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Property Accountant

3 months ago


Stamford, United States Creative Financial Staffing Full time

CFS has partnered with a prominent real estate firm to identify a smart and eager Property Accountant to join their team ASAP The Property Accountant's focus is managing the financial reporting for a set of properties, ensuring accuracy and compliance with accounting standards alongside the Group Controller.

Why should you work here?

  • World-class portfolio with commercial and residential properties
  • Portfolio consists of 100+ properties including high profile properties and international properties
  • Strong employee tenure - low turnover and opportunity to work with executives that have been in the industry for decades

What you'll do as Property Accountant:

  • Preparation of the monthly, quarterly and year end closings, including supporting schedules, financial review, variance analysis and the prompt resolution of issues
  • Preparation of financial statements in accordance with the GAAP, Tax and Fair Value basis of accounting
  • Assistance with reporting to management, investors and lenders
  • Work closely with independent CPA Firm(s) for annual year-end audits
  • Cash flow monitoring and management
  • Preparation of annual property and fund level budgets
  • Review and approval of certain property expenses such as real estate taxes, insurance and capital costs
  • Billing and collection of the annual CAM/Tax reconciliations
  • Sales tax filings (as applicable)
  • Complete escalation calculations
  • Oversight of the lease administration, accounts receivable and accounts payable functions, to ensure compliance with the Company's policies and procedures
  • Ad hoc reporting as needed
  • With solid performance, there is opportunity for more responsibility and advancement.

What we are looking for in a Property Accountant:

  • 3+ years of experience with accounting for commercial real estate
  • Bachelors degree in accounting or a related field
  • Solid understanding of Financial Statements and of GAAP, Fair Value and Tax basis of accounting
  • Experience with Real Estate Industry Software (Yardi, MRI)