Accounting Associate

Good Faith Pay Range:
In accordance with Virginia law, the good-faith pay range for this position is $45,000-$55,000 per year. Actual compensation will be determined based on the candidate's qualifications, education, experience, skills, and other legitimate business factors.

The Accounting Associate supports accounting operations for multiple affiliated entities through a centralized shared services accounting function. The position performs a combination of accounts payable, account reconciliations, property and lease accounting, and general accounting responsibilities.

The Accounting Associate is responsible for accurate and timely processing of transactions, maintaining appropriate supporting documentation, assisting with monthly close activities, and researching and resolving discrepancies across assigned entities.

The position also supports accounting for owned and leased properties, including vendor payments, property-level accounting, lease administration, rent payments, and review and reconciliation of common area maintenance (CAM), operating expenses, landlord billings and other property-related charges.

This position provides an opportunity to develop broader accounting responsibilities and progress into a Staff Accountant role as experience and proficiency increase.

• Review and process vendor invoices, check requests, purchase order invoices and other accounts payable transactions for multiple affiliated entities, ensuring appropriate entity, general ledger coding, documentation and approval prior to payment.
• Maintain appropriate separation and accuracy of transactions among affiliated entities.
• Review vendor statements and account activity; research and resolve discrepancies, duplicate invoices, credits and outstanding items.
• Respond to vendor inquiries and work with employees across the organization to resolve invoice and payment issues.
• Assist with preparation and processing of scheduled vendor payments.
• Perform assigned general ledger, vendor, bank and other account reconciliations for multiple entities; identify discrepancies and research and resolve reconciling items.
• Assist with monthly and year-end close activities, including preparation of assigned journal entries, reconciliations, schedules and supporting documentation.
• Assist with prepaid expense, accrual, fixed asset, intercompany and other accounting schedules as assigned.
• Assist with intercompany transactions and reconciliations among affiliated entities.
• Maintain accounting records and supporting documentation in accordance with established accounting policies and procedures.

• Support accounting activities for owned and leased properties across affiliated entities.
• Process property-level accounts payable and ensure expenses are recorded to the appropriate entity, property and general ledger account.
• Maintain accurate records of lease obligations, rent schedules, payment requirements, escalation provisions and other financial terms.
• Ensure base rent, additional rent and other recurring lease payments are processed accurately and timely in accordance with lease terms.
• Review landlord invoices and statements for accuracy and reconcile amounts to applicable lease terms.
• Review and reconcile common area maintenance (CAM), operating expenses, real estate taxes, insurance and other landlord billings and annual reconciliations.
• Research discrepancies between landlord billings and lease terms and work directly with landlords and property managers to resolve questions and discrepancies.
• Review tenant and landlord bill-backs, credits and other property-related charges to ensure amounts are properly supported, allocated and accounted for.
• Assist with accounting and…