What are the responsibilities and job description for the Property Accountant position at Careers?
Great people make great properties. As an owner, operator and developer of thriving retail centers in the nation’s top markets, Macerich offers opportunities to work, grow and develop your unique talents. Apply now to help us shape the future of retail real estate while building a meaningful, rewarding and balanced career.
As the Accountant for assigned properties, you will take full responsibility for all related tasks. This includes understanding and analyzing information from shared services departments to evaluate its economic and financial impact on the properties. Your role requires a strong working knowledge of this information to ensure accurate financial reporting and effective property management.
The successful candidate must be able to perform the essential functions of the position satisfactorily. If requested, reasonable accommodations will be made to enable employees with disabilities to perform the essential functions of their job, absent undue hardship.
What you will be doing:
- Accept overall responsibility and ownership of accounting and financial reporting matters for assigned properties. This includes understanding information received from other shared services departments, having a strong working knowledge of such information, and critically analyzing the impact of such information on properties economically and from a financial reporting perspective. Examples include recovery accruals, accounts receivables, overage rent, straight-line rent, and fixed assets.
- Oversee application of GAAP for property including reconciling general ledger accounts. This includes inquiry of other departments regarding items affecting the general ledger that were prepared by other departments.
- Analyze in detail all factors affecting net operating income and net profit.
- Prepare analysis of partner distributions in relation to expected cash inflows/outflows and current cash position.
- Prepare accrual and general journal entries at month-end.
- Prepare financial statements monthly along with an electronic working paper package that contains variance comments quarterly and serves as a detailed audit trail.
- Prepare actual versus budget/prior year monthly analysis with variance explanations for property reports. Work effectively with the Property Manager to develop variance explanations.
- Prepare quarterly projections/budgets of accounting data for assigned properties.
- Manage and ensure payment of debt service, ground leases, real estate taxes, and other miscellaneous special payments. Analyze and reconcile related general ledger accounts monthly.
- Serve as primary liaison with Accounts Payable and Property Mall Team on general ledger coding questions.
- Research agreements, ordinances, etc. to ensure accurate calculations.
- Perform occasional special projects.
- Assist in year-end audit with outside auditors.
The Employer retains the right to change or assign other duties to this position.
The compensation for this position is determined based on several factors, including the candidate's experience, qualifications, and the specific requirements of the role. Final salary offers will be discussed during the interview process and will reflect the candidate's skills and the company's compensation structure.
What you Bring:
- Bachelor's Degree in Accounting is required
- 1-2 years of relevant experience
- Strong understanding of accounting principles
- Proficiency in Excel and if you have Yardi experience, that's definitely a plus
- Excellent communication skills and a team-oriented mindset
- Ability to identify, comprehend and solve problems through review of accounting and financial data
Macerich’s Total Rewards:
- Best-in-class benefits with affordable employee contribution levels
- Generous paid time off, including vacation time, 12 paid holidays and 80 hours of sick time annually
- 401(k) match with immediate vesting
- Ability to purchase company stock at a 15% discount
- 24 paid volunteer hours and employer charitable match
- Employee Assistance Program
- Career-development resources
- Comprehensive wellness program including Calm Health and ClassPass memberships
- Remote Fridays
- And more…
Who We Are:
Macerich is one of the country's leading owners, operators, and developers of major retail real estate (NYSE:MAC). Our high-quality retail properties in many of the most affluent and densely populated U.S. markets set Macerich apart. By bringing communities together, we create long-term value for our shareholders, partners and customers. As we work together to achieve our mission, our shared values drive our progress: Excellence, Relationships, Optimism, Integrity, Empowerment and Fun.
Macerich is an Equal Opportunity Employer committed to employing a diverse workforce. Qualified applicants will be considered without regard to race, color, religion, sex, national origin, age, sexual orientation, gender identity, gender expression, veteran status or disability.