Property Accountant

3 days ago


Dallas, United States Financial Additions Full time

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
  • 3+ 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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