Senior Property Accountant

This position is responsible for providing accurate and timely financial reporting for a designated portfolio of properties. The incumbent will work closely with property managers to ensure consistent and effective financial operations and will play a key role in implementing company-wide accounting and reporting initiatives. This role requires strong analytical and communication skills, as well as a thorough understanding of accounting principles and property management operations.

Responsibilities:

• Reports accurately and timely, the financial records of the assigned portfolio, including budgets and forecasts
• Works closely with the property managers to ensure consistency and promote effectiveness in operations reporting
• Ensures implementation of company-wide property management accounting and reporting initiatives
• Prepares monthly reporting packages for institutional owners and asset managers with input from property management
• Maintains a calendar of all required by debt covenant reporting deadlines for assigned properties and prepares accurate and timely reporting as required by covenants
• Prepares and reviews monthly accruals and straight-line rent journal entries
• Reconciles balance sheet account monthly
• Records tax basis entries as needed for year-end and prepares tax and applicable audit work papers
• Ensures delinquency reports are correct and contacts property management about serious delinquencies
• Understands lease terminology and works closely with Lease Administrators
• Monitors cash and ensures that critical payments are made timely and prepares funding reports as needed
• Participates in budget preparation by providing information and analysis to property managers
• Reviews budgets for accuracy and uploading into accounting software
• Prepares monthly bank reconciliations for assigned properties
• Tracks tenant upfit allowances using EXCEL and job costing software
• Maintains fixed asset listings and depreciation
• Analyzes data from several sources and provides accurate and complete answers for owners
• Prepares personal property tax listings and monitors sales/use tax for owners
• 40-45 hours per week based on reporting cycles
• Handles other duties as assigned by Assistant Controller

Desired Competency, Experience and Skills:

• Four-year degree in Accounting required
• 4 years of real estate and/or public accounting experience preferred
• GAAP experience required
• Exhibits strong interpersonal and critical thinking skills
• High degree of professionalism in addition to excellent communication, analytical, and problem-solving skills
• Team oriented, with the ability to build effective relationships in a cohesive business environment
• High proficiency in EXCEL is desired
• MRI and/or Yardi preferred
• FAS asset software