7 Property Accountant Jobs in Cleveland, OH
gpac is Hiring a Property Accountant Near Cleveland, OH
Reference: D8LPropertyAcc1
Gpac, a 30 year recruiting firm, has recently partnered up with a well-established Real-Estate company that is looking to add a Property Accountant to their team.
You will play a pivotal role in ensuring the financial health and integrity of our client's commercial real estate portfolio. You will be responsible for managing all accounting aspects related to our commercial properties, including financial reporting, budgeting, forecasting, and analysis. Your primary duties and responsibilities will include:
Financial Reporting:
- Prepare accurate and timely financial statements for commercial properties in accordance with GAAP (Generally Accepted Accounting Principles) and company policies.
- Maintain general ledger accounts and reconcile balance sheet accounts related to commercial properties.
- Generate financial reports, including income statements, balance sheets, and cash flow statements, for management and stakeholders.
Budgeting and Forecasting:
- Assist in the preparation of annual budgets and periodic forecasts for commercial properties.
- Monitor actual performance against budgeted and forecasted figures, identifying variances and providing analysis to management.
- Collaborate with property management teams to ensure budget compliance and optimize financial performance.
Lease Administration:
- Review commercial lease agreements to ensure accurate recording of lease-related transactions, including rent payments, operating expenses, and tenant reimbursements.
- Calculate and record lease-related adjustments, such as straight-line rent and lease incentives.
- Work closely with property managers to resolve lease-related discrepancies and issues.
Property Tax and CAM Reconciliation:
- Coordinate with external parties to ensure timely and accurate payment of property taxes and common area maintenance (CAM) expenses.
- Reconcile property tax and CAM expenses with budgets and actual expenditures, addressing any discrepancies or concerns.
Financial Analysis:
- Conduct financial analysis and modeling to evaluate the performance and profitability of commercial properties.
- Provide insights and recommendations to support strategic decision-making and optimization of property operations.
- Assist in due diligence activities for potential property acquisitions or dispositions.
Compliance and Audit Support:
- Ensure compliance with relevant accounting standards, regulations, and internal controls.
- Assist in the coordination of audits, providing necessary documentation and support to auditors.
Qualifications:
- Bachelor's degree in Accounting, Finance, or related field. CPA designation preferred.
- Minimum of 4 years of experience in commercial real estate accounting or related industry.
- Proficiency in accounting software (e.g., Yardi, MRI) and Microsoft Excel.
- Strong understanding of GAAP and financial reporting principles.
- Excellent analytical skills with attention to detail.
- Effective communication and interpersonal skills, with the ability to collaborate across teams.
- Ability to prioritize tasks, meet deadlines, and thrive in a fast-paced environment.
Come be part of a dynamic team dedicated to excellence in commercial real estate. We offer competitive compensation, comprehensive benefits, and opportunities for professional growth and development.
To apply, please submit your resume here or directly to Danielle at Danielle.Levine@gogpac.com for immediate review.
All qualified applicants will receive consideration without regard to race, age, color, sex (including pregnancy), religion, national origin, disability, sexual orientation, gender identity, marital status, military status, genetic information, or any other status protected by applicable laws or regulations.
GPAC (Growing People and Companies) is an award-winning search firm specializing in placing quality professionals within multiple industries across the United States since 1990. We are extremely competitive, client-focused and realize that our value is in our ability to deliver the right solutions at the right time.
Job Summary
Full Time
Business Services
$64k-79k (estimate)
05/14/2024
08/08/2024
gogpac.com
SIOUX FALLS, SD
50 - 100
1990
ALYSSA HERMAN
$10M - $50M
Business Services
Related Companies
About gpac
Growing people and companies since 1990 with a blend of art and science. Our business and expertise are the recruitment and development of top talent. Building the right people, for the right companies, right now! We have the expertise, track record, and confidence to work on nearly any project, any time, anywhere. Our team, with collective experience of over 250 years, is passionate about what we do and 100% dedicated to being the best. We are committed to providing an unequaled standard of excellence to the clients and candidates we serve. We are extremely competitive, client focused, and re...alize that our value is in our ability to deliver the right solutions at the right time. We understand that candidates must be proven players that fit the philosophy, goals, and culture of your organization. Throughout our over 28 years of service nationally, we have built strong relationships with thousands of people by listening, understanding, and delivering. This has allowed us to become recognized as a leader within the staffing world!
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The job skills required for Property Accountant include Accounting, Analysis, General Ledger, Financial Statements, CPA, Balance Sheet, 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.
02/24/2022: Longview, TX
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.
01/25/2022: Tulsa, OK
Property accountants are responsible for the daily accounting operations on public properties.
03/27/2022: Bakersfield, CA
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.
03/18/2022: Providence, RI
Some property accountants oversee the finances of maintenance and repair expenditures.
03/17/2022: Raleigh, NC
Some property accountants oversee the sale of properties, working with commercial real estate agents and performing mortgage-closing duties.
03/13/2022: Somerset, NJ
Property accountants complete general ledger entries and manage cash balances.
02/26/2022: Springfield, IL
Property accountants assist with the preparation of documents for annual audits and tax filing processes.
01/23/2022: Portsmouth, OH
Step 3: View the best colleges and universities for Property Accountant.
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