Property Accountant

Property Accountant Working Hours: M-F, flexible work window (6am-5pm CT) Salary Range: $1500-$2000/month About The Company Client has been in the commercial real estate business for 85 years. Its property management portfolio currently consists of office and retail properties covering approximately 13.9 million square feet. A core conviction of the Company’s Principals is the belief that each employee is responsible for making an important contribution to the success of the Company, as well as the performance of the properties in the Company’s portfolio. This expectation is not limited by the specific parameters of the job description. It is our expectation that each employee will offer his/her help wherever and whenever reasonably necessary to ensure the success of the Company’s endeavors. General Position Summary Performs a variety of professional level accounting duties in support of a diverse portfolio, including preparing basic financial statements and monthly close of the general ledger. The position is responsible for the overall financial accuracy of property management reports, financial statements, journal entries and general ledgers. The Staff Property Accountant reports to the Senior Accountant to carry out responsibilities in a manner that is consistent with the high standards of the Company for the accounting and finance department. Essential Functions / Major Responsibilities Prepare monthly journal entries and monthly general ledger close, including the investigation, verification, and reconciliation of all general ledger accounts on assigned property trial balances with sub‑ledgers and appropriate support schedules (including maintaining the fixed asset database and recording of depreciation and amortization). Prepare/Analyze financial statements for an assigned real estate portfolio (10 to 15 assets) with limited supervision. Review general ledger for unusual variances, prepare reclassifications and make necessary journal entries to ensure the financial statements are fairly stated and facilitate publication. Utilize closing settlement statements, prepare and record the journal entries for the acquisition, financing and disposition of real estate assets and analyze sale agreements for post‑closing transactions. Prepare/review monthly AR Reports and management fee calculations in accordance with property management agreements. Participate in the preparation of annual budgets and annual tenant expense reconciliations (CAM & RET). Prepare quarterly/annual work paper packages and participate in the annual audit process. Communicate with A/P and A/R Clerks to discuss any collections and bank reconciliation issues. Prepare monthly distributions. Other related duties and assignments as required. Interpersonal Contacts It is essential that the Property Accountant reflects and adheres to the highest standards of ethical behavior. He or she is expected to express a professional, courteous attitude and be team oriented. Specific Job Skills Strong knowledge of generally accepted accounting principles and experience with year‑end audits. Ability to analyze, evaluate and act on issues and/or problems, reach sound conclusions, take appropriate action and communicate results to all relevant parties including financial partners and property team members. Good presentation skills—verbal, written and interpersonal communication skills, as well as good computer skills. Proficient in Microsoft Office. Experience with MRI and Yardi required. Excellent organizational and time management skills; strong attention to detail and commitment to meeting deadlines. Education and/or Experience Bachelor’s Degree in accounting or related field. A minimum of 3‑5 years of property accounting experience, 1‑2 years at the senior level preferred. Some accounting experience in the commercial/shopping center/retail space (must have). Job Conditions Position experiences interruptions, need for frequent shifting priorities and to meet deadlines. The position may occasionally require attendance at evening meetings. #J-18808-Ljbffr