Experienced Property Accountant with Joint Venture Expertise

1 week ago

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

Senior Property Accountant with Partnership Experience

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

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

Key Responsibilities:

Investment Accounting Duties:

  • Conduct monthly accounting operations for the investment segments on the company’s financial reports, including the entry of journal entries and the preparation of supporting schedules.
  • Review and ensure the accuracy of all investment sections on the company's financial statements.
  • Monitor all projects from initiation to capitalization, utilizing construction software to reconcile actual pre-development costs.
  • Maintain a detailed schedule of earnest money deposits by project, ensuring accurate recording of deposits and reimbursements in the general ledger.
  • Engage in all discussions and meetings related to property closings and capital calls with various departments.
  • Collaborate with the Controller to prepare all necessary information for monthly and quarterly distributions to investors.
  • Assist the Corporate Accountant with capital contributions, ensuring a detailed schedule is kept up to date.
  • 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 perform the essential functions of the role.
  • Experience with joint venture partnership ownership structures, including waterfall investor returns.
  • Possess an entrepreneurial spirit, confidence, and a relationship-oriented, enthusiastic demeanor.
  • Exceptional written, verbal, interpersonal, networking, and presentation abilities.
  • 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.
  • Awareness of market fundamental statistics such as rents, vacancy rates, and absorption.
  • Excel modeling skills.

Skills:

  • Strong organizational and interpersonal skills.
  • Able 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.
  • Exceptional written and verbal communication skills.
  • Trustworthy and capable of maintaining confidentiality.

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