Senior Property Accountant

Job Description

Job Description

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 5-7+ 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.