Real Estate Accountant

💰 ₹28,800 - ₹46,080 (Est.) 📍 Chennai

Job Description

We are hiring an Asset and Property Finance Manager to own the financial operations, property accounting, and performance management of stabilized real estate assets across a multi entity portfolio. This role sits at the intersection of property accounting, asset management finance, and operational analysis.

You will be responsible for running property level accounting while translating day to day operations into clear financial insight for leadership. The role is hands on, execution focused, and highly visible, with a natural progression toward more strategic asset management oversight as the portfolio scales.

This position is ideal for someone with strong real estate accounting fundamentals who also enjoys analyzing NOI, controlling spend, and improving asset level performance.

Key Responsibilities

As Asset and Property Finance Manager, you will own end to end property accounting across AppFolio, QuickBooks, and Excel or Google Sheets. This includes full cycle accounting, monthly close, bank and operating account reconciliations, intercompany accounting, and the preparation of property level financial statements, operating statements, and NOI reports.

You will manage annual operating budgets, rolling forecasts, and cash flow projections for individual assets and at the portfolio level. You will own budget versus actual analysis and proactively identify variances across utilities, payroll allocations, repairs and maintenance, and recurring vendor costs.

You will partner closely with Property Management on collections, delinquency tracking, AR aging, and near term cash flow planning. You will flag risks early, track cash receipts versus rent rolls, and help ensure predictable liquidity across properties.

You will monitor operating expenses and maintenance spend, establish baseline cost trends, and identify anomalies or inefficiencies before payments are released. You will investigate root causes and provide leadership with clear explanations and corrective actions.

You will support investor and tax reporting by maintaining clean, audit ready entity books, capital accounts, depreciation schedules, and supporting documentation. You will coordinate with external CPAs and tax advisors on K 1 preparation, annual filings, and investor reporting.

You will also support asset management and acquisitions by benchmarking new opportunities against in place portfolio performance, stress testing rent and expense assumptions, and maintaining datasets on operating metrics such as cost per unit and expense ratios.

Systems, Tools, and Ways of Working

You will work extensively in AppFolio for property management accounting, QuickBooks for entity level accounting, and Excel or Google Sheets for financial models, dashboards, and controls. You will continuously look for opportunities to automate reconciliations, improve accuracy, and streamline workflows using technology and AI driven tools where appropriate.

This is a remote role that requires strong written communication, clear documentation, and the ability to work independently while staying closely aligned with U.S. based stakeholders.

What We’re Looking For

You have 4 to 7 or more years of experience in real estate accounting, property accounting, asset management finance, or a closely related role. You have hands on experience with full cycle accounting, monthly close, budgeting, forecasting, and variance analysis for multifamily, commercial, or mixed use assets.

You are proficient in AppFolio and QuickBooks, with strong Excel or Google Sheets skills. You understand NOI drivers, operating expense controls, and cash flow dynamics at the asset level. Experience with multi entity structures, investor reporting, and U.S. based portfolios is strongly preferred.

You are detail oriented, comfortable owning outcomes, and able to balance execution with analysis in a fast moving environment.

💡 Quick Summary

Seeking a career-building opportunity? The Real Estate Accountant position is now open for candidates interested in the Accountant Jobs sector. This role in Chennai offers a professional environment and growth potential.

Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Accountant Jobs is a plus.

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Job Details

Company Name: Magma Consultancy

Frequently Asked Questions

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The expected salary for Real Estate Accountant in Chennai is ₹28,800 - ₹46,080 (Est.) per month. Actual compensation may vary based on experience and negotiation.
No, Real Estate Accountant is an on-site position based in Chennai. Candidates must be able to commute or relocate to this location.
Basic communication skills, a proactive attitude, and the ability to work in a team are required for Real Estate Accountant. Previous experience in Accountant Jobs is a plus. Freshers may also apply depending on the employer's requirements.
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