Accounting Manager, Property Accounting

Accounting Manager, Property Accounting

The Accounting Manager, Property Accounting is responsible for the day-to-day management of the property accounting function across the company's real estate portfolio. Reporting to the Controller, Property Accounting, this role serves as a frontline leader for the property accounting team — providing hands-on oversight of the monthly close process, journal entry review, and balance sheet reconciliations while cultivating a high-performing and well-trained staff.

In addition to core accounting responsibilities, this position plays a key role in the annual budget process, CAM reconciliations, and lease administration for the portfolio. The Accounting Manager works collaboratively with property managers, and the accounts payable, accounts receivable, and treasury teams to ensure financial accuracy, operational alignment, and timely reporting across all assets.

• Manage the day-to-day accounting operations for an assigned portfolio of commercial and/or residential properties, ensuring accuracy and completeness of financial records.
• Review and approve journal entries prepared by property accountants, ensuring proper support and coding.
• Oversee the preparation and review of monthly balance sheet reconciliations, including bank accounts, prepaid expenses, security deposits, and deferred revenue.
• Monitor and maintain the integrity of property-level general ledgers, investigating and resolving variances in a timely manner.
• Ensure consistent application of accounting policies and procedures across all properties in the portfolio.

• Lead and manage the monthly close process for the property accounting team, ensuring all deadlines are met and financial statements are produced accurately and on time.
• Maintain and distribute a close calendar with clearly defined responsibilities, deadlines, and checkpoints for all team members.
• Review monthly property financial statements, including income statements, balance sheets, and variance analyses, prior to submission to the Controller.
• Identify and resolve close-related issues proactively, escalating material items to the Controller as appropriate.
• Continuously evaluate close workflows and implement improvements to enhance efficiency and reduce cycle time.

• Supervise, mentor, and develop a team of property accountants, fostering a culture of accountability, accuracy, and continuous improvement.
• Provide ongoing training on accounting policies, procedures, and software systems to ensure team competency and consistency.
• Conduct regular one-on-one meetings, performance check-ins, and annual reviews for direct reports.
• Manage workload distribution across the team, ensuring appropriate coverage and capacity as the portfolio grows.
• Identify development opportunities for team members and support career progression within the accounting function.

• Serve as the primary accounting liaison to property managers, building productive working relationships that support financial accuracy and operational efficiency.
• Partner with property managers on lease interpretation, rent billing setup, tenant ledger inquiries, and recovery reconciliations.
• Review and communicate property-level financial results with property managers on a monthly basis, addressing questions and ensuring alignment between accounting and operations.
• Coordinate on property transitions, acquisitions, and dispositions to ensure timely and accurate onboarding or offboarding of financial records.

• Coordinate with the accounts payable team to ensure proper coding of property-level invoices, timely payment processing, and vendor account accuracy.
• Partner with accounts receivable on tenant billing, cash receipts application, and delinquency resolution across the portfolio.
• Work with treasury to ensure accurate cash reconciliations, operating account balances, and security deposit account management.
• Serve as a point of escalation for cross-functional issues that impact property-level accounting accuracy.

• Serve as a key contributor…