Senior Property Accountant

Job Summary

The Senior Property Accounting is responsible for supervising some of the Property Accounting team members. These responsibilities include ensuring the property accounting team’s daily, monthly, quarterly, and annual accounting duties.

This includes ensuring accuracy of leases in the accounting system, processing tenant charges and payments, working with team to resolve tenant collection issues, third party reporting into corporate books and records, fixed assets, prepaids, monthly close, and reporting responsibilities.

Experience and attributes

5 - 7 years of accounting experience required with exposure to commercial real estate property accounting experience. Individuals should have strong interpersonal, written and verbal communication skills with the ability to be a team player.

Team Responsibilities

Cash Management/Treasury

• Prepare daily liquidity reports and associated transfers
• Transmit all deposits via Remote Deposit Service
• Properly generate tenant charges and apply tenant payments
• Prepare and enter Accounts Receivable service management deposits
• Record bank transfers

Lease Accounting

• Review and properly set up leases in Accounting system from lease administration
• TICAM reconciliations and billings
• Communicate with tenants to resolve discrepancies with outstanding amounts
• Track tenant sales reporting and percentage rent
• Prepare and maintain prepaid commission reconciliations

General Ledger

• Maintain recurring journal entries
• Assist with Accounts Receivable and Service Management as necessary

Monthly reporting

• Prepaid asset tracking and amortization
• Fixed asset reconciliations and depreciation
• Reconcile various accounts for month end close
• Coordinate and lead monthly collection meetings
• Month end reconciliations and reporting, including operating income statement variance reporting

Annual

• Prepare and review commercial budget templates for annual budget review
• Preparing TICAM reconciliations and billing

Ad Hoc Transactions and Analysis

• Record transactions acquisitions and dispositions
• Enter journal entries into General Ledger as needed/requested
• Analyze accounts as needed/requested
• Research miscellaneous items as needed/requested
• Other duties as assigned

Requirements

• 5-7 years of accounting experience
• Strong communication and supervision skills, including review of staff work
• Ability to demonstrate close attention to detail
• Proficient in MS office with strong knowledge of and experience in Excel
• Experience with SAGE 300CRE software preferred
• Experience and aptitude to perform detailed work within an accounting system
• Bachelor’s degree required with a preference for an Accounting major