Property Accountant

Newton, MA

Kforce's client, a long-standing Property Management company located in Newton, MA is in search of a Property Accountant. The company offers a collaborative and employee-centric culture. Our client has been in business for 30+ years and has holdings and projects in all classes of real estate. Responsibilities: The Property Accountant will be responsible for a portfolio of properties. They will be responsible for monthly preparation of financial statements including balance sheets, income statements, variance analyses, property/tenant statistics and general ledger reconciliations. Key Tasks:

  • Work on upper and lower tier entities within a structure and potentially pass at REIT testing
  • Responsible for preparing cash distribution worksheets that will determine if a distribution to the partners is warranted
  • Prepare annual budgets for properties and respond to any questions pertaining to year-end work with outside auditors
  • As a Property Accountant, you will work with Tenants and internal clients, responding to inquiries and questions regarding the assigned properties in the portfolio
  • Be required to prepare Common Area Maintenance (CAM) and Real Estate Tax tenant billings on a quarterly and/or monthly basis
  • Responsible for Percentage Rent billings for properties and preparing tenant water billbacks on a quarter and/or semi-annual basis for assigned properties
  • Bachelor's degree in Accounting
  • 3 to 5+ years of general ledger/financial statement preparation in a similar environment
  • Knowledge of accounting software (Yardi, MRI, or comparable)
  • Ability to maintain both GAAP and Tax reporting for complex properties
  • Ability to understand all components of tenant leases
  • Ability to successfully manage cash for assigned complex properties
  • Strong Excel knowledge desirable

Posted 2025-12-26

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