Client Accountant

Overview Four dynamic, integrated companies make up the Transwestern enterprise, giving us the perspective to think broadly, deeply and creatively about commercial real estate. Clients and investors rely on us for expertise that spans institutional and opportunistic investment, development, hospitality, and brokerage and asset services. Our award-winning, collaborative culture empowers team members with resources and independence to work across boundaries in pursuit of innovative solutions, reinforcing a reputation for service excellence that translates to measurable results. Through offices nationwide and alliance partners around the globe, we positively impact the built environment and our communities while fostering a work climate that champions career vitality for all. Part of the Transwestern companies, Transwestern Real Estate Services (TRS) strives to add value for investors, owners, and occupiers across all commercial property types. Fueled by a holistic perspective of the real estate life cycle, agility and creativity are hallmarks of our approach, while vast national resources and sound market intelligence underpin customized recommendations and property solutions. Transwestern is built on a common purpose: Empowering Good People to do Extraordinary Things Together. We are committed to hiring smart, passionate, hard-working people who understand the benefits of both collaboration and independence. Position Summary The Client Accountant performs daily property accounting duties for assigned properties, including, but not limited to, preparing financial reports, entering accrual and cash journal entries, reviewing operating statements and variance reports, preparing escalation and payable reviews, performing reconciliations and ensuring accuracy, consistency and adherence to the Management/Leasing Agreements and SOC1 controls. The Client Accountant also utilizes assigned real estate accounting software (e.g., MRI, Yardi) to perform client accounting tasks. In addition, the Client Accountant works with property management to ensure that all reporting deadlines are met (e.g., monthly operating reports, annual budgets, escalation settlements) and that all property owner policies and procedures are consistently and accurately followed. The Client Accountant may be responsible for one or more properties. This position does not manage or supervise. It is also the responsibility of the Client Accountant to deliver the Transwestern Experience when interacting and communicating with tenants, owners, vendors and fellow team members. Essential Job Functions Review all tenant billings and adjustments according to information provided by the Property Manager. Submit Commercial Management batches for review and posting. Review and post cash receipt batches entered by the Client Accounting Associate. Maintain property cash balances. Review and approve all large accounts payable disbursement items. Submit weekly Open A/P report for weekly check-run processing. Review and/or prepare bank reconciliations each month for all bank accounts assigned. Review or post the monthly posting of the Rent Roll by property management. Ensure changes from the prior month’s Rent Roll are reasonable (e.g., move-ins/outs, rent steps). Review aged delinquency report for adjustments and ensure that cash receipts have been properly applied to each tenant’s account. Review and revise all supporting schedules with monthly charges as required by the Owner. Ensure sub-ledgers and supporting schedules tie to the general ledger. Review the general ledger and income statement for additional adjusting entries. Confirm entries with the PM and book them. Review financial statements and monthly reports confirming that all supporting schedules tie to the financial reports. Submit monthly financial report package to the accounting manager for review. Monitor property bank account cash balances. Assist in review of prior year CAM, real estate tax escalation reconciliations and respond to inquiries from Auditors as needed. Prepare calculation for owner distribution based on owner requirements and time schedule. Initiate monthly owner distribution as set forth in the Property Management Agreement. Prepare monthly rent-up reports for the property manager review. Post rent-ups after approvals and make corrections/adjustments on tenant ledgers as directed. Ensure timely payment of mortgages and property taxes. Calculate the monthly Management Fee and/or Incentive Management Fee due to Transwestern, including all required documents for backup. Maintain scanned copies of monthly financial reporting packages, bank statements and reconciliations. Load all required documents into OneSpace. Communicate effectively with clients, internal and external auditors, tax preparers and team members as required. Calculate and file sales tax. As appropriate, close accounts payable, commercial management modules and general ledger modules each month. Perform or assume additional client accounting duties as assigned. Position Requirements A bachelor’s degree with emphasis in accounting, finance or related field preferred. A minimum of 2-3 years of recent fee-based property management accounting experience. Working knowledge of financial terms and principles including current accounting methods (cash and basic accruals) and ability to apply GAAP. Working knowledge of budget reporting requirements of Owners and participation in the annual budget preparation with property management. Working knowledge of escalation and operating expense budgeting and settlement process, including calculation of gross-ups, and participation in settlement schedules. Applicable experience with real estate accounting software, preferably MRI and/or Yardi. Proficiency with Microsoft Word, Excel and Adobe. Strong analytical capabilities with high attention to detail. Ability to manage multiple projects, changing priorities and time-sensitive workloads. Ability to work with minimal supervision and operate independently. Ability to provide efficient, timely, reliable and courteous service to internal and external customers. Ability to keep information and internal communications confidential. Excellent verbal and written communication skills. Must be able to remain in a stationary position 50% or more of the time and operate a computer and other office productivity equipment, or be provided reasonable accommodations to perform the essential functions of the position. Work Shift Location: Houston, TX About Us Transwestern’s Guiding Principles are woven into the fabric of our firm and underscore the value of each individual team member. We embrace inclusion and strive to create an environment that elevates the human spirit and brings out the best in everyone. Different backgrounds, life experiences and cultures shape our perspectives and contribute to the client results we deliver. Please note that all candidates selected for an offer of employment are subject to pre-employment background checks, which may include criminal history, education verification, social media review, motor vehicle records, credit history, and professional license verification. Employment is also subject to successfully passing a drug screen prior to starting with the Company along with satisfactory references. We understand you have a choice when choosing where to work and pursue a career. We encourage you to apply today to become part of the Transwestern story. #J-18808-Ljbffr