Ref ID: 00510-0011773926
Classification: Property Accountant
Compensation: $75000.00 to $85000.00 yearly
The Property Accountant is responsible for performing the established daily, monthly and quarterly accounting procedures for an assigned portfolio of properties and investment accounts consisting primarily of real estate operating companies and related partnerships. Property accounting responsibilities include budget to actual income statement review, balance sheet analysis, calculating and posting expense accruals, and assisting in CAM reconciliations and lease review. The Property Accountant will communicate extensively with each of the accounting department, finance department, and the property management team. Family Office responsibilities including monthly reconciliation of investment entity accounts, tracking and reconciliation of investment income and valuations, payment of family office investment and accounting expenses, and family office account summary reporting.
• Communicate with the property management dept regarding all aspects of property accounting areas, including property budget preparation and year-end NNN reconciliations, tenant payments, lease review and CAM analysis
• Provide budget to actuals commentary on all properties at a GL level – work extensively with the property management dept in understanding the drivers and variances
• Understand and monitor all aspects of the properties’ balance sheets, income statements, including fixed assets, debt, receivables, payables and ensure efficient processing of all invoices
• Manage monthly accounts receivable activity by preparing tenant account reconciliations, reviewing billings, and working with move-ins/outs
• Review and understand tenant lease agreements
• Perform bank reconciliations for property bank accounts
• Book journal entries and perform GL account reconciliations
• Work on annual CAM reconciliation process for an assigned portfolio of properties
• Partner with property management for forecasting, budgeting, and monthly/quarterly reporting (as needed)
• Handling special projects as needed
Job Requirements:
• 4-6 years of real estate accounting experience (private or public) and cash management
• Bachelor’s Degree in Accounting or Finance preferred
• Strong proficiency in Excel, QuickBooks and MRI (including the Commercial Management, AP/AR, GL and Budgeting Modules)
• Experience with family office bookkeeping or regular investment account reporting preferred
• Must be self-directed, motivated and logical in problem solving; well organized with attention to detail; follow through with assignments
• Able to communicate effectively with managers and coworkers
• Strong interpersonal skills with an approachable and professional demeanor
• Highly motivated, self-starter, driven, flexible and a genuine team player
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