Addison Group Los Angeles, in partnership with our Commercial and Residential Real Estate-oriented West L.A. based client, seeks a Senior Property Accountant on a direct hire basis.
Job Description – The hired Senior Property Accountant will perform day-to-day accounting tasks and assist in the M/E closing process. You will also provide all information necessary for timely financial reporting. You will report to the Director of Accounting and Finance.
Job Site Status (Remote/Mixed/Onsite) – Our client has an onsite work schedule.
Culture/Environment – Our client prides itself on having a supportive, dynamic, fast-paced environment.
Compensation/Benefits – Salary range is $80,000-$100,000/year. Our client supplements base compensation with standard benefits and a bonus.
SENIOR PROPERTY ACCOUNTANT DUTIES
General Ledger (G/L) Accounting
- Perform all G/L full cycle accounting functions (A/P, A/R, Payroll, Bank Reconciliations, Journal Entries, audit) for all corporate entities
- Prepare intercompany expenses
- Record reimbursements
- Prepare month-end accruals
- Reconcile balance sheet and bank accounts monthly
- Assist in closing the books monthly
Property Accounting
- Calculate monthly and quarterly asset management and construction management fees
- Assist with lease capitalization journal entries and reconciliations
- Invoice rents
- Reconcile tenant ending balances with the assistance of on-site manager to spot discrepancies
- Contact managers of all tenant delinquencies
Cash Management
- Monitor cash balances
- Open new bank accounts
- Track wire transfers
Miscellaneous Accounting Tasks
- Supervise and manage a property accountant
- Help audit the balance sheet
- Assist the Finance department in budgeting and forecasting projects by providing any necessary information
- Assist in all external and internal audits
- Suggest any accounting improvements to Accounting processes and procedures
- Prepare monthly and year-end financial statements
- Accept any other ad-hoc tasks
SENIOR PROPERTY ACCOUNTANT QUALIFICATIONS
Required
- Bachelor’s degree in finance, Accounting, or Business Administration or equivalent work experience
- At least three (3) years of property accounting experience in a real estate company
Preferred
- A CPA or CPA tracking
- Knowledge of Generally Accepted Accounting Principles (GAAP)
SENIOR PROPERTY ACCOUNTANT SKILLS
Required
Technical
- Intermediate-level Excel proficiency (v-lookups, pivot tables, IF formulas, et. al)
- Yardi
Interpersonal
- Willingness to take on significant responsibility
- Ability to work independently
- Entrepreneurial mind-set
- Ability to supervise other accounting professionals
- Sound critical thinking skills
For further information, submit your resume in MS Word format to me. I will hold all inquiries in the strictest confidence.