Senior Property Accountant

2 months ago

Philadelphia, United States Arden Logistics Management, LLC Full time
Description

Job Description: Senior Property Accountant (Philadelphia, PA)

ARDEN LOGISTICS PARKS

Arden Group is a vertically integrated real estate investment management firm focused on equity and debt investments in the top 25 US MSA's. Founded in 1989, Arden Group has acquired approximately $7 billion of properties and assets managed in excess of $12 billion of commercial real estate assets.

Established by Arden Group in 2021 as a best-in-class logistics real estate operating platform, Arden Logistics Parks specializes in the acquisition, improvement and property management of light industrial business parks and industrial outside storage. Our real estate investment business operates a geographically diverse portfolio of more than 10 million square feet. of last mile facilities in 12 highly sought-after markets of urban infill locations throughout the United States.

Recently listed as "Best Places to Work in PA" for 2023, our firm provides a supportive and exciting culture for our employees to challenge themselves and thrive. As a growing firm, we are looking for experienced team members with a passion for working in a high-growth environment. We value employees who are RESPONSIVE, TENANT-CENTRIC, and NIMBLE and we've created an environment for such employees to flourish as we continue to expand.

Position Overview

Reporting to the Assistant Controller, the Senior Property Accountant will play a critical role across our portfolio of industrial assets.

The position is in Philadelphia, PA and is not a remote position.

Responsibilities
  • Prepares and enters journal entries in accordance with Generally Accepted Accounting Principles for assigned portfolios.
  • Provide guidance and review work performed by third-party offshore staff accounting team, including but not limited to oversight of bank reconciliations and monthly accounting workpapers.
  • Independently analyzes and explains variances in financial results (budget/forecast-to-actual and month-to-month)
  • Independently analyzes and explains variances between the General Ledger and other systems.
  • Prepares account reconciliations for property related accounts to assess validity, correctness, and appropriateness of balances; prepares adjusting entries when required.
  • Work closely with Property Management and Asset Management teams for assigned regions to closely monitor operations and impact to financials, ensuring policies and procedures followed correctly and timely, including for tenant move-ins and move-outs and annual CAM reconciliations.
  • Assists in the preparation and review of property budgets.
  • Understands lease set up in property management system (Yardi) and able to verify accuracy against executed lease document(s)
  • Understands and can independently apply our capitalization policy and work with internal parties to manage capital expenditures draw process with lenders.
  • Reviews monthly sales tax transactions and prepares required forms submitted to taxing authority(ies) in applicable markets.
  • Understands the functionality of Yardi accounts receivable transactions and fully comprehends the impact of these transactions on the general ledger.
  • Understands the CAM Reconciliation/true-up process, verifies accuracy of Yardi system calculations.
  • Assist in onboarding new properties as acquired to fold into monthly reporting process and help facilitate true up process with prior owners.
  • Records property tax accruals and/or amortization of prepaid property taxes; and trues up expense accruals and the liability or prepaid account. Ensures tax payments are made timely.
  • Comprehends policies and procedures and can provide assistance to other team members. Provides recommendations for improving current practices.


Essential Qualifications
  • Bachelor's degree in accounting/finance or related field
  • 3+ years general accounting experience
  • Proficient Microsoft Office Suite (Word, Excel, PowerPoint), Yardi Voyager, Internet and email knowledge.
  • Conscientious, detail-oriented and produces accurate financial results and reports within required deadlines.
  • Able to communicate effectively and efficiently with peers, Property Managers, and supervisors; provides a high degree of customer service to the field offices and is cognizant of situations where supervisors need to become involved.
  • Familiar with standard accounting concepts, practices, and procedures within the real estate industry
  • Display a strong sense of personal accountability to identify and work within required reporting timelines.


EEO Statement

Our company is proud to be an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. Our employment decisions are based on individual qualifications, job requirements and business needs without regard to race, color, marital status, sex, sexual orientation, gender identity and/or expression, age, religion, disability, genetic information, citizenship status, national origin, pregnancy, veteran status and or any other legally protected characteristics. We are committed to providing reasonable accommodation.

Physical Demands

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. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is regularly required to stand, sit, walk, use hands to finger, handle, or feel, reach with hands and arms, and talk or hear. The vision requirements include close vision and ability to focus. The employee may frequently lift and/or move up to 25 pounds.

The above job description is not intended to be an all-inclusive list of duties and standards of the position. Incumbents will follow any other instructions, and perform any other related duties, as assigned by their supervisor.

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