What are the responsibilities and job description for the Property Accountant position at Worthe Real Estate Group?
Worthe Real Estate Group is a prominent real estate development, management and investment firm that owns and manages Class A office buildings throughout Los Angeles. We are looking for a Property Accountant with minimum 2 years of experience and a Bachelor's degree to join the team at our beautiful Santa Monica office.
Job Description:
- Review cash position daily. Ensure accurate recording of cash activity via journal entry and reconciling bank statements to general ledger accounts.
- Assist Property Managers in researching/reconciling cash receipts.
- Work with Property Managers and Lease Administrators to ensure completeness and accuracy of tenant data in the accounting system.
- Review and post accounts receivable for proper coding and application, which includes invoices to tenants and receipts from tenants.
- Review and post accounts payable for proper coding and approvals, propriety of payments, supporting documents, etc.
- Prepare monthly property management fee calculations.
- Assist with monthly cash vs. budget variance reports and prepare variance explanations.
- Prepare monthly/quarterly cash/accrual basis financial statement reporting packages on a timely basis.
- Prepare year-end audit packages as required by external auditors.
- Prepare escalation calculations.
- Additional accounting projects as needed.
Requirements
- Degree in Accounting or a related field from an accredited university.
- 2 years of experience in accounting.
- Experience with Yardi and/or MRI is a plus.
- Exposure to Generally Accepted Accounting Principles (GAAP).
- Outstanding organizational skills and attention to detail.
- Ability to manage multiple priorities and meet deadlines.
- Strong computer skills with the ability to learn new software applications.
- Proficiency in Microsoft Word and Excel is required.
Salary : $70,000 - $90,000