Property Accountant

Job Description

Job Description

The Property Accountant will be responsible for overseeing the financial operations of a portfolio of properties, ensuring accurate and timely accounting, reporting, and compliance. This role will work closely with property management, senior leadership, and external auditors to ensure financial integrity, monitor budgets, and prepare reports in alignment with company standards.

Essential Functions:

Property Accounting & Financial Reporting:

• Perform full-cycle accounting for an assigned portfolio of properties, including monthly and annual closings, accruals, amortization, depreciation, and preparation of journal entries.
• Review, analyze, and reconcile general ledger accounts to ensure accuracy and completeness.
• Monitor property cash balances, prepare wire transfers, and complete monthly bank reconciliations.
• Calculate tenant-related charges such as percentage rent and CAM in accordance with lease terms, and prepare annual reconciliations.

Budgeting, Forecasting & Analysis:

• Assist with preparation of property budgets and forecasts, including review of operating expenses, revenue assumptions, and variance commentary.
• Conduct monthly variance analysis and communicate financial insights to property management teams.
• Support year-end closing activities and coordinate audit and tax-related requests.

Accounts Payable, Receivable & Operational Support:

• Coordinate with Accounts Payable and Accounts Receivable teams to ensure timely processing of invoices, payments, and tenant billings.
• Review billing inputs and cash applications for accuracy and compliance.
• Address financial discrepancies, resolve accounting issues, and collaborate with property managers to maintain accurate property records.

Cross-Department Collaboration & Administrative Support:

• Partner with property management and corporate staff to ensure financial accuracy and operational efficiency.
• Respond to inquiries from internal teams, external auditors, and tax preparers.

Other Duties:

• Demonstrate company core values consistently.
• Participate in cross-functional initiatives and support broader Accounting functions as needed.

Skills and Experience:

• Bachelor’s degree in Accounting, Finance, or related field.
• Minimum of 2-3 years of accounting experience, preferably in real estate or property management.
• Strong understanding of accounting principles and financial reporting.
• Proficiency in Microsoft Excel and accounting software (e.g., Yardi, MRI, or similar).
• Experience with accounts payable, accounts receivable, and general ledger reconciliation.
• Knowledge of property accounting and reporting standards.
• Strong attention to detail, with the ability to work efficiently under tight deadlines.
• Excellent organizational and time management skills.
• Strong communication skills to interact effectively with internal and external teams.
• The role requires prolonged periods of sitting at a desk and working on a computer. Occasional standing, walking, and light lifting (up to 10 pounds) may be necessary for filing or organizing documents.

Competencies:

• Ability to focus on accuracy and consistency in financial data.
• Strong problem-solving skills and ability to analyze financial data.
• Efficiently prioritize tasks and manage deadlines.
• Strong verbal and written communication skills.
• Ability to collaborate with multiple departments and contribute to the team's success.

Why This Opportunity is Exciting for You:
We offer a competitive compensation package along with a comprehensive benefits program:

• Paid Time Off (PTO)
• Paid Holidays
• 401(k) with Employer Match
• Health Insurance
• Dental Insurance
• Life Insurance
• Long-Term Disability Insurance

Additional Information:

• FLSA Status: Full-time, Exempt
• Location: HQ
• Travel: up-to 5%
• Reports To: Assistant Controller
• Direct Reports: N/A
• Decision Making Authority: The Property Accountant supports the financial operations of an assigned property portfolio by preparing financial statements, processing transactions, and maintaining accurate records. This role makes routine accounting-related decisions within established policies and procedures but does not have authority to approve contracts, sign checks, or finalize financial reporting without supervisory review. Complex issues or exceptions are escalated to the Accounting Manager.

About Stark Enterprises:
Stark Enterprises is a full-service real estate development company based in Cleveland, Ohio, with expertise in acquisition, development, leasing, property management, construction, architectural design, landscape architecture, marketing, and security. We are committed to delivering high-quality, innovative solutions to meet the evolving needs of our clients and communities.

As an Equal Opportunity Employer, Stark Enterprises is dedicated to fostering a diverse and inclusive workplace. We do not discriminate based on race, religion, color, sex, gender identity, sexual orientation, age, disability, national origin, veteran status, or any other characteristic protected by law. Employment decisions are based on qualifications, merit, and business need.

Join us and be part of a forward-thinking company that values both its employees and the communities it serves.