Columbia Residential is currently seeking a Senior Property Accountant in our Atlanta office. This position accounts for property level transactions for multiple properties, assists with the overall consolidation of portfolio wide closing tasks, and supports management and external auditors to facilitate the timely preparation of GAAP-based financial information for internal and external reporting (including partner level reporting). This position also assists with quarterly financial forecasting and annual budgeting, preparing accurate and complete income recovery, analysis, explains budget and trend variances, and projects short-term and long-term cash management needs due to lender restrictions. 

Key Responsibilities: 

The Senior Property Accountant reports directly to the Controller of Property Accounting. • Responsible for full property financial operations reporting monthly – revenue, expenses, accruals, job cost reporting, etc. • Partner with onsite property teams to maximize quality of financial information. • Assist with external reporting for assigned properties in accordance with property ownership requirements. • Maintain tenant receivables records including identification of collection issues and potential bad debt. • Analyze and abstract lease documents with ability to understand their impact on both the balance sheet and income statement. • Maintain straight-line rent schedules including the update of same for lease amendments. • Coordinate with and assist auditors and tax department. • Analyze balance sheet and income statement activity for proper and complete reporting. • Perform variance analysis with an understanding of how certain scenarios should be reflected in financials. • Maintain job costs records for capital projects at properties as well as perform monthly capital commitment tracking. • Assist and collaborate in the preparation of the quarterly reforecast and annual budget. 

Essential Functions: 

• Monthly close of the general ledger including variance analyses, bank reconciliations, recoverable income reconciliations, calculation of accruals, and any consolidated close entries. (30%) • Maintain subledgers for fixed assets and job cost including reconciling to general ledger and determining cash requirements and capital commitments. (15%) • Apply technical accounting issues, company policy, and control procedures. (15%) • Analyze lease documents with ability to understand their impact on financial statements. (10%) • Review third-party provider coding of cash receipts and payables activity for completeness. (10%)

Competencies:

 • Detail oriented with ability to multi-task and meet deadlines. • General understanding of accounting software systems and how they interact. • Strong team player. • Strong analytical and technical accounting skills. • Full understanding of the basics of US GAAP as it relates to real estate accounting. • Ability to understand various ownership structures and related reporting requirements. • Must be proficient in Microsoft Office. • Must have excellent verbal and written communication skills. • Must be a self-starter, self-disciplined, and highly organized.