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Job Title: Property Accountant
Position Summary
The Property Accountant will oversee the financial reporting and performance of a portfolio of real estate assets and related entities. This role operates in a reviewer/advisory capacity, partnering closely with Asset Management, Property Management, and leadership to analyze financial results, identify variances, and provide insight into performance drivers. The position is focused on oversight, analysis, and guidance rather than transactional accounting.
Key Responsibilities
Financial Reporting & Analysis
- Oversee monthly and year-end close processes, including review of journal entries and financial reporting across multiple entities and properties
- Maintain a strong command of debits and credits to confidently review and validate financial activity without direct involvement in day-to-day posting
- Analyze balance sheet and income statement activity, identifying variances, trends, and potential risks
- Review financial results prepared by third-party property/fee managers prior to system upload
- Monitor actual performance against budget and reforecasts, providing insight into key drivers
Investment & Entity Accounting
- Record and review financial results of underlying investments using the equity method of accounting
- Reconcile equity and investment accounts across properties, holding companies, funds, and related entities
- Support accurate financial reporting across multi-entity structures
Cash Management & Reconciliations
- Establish bank accounts for newly formed entities
- Review bank reconciliations and oversee cash management processes
- Monitor timeliness and accuracy of real estate tax payments, mortgages, and other financial obligations
Budgeting & Forecasting
- Partner with Asset Management and Property Management teams to develop annual budgets and periodic reforecasts
- Support preparation and review of property- and portfolio-level reporting packages
Audit & Year-End Support
- Lead preparation of year-end financials across entities in advance of investor reporting (K-1 issuance)
- Coordinate with external auditors and provide required documentation
Asset Onboarding & Process Oversight
- Participate in onboarding of new properties, including review of trial balances and alignment with acquisition closing statements
- Provide accounting guidance to third-party managers to ensure consistency and accuracy
- Maintain strong relationships with internal teams and external fee managers
Systems & Process Improvement
- Leverage financial systems and reporting tools to improve efficiency and reporting accuracy
- Support process improvements and integration across financial platforms
Qualifications
Required Experience
- Experience reviewing financials across multiple properties, entities, or business units
- Strong ability to identify variances, trends, and potential financial risks and speak to underlying drivers
- Experience operating in a review/oversight capacity and partnering with leadership to explain financial performance
- Background in multi-entity accounting environments
Preferred Experience
- Real estate or property accounting experience is a plus
- Experience working with third-party property managers or fee managers
Technical Skills
- Experience with real estate accounting systems such as RealPage, Yardi, MRI, JD Edwards, or Microsoft GP is preferred
- Strong proficiency in financial reporting and analysis tools
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