Senior Property Accountant

Tysons Corner
Feb 03, 2019
Mar 10, 2019
Full Time

Job title: Senior Property Accountant

Reporting to: Controller, Property Accounting

Salary: Commensurate with Experience

Location: Tysons Corner, Virginia

Purpose of the position

One of the Washington metropolitan area’s largest commercial real estate companies is seeking a Senior Property Accountant with real estate experience. Reporting to the Controller-Property Accounting, this employee will be responsible for the daily accounting activities of several commercial and retail properties. This person will assume full accounting responsibility for the assigned properties.

Key responsibilities & duties

1. Records all regular recurring entries, accrual entries, reversing entries and JV partner required entries

2. Prepares work papers that support and provide needed detail for all balance sheet accounts as well as for income statement accounts as necessary

3. Reconciles intercompany balances on a monthly basis between related properties and corporate entities

4. Conducts monthly bank reconciliations for all assigned properties

5. Generate and reconcile monthly utility invoices

6. Performs monthly close activities, making necessary adjustments and corrections to create reporting packages and distribute as required upon approval by Assistant Controller

7. Verifies new security deposit activity for move-ins and move-outs

8. Tracks vendor deposits fro assigned properties

9. Actively participate in soft close and final close meetings with other accounting team members and property managers to identify accrual entries and support variance analysis descriptions

10. Prepares additional monthly, quarterly and miscellaneous reports as may be required by lenders , banks, management or other third parties

11. Prepares loan/escrow draws as needed for assigned properties in accordance with loan parameters

12. Prepares interim and year end audit/tax schedules for assigned properties including fixed assets and related depreciation/amortization

13. Maintains mortgage interest schedules, real estate tax, insurance and other reimbursement schedules as necessary to support the financial statements

14. Assists with special analyses/due diligence as required for company transactions

15. Coordinates with outside parties, the exchange of pertinent information

16. Assist in budgeting process for assigned properties

17. Assist auditors with year-end information and schedules

18. Abstract new lease and lease amendments and set up and maintain new leases in computer system to include base rent, recoveries, etc.

19. Other duties and special projects as assigned

20. Conduct and/or assist with the review of year end expense reconciliations (CAM, Real Estate Taxes, etc), including gross-up calculations and preparation of CAM narratives

Personal qualifications

The ideal candidate will possess a strong technical knowledge of, and experience in, real estate commercial and retail real estate. This person will bring with him/her a can do, hands on, whatever-it-takes to get the job done attitude. The candidate will take ownership of any and all tasks assigned to him/her in order to achieve the goals of the accounting/finance team and the company as a whole. Ability to work alone and as a key member of a team is critical to the success of this position.

Academic & trades qualifications

Undergraduate Degree in Accounting/Finance/Tax

CPA a plus

3-5 years’ experience in a tax department or public accounting firm

Must have experience with real estate accounting or similar

Experience with Jenark, Yardi, and the Microsoft office suite is a plus

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