What are the responsibilities and job description for the Commercial Property Accountant position at Olshan Properties?
Position Summary
The Commercial Property Accountant is responsible for coordinating and participating in all aspects of commercial property accounting functions.
Position Duties and Responsibilities
- Prepare bank reconciliation and journal entries for assigned properties.
- Prepare monthly financial statement workpapers, ensuring all transactions are recorded in accordance with the accrual basis of accounting.
- Analyze variances between actuals and budget/forecast, present findings to management.
- Handle the monthly and quarterly close process, ensuring timely posting and thorough analysis of financial results. Provide accurate and complete reporting with all variances identified, investigated, and clearly explained.
- Prepare and submit draw request packages and financial reports to lenders, ensuring accuracy, completeness, and compliance with loan agreement requirements.
- Able to review leases and tenant ledger and communicate with tenants.
- Prepare year-end tax workpapers and governmental filings, including TC-201 and RPIE.
- Support various financial activities and perform special projects as assigned.
- Protect employer’s privacy and data; keep passwords safe.
Knowledge and Skill
- Ability to communicate with others, identify issues and resolve potential conflicts.
- Must be able to set priorities, plan, organize and accomplish tasks, often within strict time limitations and work well independently.
- Possess excellent computer skills with working knowledge of spreadsheets, word processing, database software and the internet.
Requirements
- Bachelor’s degree in accounting or finance. CPA Plus
- Commercial accounting experience preferred
- Three (3) years of experience in commercial real estate.
- Working knowledge of leases tenant ledgers etc.
- Yardi/MRI other real estate software experience a plus
- Working knowledge of CAM and Real Estate Tax reconciliation