Property Accountant

Job Title: Property Accountant

Position Summary

Key Responsibilities

Financial Reporting & Analysis

• Oversee monthly and year-end close processes, including review of journal entries and financial reporting across multiple entities and properties
• Maintain a strong command of debits and credits to confidently review and validate financial activity without direct involvement in day-to-day posting
• Analyze balance sheet and income statement activity, identifying variances, trends, and potential risks
• Review financial results prepared by third-party property/fee managers prior to system upload
• Monitor actual performance against budget and reforecasts, providing insight into key drivers

Investment & Entity Accounting

• Record and review financial results of underlying investments using the equity method of accounting
• Reconcile equity and investment accounts across properties, holding companies, funds, and related entities
• Support accurate financial reporting across multi-entity structures

Cash Management & Reconciliations

• Establish bank accounts for newly formed entities
• Review bank reconciliations and oversee cash management processes
• Monitor timeliness and accuracy of real estate tax payments, mortgages, and other financial obligations

Budgeting & Forecasting

• Partner with Asset Management and Property Management teams to develop annual budgets and periodic reforecasts
• Support preparation and review of property- and portfolio-level reporting packages

Audit & Year-End Support

• Lead preparation of year-end financials across entities in advance of investor reporting (K-1 issuance)
• Coordinate with external auditors and provide required documentation

Asset Onboarding & Process Oversight

• Participate in onboarding of new properties, including review of trial balances and alignment with acquisition closing statements
• Provide accounting guidance to third-party managers to ensure consistency and accuracy
• Maintain strong relationships with internal teams and external fee managers

Systems & Process Improvement

• Leverage financial systems and reporting tools to improve efficiency and reporting accuracy
• Support process improvements and integration across financial platforms

Qualifications

Required Experience

• Experience reviewing financials across multiple properties, entities, or business units
• Strong ability to identify variances, trends, and potential financial risks and speak to underlying drivers
• Experience operating in a review/oversight capacity and partnering with leadership to explain financial performance
• Background in multi-entity accounting environments

Preferred Experience

• Real estate or property accounting experience is a plus
• Experience working with third-party property managers or fee managers

Technical Skills

• Experience with real estate accounting systems such as RealPage, Yardi, MRI, JD Edwards, or Microsoft GP is preferred
• Strong proficiency in financial reporting and analysis tools