Property Accountant

MCB Real Estate ("MCB") is a privately held, fully integrated national real estate investment and development firm headquartered in Baltimore, Maryland. As a vertically integrated organization with in-house development, construction, and commercial property management capabilities, MCB is involved in every stage of the real estate investment lifecycle. MCB manages approximately $4 billion in real estate assets on behalf of a primarily institutional investor base. MCB believes in merit‑based employment decisions that provide equal access to all employees and applicants, including ensuring that this access prohibits unlawful discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws. Additionally, we are committed to fostering, cultivating, and preserving a workplace culture that respects each individual employee’s contribution to our workplace. We embrace and encourage our employees’ differences in age, color, disability, ethnicity, family or marital status, gender identity or expression, language, national origin, physical and mental ability, political affiliation, race, religion, sexual orientation, socio-economic status, veteran status, and other characteristics that make our employees unique. This employment practice applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training. Position Overview The Property Accountant is responsible for the accounting, financial reporting, and cash management activities for an assigned portfolio of commercial real estate assets. This role supports the monthly close process, preparation of financial statements, account reconciliations, and budgeting activities. The Property Accountant partners closely with Property Management, Asset Management, Lease Administration, Accounts Payable, and other internal stakeholders to ensure accurate financial reporting and strong financial controls across the portfolio. The ideal candidate is detail-oriented, motivated, and capable of managing multiple priorities in a fast‑paced environment while continuously seeking opportunities for process improvement. Key Responsibilities Financial Reporting & Month-End Close Prepare monthly journal entries, accruals, and account reconciliations for assigned properties Maintain property general ledgers and ensure the accuracy and completeness of financial information Assist with the monthly, quarterly, and annual financial close process Prepare monthly financial statements, supporting schedules, and variance analyses Research and resolve accounting discrepancies and unusual account activity Ensure transactions are recorded in accordance with GAAP and company accounting policies Cash Management & Property Accounting Operations Monitor property cash balances and assist with cash flow management activities Prepare or review monthly bank reconciliations and investigate reconciling items Review accounts payable activity to ensure proper coding, approvals, and expense recognition Maintain accounting records related to fixed assets, prepaid expenses, accruals, escrows, and security deposits Assist with tracking and monitoring accounts receivable balances and collection efforts Budgeting, Forecasting & Analysis Assist in the preparation of annual operating budgets and periodic forecasts Analyze operating results and provide explanations for budget-to-actual variances Support Property Managers and Asset Managers with financial information and reporting requests Prepare recurring and ad hoc financial analyses to support operational decision-making Acquisition, Disposition & Reporting Support Assist with financial onboarding and setup of newly acquired properties Support accounting activities related to property acquisitions and dispositions Prepare lender, ownership, and other recurring reporting packages as required Assist with audit requests and the preparation of year‑end financial support schedules Collaboration & Process Improvement Communicate regularly with Property Managers, Asset Managers, Lease Administration, and other stakeholders regarding property financial activity Identify opportunities to improve accounting processes, controls, and reporting efficiency Participate in system enhancements, process improvement initiatives, and special projects Support the training and development of offshore or third‑party accounting resources, as applicable Qualifications & Experience Bachelor’s degree in Accounting, Finance, or related field required 2-4 years of accounting experience; commercial real estate or property accounting experience preferred Understanding of GAAP and general accounting principles Experience with MRI or similar real estate accounting software preferred Strong Microsoft Excel skills Excellent analytical, organizational, and problem‑solving skills Ability to manage multiple priorities, meet deadlines, and work independently Strong written and verbal communication skills CORE COMPETENCIES Attention to Detail: Produces consistently accurate and thorough work Accountability: Takes ownership of responsibilities and follows through on commitments Analytical Thinking: Evaluates information effectively and resolves issues proactively Collaboration: Builds strong working relationships across departments Communication: Clearly communicates financial information to various stakeholders Continuous Improvement: Identifies opportunities to improve efficiency and effectiveness WORK ENVIRONMENT & EXPECTATIONS This position is based in MCB’s Baltimore headquarters and requires in‑office attendance Monday through Thursday. Employees may work remotely on Fridays, subject to business needs and company policy. The role requires the ability to manage multiple deadlines, maintain a high degree of accuracy, and support a growing commercial real estate portfolio. All job offers with MCB are contingent upon receipt of satisfactory background reports, which may include depending upon required job duties and as allowed by applicable federal and state law, consumer reports including, but not limited to, federal and state criminal, identity, credit, and driving record. Unless otherwise stated in the job posting, all posted positions are classified as full‑time, regularly reporting in‑person to an assigned work location. #J-18808-Ljbffr