Senior Property Accountant

Industry leading Property Management company and developer is in search for their next Sr. Property Accountant. The ideal candidate will possess a strong understanding of property accounting principles and have the ability to manage multiple tasks in a fast-paced environment. This role requires collaboration with Property Management, Leasing, and Construction teams to ensure accurate financial reporting and support.

Responsibilities:

• Attention to Detail: Ensure accuracy in all financial transactions and documentation.
• Multi-tasking: Adapt to various tasks efficiently while maintaining high standards of work.
• Communication: Follow directions from Property Management, Leasing, and Construction, and proactively follow up with any questions.
• Transaction Analysis: Analyze financial transactions and understand their impact on financial statements, including accrual and cash basis reporting.
• Accounting Concepts: Demonstrate a solid understanding of prepaids and accruals.
• Journal Entries: Generate and record journal entries as needed.
• Financial Statements: Prepare balance sheets, income statements, and statements of cash flows.
• Support Schedules: Develop backup support schedules for all balance sheet balances.
• Fixed Assets: Maintain accurate fixed asset schedules.
• Loan Documentation: Understand loan documents to ensure accurate reflection in financial statements.
• Lease Interpretation: Analyze tenant leases to properly record revenue and operating escalations.
• Tenant Relations: Maintain a positive rapport with tenants, send monthly billing invoices, and record cash receipts.
• Collections: Diligently follow up with tenants on any outstanding balances.
• Accounts Payable: Approve accounts payable invoices and verify the accuracy of amounts and coding.
• Leasing Commissions: Calculate and record leasing commissions accurately.
• Auditor Coordination: Handle requests from outside auditors effectively.
• Budget Preparation: Collaborate with Property Management to prepare annual budgets for respective properties.
• Expense Analysis: Identify and question any expenses that deviate from standard operating costs.
• Lease Management: Understand gross and net leases; perform true-ups of tenants' expenses at year-end as per lease agreements.
• Ad Hoc Projects: Manage additional projects alongside regular responsibilities.
• Deadline Management: Meet deadlines consistently; overtime may be required.
• Technical Proficiency: Utilize Microsoft Office and accounting software effectively.

Requirements:

• 4+ years of relevant property accounting or public accounting experience
• Strong analytical skills with the ability to interpret financial data.
• Excellent communication and interpersonal skills.
• Proven ability to work independently and collaboratively within a team.
• High level of proficiency in Microsoft Office, particularly Excel.
• Familiarity with accounting software

Preferred:

• CPA or MBA
• MRI, Yardi, or Sage experience

Compensation: $90,000-$115,000
Salary is based on a range of factors that include relevant experience, knowledge, skills, other job-related qualifications.