Property Accountant

Waypoint Real Estate provides commercial brokerage, property management, and investment services in Northern Colorado and Southern Wyoming. We are seeking a detail-oriented Property Accountant to join our accounting team. Reporting to the Accounting Manager, you will manage full-cycle accounting for an assigned portfolio of commercial properties, from monthly financial reporting through tenant billing and owner distributions. This is an early to mid-level career position: we welcome both accountants building a career in commercial real estate accounting and experienced accountants ready to grow their portfolio to apply - we are open to welcome the right future team member and match the role to their experience!

Our purpose extends beyond real estate in our mission to create meaningful impact for our clients, for our team, and for our community.

At Waypoint, our mission is simple yet powerful: to create meaningful impact, for our team, for our clients, and for our community. That mission drives every decision we make and every relationship we build.

Our team members are proactive and people-focused individuals who:

• Thrive in a fast-paced environment and can balance multiple priorities with precision
• Are both detail-driven and big-picture minded—able to anticipate needs, spot opportunities, and take initiative
• Communicate clearly and confidently with owners, tenants, vendors, and team members
• Build trust through integrity, accountability, and follow-through
• Bring positive energy, solutions alongside the problem, and a team-first mindset

• Prepare and analyze monthly financial statements for your assigned portfolio of commercial properties.
• Generate accurate and timely reports on property performance, income statements, and balance sheets.
• Conduct variance analysis and provide insightful commentary on financial results.
• Lease Administration:
• Oversee lease administration processes, ensuring accurate and up-to-date records of lease agreements.
• Calculate and process rent escalations, common area maintenance (CAM) reconciliations, and tenant billings.
• Collaborate with property managers to address tenant financial inquiries and resolve discrepancies.
• Budgeting and Forecasting:
• Assist in the development and maintenance of annual property operating budgets.
• Work with property management team to maintain cash flow forecasts. Anticipate and report any significant forecasted cash transactions such as distributions, contributions, large capital needs, tenant finish, property tax payments, loans, and any other anticipated expenses.
• Monitor actual performance against budgets and provide recommendations for improvement.
• Accounts Payable and Receivable:
• Handle accounts receivable for your assigned portfolio, including tenant billing and rent collection. For accounts payable, respond to vendor and property manager inquiries and process payment of approved invoices; invoice entry and submission are handled upstream of this role.
• Review coded invoices for accuracy and adherence to budgetary constraints, and approve or release payment once vendor bills have been entered into the system.
• Compliance and Regulation:
• Stay informed about accounting standards, industry regulations, and changes in tax laws affecting commercial property management.
• Ensure compliance with GAAP and other relevant accounting principles.
• Support tax return preparation for properties in your portfolio by providing accurate financial information to Waypoint s third-party CPA firm and tracking that returns are completed by the applicable deadline.
• Conduct financial analysis on property investments, assessing profitability and identifying areas for improvement.
• Collaborate with stakeholders to provide financial insights and support strategic decision-making.
• Prepare monthly owner distributions according to budget, cashflow projections, capital needs, and owner direction.

• Minimum 1 to 3 years of accounting experience
• Familiarity with lease agreements and commercial property financials, or a strong willingness to learn
• Proficient in Microsoft Excel
• Excellent analytical and…