Property Accountant

About Bedrock

Bedrock is a full-service real estate firm specializing in innovative city building strategies. Since its founding in 2011, Bedrock and its affiliates have invested and committed more than $7.5 billion to acquire, develop and operate more than 140 properties in Detroit and Cleveland with landmark developments at the Hudson’s Site, Book Tower, City Modern, Tower City Center and the May Company Building.

Bedrock’s projects include new construction, adaptive reuse and a portfolio totaling more than 21 million square feet of office, retail, residential, industrial, hospitality and parking.

For additional information about Bedrock, please visit bedrockdetroit.com, bedrockdetroit.com/careers/, and engage with us on Facebook, Instagram, Twitter and LinkedIn.

Job Summary

As a Property Accountant with our Property Accounting Team here at Bedrock, you will be responsible for the day-to-day accrual based accounting for all assigned commercial and residential properties and related entities. This position is required to interact daily with the VP of Accounting, Controller, Accounting Manager, other members of the accounting department, with members of the asset and property management teams, and with members from the various departments of the Bedrock team as required.

Responsibilities

Complete the monthly financial reporting packages, including the preparation and analysis of the balance sheet and income statement with budget variance narrativesResponsible for the accuracy of the General Ledger and entity recordsReview and create all journal entries and prepare/post complex adjusting and closing journal entries as necessary to be in compliance with GAAPPrepare and update fixed asset amortization and depreciation schedulesKeep and update work papers that substantiate monthly reporting and for the annual financial audit and tax returnsReview and post tenant work orders and utility billingsReview and code all invoices in paperless accounting systemVerify and process monthly mortgage and interest payments to lendersCalculate and process management feesMonitor cash balances to determine the disbursement of funds and necessity for cash fundingPrepare bank and account reconciliationsPrepare schedules as necessary for cash flow projections and financial analysesPrepare the annual budget for all entities related to your portfolioReview lease documentation and ensure that all charges are billed pursuant to the termsCalculate CAM estimates and complete the CAM Reconciliation process for propertiesMonitor and supervise third party financial reporting on parking garagesCreate miscellaneous reports as needed by team leaders, property managers, lenders, accountants/auditors, tenants and vendors

Qualifications

2 year of experience in accounting, real estate accounting preferredBachelor's degree in Business or related preferredStrong analytical skillsStrong computer skills in Excel Effectively communicate, both verbally and in written correspondenceOrganize and complete multiple tasks

Disclaimer

This is an outline of the primary responsibilities of this position. As with everything in life, things change. The tasks and responsibilities can be changed, added to, removed, amended, deleted and modified at any time by the leadership group.

We are proud equal opportunity employers and committed to providing an inclusive environment based on mutual respect for all candidates and team members. Employment decisions, including hiring decisions, are not based on race, color, religion, national origin, sex, physical or mental disability, sexual orientation, gender identity or expression, age, military or veteran status or any other characteristic protected by state or federal law. We also provide reasonable accommodations to qualified individuals with disabilities in accordance with state and federal law.