Staff Accountant

Staff Accountant at Monomoy CRE Staff Accountant at Monomoy CRE in NORTH WALTHAM, Massachusetts Posted in about 16 hours ago.

Type:

full-time

Job Description:

Job Title:

Staff Accountant About Monomoy CRE Monomoy

CRE, LLC

is a subsidiary of Great Elm Group and manages a private Industrial REIT, build-to-suit development projects, and third-party construction management services. Monomoy focuses on acquiring and managing high-quality industrial real estate assets across multiple states. We are seeking a highly motivated Staff Accountant to join our Boston-based team. This is an excellent opportunity for a recent graduate or early-career accounting professional (0-2 years of experience) to gain hands-on exposure to real estate and REIT accounting within a growing investment platform. This role will support day-to-day property accounting operations and report directly to a Senior Accountant. Position Summary The Staff Accountant will support accounting and operational functions across Monomoy's industrial property portfolio. This role will be responsible for property-level accounting, cash management, tax and insurance tracking, tenant billing, and vendor coordination. The ideal candidate is detail-oriented, organized, and eager to develop within a real estate investment environment. Essential Duties and Responsibilities Property Accounting and Cash Management

• Assist with day-to-day accounting operations for assigned REIT properties.
• Apply tenant rent payments and ensure accurate posting to tenant ledgers.
• Monitor and manage property-level cash balances and assist in projecting weekly rent collections.
• Prepare monthly bank reconciliations and support close processes. Accounts Receivable and Payable Oversight
• Monitor and track accounts receivable and accounts payable processes, including rent collection, reimbursable billings, accruals, expense payments, and reconciliations.
• Manage vendor setup and maintain accurate vendor records.
• Process vendor payments in a timely and accurate manner.
• Issue Forms 1099 to vendors at year-end. Tenant Billing and Reimbursements
• Coordinate tenant reimbursement invoices for taxes, utilities, insurance premiums, HOA fees, and other billings.
• Prepare, review, and distribute invoices to tenants and follow up to ensure timely payment.
• Assist with tracking and processing tenant improvement reimbursements and maintain portfolio-level trackers. Property Tax, Utilities and Insurance Administration
• Assist with oversight and management of property taxes, utilities, association fees, insurance, and compliance across the portfolio.
• Track real estate tax obligations across multiple jurisdictions, ensuring timely payment and supporting assessment reviews and appeals.
• Maintain utility accounts across properties, including setup, transfers, and ongoing payment tracking.
• Track insurance coverage, including certificates of insurance (COIs), renewals, and compliance with lease and lender requirements.
• Support risk management initiatives and ensure tenant insurance compliance. Systems, Setup and Lease Administration
• Set up new properties and units in Yardi.
• Review and abstract lease terms for internal tracking and system input. Reporting, Operations and Administrative Support
• Support monthly and quarterly close processes and maintain organized supporting documentation.
• Oversee administrative tasks including mail intake, invoice review, internal trackers, expense reports, and data entry projects.
• Identify opportunities to improve workflows and enhance operational efficiency. Qualifications
• Bachelor's degree in Accounting, Finance, or related field required.
• 0-2 years of accounting experience (internship or public accounting experience a plus).
• Strong Excel skills and comfort working with financial systems.
• High attention to detail and strong organizational skills.
• Ability to manage multiple priorities and recurring deadlines across multiple properties.
• Strong communication and follow-up skills.
• Experience with Yardi or other property accounting systems is a plus.