Senior Property Accountant

Full job description

The Senior Property Accountant will be responsible for managing and executing various property accounting functions related to lease transactions and tenant reconciliations. This role involves participating in monthly and quarterly financial processes, preparing reports, and ensuring compliance with accounting standards. The ideal candidate should possess strong analytical skills, attention to detail, and the ability to communicate effectively with tenants and internal stakeholders.

Tenant Revenue Oversight:

• Execute the monthly rent up process, ensuring all rental income is recorded correctly
• Perform monthly bank reconciliation, ensuring all transactions are accurately recorded and discrepancies are resolved
• Conduct comprehensive reconciliations for Common Area Maintenance (CAM) charges, tenant expenses, and operating expenses
• Address and resolve tenant inquiries related to operating expenses and works closely with PM and AR team to ensure timely resolution
• Monitors and reconcile prepaid rent and percentage rent postings in the Cash Management system

Property Tax Management:

• Oversee property tax process to ensure that tax accruals, payments, and tenant tax reconciliations align with expectations
• Works with tax accountant to facilitate communication between tenants, tax authorities, consultants, property managers, and other relevant parties to ensure comprehensive tax management
• Review payment packages and coding for all Ryan Tax approval reports, ensuring accuracy and compliance

Reporting and Compliance:

• Maintain and update the Foregone Lease Cost (FLC) schedule
• Review quarterly CM batches to ensure all transactions are properly recorded and reconciled.
• Enter GL JE's accurately and timely as a Senior Accountant and process quarterly entries related to tenant revenue and expenses accounts
• Conduct quarterly reconciliations of all relevant accounts, ensuring accuracy and compliance with accounting standards
• Manage and execute quarterly payments related to mall operations, ensuring timely and accurate processing
• Prepare memos related to the acquisition, modification, and disposition of leases

Financial Analysis:

• Conduct financial analysis related to tenant rent collections, base rent percentages, and tenant deferral agreements
• Prepares and analyzes the collections report to monitor outstanding payments and ensure timely collections and present it to the company in a timely manner

Collaboration and Communication:

• Collaborate with cross-functional teams, including Acquisition, Property Management, Asset Management, and Real Estate Legal, to optimize financial and operational performance.
• Ensure effective communication with internal and external stakeholders

EDUCATION AND EXPERIENCE

• Bachelor’s degree in accounting, Finance, or related field
• Minimum of 4-6 years of experience in property accounting
• Strong knowledge of GAAP and lease accounting standards
• Proficiency in accounting software and Microsoft Office Suite, particularly Excel
• Excellent analytical and problem-solving skills
• Strong attention to detail and organizational skills; self-starter
• Effective communication and interpersonal skills
• Ability to work independently and as part of a team
• Experience with publicly traded companies, REITs, or the real estate industry preferred
• Experience with internal controls and supporting SOX requirements preferred
• Appfolio/Yardi or other Property Management software a plus

About Us

Province Land Company is part of a fast growing, vertically integrated development company who mission it is to build structures with enduring value and a timeless aesthetic. The Senior Accountant will be responsible for the day-to-day accounting of a property portfolio of commercial real estate, mostly comprised of multifamily apartments, but also some retail and other commercial property.

Job Type: Full-time

Pay: $90,000.00 - $100,000.00 per year

Benefits:

• 401(k)
• Health insurance
• Paid sick time
• Paid time off

Physical Setting:

• Office

Experience:

• GAAP: 1 year (Preferred)

Ability to Commute:

• Santa Maria, CA 93454 (Required)

Ability to Relocate:

• Santa Maria, CA 93454: Relocate before starting work (Required)

Work Location: In person

Salary : $90,000 - $100,000