Senior Property Accountant
- Employer
- ATLANTIC REALTY COMPANIES
- Location
- Tysons Corner
- Closing date
- Mar 10, 2019
View more
- Industry
- Real Estate / Property Management
- Function
- Accountant
- Hours
- 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
Send Resumes to hr@arcrealty.com
Get job alerts
Create a job alert and receive personalized job recommendations straight to your inbox.
Create alert