Commercial Property Accountant

7 days ago


Houston, Texas, United States Crescent Tree Holdings LLC Full time
Job Summary

Crescent Tree Holdings LLC is seeking a highly skilled Portfolio Accountant to join our team. As a key member of our accounting department, you will be responsible for reviewing and analyzing financial data for our commercial properties.

Key Responsibilities
  • Review and analyze monthly financial statements prepared by third-party property management companies.
  • Communicate and collaborate with property management teams to ensure accurate and timely financial reporting.
  • Work with property management to obtain variance reports and provide in-depth analysis of financial trends and exceptions.
  • Develop and maintain financial dashboards to track key performance indicators for our properties.
  • Reconcile balance sheets for all properties on a monthly basis and identify any discrepancies or anomalies.
  • Monitor debt service coverage ratios for properties with debt covenants and provide regular updates to management.
  • Track tenant accounts receivable and identify any collection issues or irregularities.
  • Assist in the preparation of year-end work papers for properties to facilitate audit and tax return preparation.
  • Develop and implement best practices for property accounting analysis and reporting.
  • Provide ad-hoc analysis and reporting as needed to support business decisions.
Requirements
  • Bachelor's degree in Accounting, Finance, or a related field.
  • 3-5 years of experience in commercial or industrial real estate accounting or accrual-based accounting for residential properties.
  • Thorough understanding of generally accepted accounting principles and fixed asset accounting.
  • Demonstrated experience with preparing financial statements and monthly variance analysis.
  • Excellent communication and interpersonal skills, with the ability to work effectively in a team-based environment.
  • Technical skills in Microsoft Office, particularly Excel, and experience with NetSuite is a plus.
Preferred Qualifications
  • Experience with Yardi software.
  • Understanding of real estate tax issues and regulations.


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