Job Description

The Property Accountant is responsible for the full‑cycle accounting and financial reporting for a portfolio of commercial real‑estate assets. You’ll partner with property managers and asset managers to ensure accurate books, timely reporting, and compliance with internal policies and lender covenants. The candidate will need to demonstrate the ability to work proactively and, in a team setting in a fast-paced office environment

ESSENTIAL JOB FUNCTIONS

General Ledger & Month‑End Close

• Prepares bank reconciliations, sales tax submissions, and other related functions
• Post and review journal entries, accruals, and inter‑company allocations.
• Reconcile all balance‑sheet accounts (cash, AR, AP, security deposits, fixed assets, loan balances).
• Prepare monthly workpapers and variance analysis against budget/forecast.

Financial Reporting

• Produce property‑level income statements, balance sheets, and cash‑flow statements.
• Compile owner, lender, and investor reporting packages— including CAM /operating expense reconciliations and rent rolls.
• Maintain schedules for capital expenditures, tenant improvements, and leasing commissions.

Budgeting & Forecasting

• Assist in annual operating and capital budgets; load approved budgets into accounting system.
• Provide quarterly reforecasts and explain key drivers of NOI, occupancy, and cash movements.

Accounts Payable & Receivable Oversight

• Review AP batches, code invoices to GL accounts, ensure proper approval workflow, and process payments.
• Monitor tenant ledgers, apply cash receipts, issue monthly statements, and follow up on delinquencies.

Lease Administration Support

• Interpret lease clauses to confirm proper billing of base rent, escalations, percentage rent, and recoveries.
• Track critical dates (expirations, options, rent steps) and coordinate with leasing and property management.

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