Property Accountant
Kforce's client, a highly successful asset management company located in Newton, MA is in search of a Property Accountant. The company offers a highly proven career trajectory, an excellent compensation plan and the chance to work with a stable and growing company. Overview: The Property Accountant reports to the Accounting Manager, while accepting direction from the Senior Property Accountant. In this role, you will perform accounting support functions for commercial real estate properties. Responsibilities:
- Property Accountant will maintain GAAP accrual general ledgers
- Prepare and process monthly journal entries; Produce monthly financials according to the established schedule and analyze results; Communicate concerns to the Accounting Manager
- Review income, expense, and in progress capital jobs for accurate coding, payment and necessary accruals; Resolve issues with the Property Manager or other departments as necessary
- Review new monthly leasing activity and work with the Lease Administration team and Accounting Manager to ensure proper revenue recognition
- Review lease documents and prepare summaries of material leasing activity, verifying dates and dollars and identifying potential lease liabilities
- As a Property Accountant, you will prepare monthly bank reconciliations
- Prepare quarterly and annual operating escalation reconciliations to ensure accuracy and completeness of revenue recognized; Review tenant leases to ensure accurate CAM billings
- Perform special projects as needed and provide support to the accounting and property management teams
- Bachelor's degree in Accounting
- 2-4 years of accounting experience, public accounting experience highly desirable
- Basic understanding of general ledger activity, preference with Yardi application
- Proficiency with Excel and other MS applications
- Strong communication skills, both verbal and written, are essential
- Ability to collaborate with internal and external teams
- CPA a plus
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