Property Accountant

Overview

• Manage property accounting tasks, ensuring accurate financial documentation and compliance with industry standards.
• Collaborate with teams to streamline financial processes and enhance reporting efficiency.
• Prepare detailed financial statements, variance analyses, and reconciliations for strategic decision-making.
• Utilize accounting software to maintain schedules and generate insightful reports.
• Assist in audit preparation, ensuring compliance with regulatory standards.
• Track utility expenses, capital projects, and construction activities accurately.
• Support budget preparation and reforecasting processes using data analytics tools.
• Ensure tax compliance through accurate preparation of sales tax returns and real estate tax calculations.

Key Responsibilities & Duties

• Prepare monthly financial schedules, including income statements and variance analyses.
• Reconcile general ledger entries to sub-ledgers, maintaining precision and consistency.
• Analyze accounts and maintain detailed schedules for financial tracking and reporting.
• Assist in audit workpaper preparation, ensuring adherence to accounting standards.
• Perform bank reconciliations, identifying and resolving discrepancies effectively.
• Calculate and monitor real estate tax escalations and operating expense metrics.
• Review tenant work orders for coding accuracy and compliance with tax regulations.
• Account for construction activities and capital improvements, ensuring financial accuracy.
• Utilize property management software to reconcile work orders and budget data.

Job Requirements

• Bachelor’s degree in Accounting or a related field is required.
• Minimum of 2 years of experience in property accounting; 4 years preferred.
• Proficiency in Excel and property management software such as Yardi is essential.
• Strong analytical skills for account reconciliation and variance analysis.
• Experience with commercial real estate accounting is highly desirable.
• Ability to prioritize tasks, meet deadlines, and perform under pressure.
• Knowledge of depreciation, amortization, and financial schedule maintenance.
• Excellent communication skills for effective stakeholder interaction.
• Organized and detail-oriented approach to managing accounting responsibilities.