The Internal Audit Manager is responsible for leading and executing internal audit activities across the organization's real estate portfolio. This role provides independent assurance on the effectiveness of internal controls, risk management, and governance processes related to property acquisitions, development, leasing, operations, asset management, and dispositions. The position partners closely with senior management to identify risks, improve processes, and ensure compliance with regulatory and internal requirements.
Key Responsibilities
Audit Planning & Execution
- Develop and execute a risk-based internal audit plan covering real estate operations, financial reporting, and compliance.
- Lead audits of property acquisitions, dispositions, development projects, leasing activities, property management, and joint ventures.
- Evaluate internal controls over rent rolls, CAM reconciliations, revenue recognition, capital expenditures, valuations, and impairment.
- Review compliance with loan agreements, investor requirements, and regulatory obligations.
Risk Management & Controls
- Identify key operational, financial, and compliance risks across the real estate lifecycle.
- Assess the design and operating effectiveness of internal controls and recommend improvements.
- Monitor remediation of audit findings and report progress to management and the Audit Committee.
Financial & Operational Oversight
- Coordinate with Finance, Asset Management, Property Management, Development, and Legal teams.
- Review accuracy and integrity of financial information related to properties and portfolios.
- Assess efficiency and effectiveness of property-level and corporate processes.
Leadership & Stakeholder Communication
- Prepare clear, concise audit reports with actionable recommendations.
- Present audit results to senior management and the Audit Committee.
- Manage and mentor internal audit staff and/or external audit providers.
- Promote a strong internal control and compliance culture across the organization.
Qualifications & Experience
- Bachelor's degree in Accounting, Finance, Business, or a related field.
- 610+ years of internal audit, external audit, or risk management experience, preferably in real estate, REITs, or property management.
- Strong understanding of real estate operations, leasing structures, development projects, and property financials.
- Experience with risk-based audit methodologies and internal control frameworks.
