Property Accountant

Property Accountant Confidential Vienna, VA Job Details Full-time $75,000 - $90,000 a year 6 days ago Benefits Disability insurance Health insurance Dental insurance 401(k) Paid time off Vision insurance 401(k) matching Life insurance Qualifications VLOOKUP function Accounting systems Financial close processing Microsoft Excel Financial data reconciliation Property management tools CPA Variance analysis Account analysis Financial reporting Expense management Yardi Financial management report preparation Mid-level 3 years Managing budgets in a finance role Lease or rental agreement management Bachelor's degree GAAP Lease abstracting Portfolio management Financial audit support Ad-hoc reporting Profit and loss analysis Accounting Accounting experience within real estate Fixed asset management Financial reporting experience (3-5 years) Excel data analysis Full Job Description Property Accountant Responsibilities The Portfolio Accountant is responsible for managing the entire accounting cycle for their assigned portfolio, including monthly financial reporting (balance sheets, income statements, cash flows, etc..), CAM reconciliations, budgeting and bank reconciliations. They ensure compliance with the client's reporting basis, maintain the general ledger, handle fixed assets, accruals and lease abstracting.

Specific Responsibilities Include:

Manage the general ledger, including preparation of journal entries for mortgage payments, interest income, bank fees, accruals and depreciation. Prepare month end close, workpapers (as needed) and related reporting package including cash flow, income variance reporting and receivable analysis for assigned portfolio. Review rent roll for upcoming month and email to Property Managers for review. Abstract leases/lease amendments and related billing and notes in MRI as they are received. Perform CAM and Real Estate Taxes Expense reconciliations and assemble necessary support for tenant use Assist with set up of property budget files including current rent roll and related income stream for the following year as well as leasing assumption templates to be distributed to Property Managers. Calculate and enter budgeted income (for Base Rent, CAM, Real Estate Taxes recovery income) based on rent roll and assumptions. Calculate and enter budgeted insurance, real estate taxes and debt service and document basis for assumptions including all relevant supporting documents. Ensure all tax and license payments are paid timely. Assist with preparation of Income and expense forms as needed. Work with property manager to ensure security deposits are being property tracked, collected and refunded. Assist with year-end audit and tax requirements as needed. Investigate Property Manager inquiries related to tenant accounts. Prepare ad-hoc reporting and account analysis as needed.

Required Qualifications:

3-5 years of property accounting experience in commercial real estate (office, retail and industrial) Strong understanding of cash, accrual and tax basis reporting of real estate accounting principles. Advanced excel (VLOOKUPs, Pivot tables, etc) and knowledge of property accounting software (MRI, Yardi) preferred.

Job Type:

Full-time Pay:

$75,000.00 - $90,000.00 per year

Benefits:

401(k) 401(k) matching Dental insurance Disability insurance Health insurance Life insurance Paid time off Vision insurance Application Question(s): How many years of commercial (office, retail, industrial) property accounting experience do you have?

Education:

Bachelor's (Required)

Experience:

GAAP:

1 year (Preferred)

License/Certification:

CPA (Preferred)

Work Location:

Hybrid remote in Vienna, VA 22182