Property Accountant

  • location: Belmont, CA
  • type: Permanent
  • salary: $70,000 - $80,000 per year
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job description

Property Accountant

job summary:
PRIMARY RESPONSIBILITIES:

- Manage and maintain the books for multiple commercial properties for a growing real estate investment

- Reconcile intercompany accounts with Corporate for payables and equity accounts with ownership.

- Ensure the sub-ledgers reconcile to the general ledger monthly

- Manage the month-end close process for assigned properties. Prepare accruals and reconcile balance sheet accounts including monthly bank reconciliations

- Produce monthly/quarterly financial statements and work with property managers to prepare property management reports and variance analysis

- Prepare quarterly, or as needed cash flow reports for property

- Work with Senior Property Accountant on issues related to Tax & Insurance, Loan Administration, and Construction Draws

- Acquisitions & Dispositions: Work with Corporate Controller to prepare proration schedules during sale, post-closing entries and write-off of assets

- Work closely with property managers to prepare property budgets and quarterly reforecasts

- Work with property managers to prepare CAM reconciliations and estimates.

- Review and input lease abstracts prepared by property managers

- Perform and manage day-to-day accounting for assigned properties. Review posted daily cash receipts. Review invoices for proper coding. Reconcile cash accounts on a weekly basis. Review and ensure property expenses are properly recorded in a timely manner

- Monitor tenant AR account details for non-payments, delayed payments and other irregularities, and assist Property Manager in identifying collection issues. Assist property managers in researching tenant issues.

- Prepare requests for disposition of security deposits for tenants who have moved out within the required time frame and copies are filed properly.

- Work with Corporate controller on audits & tax requests

- Assists in ensuring compliance with municipal, state and federal regulations, including tax compliance. This includes but is not limited to preparing business property tax returns (571-L) business license applications, and year-end forms

- Provide ad hoc analysis and reports as needed

Qualifications:

- Bachelor's degree in Accounting preferred

- 3+ years of general ledger accounting, real estate property management accounting preferred

- Understanding of real estate tax issues, a plus.

- Experience with preparation of CAM reconciliations for commercial real estate projects.

- Experience with financial statement variance analysis with narratives

- CPA preferred, not required.

The following skills are required:

- Excellent analytical, organizational and people skills

- Excellent verbal and written communication skills

- Experience with MRI accounting software preferred

- Proficiency with Excel and MS Word

- Must be hands-on, detail oriented and possess the ability to look beyond the box

- Ability to work independently and proactive planning are needed to succeed in this position.

 
location: Belmont, California
job type: Permanent
salary: $70,000 - 80,000 per year
work hours: 9 to 5
education: Bachelor's degree
experience: 3 Years
 
responsibilities:
PRIMARY RESPONSIBILITIES:

- Manage and maintain the books for multiple commercial properties for a growing real estate investment

- Reconcile intercompany accounts with Corporate for payables and equity accounts with ownership.

- Ensure the sub-ledgers reconcile to the general ledger monthly

- Manage the month-end close process for assigned properties. Prepare accruals and reconcile balance sheet accounts including monthly bank reconciliations

- Produce monthly/quarterly financial statements and work with property managers to prepare property management reports and variance analysis

- Prepare quarterly, or as needed cash flow reports for property

- Work with Senior Property Accountant on issues related to Tax & Insurance, Loan Administration, and Construction Draws

- Acquisitions & Dispositions: Work with Corporate Controller to prepare proration schedules during sale, post-closing entries and write-off of assets

- Work closely with property managers to prepare property budgets and quarterly reforecasts

- Work with property managers to prepare CAM reconciliations and estimates.

- Review and input lease abstracts prepared by property managers

- Perform and manage day-to-day accounting for assigned properties. Review posted daily cash receipts. Review invoices for proper coding. Reconcile cash accounts on a weekly basis. Review and ensure property expenses are properly recorded in a timely manner

- Monitor tenant AR account details for non-payments, delayed payments and other irregularities, and assist Property Manager in identifying collection issues. Assist property managers in researching tenant issues.

- Prepare requests for disposition of security deposits for tenants who have moved out within the required time frame and copies are filed properly.

- Work with Corporate controller on audits & tax requests

- Assists in ensuring compliance with municipal, state and federal regulations, including tax compliance. This includes but is not limited to preparing business property tax returns (571-L) business license applications, and year-end forms

- Provide ad hoc analysis and reports as needed

Qualifications:

- Bachelor's degree in Accounting preferred

- 3+ years of general ledger accounting, real estate property management accounting preferred

- Understanding of real estate tax issues, a plus.

- Experience with preparation of CAM reconciliations for commercial real estate projects.

- Experience with financial statement variance analysis with narratives

- CPA preferred, not required.

The following skills are required:

- Excellent analytical, organizational and people skills

- Excellent verbal and written communication skills

- Experience with MRI accounting software preferred

- Proficiency with Excel and MS Word

- Must be hands-on, detail oriented and possess the ability to look beyond the box

- Ability to work independently and proactive planning are needed to succeed in this position

 
qualifications:
Qualifications:

- Bachelor's degree in Accounting preferred

- 3+ years of general ledger accounting, real estate property management accounting preferred

- Understanding of real estate tax issues, a plus.

- Experience with preparation of CAM reconciliations for commercial real estate projects.

- Experience with financial statement variance analysis with narratives

- CPA preferred, not required.

The following skills are required:

- Excellent analytical, organizational and people skills

- Excellent verbal and written communication skills

- Experience with MRI accounting software preferred

- Proficiency with Excel and MS Word

- Must be hands-on, detail oriented and possess the ability to look beyond the box

- Ability to work independently and proactive planning are needed to succeed in this position

If interested in the opportunity, please contact angela.szeto@randstadusa.com

 
skills: Account Reconciliation, Investments, AP, Investment Management, A/R Review, Commercial Real Estate Lending, Investment Accounting
Equal Opportunity Employer: Race, Color, Religion, Sex, Sexual Orientation, Gender Identity, National Origin, Age, Genetic Information, Disability, Protected Veteran Status, or any other legally protected group status.

Qualified applicants in San Francisco with criminal histories will be considered for employment in accordance with the San Francisco Fair Chance Ordinance.

We will consider for employment all qualified Applicants, including those with criminal histories, in a manner consistent with the requirements of applicable state and local laws, including the City of Los Angeles' Fair Chance Initiative for Hiring Ordinance.

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