Senior Property Accountant

Job Summary

The Senior Property Accountant is responsible for the full-cycle accounting for an assigned portfolio of commercial properties, including the accurate and timely preparation of property-level financial statements in accordance with US GAAP and Company policy. The role prepares and analyzes monthly and quarterly closing actuals, leads CAM and lease-related accounting, supports the budget and reforecast process in collaboration with property management and asset management, and serves as the primary point of contact for client and property-level accounting questions.

The Senior Property Accountant works independently with minimal day-to-day supervision, exercising sound accounting judgment to identify and resolve issues, and escalating appropriately when matters fall outside established policy or authority.

Key Responsibilitie

sMonth-End Close & Financial Reportin

• gPerform the full month-end close for an assigned portfolio: prepare and post journal entries, bank reconciliations, GL account reconciliations, and monthly accrual entries
• .Prepare and analyze the monthly financial reporting package for each property, including balance sheet, income statement, supporting schedules, and variance analysis comparing actuals to budget
• .Maintain property-specific general ledgers, ensuring all transactions are accurately recorded, classified, and reconciled
• .Ensure all activity for the period, including expenses, receipts, owner distributions, and funding requests, is accurately and completely posted before close
• .Calculate owner distributions and/or funding requests as required
• .Maintain the overall integrity of financial records for the assigned portfolio

.Daily Accounting & Cash Managemen

• tCreate batches for tenant receipts, post tenant billing adjustments, and apply prepayments to open charges
• .Review and approve vendor invoices; monitor payables to ensure timely, accurate processing
• .Monitor and maintain property cash balances daily, flagging shortfalls or irregularities proactively

.Lease Administration & CA

• MSet up and terminate leases in Yardi, including rent schedules and tenant recovery pools/profiles
• .Prepare annual and quarterly CAM reconciliations and estimates in accordance with lease terms
• .Review lease agreements and abstracts to ensure billing, recoveries, and commission calculations are correctly reflected in the accounting system

.Budgeting & Forecastin

• gParticipate in the annual budget process and quarterly reforecasts for the assigned portfolio, in close collaboration with property management and asset management
• .Prepare monthly income statement analyses comparing actuals to budget and explain material variances
• .Support capital planning and reforecast cycles within the property management system

.Client & Cross-Functional Communicatio

• nRespond promptly and accurately to requests from property managers, asset managers, and clients on property accounting questions or issues
• .Support the annual financial statement audit and tax return preparation with accurate, well-documented workpapers

.Process Improvemen

• tContinuously evaluate property accounting processes for efficiency and accuracy; identify opportunities to streamline workflows
• .Take on additional responsibilities and special projects as needed

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Qualificatio

• nsBachelor's degree in Accounting or Finance require
• d.CPA certification preferred, not require
• d.Minimum 4 years of commercial property accounting experience, with meaningful exposure to retail assets required; office or mixed-use experience a plu
• s.Experience with Yardi Voyager or MRI required; Yardi Voyager preferre
• d.Strong working knowledge of US GAAP as applied to commercial real estat
• e.Advanced Microsoft Excel skills (SUMIFS, INDEX/MATCH, Pivot Tables); proficiency across the Microsoft Office suit
• e.Demonstrated ability to work both independently and effectively within a team environmen
• t.Strong written and verbal communication skills; comfortable communicating directly with clients and property-level stakeholder
• s.Self-directed, organized, and detail-oriented, with sound judgment on when to resolve an issue independently versus escalat