Property Accounting Specialist

Arkansas Talent Group is working with one of our well-known Commercial Real Estate Clients to find a Property Accounting Specialist to join their growing team. This role is a strong fit for an accounting professional who enjoys a blend of transactional accounting, lease administration, and collaboration with property management staff.

Role Overview

The Property Accounting Specialist plays a key role in supporting the property management accounting function. This position is responsible for handling financial activity across an assigned portfolio of commercial properties, including accounts receivable, tenant billing, accounts payable, vendor processing, cash activity, loan-related accounting, and lease administration.

The right candidate will be dependable, detail-oriented, and highly organized, with strong communication skills and the ability to work independently while maintaining professionalism and confidentiality. This person will partner closely with Property Managers and Assistant Property Managers and should be comfortable managing multiple priorities in a fast-paced environment.

Primary Responsibilities

Accounts Receivable

• Post tenant payments and adjustments accurately and within required timeframes.
• Track daily direct deposits and ensure they are posted correctly.
• Record split payments and resolve discrepancies as needed.
• Prepare tenant billing based on lease terms and management approval.
• Handle suspense and billback charges and correct posting errors.
• Run late-fee reports and apply approved charges.
• Send monthly tenant statements.
• Set up and process tenant promissory note charges.
• Review A/R reports with property management staff.

Cash and Loans

• Monitor cash balances for properties and coordinate transfers when necessary.
• Support monthly bank statement reconciliations for property accounts.
• Enter new or refinanced loan information into Yardi.
• Confirm loan drafts are set up properly and processed on schedule.
• Reconcile monthly loan statements and post approved adjustments.

Lease Accounting

• Set up lease accounts in Yardi within required timelines after lease execution.
• Prepare and post lease charge batches.
• Calculate and apply monthly rent escalations.
• Process tenant transfers, move-outs, and security deposit transfers.
• Complete annual CAM reconciliations in line with lease terms.
• Update CPI data and determine rent increases.
• Monitor tenant sales reporting for percentage rent purposes.

Accounts Payable

• Process vendor payments accurately through the system workflow.
• Handle monthly draft invoices for all properties through the workflow process.

Additional Duties

• Help prepare and review monthly financial statements for ownership reporting.
• Calculate and bill management fees.
• Process ownership distributions and related payments.
• Maintain the ownership distribution calendar.
• Post sales tax rebate payments and review variances.
• Process annual real estate and franchise tax payments.
• Assist with the annual budget process and related reviews.
• Support new property setup in Yardi and property files.
• Complete bank runs as needed.

Qualifications

• Bachelor's degree in Accounting, or 3 to 5 years of bookkeeping or related experience.
• Experience in administrative support and organization is preferred.
• Prior Yardi experience is a plus.
• Strong Excel skills are required.
• Good understanding of accounting principles and financial reporting.
• Ability to review and interpret leases and other legal documents.
• Strong written and verbal communication skills.
• Comfortable working with ratios, percentages, and other basic calculations.
• Strong analytical and problem-solving skills.

For more information, please apply directly or reach out to Stephanie Shine, or any of your ATG recruiters to learn more.

Arkansas Talent Group is an Executive Permanent Placement Recruitment Firm; all considerations will be held confidential.