Property Accountant

About

The position will be responsible for all facets of commercial property management accounting for a large portfolio as well as responsible for cultivating the accounting department with other department leaders.

The person seeking this role should have 5 years in commercial real estate property accounting and is familiar with the requirements of lease accounting in accordance with GAAP. We are seeking someone who is motivated, who will actively seek out and implement improvements to our process and who will provide an exemplary level of customer service to both internal and external customers.

Responsibilities

• Work closely with Portfolio Manager/Asset Manager to maintain profitability of the portfolio.
• Responsible for cash management of the assigned portfolio including funding requests, etc.
• Assist with new acquisitions of new property/portfolio
• Perform bank reconciliations
• Prepare, review, and distribute month-end financials and make adjustments as necessary
• Assemble and review monthly financial packages for assigned portfolio, including but not limited to Income Statement, Balance Sheet, Budget Variance and Executive Summary
• Review and analyze transactions from AR/AP to ensure accurate coding and recorded.
• Identify, investigate, resolve and/or report on discrepancies.
• Prepare Balance Sheet tie-out and maintain supporting account schedules
• Prepare and post accrual entries with supporting documentation and account reconciliations
• Post to registers and ledgers, balance and reconcile accounts, prepare journal entries or adjustments to accounts as needed
• Prepare year-end packages for tax accounting and external auditing
• Communicate directly with clients and ownership

Requirements

• Knowledge of accounting and financial reporting methods
• Full cycle accounting experience in commercial real estate industry with an emphasis in commercial property management is highly preferred
• 4-year degree in Accounting or Finance preferred, or Associates Degree in same field with adequate experience to offset
• Must have knowledge and be comfortable using Yardi REQUIRED