Senior Property Accountant

4 weeks ago


Washington, Washington, D.C., United States Lincoln Property Company Full time
Job Title: Senior Property Accountant

Lincoln Property Company is seeking a Senior Property Accountant to assume the role of financial expert for a designated portfolio of complex properties. This person will be responsible for providing timely and accurate reporting of the financial operations, including financial reporting, budgeting, forecasting, and cash management.

Key Responsibilities:

  • Assist the Engineering team in the efficient operation, maintenance, and repair of all building systems.
  • Responsible for the general ledgers for assigned properties, including monthly journal entries, income and expense accruals, expense recovery true-ups review, GAAP adjustments, and bank reconciliations.
  • Understand accounts payable (AP), accounts receivable (AR), cash receipts, fixed assets, and lease administration functions of commercial real estate and how they drive the financial results of assigned projects.
  • Review lease entry in MRI performed by the lease administration team.
  • Review CAM true-up prepared by the lease administration team.
  • Prepare monthly and quarterly reporting packages on the assigned portfolio of properties on a GAAP basis. The packages include analyses and support schedules of all balance sheet accounts and explanations of significant variances in income statement accounts.
  • Review annual expense reconciliation schedules and billings to tenants.
  • Prepare detailed interim and year-end working papers and support schedules requested by internal and external auditors.
  • Assist auditors by providing audit samples, researching, analyzing, and responding to requests.
  • Responsible for reviewing the annual property budget, including review of the lease and expense data in the prescribed software to generate revenue, expense, and capital budget/forecasts.
  • Assist in preparation of the budget/forecast packages including detailed analysis of the revenue, expense, and capital components.
  • Assist Managers and Controllers with ad hoc requests.

Requirements:

  • Great communication, presentation, and interpersonal skills.
  • Strong analytical ability.
  • Well-organized; self-starter, able to handle multiple priorities.
  • 3+ years of public accounting and/or commercial real estate accounting experience preferred.
  • Knowledge of GAAP (specifically, real estate).
  • Understanding of property management in relation to financial accounting, recoveries, budgeting, and forecasting.
  • Bachelor's degree in Accounting preferred; CPA a plus, but not required.
  • Experience in MRI, Yardi, Skyline, JD Edwards, CTI systems desired.
  • Proficiency in PC-based software such as Microsoft Excel.

About Lincoln Property Company

Lincoln Property Company is one of the largest private real estate firms in the United States. Offering a fully integrated platform of real estate services and innovative solutions to owners, investors, lenders, and occupiers, Lincoln supports the entire real estate lifecycle across asset types, including office, life science, retail, industrial, data center, production studio, healthcare, government, universities, and mixed-use properties, throughout the United States, United Kingdom, and Europe. Lincoln's combined management and leasing portfolio on behalf of institutional clients includes more than 510 million square feet of commercial space. In addition to providing third-party real estate services, Lincoln has completed over 150 million square feet of development since its inception in 1965 and has another $20 billion currently under construction or in the pipeline. For more information, visit:

All job offers are contingent on completion of a background check and proof of eligibility to work in the United States.

By submitting your information or resume in response to this opportunity, you acknowledge that your personal information will be handled in accordance with Lincoln Property Company's privacy policy.



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