Sr. Commercial Property Accountant

Larken Associates is a leading privately owned real estate investment and development company, with 60 years as a leader in the industry.

We are looking for a Sr. Commercial Property Accountant. Reporting to the Corporate Controller, the position will oversee the accounting, financial reporting, and analysis of an assigned portfolio of commercial real estate properties, ensuring accurate financial records, compliance with accounting standards, effective lease and revenue accounting, and actionable financial insights to support property performance and business objectives.

• Own the full-cycle accounting and financial reporting process for an assigned portfolio of commercial properties.
• Prepare and review monthly journal entries, accruals, account reconciliations, and general ledger activity.
• Manage and coordinate the monthly, quarterly, and annual property accounting close process.
• Prepare monthly property financial statements and management reporting packages.
• Analyze balance sheet accounts and investigate unusual or unexplained activity.
• Ensure property financial statements are accurate, complete, and prepared in accordance with company policies and applicable accounting principles.
• Review accounting activity for completeness, accuracy, and appropriate classification.
• Identify accounting issues and recommend corrective actions to the Controller and appropriate operational teams.

• Review tenant ledgers, rent charges, payments, accounts receivable, and outstanding balances.
• Review lease abstracts and agreements to ensure rent, escalations, reimbursements, and other tenant charges are accurately reflected in Yardi.
• Maintain and review lease-related information in Yardi, including move-ins, move-outs, renewals, amendments, modifications, and terminations.
• Verify tenant billings against lease provisions and investigate discrepancies.
• Coordinate with Leasing and Asset Management regarding lease changes and their accounting impact.
• Respond to and resolve complex tenant billing questions and disputes.
• Monitor tenant receivables and assist with collection-related accounting matters.

• Prepare and/or review annual CAM, operating expenses, and real estate tax reconciliations.
• Prepare and review tenant estimates for CAM, real estate taxes, utilities, and other recoverable expenses.
• Analyze property operating expenses and tenant recoveries to identify discrepancies and potential billing issues.
• Review utility accounts and tenant utility billbacks.
• Partner with Property Management and Asset Management to resolve issues related to recoverable expenses.
• Communicate reconciliation results and supporting documentation to tenants when necessary.
• Review vendor invoices for proper coding, approval, and allocation to properties.
• Review vendor statements and investigate discrepancies.
• Oversee and/or review weekly vendor payment activity for assigned properties.
• Ensure expenses are recorded in the appropriate accounting period and property.
• Monitor recurring expenses and identify unusual or inconsistent vendor charges.
• Work with Property Management and vendors to resolve accounting and payment issues.

• Assist with preparation and review of annual property operating budgets.
• Prepare budget-to-actual variance analysis and identify significant trends and deviations.
• Provide explanations and supporting analysis for material variances.
• Assist Asset Management and Property Management with financial analysis related to property operations.
• Support forecasting activities and provide financial information used in property-level decision-making.
• Identify opportunities to improve…