Property Accountant (6-month contract)

Key Responsibilities

• Obtain, review, and analyze property lease agreements, including review of new leases, amendments, modifications, renewals, and termination agreements.
• Verify fully executed lease documents to approved lease parameters.
• Determine applicable lease information for use in calculating the net effective rent for each new lease.
• Calculate operating expense reimbursement billings (estimates, reconciliations, and year-end accruals) for specific properties, taking into consideration budgets, adjusting for occupancy, specific expense exclusions, and other clauses.
• Determination of monthly revenue and expense accruals based on an analysis of trends, timing, and general ledgers of assigned portfolios; requires the ability to interact with operations personnel and translate discussions into impactful accounting decisions.
• Review building expenses for proper coding and research variances, engaging with field personnel to resolve potential issues/discrepancies.
• Perform operating revenue and expense variance analysis, comparing multiple periods as well as forecasted and actual results for use by field personnel and executive management.
• Provide recovery analysis for discretionary building costs to help optimize recoverability which includes discussions with property managers to understand the impact of certain costs.
• Review of annual building budgets; understanding year over year changes and trends.
• Prepare building-level entries, reconciliations and reports: i.e., balance sheet account reconciliations, occupancy statistics, terminations/early move-outs.

Requirements

• Strong attention to detail with the ability to analyze significant financial information.
• Ability to thrive in an environment of complex calculations.
• Assume responsibility for the accuracy and timeliness of work.
• Excellent organizational and time management skills.
• Excellent verbal and written communication skills.
• Ability to appropriately prioritize multiple tasks.
• Strong skills in analyzing and interpreting lease contracts and related financial data.

Education/Experience

• Bachelor’s degree in accounting, finance, or related field.
• 4+ years of experience in accounting, finance, or analytical capacity, preferably in the real estate field.
• General Ledger experience is required.
• Experience with JD Edwards software preferred.