Our client, a highly reputable real estate owner/developer with a luxury portfolio of commercial and multifamily properties, is seeking a strong Senior Property Accountant to add to their team. This firm has a very friendly work environment, low turnover and an extensive track record of promoting from within.
Responsibilities Include:
- Oversee accounting duties for luxury properties located across the country
- Prepare accrual-based financial statements for assigned portfolio
- Analyze the general ledger for each property, prepare journal entries, calculate accruals and adjustments and maintain detailed workpaper files on a monthly basis
- Review results of operations and provide detailed explanations of variances
- Review invoices to ensure correct account coding and expense allocations
- Prepare reconciliations of all cash accounts, reserves and escrows
- Monitor cash balances and request capital funding, as needed
- Maintain fixed asset and depreciation schedules
- Calculate real estate tax and operating expense escalations
- Interact with asset managers, leasing agents, and property managers
- Assist in the resolution of tenant billing inquiries with accounts receivable and legal departments
- Ensure lender reporting compliance
- Respond to lender inquiries, as needed
- Compile financial information for analysts during debt refinances and/or sales of properties
- Prepare annual budget and reforecast
- Prepare real estate tax certiorari filings
- Serve as the main contact for annual audits and tax return preparation
Requirements Include:
- Bachelor’s Degree in Accounting
- Background in public accounting or private industry within the real estate industry
- Knowledge of Yardi, MRI or similar software is preferred
- Strong organizational and communication skills