Senior Property Accountant

WORK SITE STATUS: Hybrid (2-3 days/week in the office).

PAY RANGE: Salary range of $100,000/year to $120,000/year plus eligibility to receive a discretionary bonus up to 10%.

Our client, a commercial real estate company, seeks an experienced Senior Property Accountant to support the accounting department. This role is responsible for the full-cycle accounting for an assigned portfolio of commercial properties, including the accurate and timely preparation of property-level financial statements in accordance with US GAAP and company policy. The Senior Property Accountant prepares and analyzes monthly and quarterly closing actuals, leads CAM and lease-related accounting, supports the budget and reforecast process in collaboration with property management and asset management, and serves as the primary point of contact for client and property-level accounting questions.

• Perform the full month-end close for an assigned portfolio, including journal entries, bank reconciliations, GL account reconciliations, and monthly accrual entries.
• Prepare and analyze the monthly financial reporting package for each property, including balance sheet, income statement, supporting schedules, and variance analysis comparing actuals to budget.
• Maintain property-specific general ledgers, ensuring all transactions are accurately recorded, classified, and reconciled.
• Ensure all activity for the period, including expenses, receipts, owner distributions, and funding requests, is accurately and completely posted before close.
• Calculate owner distributions and/or funding requests as required.
• Maintain the overall integrity of financial records for the assigned portfolio.

• Create batches for tenant receipts, post tenant billing adjustments, and apply prepayments to open charges.
• Review and approve vendor invoices; monitor payables to ensure timely, accurate processing.
• Monitor and maintain property cash balances daily, flagging shortfalls or irregularities proactively.

Set up and terminate leases in Yardi, including rent schedules and tenant recovery pools/profiles.

• Prepare annual and quarterly CAM reconciliations and estimates in accordance with lease terms.
• Review lease agreements and abstracts to ensure billing, recoveries, and commission calculations are correctly reflected in the accounting system.

• Participate in the annual budget process and quarterly reforecasts for the assigned portfolio, in close collaboration with property management and asset management.
• Prepare monthly income statement analyses comparing actuals to budget and explain material variances.
• Support capital planning and reforecast cycles within the property management system.
• Respond promptly and accurately to requests from property managers, asset managers, and clients on property accounting questions or issues.
• Support the annual financial statement audit and tax return preparation with accurate, well-documented work papers.
• Continuously evaluate property accounting processes for efficiency and accuracy; identify opportunities to streamline workflows.
• Take on additional responsibilities and special projects as needed.

• Bachelor's degree in Accounting or Finance.
• Minimum of at least four (4) years of commercial property accounting experience, with meaningful exposure to retail assets;
• Experience overseeing a portfolio of multiple properties.

• CPA certification.
• Experience coming directly from public accounting.
• Office or mixed-use experience.

• Advanced Microsoft Excel skills (SUMIFS, INDEX/MATCH, Pivot Tables); proficiency across the Microsoft Office suite.
• Experience with Yardi Voyager or MRI.

• Self-directed, organized, and detail-oriented, with sound judgment on when to resolve an issue independently versus escalation.
• Demonstrated ability to work both independently and effectively within a team environment.
• Strong written and verbal communication skills; comfortable communicating directly with clients and property-level stakeholders.