Senior Property Accountant

Senior Property Accountant – Cleveland, OH

Overview
Beacon Hill Financial has partnered with a client in Cleveland in their search for a Senior Property Accountant to join their team. This role is responsible for overseeing financial reporting and analysis across multiple properties and entities, focusing on reviewing financials, identifying variances, and providing insights to leadership. This position operates at a more strategic level, acting as a reviewer and advisor rather than performing transactional accounting tasks. The work environment is business casual, laid back, and relatively quiet.

Key Responsibilities

• Perform month-end and year-end close processes, including reviewing and monitoring the accurate recording of journal entries.
• Analyze financial statements across multiple properties and entities, identifying variances, trends, and potential red flags, and communicating underlying drivers.
• Perform account reconciliations and conduct balance sheet and income statement analysis.
• Oversee cash management activities, including establishing bank accounts for new entities and reviewing bank reconciliations.
• Review property and portfolio-level reporting packages prepared by third-party fee managers, ensuring accuracy and completeness.
• Evaluate financial results prior to uploading data into asset management systems and provide accounting guidance to fee managers as needed.
• Partner with Asset Management to track actual results against budgets and reforecasts, particularly related to property-level cash flow.
• Support the preparation of year-end financials for properties, holding companies, and core entities in advance of K-1 issuance.
• Collaborate with Finance, Asset/Property Management, and Development teams to develop and review annual budgets, forecasts, and financial reports.
• Assist with year-end audit processes by preparing documentation and responding to auditor requests.
• Monitor timeliness of key financial obligations, including real estate taxes, mortgage payments, and distributions.
• Support onboarding of new properties, including coordination with project and asset management teams, bank account setup, and review of trial balances.
• Maintain relationships with third-party fee managers to ensure consistent communication and reporting standards.
• Leverage financial systems and tools to improve reporting efficiency and data accessibility.

Qualifications

• Bachelor’s degree in Accounting, Finance, or related field required.
• Experience reviewing financial statements across multiple properties or entities.
• Strong analytical skills with the ability to identify variances, trends, and financial risks, and explain key drivers.
• Experience working in a multi-entity or property-based environment preferred.
• Experience operating in a review/oversight capacity, similar to a Controller-level function.
• Real estate industry experience preferred but not required.