Property Accountant
4 weeks ago
Job Description: Property Accountant - Commercial Real Estate
Perks of the Property Accountant role?
- Competitive Compensation and Benefits
- Hybrid Work Schedule
- Career Development Opportunities
Property Accountant Responsibilities:
- Financial Management:
- Collaborate with the Property Manager/Project Manager to ensure the accuracy of journal entries and maintain the general ledger.
- Perform cash management functions, including monitoring and recording cash transactions, and reconciling bank accounts.
- Prepare standard reference requests for new ACH/wire relationships.
- Accounts Receivable:
- Manage and coordinate the accounts receivable process in conjunction with Property Management.
- Conduct A/R analysis and collection efforts, including aging reviews and tenant correspondence regarding balances.
- Accounts Payable:
- Oversee accounts payable functions, including issuing checks, setting up wire/ACH payments, maintaining vendor files, and assisting with vendor inquiries.
- Lease Administration:
- Coordinate and prepare lease administration tasks, including setting up new leases in the accounting system, preparing tenant billings, and setting up tenant recovery profiles/pools.
- Prepare operating and tax expense reconciliations (true-ups) as required by governing documents such as leases and management agreements.
- General Ledger & Compliance:
- Record journal entries to the general ledger and ensure compliance with GAAP or other accounting standards.
- Review journal entries prepared by the Staff Accountant (if applicable) to ensure accuracy and completeness.
Property Accountant Qualifications:
- Bachelors degree in Accounting
- 1-2 years of experience in property accounting, preferably within the commercial real estate industry
- Or - 1 year public accounting experience
- Strong knowledge of GAAP and experience with general ledger functions.
- Proficiency in Yardi and Microsoft Excel.
- Excellent attention to detail, analytical skills, and the ability to manage multiple tasks.
Property Accountant Qualifications:
- Experience with lease administration and tenant recovery.
- Familiarity with commercial real estate accounting systems and practices.
- CPA or other relevant certifications.
#INAUG2024 #LI-PG1 - ZRCFS
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