The Property Accountant will be responsible for all accounting and financial reporting and analysis pertaining to a designated portfolio of commercial properties. The Property Accountant will report to the firm’s Sr. Property Accountant and work closely with the members of the property management, development, acquisition and leasing teams to ensure transactions pertaining to their properties are accurately recorded and effectively reported to Executive Management. This position offers a unique opportunity to work within a fast-growing organization that will allow the candidate significant opportunities for future advancement and increased responsibility as the Company grows.

Financial Reporting and Compliance

• Responsible for the preparation of cash basis financial statements for each property, including the preparation and posting of all required month-end journal entries and reconciliations, including the following:
  • Bank reconciliations
  • Reconciliation of outstanding debt to bank statements
  • Maintain fixed asset ledgers and rollforward of capital accounts
  • Prepare monthly property workpapers for review by Sr Property Accountant and Controller
• Responsible for all compliance related matters pertaining to the portfolio, including
  • State Monthly Tax Filings
  • Debt Compliance Reporting Requirements
• Responsible for detailed monthly Financial Statement Review / Budget to Actual Analysis; working closely with individual Property Managers to identify and explain material budget variances

Oversee Billings and Accounts Receivable

• Working closing with AR / Billing coordinator to ensure all tenant base rent, CAM, Real Estate Tax and insurance billings are issued and recorded in a timely fashion
• Perform monthly / quarterly reconciliations to ensure all appropriate charges have been billed to tenants
• Oversee the collection of all property related accounts receivable to ensure tenant payments are received and recorded in a timely fashion

Accounts Payable – Operating Expenses, Development Expenses and Debt Service Payments

• Responsible for review of all property related expenses through Nexus; work closely with property managers to determine whether expenses are within budget / document and communicate material budget variances
• Responsible for the timely payment of all debt service payments
• Preparing detailed broker commission analysis / approval based on terms of commission agreement

Real Estate Tax Review / Analysis

• Detailed review of property real estate tax expenses prior to payment
• Work directly with tax advisors on preparing reassessment filings; prepare full analysis of all reassessment proposals received from taxing authorities

New Leasing Activity

• Prepare new lease analysis to determine appropriate CAM and RET reimbursement % for all new leases, assessing overall impact to the overall recoverability of property expenses at the property.

Acquisitions and Dispositions

• Responsible for on-boarding new acquisitions including MRI set up; Rent / Roll - Input of Existing Leases; Initial Billing Set Up; responsible for review of prorations within closing settlement statement and preparation of opening balance sheet entry
• Responsible for assisting in the analysis of properties that are marketed for sale