Commercial Property Accountant
Duties to include:
- Create monthly financial reports for portfolio of properties
- Reconcile bank accounts
- Create and post monthly journal entries and accruals
- Post monthly debt service payments & Reconcile loan activity on a monthly basis
- Perform daily accounting functions for assigned properties, including but not limited to posting bank deposits with correct application to tenant ledgers and general ledger accounts, review and processing of AP disbursements, calculation of management fees and construction management fees and maintenance of detailed job cost reports.
- Abstract and input lease information for tenants, including but not limited to input and review of monthly recurring rent charges and preparation of all tenant-related billings.
- Distribute A/R aging reports on a weekly basis & as needed.
- Accounts Payable processing and review
- Perform reporting package checklist procedures to ensure accurate and complete reporting, including but not limited to a detailed monthly financial review of balance sheet, income statement and general ledger.
- Prepare monthly reporting packages per owner requirements, including review of manager variance reporting.
- Assist Property Manager with income and expense variance explanations as needed * Review and calculate year-end adjusting entries * Assist Property Manager with accounting inquiries
- Communicate with tenants as needed
- Prepare annual audit schedules as needed
- Assist with year-end Audits & Insurance Management
- Prepare annual operating budgets in Excel
- Prepare annual CAM reconciliations in Excel
- Participate in any other projects or responsibilities considered appropriate by the Controller and/or Property Manager.
Experience and Abilities requested:
- Yardi experience in commercial property accounting
- Understanding of accounting rules and GAAP
- Ability to approach problems both logically and creatively * Excellent verbal and written communication skills * Organizational, quantitative and problem solving skills * Interpersonal skills * Ability to perform multiple assignments without immediate supervision is necessary
- Minimum of 2 years accounting experience required
- Commercial real estate accounting experience required
- Bachelor's degree, degree in accounting or finance preferred * CPA a plus
- Strong proficiency in the use of Appfolio, Yardi, MRI, Netsuite or Quickbooks and Microsoft Excel