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KI
KCM, Inc.
Commercial Real Estate Property Accountant
Career Insights for Real Estate / Property Accountant
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Scorecard
Based on California data
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What they do
A Real Estate or Property Accountant prepares financial records and reports for real estate transactions and provides accounting for commercial or residential properties. Maintains accounts and tracks expenses related to property management. May work for a commercial real estate firm, real estate developer or investor, or property owner.
$79,374 / year median in California
-0% projected decline
Job Description
Job Overview We are seeking a dynamic and detail-oriented Commercial Real Estate Property Accountant to join our team. In this vital role, you will be responsible for the financial operations of our property portfolio, ensuring accurate financial reporting, compliance with regulatory standards, and maintaining the integrity of our financial data. Your expertise will help drive strategic decision-making and support the growth of our real estate assets. This position offers an exciting opportunity to work within a fast-paced environment where your accounting skills directly impact our success. Responsibilities Prepare, analyze and send Owner financial statements, including balance sheets, income statements, and cash flow reports specific to real estate properties. Reconcile general ledger accounts and perform detailed account analysis to ensure accuracy and completeness. Manage and preform accounts receivable tasks and oversee payable processes, including rent collections, vendor payments, and expense allocations. Conduct bank reconciliations and oversee cash flow analysis to maintain optimal liquidity levels. Ensure compliance with GAAP (Generally Accepted Accounting Principles), SOX (Sarbanes-Oxley Act), and other regulatory requirements relevant to real estate accounting. Assist with budgeting, forecasting, and financial modeling for property portfolios to support strategic planning initiatives. Assist in CAM Reconciliations including but not limited to building CAM excel sheets, understanding critical components of CAM and CAM caps. Utilize and knowledge of Yardi financial software Oversee accounts payable specialist by sharing best practices in accounting procedures and fostering professional development. Report to Account Manager and Owner. Skills Extensive experience with accounting software including - Yardi. Strong understanding of GAAP, regulatory compliance accounting standards, and securities law as they pertain to real estate assets. Proficiency in Microsoft Office Suite—particularly Excel—for data analysis using functions like VLOOKUP, pivot tables, spreadsheets management, and Excel data analysis techniques. Demonstrated expertise in financial reporting, journal entries, balance sheet reconciliation, account reconciliation, and general ledger accounting. Ability to interpret complex financial concepts related to corporate finance and real estate investments. Skilled in accrual accounting practices with a focus on double-entry bookkeeping and technical accounting standards. Strong analytical skills for financial statement interpretation, forecasting, cash flow analysis, and account analysis. Excellent organizational skills with attention to detail; capable of managing multiple priorities efficiently while maintaining accuracy in all work outputs. Proven ability to mentor colleagues within a collaborative team environment. Join us if you're passionate about leveraging your accounting expertise within the commercial real estate sector! We value energetic professionals eager to contribute their skills toward building a thriving property portfolio while advancing their careers in a supportive environment that fosters growth and innovation.