Client Accountant

Transwestern is a vertically integrated commercial real estate firm dedicated to serving investors, partners and clients through expertise in investment, development, brokerage and property management. Our experience spans diverse property types, including logistics, multifamily, retail, mixed-use, healthcare, office, data centers, hotel, and life sciences. Across 35 offices nationwide, our team is united by a culture that cultivates agility, mutual trust and high performance.

About the role

The Client Accountant performs daily property accounting duties for assigned properties, including preparing financial reports, entering accrual and cash journal entries, reviewing operating statements and variance reports, preparing escalation and payable reviews, performing reconciliations, and ensuring accuracy, consistency, and adherence to the Management/Leasing Agreements and SOC1 controls. The Client Accountant also utilizes real estate accounting software (e.g., MRI, Yardi) to perform required tasks and works with property management to meet reporting deadlines, such as monthly operating reports, annual budgets, and escalation settlements. This position may be responsible for one or more properties and does not involve management or supervision.

Responsibilities

• Review all tenant billings and adjustments according to information provided by the Property Manager (PM). Submit Commercial Management (CM) batches for review and posting.
• Review and post cash receipt batches entered by Client Accounting Associate. Maintain property cash balances.
• Review and approve all large accounts payable disbursement items (e.g., Weekly A/P batches). Submit weekly Open A/P report for weekly check-run processing.
• Review and/or prepare bank reconciliations each month for all assigned bank accounts.
• Review or post the monthly posting of the Rent Roll by property management. Ensure changes from the prior month’s Rent Roll are reasonable (e.g., move-ins, move-outs, rent steps).
• Review aged delinquency report for adjustments, credits, and proper cash receipt application.
• Review and revise all supporting schedules with monthly charges as required by the Owner. Ensure sub-ledgers tie to the general ledger.
• Review the general ledger and income statement for additional adjusting entries. Confirm entries with the PM and book them.
• Review financial statements and monthly reports, ensuring supporting schedules tie to financial reports. Submit the monthly financial report package to the accounting manager for review.
• Monitor property bank account cash balances.
• Assist in review of prior year CAM, real estate tax escalation reconciliations, and address auditor questions as needed.
• Prepare calculations for owner distribution based on owner requirements and initiate monthly distributions as per the Property Management Agreement.
• Prepare monthly rent-up reports for property manager review. Post rent-ups after approval and make corrections/adjustments on tenant ledger as directed.
• Ensure timely payment of mortgages and property taxes.
• Calculate the monthly Management Fee and/or Incentive Management Fee due to Transwestern, including all required backup documents.
• Maintain scanned copies of monthly financial reporting packages, bank statements, and reconciliations. Load documents into OneSpace.
• Communicate effectively with clients, internal and external auditors, tax preparers, and team members as required.
• Calculate and file sales tax. Close accounts payable, commercial management, and general ledger modules each month as appropriate.
• Perform or assume additional client accounting duties as assigned.

Requirements

• A bachelor's degree with emphasis in accounting, finance, or related field preferred.
• A minimum of 2-3 years of recent fee-based property management accounting experience.
• Working knowledge of financial terms and principles, including current accounting methods (cash and basic accruals).
• Ability to apply generally accepted accounting principles (GAAP).
• Working knowledge of budget reporting requirements for each Owner and ability to assist in the preparation of annual budgets.
• Working knowledge of the escalation and operating expense budgeting and settlement process, including calculation of “gross-ups.”
• Experience with real estate accounting software, preferably MRI and/or Yardi.
• Proficiency with Microsoft Word, Excel, and Adobe.
• Strong analytical capabilities with a high attention to detail.
• Ability to handle multiple projects, changing priorities, and demanding, time-sensitive workloads.
• Ability to work independently, receive general supervision, and manage tasks efficiently.
• Ability to provide efficient, timely, and courteous service to internal and external customers.
• Ability to maintain confidentiality of information and internal communications.
• Excellent verbal and written communication skills.
• Must be able to remain in a stationary position 50% or more of the time and constantly operate a computer and other office productivity machinery (e.g., calculator, copy machine, printer). Reasonable accommodations may be provided upon request.

About Us

Our firm is built on a shared purpose: Empowering good people to do extraordinary things together. We hire smart, passionate, hard-working people who value both collaboration and independence. United by our brand promise, we own the outcome for clients, investors, and partners.