Property Accountant

Property Accountant

Immediate Supervisor: Property Assistant Controller

Job Summary:  The Staff Property Accountant is responsible for accurately preparing and maintaining financial information for a wide-ranging portfolio of commercial real estate properties.

Responsibilities:

• Coordinate with internal and external asset and property managers and assist in the monthly accounting close (prepare bank reconciliations, prepare and post insurance and real estate tax expense journal entries on an accrual basis, prepare CAM adjustments for properties that are managed in-house, record fixed assets and post depreciation expense, and prepare GAAP journal entries for all properties - including straight-line rent and above/ below market rents).
• Streamline and improve the month-end close process by developing, implementing and enhancing accounting control procedures.
• Assist in the performance of key controls under SOX 404 program.
• Take a lead role in the month-end close process for multifamily properties, including preparing, entering and uploading general ledger journal entries, and importing external system data into the general ledger. Ensure timeliness and accuracy of process.
• Reconcile accounts on a monthly basis.
• Review and maintain financial records and sub-ledgers to ensure compliance with GAAP.
• Analyze accounts for unusual or unexpected activity.
• Perform income statement variance analytics comparing current period results to prior periods and budget.
• Resolve accounting discrepancies and irregularities.
• Assist with the portfolio consolidation and inter-company eliminations.
• Assist with quarterly and annual SEC financial reporting.
• Assist with pulling samples and other requests from the external auditors.
  
  

Minimum Qualifications and Preferred Skills:

• Bachelor’s degree in Accounting.
• 2-4 years’ experience with commercial real estate or property accounting preferred.
• Proficient in MS Excel, Word and Outlook.
• Yardi software experience preferred.
• Strong verbal and written communication skills.
• Solid organizational skills with superior attention to detail.
• Great interpersonal and relationship-building skills.
• Accountability for personal productivity and strong time management skills are required.
• Ability to take a logical and analytical approach to solving problems and resolving issues.
• While performing the duties of this job, the employee regularly works in an office setting and is regularly required to use hands and fingers to handle, feel, or operate objects, tools or controls, and reach with hands and arms. The employee is frequently required to sit, stand, walk, stoop or kneel, talk and hear. Must occasionally lift and/or move up to 20 pounds. The physical demands described here are representative of those that must be met by an employee to successfully perform, the essential functions of this job. Occasional travel to various worksites may be required.