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Staff Accountant - Commercial Real Estate
Career Insights for Accountant (General)
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Scorecard
Based on California data
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What they do
An Accountant organizes and maintains financial records and prepares financial statements for companies and organizations. Works as a public accountant (prepares financial documents where public disclosure is required by law, such as business balance sheets and tax returns), management accountant (prepares financial information for internal use by a company) or government accountant (maintains records for government agencies).
$82,056 / year median in California
-25% projected decline
Job Description
Job Type:
Permanent Annual Salary:
$60,000 to $70,000Annually BOE Responsibilities:
Prepare comprehensive property financial statements and maintain all schedules necessary to support balance sheet accounts. Perform detailed reconciliations for rent rolls, straight-line rent, aged delinquencies, property taxes, and insurance. Execute journal entries for accruals, pre-payments, straight-line rent (SLR), and depreciation/amortization. Review fixed assets schedules to determine assets to capitalize, retire, or dispose of following tenant move-outs. Conduct common area maintenance (CAM) reconciliations and review lease packages and commission structures. Manage accounts receivable by applying check and ACH payments to tenant accounts and investigating short pays or unapplied cash. Monitor A/R aging and collaborate closely with property managers to resolve delinquencies and billing issues. Prepare billing adjustments, post charges, and apply credits to tenant accounts as required. Review and approve vendor invoices within the AVID system and assist with the preparation of property budgets. Analyze lease packages to ensure financial accuracy and compliance with established real estate accounting standards.Qualifications:
Proven experience in commercial real estate accounting or property management financial operations. Strong proficiency in accrual-based accounting, including experience with SLR and depreciation schedules. Demonstrated ability to perform complex reconciliations, specifically CAM, property tax, and insurance reconciliations. Experience managing high-volume accounts receivable and resolving aged delinquency issues. Familiarity with automated accounts payable and invoice approval software, such as AVID. Ability to interpret commercial lease language and translate it into accurate financial data. Strong analytical skills with the ability to identify and correct billing discrepancies and unapplied cash.Physical Requirements:
Regularly required to sit, stand, and use hands/fingers to operate a computer and keyboard for prolonged periods. Specific vision abilities required for close-up computer work and the analysis of detailed financial reports. Ability to communicate effectively via telephone and electronic correspondence with property managers and vendors. Light to moderate lifting of office files or financial documents may be required occasionally.Pay Transparency:
The anticipated annual salary range for this position is $60,000 to $70,000 annually, based on relevant factors such as experience, skills, education, internal equity, and geographic location. Final compensation will be determined during the interview process by the hiring authority. We are committed to our core values and guiding ethical principles, to conducting business in a non-discriminatory manner, and to operating in strict compliance with applicable federal and state laws pertaining to Equal Employment Opportunity. To learn more about Leapros visit our website at www.leapros.com. #LPPROBenefits
- Dental Insurance