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Position Summary:
The Property Accountant is responsible for the full-cycle accounting of a portfolio of commercial or residential properties. This role ensures the accuracy of financial reporting, prepares monthly and quarterly statements, manages tenant billing, and performs annual CAM reconciliations. The Property Accountant works closely with property managers, leasing agents, and ownership to provide clear financial insight into property performance.
Key Responsibilities:
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Maintain the general ledger and ensure all property-related transactions are recorded accurately and timely.
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Prepare monthly, quarterly, and annual financial statements for assigned properties.
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Perform detailed CAM reconciliations, ensuring proper allocation to tenants per lease terms.
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Review and approve tenant billing adjustments, rent escalations, and percentage rent calculations.
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Process and review accounts payable and accounts receivable activity, ensuring proper coding and expense allocation.
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Reconcile bank accounts, security deposits, and balance sheet accounts monthly.
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Prepare and post journal entries, accruals, and adjustments as needed.
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Assist property managers with budget preparation, forecasts, and variance analysis.
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Review lease abstracts to ensure compliance with lease terms for billing and expense recovery.
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Support year-end audit requests and respond to inquiries from auditors and ownership.
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Monitor cash flow and prepare funding requests or owner distributions.
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Maintain organized accounting records and support continuous process improvements.
Qualifications:
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Bachelor’s degree in Accounting, Finance, or related field required.
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2-5 years of experience in real estate or property accounting preferred.
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Strong understanding of CAM reconciliations, lease structures, and tenant recoveries.
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Proficiency with property management/accounting software (e.g., Yardi, MRI, RealPage, or similar).
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Advanced Excel skills and strong analytical ability.
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Excellent communication, organizational, and time management skills.
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Detail-oriented with the ability to handle multiple properties and deadlines simultaneously.
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