Property Accountant

1 month ago

San Antonio, United States Merit Commercial Real Estate LLC Full time
Commercial Property Accounting & Multi-Entity Accounting experience is required.

Position Summary:

The Property Accountant will be responsible for various accounting tasks, ensuring accurate financial reporting, and providing support to the property management and finance teams.

Key Performance Outcomes:
  • Reconcile all accounts across all entities within ten (10) days of month end
  • Achieve a 100% on-time completion rate for financial reporting
  • Maintain journal entry accuracy rate of 99% or higher
  • Maintain account reconciliation accuracy rate of 99% or higher
  • Record and pay all commissions in the same month received with an accuracy rate of 99% or higher
Key Responsibilities:
  • General Accounting:
    • Prepare and maintain accurate financial records for multiple entities within the company
    • Perform month-end close procedures, including journal entries, account reconciliations, and financial statement analysis
    • Assist in the preparation of financial reports, budgets, and forecasts
    • Monitor and analyze general ledger accounts to ensure accuracy and completeness of transactions
    • Collaborate with other departments to gather necessary financial data and resolve discrepancies
  • Property Accounting:
    • Assist Property Manager is property-level accounting activities, such as rent roll analysis, lease administration, and tenant billing
    • Assist Property Manager as needed to reconcile property-level accounts, including bank accounts, security deposits, and accounts receivable/payable
    • Assist in the preparation of CAM (Common Area Maintenance) reconciliations and property tax assessments
    • Maintain accurate records of property-related financial transactions and ensure compliance with lease agreements
  • Multi-entity Accounting:
    • Coordinate and consolidate financial information from multiple entities within the company
    • Assist in the preparation of intercompany transactions and reconciliations
    • Ensure compliance with regulatory requirements and accounting standards across all entities
    • Support the preparation of consolidated financial statements, as needed
Qualifications and Skills:
  • Associate's degree in Accounting, Finance, or related field.
  • CPA certification or progress towards certification is preferred.
  • 3-5 years of relevant accounting experience, preferably in the commercial real estate industry.
  • Strong knowledge of accounting principles and practices, including construction and property accounting.
  • Experience with multi-entity accounting is highly desirable.
  • Proficiency in using accounting software (Yardi experience preferred)
  • Proficiency in using Microsoft Office, particularly Microsoft Excel.
Competencies:
  • Efficiency in work performance - ability to produce significant output with minimal wasted effort
  • High attention to detail - does not let important details slip through the cracks
  • Excellent organizational skills - plans and organizes in an efficient and productive manner and has the ability to prioritize well
  • Teamwork - reaches out to peers and cooperates with supervisors to establish an overall collaborative working relationship
  • Strong communication skills - ability to speak and write clearly and articulately in all forms of communication
  • Proactivity - acts without being told what to do after assignment is received and brings new ideas to the company.

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