Property Accountant

The Property Accountant is responsible for the day-to-day accounting functions for an assigned portfolio of commercial real estate properties. This role prepares financial statements, reconciles accounts, and supports the accurate recording and reporting of property-level financial activity in accordance with GAAP and client requirements.

Essential Duties and Responsibilities

Perform full-cycle monthly accounting close for an assigned portfolio of commercial real estate properties, including journal entries, account reconciliations, and bank reconciliations.

Prepare monthly financial statements and variance analysis reports for assigned properties.

Record and reconcile accounts payable, accounts receivable, and rent receipts in the property management system.

Prepare CAM reconciliations in accordance with lease terms and property management agreements.

Ensure accurate transaction recording and GAAP-compliant revenue recognition at the property level.

Assist in the preparation of annual property budgets and reforecasts.

Coordinate with property managers to obtain necessary documentation and resolve financial discrepancies.

Support year-end audit preparation by preparing workpapers and audit schedules.

Assist with new property onboarding and setup in the accounting system.

Perform other duties and responsibilities as assigned.

Qualifications

Bachelor's degree in Accounting or Finance required.

2-4 years of property accounting or general accounting experience; commercial real estate experience preferred.

Working knowledge of GAAP and basic real estate accounting concepts.

Proficiency in Yardi, MRI, or similar property management accounting software preferred; strong Excel skills.

Strong attention to detail, organizational skills, and ability to manage multiple deadlines.

Collaborative team player with strong communication skills.

Applicants must be currently authorized to work in the United States without the need for visa sponsorship now or in the future.

Physical Requirements

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed above are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

This role involves standard office work with the ability to use a computer for extended periods. Occasional travel to properties, market offices, or corporate meetings may be required.