["Property Accountant","Property Accountant"]

Property Accountant

The Property Accountant plays a vital role in our Property Accounting Department, focusing on enhancing the financial management and reporting of our real estate portfolio. This position requires a solid foundation in property accounting, meticulous attention to accuracy, and effective collaboration with cross-functional teams. The Property Accountant will ensure precise financial data, conduct thorough analyses, and contribute to the overall success of our property accounting operations.

What You Will Do

• Maintain precise and current financial records for our property portfolio. Record transactions, process invoices, and reconcile accounts to ensure financial data integrity.
• Assist in preparing timely and accurate financial reports, including income statements, balance sheets, and cash flow statements; Collaborate with the Property Accounting team to analyze variances and provide insights.
• Monitor property-related expenses such as utilities, maintenance, and repairs. Ensure expenses are correctly allocated and adhere to budgetary guidelines.
• Support lease accounting processes by tracking lease terms, rent payments, and maintenance obligations.
• Aid in developing property budgets and forecasts in partnership with Property Management and Finance teams; Monitor actual performance against budgeted expectations.
• Conduct monthly bank and account reconciliation to identify and resolve discrepancies; investigate and rectify inconsistencies.
• Calculate and prepare detailed annual CAM reconciliations and other expense recoveries for tenants, based on lease terms and property expenses.
• Monitor property level check runs by bank account, submit any funding requests, and approve for final payment.
• Collaborate with Property Managers, Asset Managers, and other departments to gather pertinent financial data and provide necessary support.
• Ensure compliance with accounting standards, company policies, and regulatory requirements; support audit processes and respond to auditor inquiries.
• Continually assess and enhance property accounting processes to improve efficiency and accuracy; identify opportunities to streamline workflows and enhance data quality.
• Utilize property management and accounting software to process transactions and maintain financial records; leverage technology to enhance reporting capabilities.
• Clearly and succinctly communicate financial information to both financial and non-financial stakeholders; support in explaining financial results and trends effectively.

Skills

• Strong knowledge of accounting principles and practices.
• Proficiency in financial reporting and analysis, with advanced Excel skills.
• Experience with MRI property management and accounting software; familiarity with Spreadsheet Server is preferred.
• Detail-oriented with exceptional organizational skills.
• Effective communication and interpersonal skills.
• Ability to collaborate effectively in a team environment and adapt to shifting priorities.
• Strong problem-solving skills and a proactive approach to tasks.

Education and Experience

• Bachelor's degree in Accounting, Finance, or a related field.
• 2-4 years of experience in property accounting or similar financial roles.

Physical Demands and Work Environment

• This role primarily operates in a professional office environment and routinely uses standard office equipment.
• Ability to travel as needed. This position may occasionally require the employee to work outside the office, visiting properties or attending meetings with external stakeholders.
• While performing the duties of this position, the employee is regularly required to talk and hear; move about the office; must be able to lift, carry, or push/pull up to (15) pounds.
• This is a full-time position. Days and hours of work are Monday through Friday, 8:00am to 5:00pm. This position may require longer hours and occasional weekend work as job duties demand.