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Experienced Property Accountant with Partnership Expertise

2 months ago

Atlanta, Georgia, United States NorthPoint Search Group Inc Full time

Senior Property Accountant with Partnership Expertise

Company Overview:
NorthPoint Search Group Inc is a comprehensive real estate development and investment firm focused on industrial and logistics properties.

Job Overview:


The Senior Property Accountant will report directly to the Controller, ensuring the precision of financial documents, including the balance sheet, income statement, and cash flow statement.

This position will also support the creation of monthly financial reports for stakeholders, including owners, partners, and lenders.

Key Responsibilities:

Investment Accounting Duties:

  • Manage monthly accounting tasks for the investment segments on the company's financial reports, including recording journal entries and developing supporting schedules.
  • Review and verify all investment components on the company's financial statements for correctness.
  • Monitor all projects from initiation to capitalization, utilizing construction software to reconcile with actual pre-development expenses.
  • Keep a record of earnest money deposits by project and ensure accurate recording of deposits and reimbursements in the general ledger.
  • Engage in all discussions and meetings concerning property closings and capital calls with various departments.
  • Collaborate with the Controller to compile all necessary information for monthly and quarterly distributions to investors.
  • Assist the Corporate Accountant with capital contributions, ensuring a detailed schedule is maintained.
  • Initiate all capital call wire transfers and support the Corporate Accountant with tracking and journal entries.
  • Oversee and audit all Owner Ledgers in Yardi, reviewing them monthly for accuracy.
  • Work alongside the Controller to record all acquisitions and dispositions.

Qualifications:

  • Bachelor’s degree in Accounting, Finance, or a related discipline from an accredited institution, along with 3+ years of experience in institutional-level real estate management and investment; or a combination of education, training, and experience that provides the necessary knowledge, skills, and abilities to fulfill the essential functions of the role.
  • Experience with joint venture partnership ownership structures, including waterfall investor returns.
  • A confident, entrepreneurial, and relationship-oriented personality.
  • Outstanding written, verbal, interpersonal, networking, and presentation skills.
  • Proficient in PowerPoint, Excel, and Yardi software.

Knowledge, Skills, and Abilities:

Knowledge:

  • Proficient in Microsoft Office and Yardi Voyager.
  • Understanding of basic commercial real estate concepts, particularly those related to commercial leasing.
  • Familiarity with joint venture partnership ownership structures and waterfall investor returns.
  • Knowledge of market fundamental statistics such as rents, vacancy rates, and absorption.
  • Excel modeling capabilities.

Skills:

  • Exceptional organizational and interpersonal skills.
  • Ability to meet deadlines, prioritize tasks, and maintain professionalism under pressure and changing conditions.
  • Self-motivated with strong leadership, teamwork, and collaboration skills.
  • Detail-oriented with a logical and methodical approach to problem-solving.
  • Excellent written and verbal communication abilities.
  • Trustworthy and able to maintain confidentiality.