Senior Property Accountant

1 month ago


Newport Beach, United States Avance Consulting Full time
Job DescriptionJob Description

About the job:

Seeking an experienced Senior Property Accountant with YARDI or MRI commercial property accounting software experience for our Newport Beach, CA office.

In this position, you will manage the full-cycle accounting for commercial real estate properties as assigned, including producing financial statements, preparing bank reconciliations, monitoring and reviewing monthly receivables, and calculating and analyzing year end operating cost adjustments.

Manage full-cycle accounting for commercial real estate properties as assigned in accordance with federal income tax method of accounting.

Responsibilities:

• Reconcile all balance sheet accounts and produce monthly financial statements with supplementary reporting as required.

• Prepare monthly accruals as needed.

• Perform final review and approve accounts payable invoices coding.

• Prepare monthly bank reconciliations, including accounting for outstanding items.

• Utilize budgets and other tools to analyze variances with property manager and reconcile payments applied against major contract values.

• Review lease abstracts prepared by property managers to ensure terms are correct and upload into Yardi.

• Monitor cash positions and anticipate future capital calls required.

• Monitor and review monthly receivables for accuracy, adjustments, and/or corrections.

• Calculate and analyze year end operating cost adjustments (i.e., op ex or CAM) and tenant billings for assigned properties.

• Provide various treasury management functions (e.g., cash transfers, wire approvals, etc.) on a timely basis.

• Work with Tax Manager, ensure all taxes and assessments are reconciled and remitted.

• Work with Property and Asset Managers to prepare ad hoc financial forecasts and annual budgets.




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