Property Accountant, Commercial Real Estate

Job Summary

The Property Accountant is responsible for the day-to-day accounting operations of commercial real estate assets. This position manages an assigned portfolio of properties, with portfolio size and composition determined by property complexity, transaction volume, reporting requirements, and business needs, encompassing all ancillary accounting functions related to those assets.

Essential Duties

• Review and analyze property management financial reports across individual assets within the assigned portfolio.
• Collaborate with property accountants, banking personnel, and property managers to ensure accurate and timely financial reporting.
• Oversee and execute cash management functions.
• Record, reconcile, and maintain the integrity of financial data.
• Prepare and deliver monthly, quarterly, and annual client financial reports.
• Compile and prepare annual audit and tax work papers in support of external reporting requirements.
• Prepare monthly bank reconciliations for all asset-level bank accounts.
• Calculate and prepare statements of cash flows in accordance with applicable accounting standards.
• Support additional projects and initiatives as assigned by management.

Requirements

• Bachelor's Degree in Accounting or Finance
• 2–3 years of accounting experience, preferably within the commercial real estate industry
• Exceptional attention to detail with a commitment to accuracy
• Strong analytical and problem-solving abilities
• Excellent verbal and written communication skills
• Proven ability to manage competing priorities and meet deadlines in a fast-paced environment
• Solid understanding of variance analysis, including actual-to-budget comparisons
• Advanced proficiency in Microsoft Office Suite
• Experience with MRI software is a plus