Job Description

Job Description

Essential Functions:

• Review monthly property financials prepared by third-party property management.
• Communicate and interact with third-party property management team.
• Work with property management to obtain variance report narrative and provide month over month, quarterly and annual analysis.
• Create and maintain property financials dashboards. Maintain balance sheet reconciliation for all properties on a monthly basis.
• Note exceptions, trends, extreme over/under budget conditions.
• Monitor and report debt service coverage ratios for properties with such covenants.
• Monitor tenant AR details for non-payments, delayed payments and other irregularities, and assist Asset Management in identifying collection issues.
• Track assigned property budgets to identify and discuss any cost/budget issues with Asset Management.
• Review/prepare and propose property related journal entries to accurately account for all costs.
• Assists with preparation of year-end work papers for properties to facilitate audit and tax return preparation.
• Prepares and engages best practices for property accounting analysis.
• Provide ad hoc analysis and reporting as needed.
• Assist Asset Management Department with special accounting tasks.
• Work and collaborate with accounting, asset management, and third-party property manager teammates.

Requirements

• BA or BS in Accounting, Finance or related fields.
• 3-5 years of accounting experience inCommerical or Industrial Real Estate accounting or experience in accrual-based accounting for residential properties.
• Thorough understanding of generally accepted accounting principles and fixed asset accounting.
• Demonstrated experience with preparing financial statements and monthly variance analysis.
• Demonstrated ability to work with minimal supervision.
• Technical skills required – Microsoft Word, Excel, Outlook, NetSuite.
• Understanding of real estate tax issues.
• Excellent Interpersonal, verbal and written communication skills.
• Ability to work within a team-based environment.
• Ability to handle multiple tasks.
• Planning and organizational skills.
• Yardi experience preferred.

Job Tags

Similar Jobs