Job Description
Salary:
A Property Accountant is responsible for the day-to-day accounting of commercial real estate assets. This position is generally responsible for closing the books and records for approximately 10-12 properties and all ancillary accounting related to these assets.
Essential Duties:
Maintain the financial statements for a portfolio of assets
Monthly bank reconciliations
Monthly variance analysis
Weekly cash management which includes weekly check runs, tenant outreach on rent timing
Monthly partnership distribution/cash call analysis
Monthly meeting with property managers to discuss and report on property issues/financials
Quarterly Balance Sheet reconciliations
Quarterly review of capital expenditures within the property portfolio
Quarterly cash flow reforecast
Assist in annual property budgets
Assist in annual CAM Reconciliations for tenants within the property portfolio
Assist in annual tax returns/audits within the property portfolio
Assist in Ad hoc projects within accounting and property management
Requirements:
Bachelors Degree in Accounting or Finance
2-3 years of accounting experience, preferably in the Commercial Real Estate industry
Detail-oriented
Analytical
Strong verbal and written communication skills
Ability to work in a fast-paced environment and meet deadlines
Understanding of variance analysis when comparing actual to budget
Strong Microsoft computer skills
MRI experience is a plus
Ad Hoc projects as assigned
Additional Comments:
Typical portfolio size 13-17 low to medium tier assets, generally single-tenant NNN, land entities, vacant buildings
Some involvement in tax returns and audits, mainly file uploading/scanning.
Generally, a person with 1-4 years of experience in commercial real estate
Would not be a practice leader within the department
IRG Realty Advisors, LLC is an equal opportunity employer for employment without regard to their protected veteran or disabled status.
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