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Senior Accountant

Accounting | Palo Alto, CA | Full Time

Job Description

About Us

About the Company: Marcus & Millichap Company (MMC) is a real estate leader and pioneer with a diverse family of companies offering Premier 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.

Position Overview

Job Description: We’re hiring a Senior Accountant to join our team in Palo Alto, California! Reporting directly to the Accounting Manager, the Senior Accountant will focus on consolidating and analyzing 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 addresses a multitude of accounting activities, including account reconciliation, general ledger preparation, financial reporting, year-end audit preparation and also supports budget and forecast activities. This is a great opportunity to those who would like to utilize and develop their existing skills. 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 huge amount of ownership over your work and work alongside a strong accounting management team. We’re in a great location - near Caltrain with good restaurants and shops within walking distance. MMC has a fiscal year-end of March 31. 

Primary Responsibilities:

  • Prepare and manage monthly consolidation of property financials. Prepare property variance analysis on the income statement, balance sheet, actual/budget variances to facilitate monthly close of the corporate entity (MMC).  
  • Work closely with our multi-family subsidiary’s property accounting group and business process owners.
  • Perform detailed analytical review of property-related financials for corporate reporting purposes. 
  • Prepare monthly property receivable reports and research/reconcile property receivable balances.
  • Prepare/review the recording of transactions into the general ledger, including sales, acquisitions, refinancing. Prepare monthly/quarterly account reconciliations, bank reconciliations and other schedules.
  • Support various collaborative projects, including assisting in the development of company business plans and forecasts and preparing finance status, equity by project and metrics reports.
  • Document procedures and streamline processes when possible.
  • Identify internal control weaknesses and provide recommendations.
  • Prepare schedules for the annual audit and provide audit support as needed. 
  • Other projects as the need arise.

Knowledge & Skills

  • Financial statements preparation and analysis, ad hoc reporting to support management decision making.
  • The ideal candidate must be a thorough and detail-oriented team player with a big-picture mindset.
  • Advanced Excel skills (pivot tables, array formulas, macros, etc.) required.
  • Demonstrated technical accounting knowledge. 
  • Budgeting, forecasting, and variance analysis experience preferred.
  • Excellent written and verbal communication skills.
  • Positive, eager to learn and take on challenges.  
  • Able to work independently and manage multiple projects simultaneously.
  • ERP knowledge preferred (SAP and Yardi).
  • Ability to work in a fast-paced, high-growth environment.
  • Enthusiastic and pro-active with a can-do attitude.

Qualifications & Education

  • BS degree in Accounting or a similar field.
  • 4-5 years of progressive accounting experience in the financial reporting/general ledger area.
  • Real estate (Multi-family) and property accounting experience is a plus.
  • CPA is a plus.