Property Accountant

Job Description

Job Description

Benefits:

• 401(k) matching
• Company parties
• Dental insurance
• Flexible schedule
• Free food & snacks
• Opportunity for advancement
• Paid time off
• Parental leave
• Training & development
• Vision insurance

Company: Waterstone Properties Group, Inc.
Role: Property Accountant
Reporting to: SVP of Finance
Full time in office, Needham, MA based

The Property Accountant will be responsible for a portfolio of approximately 20 commercial retail properties in the northeast. The Property Accountant will be responsible for the monthly preparation of financial statements, CAM recs, and customary transactions associated with the role.

Establish a relationship with the tenants serving as a point of contact for any questions that may arise
Record monthly rents from tenants and ensure tenant ledgers are accurate and can effectively communicate any delinquencies to management
Perform monthly reconciliations and update supporting workpapers of the properties including banking, accounts receivable, and other balance sheet accounts
Process all tenant billbacks for the property including periodic CAM recs, utility billbacks, percentage rent, and other tenant specific expenses
Review and analyze the general ledger activity and P&L ensuring accuracy that expenses are properly recorded - completing journal entries as needed
Collaborate with property management in preparation of the annual property level budgets and other ad hoc requests
Demonstrate an ability to understand commercial retail leases and properly interpret lease language surrounding percentage rent and CAM language
Prepare detailed monthly property level financial statements for management
Identify and implement process improvements associated with the role that result in overall efficiencies for the company

Requirements

Bachelors degree in accounting
Prior commercial real estate experience preferred
Experience with Yardi strongly preferred or similar accounting software
3 to 5 years of general ledger / financial statement preparation in a similar environment.
Ability to collaborate across the organization and communicate up, down and across to all stakeholders
Demonstrated experience with Microsoft Office and associated products - strong Excel knowledge
The ideal candidate will be highly organized, detailed, with strong analytical skills