Property Accountant

Job Type


Full-time


Description


We are seeking a detail-oriented, motivated Entry Level Property Accountant to join our real estate development accounting team. This role is ideal for a recent accounting graduate or early-career professional looking to build a strong foundation in real estate and property-level accounting. You will support the month-end close process, general ledger reconciliations, and financial reporting for a portfolio of assigned properties, working closely with senior accountants and property management teams.


Requirements

• Ensure monthly books are closed accurately and on a timely basis for all assigned properties, in accordance with established close calendars and deadlines
• Prepare and post journal entries, including accruals, prepaids, and recurring entries, in support of the monthly close process
• Complete monthly, quarterly, and annual general ledger account reconciliations for assigned properties
• Responsible for the accounts payable process, ensuring accurate and timely completion of weekly check runs while addressing internal invoice-related inquiries
• Investigate and explain variances between actual results, budgets, and prior periods, providing clear written commentary to management
• Review and reconcile bank statements, intercompany accounts, and balance sheet accounts
• Assist in the preparation of monthly financial statements and supporting schedules for property owners, investors, and management
• Maintain accurate and organized supporting documentation for all journal entries and reconciliations to support internal controls and audit requirements
• Collaborate with property management, leasing, and asset management teams to obtain and verify financial data in addition to managing the quarterly Capital Expenditures (CAPEX)/Construction in Process (CIP) reporting process
• Assist with cash management functions, including monitoring property bank balances and funding requests
• Support annual budget and forecast preparation as needed
• Respond to ad hoc requests from Senior Accountants and/or Controller
• Identify process improvement opportunities to increase efficiency and accuracy of the close process

• Bachelor's degree in Accounting, Finance, or relative experience
• 1-3 years of accounting experience handling functions including month end close, posting journal entries, and reconciliation; internship or coursework in real estate/property accounting a plus
• Basic understanding of GAAP and general ledger accounting principles
• Strong analytical skills with the ability to identify and research variances
• High attention to detail and strong organizational skills
• Excellent computer skills including proficiency in Microsoft Excel (pivot tables, lookups, basic formulas), Microsoft Word, and Outlook
• Experience with accounting or property management software (e.g., Yardi, MRI, AppFolio) is a preferred, but not required
• Strong written and verbal communication skills
• Ability to manage multiple deadlines and prioritize tasks in a fast-paced environment
• Team-oriented with a willingness to learn and take direction