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Accounting Manager - Real Estate

Ellis Investments
locationAtlanta, GA, USA
PublishedPublished: 6/14/2022
Full Time

Job Description

Job Description

WCE INVESTMENTS
Director of Accounting

Location: Sandy Springs, GA (Hybrid: 4 days in office, 1 day remote)

Salary: $100,000 - $125,000 (commensurate w/ experience & qualifications)

About WCE Investments: WCE Investments manages and develops residential and commercial properties throughout Metro Atlanta. With over 350 units in our growing portfolio, we specialize in finding value-add opportunities in emerging neighborhoods.

Position Structure:

  • Reports to: CEO/Founder | William Candler Ellis
  • Manages: Staff Accountant & Accounting Clerk
  • Department: Finance & Accounting

The Opportunity: As our first Director of Accounting, you'll establish the accounting infrastructure for our growing real estate company spanning multiple verticals—acquisition, renovation, rental management, and commercial properties. You'll join at a pivotal time as we transition from founder-led financial oversight to professional accounting management.

What You'll Do:

  • Design financial reporting systems: Create standardized monthly and quarterly reporting packages that link individual property P&Ls to consolidated financial statements, with specific metrics for different property types (renovation, rental, commercial)
  • Manage system integration: Oversee the data flow between AppFolio (property management) and QuickBooks Online, ensuring accurate transfer of rent collections, maintenance expenses, and property-level costs
  • Develop capital optimization strategies: Create financial models that guide capital allocation decisions across renovation projects, property acquisitions, and maintenance reserves based on ROI analysis
  • Build accounting infrastructure: Help recruit and lead 2 additional new hires for the accounting team (Staff Accountant and Accounting Clerk) while developing detailed accounting policies for property acquisitions, renovation capitalization, revenue recognition, and expense allocation
  • Implement cash management: Establish treasury management procedures that optimize cash flow between operating accounts, construction draws, and investment reserves while maintaining liquidity for operations

Initial Priorities:

  • Assess backlog: Evaluate the 2024 accounting status for all entities, develop a structured timeline to reconstruct financial records by August 2025, and coordinate with external tax professionals on documentation requirements
  • Standardize processes: Implement consistent transaction coding, capitalization policies, and month-end close procedures across WCE Investments, WCE Retail Acquisitions, WCE Rental Holdings, and Longwood Property Management
  • Create property reporting: Design standardized monthly reports that track occupancy rates, maintenance costs per unit, renovation ROI, and performance metrics by property asset type and building classification across 350+ units
  • Develop tracking systems: Implement project accounting for renovation expenditures that connects budget vs. actual spending to post-renovation property valuations and rental performance

Qualifications:

  • Bachelor's or post-graduate/advanced degree in Accounting (CPA preferred), or equivalent work experience
  • 5+ years in accounting with 3+ years in real estate
  • Experience with multi-entity financial reporting and consolidation
  • Knowledge of real estate accounting principles and metrics (NOI, Cap Rates, DSCR)
  • Experience with QuickBooks Online (3+ years) and property management software

Benefits:

  • Performance Bonus based on company results
  • 15 days PTO plus standard holidays
  • Career advancement potential as company grows
  • Professional development budget

How to Apply: Send your resume and a cover letter through ZipRecruiter and an explanation of why you would be a great fit for this role.

*NOTE: Comprehensive documentation available for this role. For a more detailed understanding of expectations and workflows, please review:

Company DescriptionWe are a well-established real estate company that owns and manages 350–400 individual residential and commercial rental units. In addition, we manage approximately 120 rental units for third-party owners. Our portfolio also includes real estate acquisitions, renovations, and sales.

Company Description

We are a well-established real estate company that owns and manages 350–400 individual residential and commercial rental units. In addition, we manage approximately 120 rental units for third-party owners. Our portfolio also includes real estate acquisitions, renovations, and sales.

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