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Senior Property Accountant

Accounting in Los Angeles, CA

Job Summary

The Senior 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 bank reconciliations for property bank accounts
  • 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 monthly and quarterly property expense accruals
  • Review and approve property related invoices
  • Perform acquisitions and sales processes for accounting, such as prorations and closing statement entries
  • Work with Senior CAM Analyst on annual CAM reconciliation process for an assigned portfolio of properties
  • Work with SP&A for forecasting, budgeting and monthly/quarterly reporting
  • Work with corporate team for quarterly/annually reporting

Qualifications (Knowledge/Skills/Abilities/Experience)

  • Bachelor’s Degree in Accounting or Finance required
  • Minimum of 3 years of commercial property accounting experience
  • 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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