Property Accountant

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