1 Property Accountant Job in Kansas, MO
Copaken Brooks LLC is Hiring a Property Accountant Near Kansas, MO
Job Details
Description
Copaken Brooks, LLC is a full-service commercial real estate firm headquartered in Kansas City and serving the Midwest. The company’s full suite of services includes investment acquisition and sales, tenant representation and HQ relocations, property management, asset management, development, owner’s representation, and leasing (office, retail, medical, industrial, and underground). We have over 100 years of proven experience in playing a major role in where millions of people go to work, shop, and live.
Purpose of Position:
Conduct day-to-day property-related accounting transaction support, as well as provide accurate and timely financial information to senior management, partners, third-party accountants, Property Managers, and others to assist in property decision making.
Essential Functions:
- Financial statement preparation
- Reconciliations and supporting schedules
- Budgeting and forecasting
- Understand and support the property lease administration process
- Assist with tax preparer requests
- Debt service reporting
- Respond to property management information requests
Day to Day Responsibilities (including, but not limited to):
- Prepare journal entry accruals, general ledger analysis for expense reclasses, balance sheet reconciliations and supporting schedules for inclusion in the monthly review of financials.
- Compile monthly and quarterly financial statements for a portfolio of properties.
- Prepare budget projections to include tenant rent, reimbursement income, real estate taxes, insurance, depreciation/amortization, and debt service. Work with Property Managers on operating expense estimates.
- Calculate and bill tenant common area maintenance, real estate taxes, and insurance expense settlements annually.
- Assist Property Managers with coding property invoices and miscellaneous cash receipts.
- Calculate management fees monthly.
- Perform accounting functions related to tenant billing, such as inputting new tenant leases, bill tenant rents monthly, calculating and billing tenants for all reimbursable charges.
- Prepare audit and tax supporting workpapers for a portfolio of properties to include a closed trial balance for each property and supporting work papers for each balance sheet account.
- Prepare a summary of capital projections quarterly.
- Maintain an understanding of property lending requirements/compliance and provide required reporting to lenders.
- Respond to information requests for property tax accounting, real estate property tax evaluations and appeals.
Work Relationships:
Position reports to the Controller. The position has daily contact with other members of Accounting and Finance, Property Managers, Office Administrators, and Leasing Agents. Their frequent interactions with the Property Managers include assisting them with tenants regarding billing inquiries and monthly income statement variances. Position has contact with third-party accountants during tax season and audits.
Qualifications
Knowledge & Skills:
- Strong interpersonal, verbal, and written communication skills
- Attention to detail and great organization skills
- Forward-thinking and problem-solving skills
- Ability to set priorities, manage multiple projects, and meet deadlines
- Ability to work independently as well as part of a team
- Strong command of Excel
- Knowledge of MRI, Yardi, AVIDXchange or other real estate industry-related software is a plus
Education & Experience:
- Bachelor’s degree in accounting or finance
- 3 years of accounting experience, Staff Accountant
- Job cost and development experience is a plus
- CPA or CPA eligible is a plus
Job Summary
Other
$63k-77k (estimate)
11/17/2022
04/28/2024
copaken-brooks.com
KANSAS CITY, MO
50 - 100
1922
KEITH COPAKEN
$10M - $50M
Related Companies
The job skills required for Property Accountant include Accounting, Accounts Payable, Financial Statements, CPA, Balance Sheet, Accounts Receivable, etc. Having related job skills and expertise will give you an advantage when applying to be a Property Accountant. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Property Accountant. Select any job title you are interested in and start to search job requirements.
The following is the career advancement route for Property Accountant positions, which can be used as a reference in future career path planning. As a Property Accountant, it can be promoted into senior positions as a Bookkeeping Manager that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Property Accountant. You can explore the career advancement for a Property Accountant below and select your interested title to get hiring information.
If you are interested in becoming a Property Accountant, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become a Property Accountant for your reference.
Step 1: Understand the job description and responsibilities of an Accountant.
Quotes from people on Property Accountant job description and responsibilities
Property accountants prepare, maintain, and review financial records, commercial property agreements, residential property agreements, and deal with some rentals.
04/12/2022: San Antonio, TX
Most property accountants maintain ledgers of accruals and expenditures that document debits and credits during monthly, quarterly and yearly periods.
03/10/2022: Springfield, MA
A property accountant for a hotel chain might also produce profit and loss reports during the same periods.
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Administer all lease processes and evaluate all activities and prepare required reports for same and ensure accuracy of all data tenant ledgers and coordinate with property manager and evaluate all reports on monthly basis.
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Property accountants are responsible for the daily accounting operations on public properties.
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Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.
Career tips from people on Property Accountant jobs
Often, property accountants who manage apartment building finances submit applicants' credit applications to credit bureaus and analyze reports to determine the creditworthiness of the applicants.
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Some property accountants oversee the finances of maintenance and repair expenditures.
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Some property accountants oversee the sale of properties, working with commercial real estate agents and performing mortgage-closing duties.
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Property accountants complete general ledger entries and manage cash balances.
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Property accountants assist with the preparation of documents for annual audits and tax filing processes.
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Step 3: View the best colleges and universities for Property Accountant.
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