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Property Accountant – Family Investment Office (Commercial Real Estate). Our client is a successful, established small family investment office, based in River Oaks and focused on commercial real estate investment and management across Houston. The organization offers outstanding work-life balance and an opportunity to grow alongside a supportive team. They are seeking an experienced Accountant to lead accounting functions for their real estate portfolio and other assets and investments. Commercial property accounting experience required.
Job Responsibility:
Oversee all general accounting functions, including accounts payable/receivable, credit card and bank reconciliations, payroll, accruals, expense reports, journal entries, commission and loan schedules, and intercompany transactions
Manage fixed assets, monthly depreciation and amortization, asset capitalization vs. expense, and ensure proper documentation and compliance for business loans and refinances
Perform monthly property accounting, reviewing reports for accuracy and correct allocations
process and reconcile third-party property management activity
Lead monthly close of financial statements, conduct management reporting and analysis, provide budget reviews, and investigate variances
Prepare and analyze monthly cash flow statements, including capital improvements and significant expenses
Oversee debt compliance and prepare lender financial reporting (annually)
Coordinate and prepare annual property budgets with managers/owners
monitor budget vs. actuals and report variances
Manage annual CAM/tax/insurance reconciliations, tenant billings and collections, property tax payments, insurance renewals, and administrative cost allocation and billing between entities
Handle payroll and tax reporting, including quarterly and annual filings (W-2, 1099, Franchise Tax)
Requirements:
Bachelor’s degree in Accounting, Finance, or related field
Minimum 5+ years of property accounting experience
exposure to commercial real estate ideal
Strong grasp of month-end close, accrual accounting, and general ledger management
Proficient in accounting software (e.g., Yardi, MRI, QuickBooks)
advanced Excel skills
Detail-oriented with strong analytical and communication skills
Collaborative, adaptable, and committed to delivering high-quality work in a family office environment