Property Accountant

Property Accountant Overview

• As a Property Accountant, you will oversee accounting processes for a portfolio of properties, ensuring compliance with internal and external reporting requirements.
• Contribute to a dynamic team within a hybrid work environment, offering flexibility and excellent benefits, including a competitive 401(k) match program.
• Prepare and monitor monthly journal entries, accruals, and financial statements, ensuring accuracy and timeliness.
• Review and analyze budget variance reports, providing insights to senior management for strategic decision-making.
• Track tenant improvements, leasing commissions, and development projects, maintaining detailed records and compliance.
• Collaborate with auditors and internal departments to ensure seamless information flow and compliance with SOX documentation.
• Assist in preparing annual budgets, re-forecasts, and comprehensive lender reporting packages.
• Participate in property acquisitions and dispositions, providing financial analysis and reporting support.

Property Accountant Key Responsibilities & Duties

• Ensure accurate accounting for assigned properties, meeting internal and external reporting objectives.
• Prepare and adjust monthly journal entries and accruals based on portfolio activity.
• Review CAM and tax recovery estimates, maintaining accurate books and records for each property.
• Analyze budget variance reports, interpreting results for senior management.
• Track capitalized costs, fixed asset activity, and development project statuses.
• Prepare detailed quarterly and year-end workpapers, ensuring compliance with GAAP.
• Assist in creating and updating processes to enhance departmental efficiency.
• Prepare annual filings and lender reporting packages, ensuring timely submission.
• Support ad-hoc reporting and analysis as required by management.

Property Accountant Job Requirements

• Bachelor’s Degree in Accounting or related field is required.
• CPA certification or candidacy is preferred, showcasing advanced accounting expertise.
• Minimum of 2 years of accounting experience, preferably in commercial real estate or a CPA firm.
• Proficiency in MRI accounting software and advanced Microsoft Excel skills are advantageous.
• Strong interpersonal and communication skills to liaise across departments effectively.
• Ability to multitask in a fast-paced environment, demonstrating independence and attention to detail.
• Experience with SOX compliance and GAAP reporting requirements is essential.
• Knowledge of NYC TC’s, NYC RPIE’s, and municipal income and expense filings is preferred.