Property Accountant

Kuester Real Estate Services Location:

Fort Mill, SC 29708 Job description: The Property Accountant will play a key role in supporting the financial operations of Kuester Real Estate Services. This individual will be responsible for day-to-day accounting functions, with a strong focus on accounts payable processing, CAM reconciliations, monthly reporting, and both investor- and property-level distributions. The role also includes assisting the Controller with higher-level financial tasks, audits, and coordination with outside CPA firms for tax return preparation. The ideal candidate is detail-oriented, deadline-driven, and familiar with the unique accounting requirements of real estate property management and development. Key Responsibilities Accounts Payable (AP): Process vendor invoices and payments accurately and timely using AvidPay and other payment platforms. Review and reconcile vendor statements, resolve discrepancies, and maintain vendor records. Ensure proper coding of invoices to properties, GL accounts, and cost centers

Property Accounting:

Prepare and review monthly financials for assigned properties, including accruals and variance analysis. Perform Common Area Maintenance (CAM) reconciliations for commercial properties, ensuring compliance with lease agreements. Reconcile tenant charges and bill-backs such as utilities, insurance, and tax reimbursements. Assist in preparing annual budgets and forecasts for properties.

Reporting & Distributions:

Prepare and distribute monthly reporting packages to management, owners, and investors. Develop and maintain property-level and portfolio-level budgeting models to track performance against projections. Prepare cash flow reports and forecasts to ensure adequate liquidity for operations, debt service, and distributions. Calculate and process monthly and quarterly investor distributions in accordance with ownership agreements. Manage property-level distributions, including owner draws, preferred returns, and waterfall calculations. Maintain accurate records of distribution schedules, investor contributions, and returns. General Ledger (GL): Record journal entries, bank reconciliations, and intercompany transactions. Support month-end and year-end close processes. Assist with preparation of quarterly and annual financial reports.

Tax Coordination & Compliance:

Work directly with outside CPA firms to provide supporting documentation for annual tax returns. Coordinate tax schedules, ownership details, and property-level financials for timely filing. Ensure accounting records align with tax reporting requirements. Assisting the

Controller:

Provide direct support to the Controller in preparing consolidated reports, investor communications, and lender packages. Assist in monitoring cash flow, loan compliance, and corporate reporting. Support internal and external audits, ensuring timely delivery of requested schedules and reconciliations. Collaborate with the Controller on special projects, system improvements, and process standardization.

Process Improvement:

Maintain proper documentation and support for audits and internal reviews. Identify and implement process improvements to increase accuracy and efficiency. Qualifications Bachelor's degree in Accounting, Finance, or related field (or equivalent work experience). 3+ years of accounting experience, preferably in real estate, property management, or development. Experience with AvidPay or similar AP automation/payment systems. Strong understanding of CAM reconciliations, tenant billing, monthly reporting, investor/property distributions, and tax preparation support. Proficiency in Microsoft Excel and accounting software (experience with Rent Manager is a plus). Strong organizational skills, with attention to detail and ability to manage multiple priorities. Preferred Skills Knowledge of commercial and multifamily property accounting. Ability to analyze lease terms for financial implications. Experience preparing investor reports or lender compliance packages. Prior experience supporting CPA firms during tax season. Benefits Competitive salary, commensurate with experience. Health insurance options with employer contributions. Paid time off and company-recognized holidays. Opportunities for growth within a dynamic and expanding real estate firm.

Job Type:

Full-time Benefits:

Dental insurance Disability insurance Flexible spending account Health insurance Life insurance Paid sick time Paid time off Professional development assistance Vision insurance

Education:

Bachelor's (Required)

Experience:

Accounting:

3 years (Required)