Property Accountant

About the role

As an Accountant for assigned properties, you will take full responsibility for all related tasks. This includes understanding and analyzing information from shared services departments to evaluate its economic and financial impact on the properties. Your role requires a strong working knowledge of this information to ensure accurate financial reporting and effective property management.

Responsibilities

• Accept overall responsibility and ownership of accounting and financial reporting matters for assigned properties.
• Understand information received from other shared services departments and critically analyze the impact of such information on properties economically and from a financial reporting perspective.
• Analyze in detail all factors affecting net operating income and net profit.
• Prepare analysis of partner distributions in relation to expected cash inflows/outflows and current cash position.
• Prepare accrual and general journal entries at month-end.
• Prepare financial statements monthly along with an electronic working paper package that contains variance comments quarterly and serves as a detailed audit trail.
• Prepare actual versus budget/prior year monthly analysis with variance explanations for property reports.
• Work effectively with the Property Manager to develop variance explanations.
• Prepare quarterly projections/budgets of accounting data for assigned properties.
• Manage and ensure payment of debt service, ground leases, real estate taxes, and other miscellaneous special payments.
• Analyze and reconcile related general ledger accounts monthly.
• Serve as primary liaison with Accounts Payable and Property Mall Team on general ledger coding questions.
• Research agreements, ordinances, etc. to ensure accurate calculations.
• Perform occasional special projects.
• Aid in year-end audit with outside auditors.

Requirements

• Bachelor's Degree in Accounting is required.
• 1-2 years of relevant experience.
• Strong understanding of accounting principles.
• Proficiency in Excel.
• If you have Yardi experience, that's definitely a plus.

Qualifications

• Excellent communication skills and a team-oriented mindset.
• Ability to identify, comprehend and solve problems through review of accounting and financial data.

Skills

• Strong analytical skills.
• Attention to detail.
• Effective problem-solving abilities.

Benefits

Macerich offers best-in-class benefits with affordable employee contribution levels, including Generous paid time off, 401(k) match with immediate vesting, Ability to purchase company stock at a 15% discount, 24 paid volunteer hours and employer charitable match, Employee Assistance Program, Career-development resources, Comprehensive wellness program, and more...

Pay

The compensation for this position is determined based on several factors, including the candidate's experience, qualifications, and the specific requirements of the role. Final salary offers will be discussed during the interview process and will reflect the candidate's skills and the company's compensation structure.

Schedule

Remote Fridays are available.