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Property Accountant

2 months ago

Houston, United States Creative Financial Staffing Full time

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:

  • Bachelor's 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.
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