Property Accountant - Commercial Real Estate

Position Overview

We are seeking a detail-oriented and motivated Property Accountant to join our commercial real estate team. This position is responsible for day-to-day accounting and financial reporting for a portfolio of commercial properties, including accounts payable, accounts receivable, monthly financial reporting, budgeting, and annual common area maintenance (CAM) reconciliations.

The ideal candidate has a solid foundation in accounting, experience with commercial real estate or property management accounting, and proficiency in Yardi Voyager. This role works closely with property management and ownership to ensure accurate financial reporting, timely tenant billings, and effective management of property-level financial information.

Key Responsibilities

Property Accounting & Financial Reporting

• Prepare monthly property financial statements, including income statements, balance sheets, and supporting schedules.
• Prepare and post monthly journal entries, accruals, and adjusting entries.
• Perform monthly general ledger and balance sheet account reconciliations.
• Review financial results, investigate variances, and maintain accurate property-level accounting records.
• Manage monthly, quarterly, and year-end closing activities for assigned properties.
• Maintain fixed asset schedules and track capital expenditures, construction in progress, and placed-in-service assets.

Accounts Payable & Accounts Receivable

• Process vendor invoices, verify general ledger coding, and coordinate timely payments.
• Review vendor statements and resolve billing discrepancies.
• Manage tenant accounts receivable, including rent and additional rent billings, expense recoveries, and other tenant charges.
• Monitor outstanding receivables and assist with collections and resolution of tenant account discrepancies.
• Ensure expenses and tenant charges are accurately allocated to the appropriate properties and accounts.

CAM Reconciliations & Tenant Recoveries

• Prepare annual CAM, operating expense, and real estate tax reconciliations for commercial tenants.
• Review lease provisions to determine applicable expense recoveries, tenant pro rata shares, caps, exclusions, and other billing requirements.
• Reconcile actual operating expenses against tenant estimates and amounts billed during the year.
• Prepare tenant reconciliation statements and supporting schedules.
• Coordinate with property management to resolve tenant questions and discrepancies related to operating expenses and recoveries.

Budgeting & Financial Analysis

• Assist with preparation of annual operating budgets and periodic reforecasts.
• Prepare budget-to-actual reports and investigate significant variances.
• Work with property managers to review operating expenses, income, and anticipated capital expenditures.
• Monitor property expenses and assist with maintaining accurate financial forecasts.

Additional Responsibilities

• Utilize Yardi Voyager for property accounting, general ledger, accounts payable, accounts receivable, tenant billing, and financial reporting.
• Assist with year-end tax preparation, external audits, and other financial reporting requirements.
• Track real estate taxes, insurance expenses, and other property-related costs.
• Assist with property acquisitions, dispositions, and new property or tenant setup as needed.
• Research and resolve accounting discrepancies and recommend process improvements.
• Maintain organized accounting records and supporting documentation.
• Perform other accounting and administrative duties as assigned.

Qualifications

• Bachelor's degree in accounting, finance, or a related field preferred; equivalent relevant experience will be considered.
• Three or more years of accounting experience, preferably in commercial real estate or property management.
• Experience with Yardi Voyager strongly preferred.
• Working knowledge of commercial leases, CAM reconciliations, and tenant expense recoveries preferred.
• Experience with general ledger accounting, financial statement preparation, accounts payable, and accounts receivable.
• Familiarity with budgeting, forecasting, and financial variance analysis.
• Proficiency in Microsoft Excel and other Microsoft Office applications.
• Strong analytical, organizational, and problem-solving skills.
• Excellent attention to detail and ability to manage multiple priorities and deadlines.
• Effective communication skills and the ability to work collaboratively with property management, vendors, tenants, and internal team members.

What We Offer

• Competitive compensation based on experience.
• Health, dental, and vision insurance.
• Retirement plan.
• Paid time off and holidays.
• Additional benefits, including [list applicable benefits].
• A collaborative work environment within an established commercial real estate organization.
• Opportunities to develop professionally and expand commercial real estate accounting expertise.

Equal Employment Opportunity

The 614 Company is an equal opportunity employer and is committed to providing a workplace that values professionalism, respect, and equal opportunity.

Pay: $60,000.00 - $85,000.00 per year

Benefits:

• 401(k) matching
• Dental insurance
• Health insurance
• Paid time off
• Profit sharing

Work Location: In person

Salary : $60,000 - $85,000