Senior Property Accountant


The Property Accountant is responsible for corporate financial reporting, investment reconciliations, and property accounting. Must demonstrate attention to detail, critical thinking and the ability to communicate effectively with the Accounting and Finance team. The role requires a seasoned individual with a strong understanding of accounting/finance with a commitment to accuracy and meeting multiple, and at times critical competing deadlines.


Property Accounting

· Generate CPI or fixed rent increase letters and rent commencement letters

· Calculate and bill percentage rent

· Enter and maintain tenant data in accounting and budgeting / forecasting systems

· Interface with tenants regarding collections and billing issues

· Review and enter A/R adjustments and miscellaneous invoicing

· CAM Reconciliation:

  • Analyze contributors, CAM pools, gross leasable area, occupancy, and CAM caps and exclusions and apply them into the calculation

· Prepare common area, tax and insurance impounds based on annual budget

· Prepare common area, tax, and insurance year-end reconciliation

· Prepare monthly property net operating income reports and analysis

· Maintain support for property balance sheet and income statement accounts for assigned properties

· Prepare month-end journal entries for assigned companies

· Review general ledger and adjust/explain variances

· Prepare and present monthly financial statements to management

· Develop strong trusting relationship with general managers and property managers to have the property best interest in mind


· Contact with the KPMG auditors for the year-end audit.

· Manage the year-end “Prepared by Client (PBC)” list required for the audit.

· Prepare lead sheets for the year-end audit.

· Work closely across finance team to help drive budget process annually

Corporate Financial Reporting

· Prepare monthly management report

· Allocate G&A expenses and works with department’s head on analysis, budget, and forecast

· Prepare Quarterly debt compliance filings

· Other duties as assigned


· 5+ years of accounting experience in a corporate environment

· Real estate and/or public accounting experience extremely favorable

· Working knowledge of GAAP and internal controls

· Strong analytical and problem-solving skills

· Strong interpersonal and communication skills

· Strong spreadsheet (Excel) and word processing (Word) skills

· Ability to see the “big picture,” and prioritize competing requests

· Good understanding of fundamental accounting transaction flows including system interfaces

· Familiar with industry systems and platforms such as Yardi, MRI and banking platforms very important


Corporate employees are present at the office for four days a week (Monday to Thursday) and have the option to work remotely on Fridays, allowing for a balance between in-person collaboration and the convenience of remote work. Please note that the specific schedule may vary depending on the role and the nature of the work.


  • Our employees dress in professional business attire, and depending on the role, uniforms may be required and provided
  • Caruso cultivates a vibrant office culture through engaging initiatives such as organized social events, promote team-building activities, and celebrate milestones, all aimed at creating a positive and inclusive workplace atmosphere
  • Accessibility: our facilities are designed to be accessible for individuals with disabilities, including elevators and accessible restrooms.
  • Computer Work: proficiency in computer-based tasks is essential, as the position involves extended computer use
  • Physical Requirements: the role may require extended periods of both sitting and standing, so adaptability to both is necessary.
  • Physical Agility and Capability:the role may involve various physical demands, including but not limited to standing, walking, sitting, carrying, pushing, pulling, bending, stopping and reaching. Candidates should be prepared to meet these physical demands as necessary for the role
  • Travel Requirements: the ability to travel to and from our Southern California properties within our portfolio is essential. Occasional additional travel may be required, the extent of which depends on the role or event
  • Proficiency in English is vital as it serves the primary language of communication with the majority of our team, customers and vendors
  • Applicants are required to have the ability to perform the essential functions of the job, which includes effective communication, without posing a direct threat to their health or safety or the health and safety of others. Reasonable accommodations will be considered in compliance with applicable laws


Caruso has created a timeless collection of beloved destinations that reflect the unique fabric of the communities in which they live. Crafted with close attention to detail, award-winning architectural excellence, and unbridled imagination, the experience at each is at once comfortable and extraordinary. Whether it’s a town square, luxury apartment building, hotel or street-front retail collection, Caruso’s properties are captivating places where people from all over the world gather to live, work, shop, eat, and enjoy life.

At Caruso, we strive to be best in class at everything we do. Behind our properties stands a dedicated and accomplished team of the industry’s brightest visionaries who share a strong vision and passion for creating and operating beloved spaces.


  • Competitive salary with opportunities for performance-based bonuses, and comprehensive health insurance coverage
  • Generous paid time off (PTO) policies, including vacation days, holidays, and personal health days
  • 401k with discretionary company match
  • Confidential counseling and support services through Employee Assistance Program (EAP)
  • Comfortable office environment with ergonomic workstations, kitchen facilities, and access to complimentary snacks, beverages, and Monday lunches
  • Additional personal well-being and family care benefits, such as fitness reimbursement, fertility treatment coverage, and other supplement insurance aimed at supporting the overall well-being of employees and their families.


Caruso is an equal opportunity employer. We celebrate a diverse and inclusive workforce that reflects the communities we serve. We believe that diversity of thought, background, and experience makes us stronger and more innovative. We do not discriminate against any employee or applicant for employment and comply with all applicable laws providing equal employment opportunities. We foster a workplace where everyone feels welcome, respected, and valued. We are committed to creating a workplace where everyone can thrive.

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