Senior Property Accountant

Job Description

Job Description

Description:

NexVest Realty Advisors, LLC (‘NexVest”) offers a complete range of commercial property management services to improve the performance and efficiency of investment properties throughout Texas. NexVest is committed to supporting the investment and ownership objectives of our affiliate and its investors.

Summary

NexVest is searching for a Sr. Property Accountant who has a proven history supporting commercial properties and/or REITs. Applicants for this position will be self-motivated individuals with a high degree of initiative and professionalism.

Responsibilities

• Manage full-cycle accounting for commercial real estate properties as assigned
• Reconcile and comprehend all balance sheet accounts and produce monthly financial statements with supplementary reporting as required
• Utilize budgets and other tools to analyze variances and reconcile payments applied against major contract values
• Ensure all legislated taxes and assessments are reconciled and remitted
• Monitor cash positions and anticipate future cash deficiencies
• Monthly bank reconciliations including follow up and correction of outstanding items
• Monitor and review monthly receivables for accuracy, adjustments, and/or corrections
• Supply tenant analysis and statements of account as required
• Monitor and review accounts payable coding for accuracy
• Calculate and analyze year end operating cost adjustments (Op. Ex. or CAM) and tenant billings for assigned properties
• Review account records such as credit memos and cash receipts to ensure accurate accounts
• Prepare monthly non reoccurring tenant billings including utility sub metering for property manager’s review and approval
• Prepare monthly accruals for property manager’s review and approval
• Assist property manager with monthly reporting, to include revenue variance explanations and overall review before submission to General Manager
• Security deposit and Letter of Credit monitoring, assessing tiered refunds with property manager’s review
• Lease Administration, implementation of lease data into MRI Real Estate Software
• Calculate and post Percentage Rent, as needed
• Consolidate monthly reporting package for submission to ownership
• Interact and facilitate, on a group and individual basis, the business activities of accounting, as well as external clients such as tenants, investors, vendors, affiliates, and other intermediaries as requested
• Develop and review property reports, documentation, presentations, email communication and all other correspondence.
• Ensure that all financial reporting is in accordance with Generally Acceptable Accounting Principles (GAAP)
• Perform financial analysis, modeling, and budgeting activities
• Account, book, and reconcile the general ledger as appropriate.

Requirements:

• Bachelor’s Degree in Accounting from an accredited university is required, CPA preferred
• 5-7+ years of experience commercial real estate or REIT accounting is required
• Advanced experience and familiarity with MRI Real Estate Software and MS Office Suite (Excel, Word, PowerPoint, and Outlook) are required
• Personal & Interpersonal skills a successful candidate for this position would possess would include;
• Independent motivation in an individual who seeks to constantly prove their ability to be flexible and thrive when facing new challenges in a relatively unstructured environment
• Polished and professional demeanor in both verbal and written forms of communication
• A high degree of discretion as duties and responsibilities of the position relate to safeguarding confidential information