Accounting Manager in Beverly Hills, California at Omninet Capital LLC

About Omninet Capital LLC

Omninet Capital is a vertically integrated private real estate investment and property management firm headquartered in Beverly Hills, California. Founded and led by its principals, the firm owns and operates a diversified portfolio of multifamily and commercial assets across the United States, with approximately 300 professionals managing the platform end-to-end — from acquisitions, capital markets, and asset management to property operations, construction, accounting, legal, and technology.

Our edge is operational. Because we underwrite, close, and operate our own assets, every member of the acquisitions team works alongside the people ultimately responsible for executing the business plan. We combine institutional rigor with the speed and conviction of a principal investor, while increasingly leveraging AI and automation to accelerate underwriting, sharpen decision-making, and uncover opportunities others miss.

Commercial Loan Covenant Management

• Manage all duties related to commercial loan covenants, including but not limited to:
• • Manage the lender reporting process to ensure all reporting requirements are met
  • Manage the debt service payment and loan draw process in conjunction with cash position monitoring
  • Update, track, and maintain DSCR (Debt Service Coverage Ratio) calculations
  • Monitor and track trigger events, cure conditions, and other loan requirements, providing timely updates to the management team
  • Monitor and track waterfall fundings
  • Update and maintain the mortgage module in Yardi

Annual Budgeting Support

• Assist the Controller with the annual budgeting process, including but not limited to:
• • Perform portfolio-wide analysis to support budgeting decisions
  • Monitor and ensure Yardi budgets are consistent with five-year models
  • Maintain and generate reports in the Yardi ABF module as needed

Cash Projection Management

• Assist the Controller in managing cash projections, including but not limited to:
• • Track tenant improvements, leasing commissions, lease-required landlord work, and capital expenditure project costs against budget
  • Conduct cash projection analysis to support decision-making for the Leasing, Operations, and Construction departments
  • Conduct Ad hoc analysis as needed

Tax Management Support

• Assist the Controller with tax management duties, including but not limited to:
• • Monitor and track tax compliance across federal, state, and local jurisdictions, including income, franchise, property, sales/use, and business license taxes
  • Assist the Controller with tax implications analysis for real estate transactions, in coordination with outside advisors

Month-End Close Support

• Assist the Controller in managing the closing process, including but not limited to:
• • Review monthly budget variance reports to identify issues and provide feedback to the commercial property accounting team
  • Review loan payment amortization schedules to ensure correct entries are booked
  • Manage the quarterly distribution review process to ensure accuracy and completeness
  • Assist with the annual review and analysis of capital expenditure and tenant improvement projects under Tangible Property Regulations for tax purposes

Required Qualifications

• Bachelor’s degree in Accounting, Finance, or a related field
• Minimum of five years of progressive commercial property accounting experience, including loan covenant compliance, cash projections analysis and construction accounting knowledge
• Strong working knowledge of GAAP and financial review experience
• Demonstrated strong analytical thinking and skills
• Advanced proficiency in Microsoft Excel and experience with accounting/ERP systems (e.g., Yardi, MRI, or comparable) needed

Location: Beverly Hills, CA

Job Type: Regular, Full-Time

Compensation Range: $120,000 - $135,000

Omninet Capital, LLC is an Equal Opportunity Employer and is committed to maintaining a workplace free from discrimination and harassment. We recruit, employ, train, compensate, and promote without regard to race, color, religion, creed, sex (including pregnancy, childbirth, breastfeeding, or related medical conditions), gender, gender identity, gender expression, sexual orientation, national origin, ancestry, age, physical or mental disability, medical condition, genetic information, marital status, veteran or military status, or any other status protected by applicable federal, state, or local laws.