Property Accountant

Core Responsibility: Property Accounting & Monthly Close

·       Complete the monthly close and account reconciliations for each property entity

·       Record accruals, prepaids, debt service, and straight-line rent

·       Maintain the Yardi rent roll, tenant ledgers, and security deposits

·       Bill recurring charges, escalations, and recoveries per lease terms

·       Prepare annual CAM, real estate tax, and insurance reconciliations

·       Account for capital projects, construction in progress, and depreciation

·       Set up newly acquired properties in Yardi and QuickBooks at closing

Reporting & Budgeting

·       Prepare monthly property financial statements, variance analysis, and cash forecasts

·       Present results in monthly asset and property management reviews

·       Build annual budgets and quarterly reforecasts in collaboration with property management

·       Prepare lender reporting, covenant support, and escrow draw packages

Investor Accounting

·       Maintain investor capital accounts, including TIC and joint venture interests

·       Prepare quarterly preferred return, distribution, and profit share calculations

·       Calculate and invoice property management, asset management, and EUM fees

Skill Set

·       Bachelor’s degree in Accounting or Finance

·       3 to 5 years of commercial real estate property accounting experience

·       Partnership, joint venture, or fund accounting experience preferred

·       Multi-entity accounting, CAM reconciliations, and tenant recoveries

·       Advanced Excel skills; Yardi and QuickBooks experience preferred

·       Clear communicator with strong attention to detail

·       CPA or progress toward CPA preferred