Core Property Capital is seeking to hire a full-time Property Accountant to join their Atlanta team and focus on property accounting & finance responsibilities for a real estate private equity fund and various other investment vehicles. The opportunity exists for this individual to get great exposure into the real estate industry and build a long-term career with a dynamic, growing, reputable real estate group. Applicants for this position will be self-motivated individuals with a high degree of initiative and professionalism.
The Property Accountant is expected to:
Handle full-cycle accounting for a real estate portfolio including income producing and development properties with limited supervision
To provide accurate and timely financial information as required internally by management and externally by investors and other parties
Have full involvement, responsibility, and accountability for their portfolio, which includes all monthly, quarterly, annual, and other duties as detailed in the job responsibilities
Complete all job functions relating to assigned properties accurately, efficiently, and by the assigned deadlines
Utilize and develop skills such as problem solving, decision-making, time management and effective communication to achieve the desired results
Job Responsibilities
The Property Accountant will report directly to the Chief Financial Officer and Controller and will be responsible for the following:
Monthly
Reconciliation and understanding of all balance sheet accounts and produce monthly financial statements and supplementary reporting as required
Preparing monthly financial statements for third-party owners and meeting reporting deadlines
Maintaining detailed balance sheet and income statement support schedules
Utilize budgets and other tools to analyze variances and reconcile payments applied against major contract values
Analyzing monthly accruals versus budget and providing detailed variance explanations
Monitor cash positions and anticipate future cash deficiencies
Monthly bank reconciliations including follow up and correction of outstanding items
Reconciling lockbox and operating bank accounts
Reconciling lender-controlled escrow accounts
Forwarding real estate tax and insurance invoices to lenders for payment from escrow accounts
Calculating monthly management fees
Monitor and review monthly receivables for accuracy, adjustments, and/or corrections
Ensure all tenant administration duties are processed per documentation as required
Supply tenant analysis and statements of account as required
Monitor and review accounts payable coding for accuracy
Approving invoices through Yardi Workflow
Annually
Responsible for completing accounting portion of assigned property budgets, annual business plan within assigned deadlines
Assisting Property Managers with annual budget preparation
Follow up on status of budgets throughout the draft, revised, and final stages to ensure completion within the assigned deadlines
Assist in the preparation of supporting working papers and documentations for year-end audit process and tax filing process
Working directly with third-party auditors during year-end audits
Other Duties
Property sales– assist with final operating statements, funds distribution, closing of bank accounts, and any other relevant closing duties
Full understanding of all property specific processes and upkeep of pertinent information relating to specific properties
Input / feedback for improving procedures and initiating quality and efficiency enhancements
Efficient and effective communication, in a professional manner, with all CPC employees
Qualifications\Requirements
Minimum 4-5 years accounting experience; minimum 2-3 years commercial/retail property accounting experience required
Relationship Skills: ability to communicate effectively, both oral and written; ability to develop and sustain cooperative working relationships; team player
Organizational/Multi-Tasking: ability to allocate one’s time effectively, work under pressure, and meet tight deadlines; ability to handle multiple demands and competing priorities; ability to prioritize workload; ability to work at a detailed level; willingness to learn in a dynamic environment that includes new ideas and change
Computer Skills: intermediate to advanced skills in MS Office Suite; advanced Yardi Voyager
Able to interact confidently
Ambitious, self-motivated and thrive in a highly professional environment with strong process and internal control
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Numbers & Facts
Location
Atlanta, GA
Job Type
Full-time
Skills
Accountingunmatched
Accounts Payableunmatched
Accounts Receivableunmatched
Administrative Skillsunmatched
Analysis Skillsunmatched
Balance Sheetunmatched
Billingunmatched
Budgetingunmatched
Business Planunmatched
Code Reviewsunmatched
Commercial Real Estateunmatched
Communication Skillsunmatched
Computer Skillsunmatched
Documentationunmatched
Escrowunmatched
Establish Prioritiesunmatched
Financeunmatched
Financial Controlunmatched
Financial Reportingunmatched
Financial Statementsunmatched
Income Statementsunmatched
Insuranceunmatched
Loansunmatched
Microsoft Officeunmatched
Multitaskingunmatched
Private Fundingunmatched
Problem Solving Skillsunmatched
Procedure Developmentunmatched
Property Insuranceunmatched
Property Managementunmatched
Property Taxunmatched
Quality Assuranceunmatched
Real Estateunmatched
Real Estate Developmentunmatched
Real Estate Salesunmatched
Reconciliationunmatched
Team Playerunmatched
Time Managementunmatched
Variance Analysisunmatched
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