Property Accountant

EDENS is the owner, developer and steward of a nationally leading portfolio of more than 100 open-air retail and mixed-use places in high-growth markets coast to coast. Through thoughtful planning, inspired merchandising and intentional community engagement, EDENS designs our places to achieve 3.5 trips per week and 5 hours of dwell time, reaching over 15 million people daily.

This role will give you the opportunity to expand your skillset in an exciting, specialized industry where you’ll be in control of your assigned properties from an accounting perspective. Under general supervision, you will have responsibility for a portfolio of properties, preparing property level financial statements including income statements, variance analysis, reconciliation and property and tenant level data. 

EDENS is committed to creating and fostering a workplace that is diverse, inclusive and equitable. Our goal is to build and develop an organization that is a collective of diverse and talented people who find ways to Enrich Community using ideas that reflect the best of their unique points of view. We are passionate about our work and are looking to attract and retain individuals who are excited about being part of our community.

Primary responsibilities:

Responsible for the accounting of a portfolio of retail centers (properties and tenants).

• General ledger accounting entries for various functional areas within an assigned region with varying levels of complexity.
• Set up and maintain Excel workbooks for each property/tenant.
• Perform month-end closing procedures (the 1^st 6 business days of the month):
  • Analyze accrued billings vs. actuals and record required journal entries.
  • Reconcile required balance sheet accounts such as real estate tax expense accruals, prepaid insurance and other income & expense accruals.
  • Analyze and support actual to budget variances.
  • Reviewing income statement and balance sheet accounts.
• Review property operating expenses for proper GL coding or assist with GL reclassifications.
• Assist Investment Management and Property Management in maintaining and analyzing biannual reforecast budgets.
• Assist Investment Management and Property Management in maintaining and analyzing yearly budgets.
• Review annual tenant billings and compare to related accruals.
• Direct involvement in property acquisition and disposition processes.
• Reviewing and reconciling the general ledger and sub-ledgers.
• Provide support and communicate with various internal customers outside the accounting department including Property Management, Investment Management, Lease Administration, AR and AP, as well as other members of the accounting team.

Skills and Requirements:

• Bachelor’s Degree with an emphasis in Finance or Accounting (CPA a plus).
• 2-5 years’ experience preferred (Commercial Real Estate experience; knowledge of commercial leases and issues associated with recovery of operating expenses).
• Familiarity with US GAAP and real estate accounting processes.
• Experience with JD Edwards and Argus Enterprise a plus.
• Expertise with Excel (experience with advanced formulas & macros a plus).
• Superior analytical and quantitative skills and attention to detail.
• Great communication skills and confidence to express yourself clearly to cross-functional team members.
• Strong work ethic, team player and ability to manage multiple deadlines/tasks effectively.
• Great organization skills, with the ability to handle multiple projects.

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