK Industrial Properties Fort Washington, PA Aug 29, 2019
Real Estate Accountant Fort Washington, PennsylvaniaLINK Industrial Properties Fort Washington, PA Aug 29, 2019
Financial Planning and Accounting Manager - San Francisco, CaliforniaShorenstein Realty Services, L.P. San Francisco, CA Aug 26, 2019
ControllerButler Enterprises Gainsville, FL Aug 22, 2019
Investment Accounting Controller/ManagerUSAA Real Estate San Antonio, TX Aug 21, 2019
Accounting ManagerCrescent Real Estate Fort Worth, TX Aug 20, 2019



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. Increased regulations and complex tax policies will require individuals to continually seek additional education through industry associations and accounting organizations. 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.

 
Accounting / Control

Skills Required

  • Strong Analytical Skills
  • Strong Financial Skills and Budgeting
  • Strong Bookkeeping Skills
  • Accounting Software Skills
  • Tax Knowledge

Professional Reading and Resources


  • “Real Estate Accounting and Auditing” by AICPA
  • “Journal of Accountancy” by 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
  • “Sarbanes-Oxley Act of 2002”

Industry Qualifications


  • CPA: Certified Public Accountant by AICPA (American Institute of Certified Public Accountants)
  • CMA: Certified Management Accountant by IMA (Institute of Management Accountants)
  • CIMA: Certified Investment Management Analyst by IMCA (Investment Mngt. Consultants Association)
  • CFP: Certified Financial Planner by CFPBS (Certified Financial Planner Board of Standards)
  • SHCM: Specialist in Housing Credit Management by NAHMA (Nat’l Affordable Housing Mngt. Assoc.)

Top Companies


  • Deloitte
  • PricewaterhouseCoopers
  • KPMG
  • Grant Thornton
  • Ernst & Young