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Property Accountant

4 months ago

Newton, United States The RMR Group Full time

Overview:

Perform accounting support functions for commercial real estate properties. This position requires close coordination with the Property Manager, Department Managers, Corporate Accounting, AR/AP, Lease Administration and the Systems Manager. The Property Accountant reports to the Accounting Manager, while accepting direction from the Senior Property Accountant.

Responsibilities:
  • Maintain GAAP accrual general ledgers.
  • Prepare and process monthly journal entries. Produce monthly financials according to the established schedule and analyze results. Communicate concerns to the Accounting Manager.
  • Review income, expense, and in progress capital jobs for accurate coding, payment and necessary accruals. Resolve issues with the Property Manager or other departments as necessary.
  • Review new monthly leasing activity and work with the Lease Administration team and Accounting Manager to ensure proper revenue recognition.
  • Review lease documents and prepare summaries of material leasing activity, verifying dates and dollars and identifying potential lease liabilities.
  • Prepare monthly bank reconciliations.
  • Prepare and maintain quarterly workpapers as described in the standardized workpaper model.
  • Prepare quarterly and annual operating escalation reconciliations to ensure accuracy and completeness of revenue recognized. Review tenant leases to ensure accurate CAM billings.
  • Perform special projects as needed and provide support to the accounting and property management teams.
  • Attend weekly staff meetings and participate in reporting and other meetings as required by property management and or accounting.
Qualifications:
  • Bachelors degree in Accounting.
  • Basic understanding of general ledger activity, preference with Yardi application.
  • Proficiency with Excel and other MS applications.
  • 2-4 years of accounting experience, two years within the commercial real estate industry. Alternatively, 2-4 years of public accounting experience with real estate clients.
  • CPA a plus.
  • Ability to work in a fast-paced environment, with the ability to multitask and meet deadlines.
  • Must be a team oriented, problem solver.
  • Strong communication skills, both verbal and written, are essential.
  • Ability to collaborate with internal and external teams.


Company Overview:

The RMR Group (Nasdaq: RMR) is a leading U.S. alternative asset management company, unique for its focus on commercial real estate (CRE) and related businesses. RMRs vertical integration is strengthened by over 1,100 real estate professionals in more than 30 offices nationwide who manage over $41 billion in assets under management and leverage more than 35 years of institutional experience in buying, selling, financing and operating CRE. RMR benefits from a scalable platform, a deep and experienced management team and a diversity of real estate strategies across its clients. RMR has been recognized by The Boston Globe as a Top Place to Work, by the Environmental Protection Agency (EPA) as an ENERGY STAR Partner of the Year and ranked by the Building Owners and Managers Association (BOMA) as having one of the highest number of BOMA 360 designated properties in its portfolio. RMR is headquartered in Newton, MA and was founded in 1986.

RMRs mission is to create long term value for our clients by managing their investments and assets like we own it an approach that consistently and repeatedly generates opportunities for all our employees, investors and stakeholders. We are guided by six core values:

  • Integrity at Our Core.
  • Perform Passionately and Effectively.
  • Inspired Thinking.
  • Like We Own It.
  • Power of We.
  • Mutual Respect.

Visit our website to learn more about what makes The RMR Group a rewarding place to build a career.

Follow RMR on LinkedIn, on Instagram @thermrgroup and on Twitter @The_RMR_Group.

The RMR Group is an equal opportunity employer. Qualified applications will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status. For our EEO Policy Statement, please click here. If youd like more information on your EEO rights under the law, please click here.