Staff, Property Accountant

About the role

Perform accounting support functions for commercial real estate properties. This position requires close coordination with the Property Manager, Department Managers, Corporate Accounting, AR/AP, Lease Administration, and the Systems Manager. The Property Accountant reports to the Accounting Manager while accepting direction from the Senior Property Accountant.

Responsibilities

• Maintain GAAP accrual general ledgers.
• Prepare and process monthly journal entries.
• Produce monthly financials according to the established schedule and analyze results. Communicate concerns to the Accounting Manager.
• Review income, expense, and in-progress capital jobs for accurate coding, payment, and necessary accruals. Resolve issues with the Property Manager or other departments as necessary.
• Review new monthly leasing activity and work with the Lease Administration team and Accounting Manager to ensure proper revenue recognition.
• Review lease documents and prepare summaries of material leasing activity, verifying dates and dollars and identifying potential lease liabilities.
• Prepare monthly bank reconciliations.
• Prepare and maintain quarterly workpapers as described in the standardized workpaper model.
• Prepare quarterly and annual operating escalation reconciliations to ensure accuracy and completeness of revenue recognized.
• Review tenant leases to ensure accurate CAM billings.
• Perform special projects as needed and provide support to the accounting and property management teams.
• Attend weekly staff meetings and participate in reporting and other meetings as required by property management and/or accounting.

Requirements

• Bachelor’s degree in Accounting with a 3.0 minimum GPA.
• Basic understanding of general ledger activity; preference with Yardi application.
• Proficiency with Excel and other MS applications.
• 2-4 years of accounting experience, with at least two years within the commercial real estate industry. Alternatively, 2-4 years of public accounting experience with real estate clients.
• CPA is a plus.
• Ability to work in a fast-paced environment, multitask, and meet deadlines.
• Must be a team-oriented problem solver.
• Strong communication skills, both verbal and written, are essential.
• Ability to collaborate with internal and external teams.

Benefits

Employees who work at least 21 hours per week are eligible to participate in The RMR Group’s benefits plans, including:

• Health Insurance
• Dental Insurance
• Vision Insurance
• Life & Disability Insurance
• Health Savings Account (HSA) & Flexible Spending Plans (FSA)
• 401(k) Plan with Employer Match
• Holidays, Vacation & Sick Time
• Parental Leave
• Tuition Assistance
• Matching Gift Program
• Wide array of voluntary, employee-paid benefits to choose from, including Critical Illness & Accident Insurance, Identity Theft Protection & Pet Insurance

Pay

The estimated base compensation range for this position is $78,000 to $98,000 per year. RMR considers several components including an individual's skills, qualifications, experience, internal equity, and market data.