Property Accountant

We are seeking a Property Accountant to take ownership of the full-cycle accounting and reporting for an assigned portfolio of income properties. This role includes managing reconciliations, working capital, budgeting, and forecasting. The successful candidate will collaborate with teams across property management, leasing, accounting, finance, and tax to provide consolidated information and ensure accurate financial reporting. This is an excellent opportunity to play a pivotal role in the financial operations of a dynamic organization.

Maintain lease and tenant information in Yardi, and process annual rent schedules

Prepare operating cost reconciliations for tenants and respond to tenant inquiries

Review and ensure accuracy of rent rolls

Coordinate chargebacks to tenants

Calculate monthly management fees

Support property budget process

Prepare budget variance analysis reports and report significant variances

Set up new properties, record fixed asset purchases and set up amortization schedules

Support asset valuation calculations

Work closely with the property management and leasing teams

• Maintain the general ledger and ensure consistency with GAAP, including accruals, amortization, and bad debts
• Oversee AR, including reporting and assisting with collections
• Monitor the AP cycle, including approving invoices and purchase orders
• Ensure sources and uses of funds are appropriately monitored to:

o meet working capital requirements in accordance with the budget

o maintain owner equity requirements including distributions and capital calls

• Prepare requisitions for intercompany reimbursements and investor distributions
• Meet monthly, quarterly, and year-end deadlines including preparation interim and year-end reports, trial balances, financial statements, and consolidated working papers

 

• Support treasury team with property financings
• Review employee expense reimbursement requests
• Communicate key issues with management
• Proactively problem solve and identify areas for improvement
• Assist with special projects and other duties as assigned by management