What are the responsibilities and job description for the Portfolio Accountant - I position at CBL & Associates Properties, Inc.?
CBL Properties, one of the largest mall REITs in the United States, is in search of a Portfolio Accountant I in our Corporate Office in Chattanooga, TN. We have an opportunity for an Accountant to learn a challenging and exciting industry while putting keen analytical abilities and independent thinking to work. If you are an Accountant interested in broadening your professional experience in a positive, strictly ethical, learning environment, CBL may be the right fit for you. Apply and see why CBL continues to earn Great Place to Work Certification™ year after year!
The Portfolio Accountant is responsible for all property accounting related activities for a given portfolio of shopping center properties, ensuring month end close and monthly reporting packages are completed according to schedule. Additionally, the Portfolio Accountant - I will be directly involved in providing customer support to property management teams and other CBL departments, all within a collaborative work environment.
PRINCIPAL RESPONSIBILITIES:
The potential candidate’s responsibilities will include, but not be limited to, the following:
- Conduct all month end closing activities for a given portfolio of properties
- Prepare and sign-off on financial statements
- Assist property management teams with investigating variances related to both actual and budgeted results
- Assist property management teams with inquiries related to accounting transactions and the appropriate accounting for such transactions
- Prepare and submit required lender reporting for given set of properties
- Prepare and file personal property and sales and use taxes, and other required financial and regulatory reporting
- Process straight line rent calculations
- Review capital expenditures to ensure appropriate accounting treatment
- Process mortgage escrow reimbursement requests with lenders for required capital expenditures and tenant improvements
- Review and complete bank reconciliations
- Assist in maintaining Yardi Voyager property management and accounting system specific to portfolio accounting.
- Assist the Portfolio Controller in portfolio-wide financial and reporting analyses
- May be required to provide coverage for other Portfolio Accountants and AP Analysts during times they are required to be out of the office or are unavailable.
MINIMUM QUALIFICATIONS:
- College graduate with a degree in accounting, or a bachelor’s degree in accounting or a business-related discipline with two years related commercial real estate property accounting or similar experience and/or training; or equivalent combination of education and experience.
- Ability to read, write, interpret and analyze documents such as invoices, contracts, and procedures manuals.
- Excellent communication skills, including ability to speak effectively with various team members both within CBL and externally.
- Good analytical skills to analyze portfolio and property level financial information and reports.
- The ideal candidate will possess the following characteristics: attention to detail, team player, strong communication skills, ability to work under pressure and meet deadlines, goal oriented and a self-starter.
- Proficient in Word and Excel
- Knowledge of Yardi Voyager commercial property management and accounting system or a similar system is a plus.
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
