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Commercial Property Accounting Manager

2 months ago

Houston, Texas, United States Metro National Corporation Full time
Job Title: Commercial Property Accounting Manager

We are seeking a detail-oriented and experienced Commercial Property Accounting Manager to manage the accounting functions related to a portfolio of office properties. This role will oversee the daily operations of the property accounting team, ensuring accurate financial reporting, timely preparation of financial statements, and compliance with Metro National policy and US GAAP accounting standards.

Key Responsibilities:
  • Lead and manage a team of property accountants, providing guidance, training, and support to ensure high performance.
  • Oversee the preparation of monthly, quarterly, and annual financial statements for office properties and reviewing them to ensure accuracy and compliance.
  • Review and help with quarterly Building Operating Cost accruals, annual escrows, and prior year reconciliations.
  • Review and help with the input of leases and amendments into MRI and AOE to ensure accuracy of lease terms to be met, and provide lease profiles to property manager.
  • Review team's quarterly schedules and variance explanations for internal reporting to ensure compliance with company policies and procedures.
  • Collaborate with property management and other teams to prepare annual budgets and periodic forecasts as needed.
  • Coordinate and address various requests as needed from property management team.
  • Identify opportunities for process improvements within the accounting function, implementing new policies or technologies as necessary to help streamline workflows for increased efficiency.
  • Review tenant billings and aged delinquency reports for all office properties to ensure credits are properly applied to open charges and cash receipts have been properly applied to tenants' accounts.
  • Coordinate various monthly, quarterly, and annual deadlines between the property accounting team and the property management team.
  • Review monthly posting of the Rent Roll to ensure that changes from the prior month's Rent Roll are reasonable, e.g., current month move-in's or move-out's, rent steps, etc.
  • Review the general ledger and income statement for any additional adjusting entries. Contact the PM to confirm entries not listed on monthly accrual/reclass forms.
  • Review financial statements and all monthly reports confirming that all supporting schedules tie to the financial reports.
  • Assist in annual external audit and internal tenant audit process.
  • Perform or assume additional property accounting duties as needed.
Requirements:
  • A bachelor's degree in accounting.
  • A minimum of 8-10 years of recent office/commercial property accounting experience.
  • A minimum of 4-5 years of supervisory or team lead experience.
  • CPA or CMA certification is a plus, but not required.
  • Experience with MRI preferred.

We offer a competitive salary and benefits package to the successful candidate. If you are a motivated and experienced accounting professional looking for a new challenge, please submit your application.