Property Accountant

2 weeks ago


Calabasas, California, United States NewMark Merrill Full time
About NewMark Merrill

NewMark Merrill is a leading retail real estate company that has been committed to excellence for over 40 years. With a portfolio of over 12 million square feet of retail assets, we pride ourselves on our ability to connect with communities, cultivate authentic environments, and empower our tenants to thrive.

Job Summary

We are seeking a highly skilled Property Accountant to join our team. As a Property Accountant, you will play a crucial role in managing the day-to-day financial responsibilities for our retail real estate portfolio. This includes preparing timely and accurate monthly and annual financial statements, conducting balance sheet reconciliations, and analyzing and preparing annual CAM reconciliations.

Responsibilities
  • Prepare and analyze financial statements, including balance sheets and income statements
  • Conduct balance sheet reconciliations and monthly bank reconciliations
  • Analyze and prepare annual CAM reconciliations and respond to tenant disputes
  • Review leases to bill tenants accurately and make any necessary adjustments
  • Perform calculations for CPI and percentage rent
  • Collaborate with property managers to draft annual budgets and calculate CAM estimates for tenants
  • Handle lender reserve draws for reimbursement related to tenant improvements, leasing commissions, and capital expenditures
Requirements
  • Bachelor's Degree in Accounting and 3-5 years of experience in property management accounting
  • Strong organizational skills and attention to detail with the ability to multi-task
  • Excellent communication skills - both verbal and written
  • A high level of proficiency in Excel
  • MRI or Yardi accounting software experience preferred
  • Team oriented and flexible with the ability to work well under pressure

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