Property Accountant

 

We are looking for a Property Accountant to assume the role of financial expert for a designated portfolio of complex properties. This person will be responsible for providing timely and accurate reporting of the financial operations, including financial reporting, budgeting, forecasting and cash management.

Responsibilities:

• Reports accurately and timely, the financial records of the assigned portfolio, including budgets and forecasts
• Works closely with the property managers to ensure consistency and promotes effectiveness in operations reporting
• Ensures implementation of company-wide property management accounting and reporting initiatives
• Prepares monthly reporting packages for institutional owners and asset managers with input from property management
• Maintains a calendar of all required by debt covenant reporting deadlines for assigned properties and prepares accurate and timely reporting as required by covenants
• Prepares and reviews monthly accruals and straight-line rent journal entries
• Reconciles balance sheet account monthly
• Records tax basis entries as needed for year-end and prepares tax and applicable audit work papers
• Ensures delinquency reports are correct and contacts property management about serious delinquencies
• Understands lease terminology and works closely with Lease Administrators
• Monitors cash and ensures that critical payments are made timely and prepares funding reports as needed
• Participates in budget preparation by providing information and analysis to property managers
• Reviews budgets for accuracy and uploading into accounting software
• Prepares monthly bank reconciliations for assigned properties
• Tracks tenant upfit allowances using Excel and job costing software
• Maintains fixed asset listings and depreciation
• Analyzes data from several sources and provides accurate and complete answers for owners
• Prepares personal property tax listings and monitors sales/use tax for owners
• 40-45 hours per week based on reporting cycles
• Handles other duties as assigned by Assistant Controller

 

Desired Competency, Experience and Skills:

• Four year degree in Accounting required
• 3 years of real estate and/or public accounting experience preferred
• GAAP experience required
• Exhibits strong interpersonal skills and critical thinking skills
• High degree of professionalism in addition to excellent communication, analytical, and problem solving skills
• Team oriented, with the ability to build effective relationships in a cohesive business environment
• First 90 days in the office for training; then hybrid schedule based on performance, up to 2 days per week WFH
• Part-time is also available with prorated salary and bonus
• High proficiency in Excel is desired
• MRI and/or Yardi preferred
• FAS asset software
• CPA license required

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