Property Accountant

ACX is a vertically integrated private real estate investment firm with primary offices in Stamford, Connecticut and Denver, Colorado. The firm focuses on grocery-anchored and necessity retail shopping centers in the Top 25 MSAs across the United States. ACX’s growing nationwide portfolio includes 26 properties totaling approximately 4 million square feet, approaching $1 billion in assets under management. The firm is actively investing in value-add and core-plus transactions on behalf of its institutional investors.

ACX is looking to fill the full-time Property Accountant role in our Stamford, CT headquarters. This position handles the accounting and financial reporting for an assigned portfolio of properties. The Property Accountant will collaborate closely with other members of the Accounting team as well as Property Management, and reports directly to the Director-Accounting and Financial Reporting.

• Preparation of the monthly, quarterly, annual budgets, and year end closings, including supporting schedules, financial review, variance analysis, and the prompt resolution of issues. Cash flow monitoring and management are important responsibilities for this role.
• Preparation of financial statements in accordance with the Historical and Fair Value GAAP and Tax basis of accounting.
• Contribute to the reporting to management, investors, and lenders.
• Work closely with independent CPA Firm(s) for annual year-end audits.
• Review and approval of certain property expenses such as real estate taxes, insurance, and capital costs.
• Ability to understand retail tenant leases, including specific clauses related to billing tenants for CAM, TAX, and other reimbursable expenditures. Prepare and defend annual reconciliations to tenants.
• Sales tax filings (as applicable).
• Oversight of the lease administration, accounts receivable and accounts payable functions, to ensure compliance with the Company’s policies and procedures.
• Ad hoc reporting as needed.

• Bachelor’s Degree in Accounting from an accredited university.
• A minimum of 3 years of accounting experience in the commercial real estate industry. Public Accounting and Retail-specific experience is a plus.
• Solid understanding of Financial Statements and of GAAP, Fair Value and Tax basis of accounting.
• Experience with real estate industry software (Yardi, MRI).
• Strong attention to detail and ability to manage competing priorities and deadlines.
• Excellent organizational, analytical, problem-solving, interpersonal, verbal, and written communication skills.
• High proficiency with Microsoft Excel, Word, and related software.
• Ability to adapt quickly to modern technology, including A.I. & automation, and work with others in implementation of new assignments.