Senior Property Accountant

WORK SITE STATUS: Hybrid (2-3 days/week in the office). PAY RANGE: Salary range of $100,000/year to $120,000/year plus eligibility to receive a discretionary bonus up to 10%. JOB DESCRIPTION Our client, a commercial real estate company, seeks an experienced Senior Property Accountant to support the accounting department. This role is responsible for the full-cycle accounting for an assigned portfolio of commercial properties, including the accurate and timely preparation of property-level financial statements in accordance with US GAAP and company policy. The Senior Property Accountant prepares and analyzes monthly and quarterly closing actuals, leads CAM and lease-related accounting, supports the budget and reforecast process in collaboration with property management and asset management, and serves as the primary point of contact for client and property-level accounting questions. RESPONSIBILITIES OF THE SENIOR PROPERTY ACCOUNTANT Month-End Close & Financial Reporting Perform the full month-end close for an assigned portfolio, including journal entries, bank reconciliations, GL account reconciliations, and monthly accrual entries. Prepare and analyze the monthly financial reporting package for each property, including balance sheet, income statement, supporting schedules, and variance analysis comparing actuals to budget. Maintain property-specific general ledgers, ensuring all transactions are accurately recorded, classified, and reconciled. Ensure all activity for the period, including expenses, receipts, owner distributions, and funding requests, is accurately and completely posted before close. Calculate owner distributions and/or funding requests as required. Maintain the overall integrity of financial records for the assigned portfolio. Daily Accounting & Cash Management Create batches for tenant receipts, post tenant billing adjustments, and apply prepayments to open charges. Review and approve vendor invoices; monitor payables to ensure timely, accurate processing. Monitor and maintain property cash balances daily, flagging shortfalls or irregularities proactively. Lease Administration & CAM Set up and terminate leases in Yardi, including rent schedules and tenant recovery pools/profiles. Prepare annual and quarterly CAM reconciliations and estimates in accordance with lease terms. Review lease agreements and abstracts to ensure billing, recoveries, and commission calculations are correctly reflected in the accounting system. Budgeting & Forecasting Participate in the annual budget process and quarterly reforecasts for the assigned portfolio, in close collaboration with property management and asset management. Prepare monthly income statement analyses comparing actuals to budget and explain material variances. Support capital planning and reforecast cycles within the property management system. Respond promptly and accurately to requests from property managers, asset managers, and clients on property accounting questions or issues. Support the annual financial statement audit and tax return preparation with accurate, well-documented workpapers. Continuously evaluate property accounting processes for efficiency and accuracy; identify opportunities to streamline workflows. Take on additional responsibilities and special projects as needed. REQUIREMENTS OF THE SENIOR PROPERTY ACCOUNTANT Required Bachelor's degree in Accounting or Finance. Minimum of at least four (4) years of commercial property accounting experience, with meaningful exposure to retail assets; Experience overseeing a portfolio of multiple properties. Preferred CPA certification. Experience coming directly from public accounting. Office or mixed-use experience. SKILLS OF THE SENIOR PROPERTY ACCOUNTANT Required Technical Advanced Microsoft Excel skills (SUMIFS, INDEX/MATCH, Pivot Tables); proficiency across the Microsoft Office suite. Experience with Yardi Voyager or MRI. Interpersonal Self-directed, organized, and detail-oriented, with sound judgment on when to resolve an issue independently versus escalation. Demonstrated ability to work both independently and effectively within a team environment. Strong written and verbal communication skills; comfortable communicating directly with clients and property-level stakeholders. #J-18808-Ljbffr