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Property Accountant

Department: Accounting

Location: Los Angeles, CA

The Property Accountant is responsible for performing the established daily, monthly, and quarterly accounting procedures for an assigned portfolio of properties. Responsibilities include budget to actual income statement review, balance sheet analysis, calculating and posting expense accruals, CAM reconciliations and lease review. The Senior Property Accountant will communicate extensively with both the internal accounting department and the property management team.

Key Responsibilities

  • Perform monthly bank reconciliations for property bank accounts
  • Perform monthly debt posting and reconciliations of assigned portfolio
  • Perform property level budget to actual analyses
  • Understand and monitor all aspects of the properties’ balance sheets, including fixed assets, debt, receivables, and payables accounts
  • Manage monthly accounts receivable activity by preparing tenant account reconciliations, reviewing billings, and working with lease administrator move‐ins/outs
  • Review and understand tenant lease agreements
  • Book journal entries and perform GL account reconciliations
  • Communicate with property management regarding all aspects of property accounting areas, including property budget preparation, tenant payments, lease review and CAM analysis
  • Understand and review straight line rent calculations
  • Calculate and post quarterly property expense accruals
  • Review aging report and perform bad debt analysis
  • Review and approve property related invoices. Ensure proper coding of expenses
  • Responsible in maintaining business licenses of assigned portfolio
  • Perform acquisitions and sales processes for accounting, such as prorations and closing statement entries
  • Work with Senior Accounting Manager on annual CAM reconciliation process for an assigned portfolio of properties.
  • Work with tenants directly to answer account related questions. Must know how to research account balances and/or overpayments and identify discrepancies
  • Work with SP&A for forecasting, budgeting, and monthly/quarterly reporting
  • Work with corporate team for quarterly/annually reporting
  • Other projects or tasks assigned

Qualifications (Knowledge/Skills/Abilities/Experience)

  • Bachelor’s Degree in Accounting or Finance required
  • 3 to 5 five years of accounting experience in the real estate industry required
  • MRI and AvidXchange experience preferred
  • Strong proficiency in Microsoft Office Suite, especially Excel, Outlook, and Word
  • Must be self‐directed, motivated, and logical in problem solving; well organized with attention to detail; follow through with assignments
  • Able to communicate effectively with managers and coworkers
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