Property Accountant
📋 Role Overview & Responsibilities
Description:Responsible for providing timely and accurate reporting of the financial operations of assigned properties. This includes financial reporting, budgeting, forecasting and cash management
Responsibilities:General Accountingfor the general ledgers for assigned properties, including monthly journal entries, income and expense accruals, expense recovery true-ups review, GAAP adjustments and bank reconciliations.of accounts payable (AP), accounts receivable (AR), cash receipts and lease administration functions of commercial real estate and how they drive the financial results of assigned project.
Financial Reportingmonthly and quarterly reporting packages on the assigned portfolio of properties. The packages include analyses and support schedules of all balance sheet account and explanations of significant variances in income statement accounts.annual expense reconciliation schedules and billings to tenants.
Auditdetailed interim and year-end working papers and support schedules requested by internal and external auditors. Work with the external auditors and prepare the draft annual financial statements and notes. with audits in terms of research, analysis, documentation and response.
Forecasts, Budgets and Financial Analysesfor the annual property budget and quarterly forecast review. This includes review of of the lease and expense data in the prescribed software to generate revenue, expense and capital budget/forecasts, and preparation of property GAAP adjustments.in preparation of the budget/forecast packages including detailed analysis of the revenue, expense and capital components.monthly cash forecastManagers and Controllers with ad hoc requests.special projects, as assigned.
Service/Personal Skills:presentation and interpersonal skillsanalytical abilityself-starter, able to handle multiple priorities
Experience:years of public accounting and/or commercial real estate accounting experience preferredof GAAP (specifically, real estate)of property management in relation to financial accounting, recoveries, budgeting and forecasting
Education:Bachelor`s degree in Accounting preferred; CPA a plus, but not required
Technical Skills:in MRI, Yardi, Skyline, JD Edwards, CTI systems desiredin PC-based software such as Microsoft Excel
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This position is located in Arlington, VA with potential relocation and sponsorship assistance depending on candidate qualifications.
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