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Property Accountant
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$69k-84k (estimate)
Full Time 1 Week Ago
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Creative Financial Staffing is Hiring a Property Accountant Near Stamford, CT

CFS has partnered with a prominent real estate firm to identify a smart and eager Property Accountant to join their team ASAP! The Property Accountant's focus is managing the financial reporting for a set of properties, ensuring accuracy and compliance with accounting standards alongside the Group Controller.
Why should you work here?

  • World-class portfolio with commercial and residential properties
  • Portfolio consists of 100 properties including high profile properties and international properties
  • Strong employee tenure - low turnover and opportunity to work with executives that have been in the industry for decades

What you'll do as Property Accountant:

  • Preparation of the monthly, quarterly and year end closings, including supporting schedules, financial review, variance analysis and the prompt resolution of issues
  • Preparation of financial statements in accordance with the GAAP, Tax and Fair Value basis of accounting
  • Assistance with reporting to management, investors and lenders
  • Work closely with independent CPA Firm(s) for annual year-end audits
  • Cash flow monitoring and management
  • Preparation of annual property and fund level budgets
  • Review and approval of certain property expenses such as real estate taxes, insurance and capital costs
  • Billing and collection of the annual CAM/Tax reconciliations
  • Sales tax filings (as applicable)
  • Complete escalation calculations
  • Oversight of the lease administration, accounts receivable and accounts payable functions, to ensure compliance with the Company's policies and procedures
  • Ad hoc reporting as needed
  • With solid performance, there is opportunity for more responsibility and advancement.

What we are looking for in a Property Accountant:

  • 3 years of experience with accounting for commercial real estate
  • Bachelors degree in accounting or a related field
  • Solid understanding of Financial Statements and of GAAP, Fair Value and Tax basis of accounting
  • Experience with Real Estate Industry Software (Yardi, MRI)

Job Summary

JOB TYPE

Full Time

SALARY

$69k-84k (estimate)

POST DATE

05/01/2024

EXPIRATION DATE

05/20/2024

WEBSITE

compusolveinc.com

HEADQUARTERS

Westbury, NY

SIZE

50 - 100

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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.

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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.

Florida Southern College
Colby College
Dartmouth College
University of Notre Dame
Western Washington University
Canisius College