Senior Property Accountant

4 weeks ago

Washington DC USA, United States Cordia Resources by Cherry Bekaert Full time
Cordia Resources by Cherry Bekaert: Senior Property Accountant

We are seeking a highly skilled and experienced Senior Property Accountant to oversee the financial aspects of our property portfolio. As a key member of our team, you will be responsible for ensuring accuracy, compliance, and efficiency in all accounting processes.

Key Responsibilities:
  • Financial Reporting: Prepare and analyze monthly, quarterly, and annual financial statements for assigned properties, ensuring accuracy and compliance with accounting standards.
  • Budgeting and Forecasting: Collaborate with property managers to develop property budgets and forecasts. Monitor financial performance against budgets and provide variance analysis reports.
  • Accounts Receivable/Payable: Manage accounts receivable and accounts payable processes for assigned properties, including rent invoicing, collections, vendor payments, and reconciliation.
  • General Ledger Maintenance: Maintain and reconcile general ledger accounts, ensuring accuracy and completeness of financial data.
  • Tax and Audit Support: Assist in the preparation of schedules and documentation for tax filings and audits. Work with external auditors and tax consultants as needed.
  • Lease Administration: Review lease agreements and ensure accurate setup of lease terms in the accounting system. Calculate and process tenant rent escalations and other lease-related charges.
  • Compliance: Stay up-to-date with accounting regulations and standards. Ensure compliance with GAAP and other relevant accounting guidelines.
Requirements:
  • Bachelor's degree in Accounting, Finance, or related field.
  • Minimum of 7 years of experience in property accounting or real estate finance.
  • Proficiency in real estate accounting software (Yardi, MRI, etc.).
  • Strong knowledge of GAAP and lease accounting standards.
  • Excellent analytical and problem-solving skills.
  • Detail-oriented with a high level of accuracy in work.
  • Strong communication and interpersonal skills.
  • Ability to work independently and collaboratively in a team environment.

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