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Property Accountant
$73k-89k (estimate)
Full Time 5 Days Ago
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Finmarc Management is Hiring a Property Accountant Near Bethesda, MD

Job Description

Finmarc Management is a fully integrated commercial real estate company that focuses on the investment, management, leasing and development of retail, industrial/flex, and office buildings throughout the Mid-Atlantic region. We currently manage over 7.0 million square feet of commercial real estate assets, about 75% owned and 25% third party. The company culture is a close-knit, team-oriented group of dedicated professionals who take great personal pride in delivering peak performance in each of their respective roles in a relatively relaxed atmosphere.

About this Opportunity

We are seeking a Property Accountant to ensure accounting and finance tasks are processed on time, accurately, and with attention to detail.

Key Responsibilities

The Property Accountant will report to the Vice President of Finance (VP). (S)he will work closely with, and must establish excellent working relationships with, internal departments such as Property Management, Lease Administration, Construction, and other members of the operations teams. Key responsibilities include:

· Perform detailed month-end procedures to include bank reconciliations and general journal entries

· Coordinate with accounts payable to make vendor payments

· Perform reviews of variance explanations contained within monthly property financial statements and take the lead on interactions with property managers to follow-up

· Ensure timely payments as required for all debt service and escrow accounts

· Complete all lender reporting obligations in a timely and accurate manner

· Monitor all cash balances for portfolio and daily positive pay decisions

· Assist on acquisitions and dispositions for portfolio, coordinating with and taking direction from VP, with input from Asset Management and Lease Administration departments

· Produce year-end tax packages in accordance with filing deadlines

· Coordinate and complete annual review and submission of real estate tax appeals, jurisidictional income and expense statements, personal property tax returns, and other similar periodic accounting tasks

· Interact with asset management, property management, and other internal groups to produce accounting information

· Participate in special projects as directed by VP.

Qualifications

· Bachelor’s degree from a 4-year college or university; or at least three (3) years of accounting work experience required (5 years and real estate preferred); or equivalent combination of education and experience

· Experience with accounting software (Yardi preferred)

· Must demonstrate excellent verbal and written communications skills, including the ability to effectively interact with, present information, and respond to questions from internal and external clients

· Must be well-organized and be able to manage and prioritize work, pay attention to detail, take initiative to resolve problems, follow through, and simultaneously ensure that deadlines are met.

· Must be able to operate proficiently in a Windows environment (i.e., MS Word, MS Excel, MS Outlook, MS Teams)

Job Summary

JOB TYPE

Full Time

SALARY

$73k-89k (estimate)

POST DATE

09/12/2024

EXPIRATION DATE

03/09/2025

WEBSITE

finmarc.com

HEADQUARTERS

BETHESDA, MD

SIZE

100 - 200

FOUNDED

1987

TYPE

Private

CEO

DAVID FINK

REVENUE

<$5M

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Finmarc is a real estate company that focuses on the real estate investment, management, leasing and development of retail and industrial projects.

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The job skills required for Property Accountant include Accounting, Accounts Payable, Financial Statements, Attention to Detail, Written Communication, Accounting Software, etc. Having related job skills and expertise will give you an advantage when applying to be a Property Accountant. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Property Accountant. Select any job title you are interested in and start to search job requirements.

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The following is the career advancement route for Property Accountant positions, which can be used as a reference in future career path planning. As a Property Accountant, it can be promoted into senior positions as a Bookkeeping Manager that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Property Accountant. You can explore the career advancement for a Property Accountant below and select your interested title to get hiring information.

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If you are interested in becoming a Property Accountant, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become a Property Accountant for your reference.

Step 1: Understand the job description and responsibilities of an Accountant.

Quotes from people on Property Accountant job description and responsibilities

Property accountants prepare, maintain, and review financial records, commercial property agreements, residential property agreements, and deal with some rentals.

04/12/2022: San Antonio, TX

Most property accountants maintain ledgers of accruals and expenditures that document debits and credits during monthly, quarterly and yearly periods.

03/10/2022: Springfield, MA

A property accountant for a hotel chain might also produce profit and loss reports during the same periods.

02/24/2022: Longview, TX

Administer all lease processes and evaluate all activities and prepare required reports for same and ensure accuracy of all data tenant ledgers and coordinate with property manager and evaluate all reports on monthly basis.

01/25/2022: Tulsa, OK

Property accountants are responsible for the daily accounting operations on public properties.

03/27/2022: Bakersfield, CA

Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.

Career tips from people on Property Accountant jobs

Often, property accountants who manage apartment building finances submit applicants' credit applications to credit bureaus and analyze reports to determine the creditworthiness of the applicants.

03/18/2022: Providence, RI

Some property accountants oversee the finances of maintenance and repair expenditures.

03/17/2022: Raleigh, NC

Some property accountants oversee the sale of properties, working with commercial real estate agents and performing mortgage-closing duties.

03/13/2022: Somerset, NJ

Property accountants complete general ledger entries and manage cash balances.

02/26/2022: Springfield, IL

Property accountants assist with the preparation of documents for annual audits and tax filing processes.

01/23/2022: Portsmouth, OH

Step 3: View the best colleges and universities for Property Accountant.

Florida Southern College
Colby College
Dartmouth College
University of Notre Dame
Western Washington University
Canisius College
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