What are the responsibilities and job description for the Staff Accountant position at Monomoy CRE?
Job Title: Staff Accountant
About Monomoy CRE
Monomoy CRE, LLC is a subsidiary of Great Elm Group and manages a private Industrial REIT, build-to-suit development projects, and third-party construction management services. Monomoy focuses on acquiring and managing high-quality industrial real estate assets across multiple states. We are seeking a highly motivated Staff Accountant to join our Boston-based team. This is an excellent opportunity for a recent graduate or early-career accounting professional (0–2 years of experience) to gain hands-on exposure to real estate and REIT accounting within a growing investment platform.
This role will support day-to-day property accounting operations and report directly to a Senior Accountant.
Position Summary
The Staff Accountant will support accounting and operational functions across Monomoy’s industrial property portfolio. This role will be responsible for property-level accounting, cash management, tax and insurance tracking, tenant billing, and vendor coordination.
The ideal candidate is detail-oriented, organized, and eager to develop within a real estate investment environment.
Essential Duties and Responsibilities
Property Accounting and Cash Management
- Assist with day-to-day accounting operations for assigned REIT properties.
- Apply tenant rent payments and ensure accurate posting to tenant ledgers.
- Monitor and manage property-level cash balances and assist in projecting weekly rent collections.
- Prepare monthly bank reconciliations and support close processes.
Accounts Receivable and Payable Oversight
- Monitor and track accounts receivable and accounts payable processes, including rent collection, reimbursable billings, accruals, expense payments, and reconciliations.
- Manage vendor setup and maintain accurate vendor records.
- Process vendor payments in a timely and accurate manner.
- Issue Forms 1099 to vendors at year-end.
Tenant Billing and Reimbursements
- Coordinate tenant reimbursement invoices for taxes, utilities, insurance premiums, HOA fees, and other billings.
- Prepare, review, and distribute invoices to tenants and follow up to ensure timely payment.
- Assist with tracking and processing tenant improvement reimbursements and maintain portfolio-level trackers.
Property Tax, Utilities and Insurance Administration
- Assist with oversight and management of property taxes, utilities, association fees, insurance, and compliance across the portfolio.
- Track real estate tax obligations across multiple jurisdictions, ensuring timely payment and supporting assessment reviews and appeals.
- Maintain utility accounts across properties, including setup, transfers, and ongoing payment tracking.
- Track insurance coverage, including certificates of insurance (COIs), renewals, and compliance with lease and lender requirements.
- Support risk management initiatives and ensure tenant insurance compliance.
Systems, Setup and Lease Administration
- Set up new properties and units in Yardi.
- Review and abstract lease terms for internal tracking and system input.
Reporting, Operations and Administrative Support
- Support monthly and quarterly close processes and maintain organized supporting documentation.
- Oversee administrative tasks including mail intake, invoice review, internal trackers, expense reports, and data entry projects.
- Identify opportunities to improve workflows and enhance operational efficiency.
Qualifications
- Bachelor’s degree in Accounting, Finance, or related field required.
- 0–2 years of accounting experience (internship or public accounting experience a plus).
- Strong Excel skills and comfort working with financial systems.
- High attention to detail and strong organizational skills.
- Ability to manage multiple priorities and recurring deadlines across multiple properties.
- Strong communication and follow-up skills.
- Experience with Yardi or other property accounting systems is a plus.