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Property Accountant

Accounting in Los Angeles, CA

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

Key Responsibilities

  • Provide budget to actuals commentary on all properties at a GL level – work extensively with Property Managers in understanding the drivers and variances
  • Understand and monitor all aspects of the properties’ balance sheets, including fixed assets, debt, receivables, payables and suspense accounts
  • Communicate with property management regarding all aspects of property accounting areas, including property budget preparation, tenant payments, lease review and CAM analysis
  • 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
  • Perform bank reconciliations for property bank accounts
  • Book journal entries and perform GL account reconciliations
  • Calculate and post monthly and quarterly property expense accruals
  • Work with Senior CAM Analyst on annual CAM reconciliation process for an assigned portfolio of properties
  • Partner with SP&A for forecasting, budgeting, and monthly/quarterly reporting

Qualifications (Knowledge/Skills/Abilities/Experience)

  • 4-6 years of real estate accounting experience (private or public)
  • Bachelor’s Degree in Accounting or Finance required; CPA preferred
  • Joint Venture reporting experience preferred
  • MRI experience preferred
  • Strong proficiency in Excel
  • 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
  • Prior experience in real estate accounting and cash management strongly preferred
  • Strong leadership and ability to utilize supervisory skills for good team management
  • Highly motivated, self-starter, driven, flexible and a genuine team player
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