Property Accountant, Commercial Properties, Office/Retail

Job Description

Job Description

Do you live on the Westside and are looking for a shorter commute? A boutique real estate investment and development firm based in Culver City is seeking an experienced Property Accountant to oversee the day-to-day accounting operations for a portfolio of office and retail properties. This company specializes in both development and management in multiple states.

Duties:

• Manage the full monthly close process, ensuring the accurate recording of all property operating activity and financial transactions.
• Prepare and maintain detailed account reconciliations and supporting schedules for balance sheet and income statement accounts.
• Analyze monthly operating results, compare actual performance against budget, and provide explanations for significant variances.
• Produce monthly financial packages for investors and lenders, including income, expense, and cash flow forecasts.
• Lead the annual budgeting process and support quarterly financial consolidations.
• Process daily accounting transactions, including cash receipts, tenant payments, deposits, accounts payable invoices, billing adjustments, and application of prepayments.
• Record rental revenue, ancillary income, payroll, accrued liabilities, management fees, asset management fees, and other general and administrative expenses.
• Perform monthly bank reconciliations and reconcile security deposit balances to subsidiary ledgers.
• Maintain fixed asset records, including capitalization review, depreciation calculations, and amortization schedules.
• Account for prepaid expenses, deferred income, loan costs, insurance premiums, and other amortizable assets.
• Record and reconcile debt service activity, including principal payments, interest expense, and escrow accounts.
• Accurately accrue property taxes and maintain a strong understanding of real estate tax calculations and assessments.
• Evaluate and record bad debt reserves, prepaid rent adjustments, and other lease-related accounting transactions.
• Partner with Asset Managers to ensure proper capitalization of property improvements and classification of operating expenditures.
• Prepare and oversee CAM reconciliations and tenant billings.
• Conduct financial analysis, develop reports, and assist with special projects and strategic initiatives as needed.
• Coordinate and support annual audits by external auditors, providing schedules, documentation, and timely responses to audit requests.
• Perform additional duties and responsibilities as assigned.

Qualifications:

• Bachelor’s degree required in accounting or a related area of study with a minor or concentration in accounting
• A minimum of four years of experience in accounting or finance roles, preferably in commercial real estate environment

\nCompany Description

TORP Group is a recruitment firm that specializes in placing in: Property and Real Estate Management,
Administrative Support, Accounting, Construction Project Management, and Project Coordination. With a combined experience of over 40 years in the Recruiting industry, Trina Osborn and Bridget Isenberger team up TOgether as Recruitment Partners. Servicing multiple industries, we provide a consultative service to the company and job seeker alike. We are looking to make a direct impact on someone's life by finding them a new position, while at the same time contributing to the success of a corporation with providing them a new team member.

Company Description

TORP Group is a recruitment firm that specializes in placing in: Property and Real Estate Management, \r\nAdministrative Support, Accounting, Construction Project Management, and Project Coordination. With a combined experience of over 40 years in the Recruiting industry, Trina Osborn and Bridget Isenberger team up TOgether as Recruitment Partners. Servicing multiple industries, we provide a consultative service to the company and job seeker alike. We are looking to make a direct impact on someone's life by finding them a new position, while at the same time contributing to the success of a corporation with providing them a new team member.