Description
Purpose:
The Senior Property Accountant position is responsible for assisting with the accounting, financial analysis and reporting function for real estate partnerships and other related entities.
Responsibilities:
- On a monthly basis, update accounting records for institutional investors by gathering, recording, and reconciling information on MRI and/or Yardi
- Review tenant accounts to ensure they are billed for base rent and additional charges in accordance with their lease and investigate and resolve all discrepancies noted
- Prepare annual reconciliations of tenant operating and real estate tax escalations for assigned properties
- Ensure the accurate and timely processing of daily cash receipts for assigned properties
- Research and assess vendor payments to ensure they are properly coded prior to payment
- Assist in the preparation of all monthly, quarterly, and annual financial statements for investors, lenders, and internal users
- Assist in the annual budgeting process, quarterly re-forecasting process and preparation of monthly reports for review by senior management
- Prepare revenue and expense variance analysis on a quarterly basis and investigate and document any material fluctuations
- Review and develop a comprehensive understanding of all mortgage documents and management, joint venture, and operating agreements for assigned properties
- Assist with monthly development funding requisitions
- Prepare depreciation and fixed asset schedules on a quarterly basis
- Assist with the preparation and review of annual tax returns when necessary
- Compile year end reporting packages and related schedules required for the annual audits
- Work with Asset Management, Tax, Finance and Legal Departments to obtain necessary information for the compilation of the annual financial statements
- Assist with ad-hoc projects and other duties as assigned
What you’ll need:
- BA/BS degree in Business Administration, Accounting or Finance required
- 3 to 5 years of commercial real estate accounting experience required
- Must have experience in MRI real estate accounting system
- Strong computer skills with proficiency in MS Office suite and experience with Yardi a plus
- Ability to adhere to strict deadlines
- Self-motivated person who thrives in a dynamic work environment
- Ability to interact in a team-oriented environment and to obtain information needed from various teams to do the periodic reporting
- Strong written and verbal communication skills
- Excellent organizational skills, strong attention to detail and the ability to manage multiple priorities, while meeting deadlines
- High degree of personal integrity and ability to work effectively in a fast-paced team environment
- May coach and train junior members of the team
- Ability to work independently, as well as part of a team
- Adaptability to changing demands
- Effective problem-solving skills
This job is no longer active.