Property Accountant

Property Accountant

The Property Accountant is responsible for handling all aspects of site level accounting, analysis and reporting for a portfolio of U.S. assets including the preparation of financial statements, explanations of balance sheet variances, review of base rent, recoveries and expense variance analyses, and providing all necessary supporting and accounting schedules.

The position requires strong attention to detail, organizational and communication skills, the ability to focus on meeting deadlines, as well as be able to multi-task and work in a fast paced environment. The individual must thrive in a team environment; possess the ability to form strong working relationships throughout the organization.

Responsibilities:

• Prepare journal entries, including recurring, accrual, and adjusting entries in support of month-end and quarter-end close
• Own the preparation and review of balance sheet workpapers, ensuring completeness, accuracy, and proper support for key accounts (e.g., receivables, accruals, tax payable, CAM escrows)
• Perform comprehensive variance analysis (month-over-month, quarter-over-quarter, and year-over-year) across income statement and balance sheet accounts, identifying drivers and resolving discrepancies
• Lead CAM and real estate tax analysis, including:
  • Analyzing recovery income vs. actual expenses
  • Preparing and reviewing true-ups and prior-year adjustments
  • Identifying recovery leakage and driving resolution
• Review and validate property-level trial balances to ensure accurate classification of operating expenses, recoverable vs. non-recoverable costs, and alignment with lease terms
• Partner cross-functionally with Lease Administration, Property Management, Asset Management, and Tax to explain financial results, resolve variances, and ensure billing accuracy
• Maintain and enhance supporting schedules, workpapers, and audit documentation to support financial reporting and internal controls
• Review fixed asset activity and support accounting for depreciation, amortization, and construction in progress

• Leverage AI tools and data platforms to automate reconciliations, streamline variance analysis, and improve the accuracy and efficiency of close processes
• Utilize large data sets to identify trends, anomalies, and opportunities for process improvement and recovery optimization
• Contribute to process redesign initiatives focused on automation, standardization, and scalability of property accounting and recoveries workflows

Requirements:

• Bachelor's degree in Accounting or related field
• 2+ years of commercial real estate or public accounting experience, with exposure to CAM and tax recoveries preferred
• Experience with variance analysis and balance sheet reconciliations
• Proficiency in MRI (or similar ERP) preferred
• Advanced proficiency with Microsoft Office applications (Word, Excel, Outlook)
• Demonstrated ability to analyze large data sets and clearly communicate financial insights
• Experience with or strong interest in AI tools, automation, and data-driven process improvements
• Strong organizational skills and ability to manage multiple deadlines in a fast-paced environment

The expected salary range for this position is between $65,000 and $75,000. The actual compensation will be based on factors such as scope and responsibilities of the position, candidate's work experience, education/training, job-related skills, internal peer equity, market and business considerations and other factors permitted by law.

Kimco Realty is an Equal Opportunity Employer – Veteran/Disability