Job Description

Financial Additions has partnered with an excellent real estate client in search of a Senior Property Accountant. Please take a moment to review the job description below and apply. Someone from our team will get back to you in 24-48 hours.

Description

• Manage full-cycle accounting for commercial real estate properties as assigned
• Reconcile and comprehend all balance sheet accounts and produce monthly financial statements with supplementary reporting as required
• Utilize budgets and other tools to analyze variances and reconcile payments applied against major contract values
• Ensure all legislated taxes and assessments are reconciled and remitted
• Monitor cash positions and anticipate future cash deficiencies
• Monthly bank reconciliations including follow up and correction of outstanding items
• Monitor and review monthly receivables for accuracy, adjustments, and/or corrections
• Supply tenant analysis and statements of account as required
• Monitor and review accounts payable coding for accuracy
• Calculate and analyze year end operating cost adjustments (Op. Ex. or CAM) and tenant billings for assigned properties
• Review account records such as credit memos and cash receipts to ensure accurate accounts
• Prepare monthly non reoccurring tenant billings including utility sub metering for property manager’s review and approval
• Prepare monthly accruals for property manager’s review and approval
• Assist property manager with monthly reporting, to include revenue variance explanations and overall review before submission to General Manager
• Security deposit and Letter of Credit monitoring, assessing tiered refunds with property manager’s review
• Lease Administration, implementation of lease data into MRI Real Estate Software
• Calculate and post Percentage Rent, as needed
• Consolidate monthly reporting package for submission to ownership
• Interact and facilitate, on a group and individual basis, the business activities of accounting, as well as external clients such as tenants, investors, vendors, affiliates, and other intermediaries as requested
• Develop and review property reports, documentation, presentations, email communication and all other correspondence.
• Ensure that all financial reporting is in accordance with Generally Acceptable Accounting Principles (GAAP)
• Perform financial analysis, modeling, and budgeting activities
• Account, book, and reconcile the general ledger as appropriate.

Requirements

• Bachelor’s Degree in Accounting from an accredited university is required, CPA preferred
• 5-7+ years of experience commercial real estate or REIT accounting is required
• Advanced experience and familiarity with MRI Real Estate Software and MS Office Suite (Excel, Word, PowerPoint, and Outlook) are required
• Personal & Interpersonal skills a successful candidate for this position would possess would include;
• Independent motivation in an individual who seeks to constantly prove their ability to be flexible and thrive when facing new challenges in a relatively unstructured environment.
• Polished and professional demeanor in both verbal and written forms of communication
• A high degree of discretion as duties and responsibilities of the position relate to safeguarding confidential information

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