What are the responsibilities and job description for the Senior Property Accountant - Hybrid Remote position at Searchlogic Recruiting, LLC?
Immediate need for experienced Commercial Property Accountant to join leading multistate Industrial Property Company.
The Property Accountant is responsible for performing the established daily, monthly, and quarterly accounting procedures for an assigned portfolio of properties. Responsibilities include budget to actual income statement review, balance sheet analysis, calculating and posting expense accruals, reconciliations and lease review. The Senior Property Accountant will communicate extensively with both the internal accounting department and the property management team.
Key Responsibilities
- Perform monthly bank reconciliations for property bank accounts
- Perform monthly debt posting and reconciliations of assigned portfolio
- Perform property level budget to actual analyses
- Understand and monitor all aspects of the properties’ balance sheets, including fixed assets, debt, receivables, and payables accounts
- Manage monthly accounts receivable activity by preparing tenant account reconciliations, reviewing billings, and working with lease administrator move‐ins/outs
- Review and understand tenant lease agreements
- Book journal entries and perform GL account reconciliations
- Communicate with property management regarding all aspects of property accounting areas, including property budget preparation, tenant payments, lease review and CAM analysis
- Understand and review straight line rent calculations
- Calculate and post quarterly property expense accruals
- Review aging report and perform bad debt analysis
- Review and approve property related invoices. Ensure proper coding of expenses
- Responsible in maintaining business licenses of assigned portfolio
- Perform acquisitions and sales processes for accounting, such as prorations and closing statement entries
- Work with tenants directly to answer account related questions. Must know how to research account balances and/or overpayments and identify discrepancies
- Assist with forecasting, budgeting, and monthly/quarterly reporting
- Other projects or tasks assigned
Qualifications
- Bachelor’s Degree in Accounting or Finance preferred but will consider experience in lieu of education
- 3 years of accounting experience in the real estate industry required
- Strong proficiency in Microsoft Office Suite, especially Excel, Outlook, and Word
- Must be self‐directed, motivated, and logical in problem solving; well organized with attention to detail; follow through with assignments
- Able to communicate effectively with managers and coworkers
What we offer:
- An opportunity to learn from a team of real estate entrepreneurs and professionals
- Competitive compensation – commensurate with experience
- Annual bonus is discretionary and based upon the profitability of the company and quality of employee’s work/efforts
- Generous PTO
- 401k match up to $2,500 per year and eligible on the first day of the month following 30 days employment
- Various medical, dental, vision, and other voluntary benefits from which to choose beginning the first day of the following month of employment.
- Life Insurance policy with a face value of $20,000.
- Annual bonus is discretionary and based upon the profitability of the company and quality of employee’s work/efforts
- Casual, Professional Environment
- 6 days per month work from home
Salary : $80,000 - $110,000
