What are the responsibilities and job description for the Property Accountant position at Capital Insight?
Job Title: Property Accountant – Real Estate Investment & Family Office
Location: Century City
Reports To: Senior Accountants
Company Overview:
Capital Insight Management is a diversified real estate investment firm specializing in hospitality, retail, and residential properties. In addition to managing our real estate portfolio, we provide family office accounting services, including trust and estate-related financial oversight. We are seeking a detail-oriented Senior Accountant to manage complex accounting operations across our investments and family office functions.
Position Summary:
The Property Accountant will be assisting with the full-cycle accounting and financial reporting for a portion of the company’s real estate holdings and family office entities. This role requires attention to detail and strong work ethic to assist in real estate accounting, trust accounting, and compliance with GAAP/cash basis, as well as the ability to provide accurate and timely financial insights for management and stakeholders.
Key Responsibilities:
Real Estate Accounting:
- Assist in preparing monthly, quarterly, and annual financial statements for a portfolio of properties.
- Assist in maintaining accurate property-level general ledgers, including revenue recognition, expense allocation, and intercompany transactions.
- Reconcile bank accounts, balance sheets, and tenant deposits.
- Assist with budgeting, forecasting, and variance analysis for each property.
- Support annual audits, tax filings, and compliance reporting for real estate entities.
Family Office & Trust Accounting:
- Maintain trust, estate, and other family office accounting records in compliance with applicable regulations.
- Assist in recording and monitoring investments, distributions, and other transactions related to family office accounts.
- Assist in preparing financial reports and schedules for trusts, estates, and other family office entities.
- Ensure compliance with reporting requirements to beneficiaries and regulatory authorities.
General Accounting & Administration:
- Coordinate with third-party management companies, external auditors, tax advisors, and legal counsel as needed.
- Assist in ad-hoc accounting and treasury projects.
Qualifications:
- Bachelor’s degree in Accounting, Finance, or related field.
- 2 years of experience in accounting, with a strong preference for public accounting and/or real estate accounting experience.
- In-depth knowledge of GAAP and real estate financial reporting.
- Experience with Yardi preferred.
- Strong analytical, organizational, and communication skills.
- Ability to manage multiple priorities in a fast-paced environment.
Key Competencies:
- Attention to detail and accuracy in financial reporting.
- Proactive problem-solving and process improvement mindset.
- Ability to work independently and collaboratively with cross-functional teams.
- Discretion and professionalism in handling sensitive family office information.
Benefits:
- $75K to $95K, and 10% target bonus
- Free daily lunches
- Partially paid health, dental, and vision insurance
- 401(k) with company match
Holidays, paid time off, and sick days