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Property Accountant
3 months ago
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)