Property Accountant
6 days ago
I have partnered with an extremely successful national real estate firm seeking a Property Accountant in Boston, MA. This role involves overseeing a portfolio of properties, including more complex staffed properties, and managing less intricate properties on a monthly/quarterly basis without managerial review. The successful candidate will work on both upper and lower tier entities within a structure, manage cash for complex properties, and maintain both GAAP and Tax reporting for these properties. This company is working on a hybrid office schedule, and this role pays between $85 - 100K + bonus depending on experience. Please message me on LinkedIn or email me for immediate consideration john.holtman@roberthalf
Responsibilities:
• Overseeing a portfolio of properties, including a more complex staffed property that will be reviewed by a Manager
• Issuing monthly/quarterly financial statements for less complicated properties without a Manager’s review
• Conducting monthly preparation of financial statements including balance sheets, income statements, variance analyses, property/tenant statistics and general ledger reconciliations
• Undertaking first pass at REIT testing, where applicable
• Preparing cash distribution worksheets to determine if a distribution to the partners is warranted
• Responding to inquiries and questions regarding the assigned properties in the portfolio
• Preparing annual budgets for properties and responding to any questions pertaining to year-end work with outside auditors
• Reviewing the work of less experienced Property Accountants and providing training
• Managing the Common Area Maintenance and Real Estate Tax tenant billings on a quarterly and/or monthly basis
• Preparing Percentage Rent billings for properties and preparing tenant water billbacks on a quarter and/or semi-annual basis for assigned properties.
• Minimum of 2 - 4+ years of experience
• Proficiency in Accounting Software Systems is mandatory.
• Demonstrable knowledge and experience in Accounting Functions.
• Public accounting is highly preferred (real estate clients are NOT needed)
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