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Our client, a privately owned real estate firm involved in real estate investment, development and property management worldwide is one of the largest real estate organizations in the world and they are looking for a Senior Property Accountant. This Senior Property Accountant will be responsible for ensuring the accuracy and propriety of all financial data and reports.
Job Responsibility:
Collaborate closely with Controller, Property/Project Manager, and Accountants to maintain the accuracy of accounting, financial reporting, and construction draw processes, when required
Create funding requests for both investors and lenders
Perform treasury-related tasks, which include initiating wire transfers for distributions, debt service, and other periodic or special payments
Analyze accounts receivable (AR) aging to evaluate collectability and recommend write-offs or reserves as needed
Support the Property Management team with analysis of accounts receivable data to assist in collection efforts, if necessary
Post journal entries to the general ledger, ensuring compliance with GAAP or other applicable accounting standards. If relevant, review journal entries prepared by Accountants or external parties to ensure accuracy and alignment with accounting principles
Manage project/property reporting schedules and draw calendars
Execute month-end close tasks, including preparing and reviewing reconciliations of complex accounts
Conduct thorough reviews and analyses of the general ledger
Accurately calculate, invoice, and record Property/Development Management fees and Construction Management fees in a timely manner
Oversee fixed asset records by setting up and tracking new assets and processing monthly depreciation/amortization
Prepare monthly and quarterly financial statements along with detailed supporting schedules, in coordination with the Property/Project Manager to ensure correctness
Create lender-related reserve, escrow, or draw requests (including tenant improvements, commissions, and capital expenses)
Investigate accounting standards, draft memorandums outlining positions, and document appropriate treatment for unique or new financial items
Provide assistance to the Asset Management and Property Management teams in preparing annual property budgets and reconciling differences between Argus models and budgets/forecasts. Enter approved budgets into relevant accounting systems
Compile and submit information required for financial statement and internal audits
Generate tax projections and develop tax preparation workpapers as needed
Support and mentor new accountants in their respective specialties or product areas to ensure the consistency and accuracy of processes and deliverables
Contribute to projects, ad hoc reporting, and analysis for the Accounting team as requested
Requirements:
BS in accounting from an accredited university
3+ years of public accounting (auditing of real estate companies) or another real estate company doing similar work
Bachelor’s or Master’s degree in Accounting from an accredited institution
At least 3 years of experience with a public accounting firm (auditing real estate companies) or another real estate company
Commercial real estate experience is strongly preferred
Excellent organizational and time management skills
Excellent communication and collaboration skills
Knowledge of real estate accounting practices and systems is highly desirable
Nice to have:
Commercial real estate experience
Knowledge of real estate accounting practices and systems
What we offer:
10% bonus
full benefits
medical, vision, dental, and life and disability insurance