Senior Property Accountant

POSITION SUMMARY: Maintain general ledger, prepare financial statements, prepare year-end work papers for audit and tax return preparation for assigned properties in the portfolio. Assist in budgeting process; prepare bank reconciliations and review tenant reconciliations for CAM, RE Tax, and percentage rents. Review and approve invoice coding and check runs.

• Budgets
• General Ledger Maintenance
• Financial Reporting (Internal & External)
• Partner Distributions/Contributions
• Bank Reconciliations
• Tenant Billings / Charges
• Year End Work Papers/Audits

• Assist in preparation of annual property budgets (including capital) for upcoming year
• Assist property manager with certain line items (income and expenses)
• Review rent assumptions from Leasing
• Review projected CAM & RETax recovery rates and percent rent
• Review budget and respond to inquiries from JV partner and other external owners
• Prepare executive summary based on approved budgets
• Prepare on accrual & cash basis

• Review G/L monthly to verify accuracy of transaction postings
• Prepare journal entries as necessary including recurring
• Update month end workpaper schedules for balance sheet accounts
• Reconcile Cash, AR and AP balances monthly
• Prepare monthly schedules for fees due to management company in accordance with Management / LLC agreement
• Actively collaborate with development accounting team to monitor project budgets, prepare monthly construction draws and track funding timelines
• Interface with corporate accounting, property management, development accounting, accounts receivable, accounts payable and lease administration to resolve issues
• Approve & code AP invoices and review cash balances for weekly check runs
• Prepare monthly cash flow projections
• Prepare monthly financial statements including variance analysis including reforecasting
• Interpret and maintain compliance with complex cash management agreements, lender covenants, and waterfall distribution structures
• Prepare financial package for outside partners in accordance with management/LLC agreement
• Prepare rent roll and occupancy reports monthly
• Participate in monthly meetings to review cash flow projections and financial statements
• Prepare Quarterly P&L and actuals vs. budget analysis
• Respond to Ad Hoc requests from client as needed

• Budget partner calls and distributions per original cashflow projections
• Prepare partner calls and distributions as required
• Maintain schedules of partners’ percentages in accordance with LLC/LP agreements
• Adjust projected distributions & contributions to assure adequate cash balances

• Prepare bank reconciliations for entities assigned
• Resolve / research open reconciling items
• Review tenant reconciliations for CAM and RETaxes
• Review percent rent calculations and prepare accrual estimates
• Review all Tenant charges

• Finalize CAM expenses for annual tenant reconciliation
• Make necessary year-end adjustments to finalize financial statements and tax return
• Prepare appropriate schedules to support year end balances
• Assist in K-1 estimates required at various times during the year
• Prepare year-end audit requirements/schedules
• Coordinate with external auditors, including preparing reconciliation schedules, fielding auditor questions, and ensuring timely resolution of inquiries
• Update fixed asset schedules and depreciation/amortization on GAAP and Tax basis using excel and FAPro software
• Update straight line rent schedules and corresponding journal entries

• Bachelor’s degree in Accounting/Business
• 5 + years’ work experience in related field
• Experience with property management software preferred – MRI, Nexus, Fixed Asset Pro
• Knowledge of commercial real estate, lease documents, lease language & interpretation preferred
• Proficient in the use of Microsoft Excel, Word and Adobe
• Strong verbal and written communications skills
• Well organized, self-motivated, and detail oriented, with excellent interpersonal skills
• Demonstrated ability to take initiative, set priorities, and handle a wide range of tasks simultaneously and handle shifting priorities in a fast-paced environment.
• Must be flexible and willing to take on new assignments.
• Excellent judgment and discretion are required