Property Accountant

About the role

Responsible for providing timely and accurate reporting of the financial operations of assigned properties. This includes financial reporting, budgeting, forecasting and cash management.

Responsibilities

• Provide financial reporting, budgeting, forecasting and cash management for assigned properties.
• Manage general ledgers for assigned properties, including monthly journal entries, income and expense accruals, expense recovery true-ups review, GAAP adjustments and bank reconciliations.
• Understand accounts payable (AP), accounts receivable (AR), cash receipts and lease administration functions of commercial real estate and how they drive financial results.
• Prepare monthly and quarterly reporting packages on the assigned portfolio of properties, including analyses and support schedules of all balance sheet accounts and explanations of significant variances in income statement accounts.
• Review annual expense reconciliation schedules and billings to tenants.
• Prepare detailed interim and year-end working papers and support schedules requested by internal and external auditors.
• Work with external auditors and prepare the draft annual financial statements and notes.
• Aid in audits by conducting research, analysis, documentation and response.
• Review and assist with the annual property budget and quarterly forecast review, which includes reviewing lease and expense data in prescribed software to generate revenue, expense and capital budget/forecasts, and preparing property GAAP adjustments.
• Prepare monthly cash forecasts.
• Assist managers and controllers with ad hoc requests.
• Handle special projects, as assigned.

Desired Competency, Experience And Skills

• Communication, presentation and interpersonal skills
• Strong analytical ability
• Well-organized; self-starter, able to handle multiple priorities
• 2+ years of public accounting and/or commercial real estate accounting experience preferred
• Knowledge of GAAP (specifically, real estate)
• Understanding of property management in relation to financial accounting, recoveries, budgeting and forecasting
• Bachelor’s degree in Accounting preferred; CPA a plus, but not required
• Experience in MRI, Yardi, Skyline, JD Edwards, CTI systems desired
• Proficiency in PC-based software such as Microsoft Excel

Pay

Pay Range: $80,000 - $90,000 USD

Schedule

N/A

Benefits

N/A

Skills

• Communication, presentation and interpersonal skills
• Strong analytical ability
• Well-organized; self-starter, able to handle multiple priorities
• 2+ years of public accounting and/or commercial real estate accounting experience preferred
• Knowledge of GAAP (specifically, real estate)
• Understanding of property management in relation to financial accounting, recoveries, budgeting and forecasting
• Bachelor’s degree in Accounting preferred; CPA a plus, but not required
• Experience in MRI, Yardi, Skyline, JD Edwards, CTI systems desired
• Proficiency in PC-based software such as Microsoft Excel

Benefits

N/A

Qualifications

N/A

Requirements

N/A

Benefits

N/A

Skills

• Communication, presentation and interpersonal skills
• Strong analytical ability
• Well-organized; self-starter, able to handle multiple priorities
• 2+ years of public accounting and/or commercial real estate accounting experience preferred
• Knowledge of GAAP (specifically, real estate)
• Understanding of property management in relation to financial accounting, recoveries, budgeting and forecasting
• Bachelor’s degree in Accounting preferred; CPA a plus, but not required
• Experience in MRI, Yardi, Skyline, JD Edwards, CTI systems desired
• Proficiency in PC-based software such as Microsoft Excel