Pop-Up Talent is Hiring a Commercial Real Estate Property Accountant Near Santa Clara, CA
Job DescriptionCommercial Real Estate Property AccountantSanta Clara, CA 95054 Salary: $75- 85k JOB SUMMARY:
The primary responsibility of the Property Accountant is the integrity and accuracy of the general ledger and financial statements of assigned properties. This position is responsible for all general ledger reviews and selected reporting compliance for assigned properties, as well as serving as the primary accounting contact for all third-party managed portfolios. This requires a close working relationship with property management and accounts payable/receivable staff.
QUALIFICATIONS: The following attributes are desirable for job success:
Minimum 3 years of directly relevant Commercial Real Estate accounting experience
Exceptional communication and organizational skills
Detail oriented and accurate
Ability to work under pressure; self-motivated and self-directed
Good time management skills
Ability to work with staff/team in solving problems; and ability to take direction and function as part of a team.
ESSENTIAL JOB FUNCTIONS AND RESPONSIBILITIES:
Preparation of all monthly reporting packages for assigned properties per the client standards
General Ledger Responsibilities:
Proper amortization of all prepaid/deferred expenses
Recording of all accruals for capital and operating expenses
Proper coding of all accounts receivable and payable entries
Appropriate classification of all expenses
Integrity of all balance sheet accounts
Recording/input of all general journal entries (cash and accrual basis as needed)
Reconciliation of all bank accounts (including Excel checkbook)
Commercial Real Estate Management Responsibilities:
Accuracy of rent roll
CAM reconciliations for all tenant move-outs
Review of lease abstracts to original lease for accuracy
Set up of all new tenants/renewals in lease system
Assist when needed with the preparation of monthly tenant statements
Accounts Payable Responsibilities:
Review of all a/p before input (coding/amounts/proper authorization)
Review of all check runs before checks are printed (coding, vendor, amounts, etc.)
Check for available funds/prepare funding requests for each check run
Tracking and preparing property taxes for payment including supplementals
Prepare funding requests, researching impounds when needed for taxes and insurance
Annual Budget Responsibilities:
All revenue forecasts (including tenant related, misc. income, and interest)
Insurance expense (with appropriate support)
Tax expense (with appropriate support)
Debt service (including any associated draws/payments/paydowns/interest)
Administrative expenses and State taxes (FedEx, Bank Fees, LLC fees)
Depreciation and Amortization when applicable
Variance analysis for all direct budget input
Review of the overall budget including variances, explanations, and reasonableness
Additional Responsibilities:
Monthly client distributions where required
Monitoring/payment of all debt payments
Assist with annual audits
Filing for assigned properties
Special projects as directed by client/controller/accounting manager
PHYSICAL REQUIREMENTS INCLUDE:
Ability to lift and carry up to 25 pounds
Ability to stoop, crouch, bend, kneel, climb, and reach with hands and arms
Ability to climb stairs frequently throughout the workday
Able to sit for extended periods of time
Must be able to hear, talk, and see well enough to communicate with coworkers and clients via telephone, email, or in person
Must have manual dexterity to type, file, and operate common office equipment including phones, fax machines, copiers, computers, and printers
The company has reviewed this job description to ensure that essential functions and basic duties have been included. It is intended to provide guidelines for job expectations and the employee's ability to perform the position described. It is not intended to be construed as an exhaustive list of all functions, responsibilities, skills, and abilities. Additional functions and requirements may be assigned by supervisors as deemed appropriate. This document does not represent a contract of employment, and the Company reserves the right to change this position description and/or assign tasks for the employee to perform, as the Company may deem appropriate.req24-00766