Our client is seeking a highly skilled and analytical Senior Property Accountant to join our team. This role will report directly to the Controller and is responsible for full-cycle property accounting, including complex transactions such as acquisitions, dispositions, capital activity, and investor distributions.
This is not a transactional role. The ideal candidate must demonstrate strong critical thinking, ownership of financial accuracy, and the ability to identify and resolve discrepancies independently. The candidate should be comfortable operating in a fast-paced, evolving environment and be proactive in improving processes and controls.
Role Mission:
To ensure accurate, timely, and complete financial reporting while proactively identifying issues, improving processes, and supporting strategic decision-making across the portfolio.
Key Responsibilities:
General Ledger & Financial Reporting
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Maintain and reconcile general ledger accounts; prepare and review journal entries
- Own full month-end close process with strong self-review and variance analysis
- Prepare financial statement packages with supporting schedules and explanations
- Identify discrepancies and proactively resolve issues before review
Capital & Transaction Accounting
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Record equity contributions and distributions, including investor allocations
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Prepare and record acquisition and disposition entries, including gain/loss calculations
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Prepare Construction Draw Funding entries
- Understand and account for 1031 exchange transactions
- Record and track intercompany activity and capital structures
Accounts Receivable & Tenant Analysis
- Review tenant ledgers and identify discrepancies, unapplied cash, or missing payments
- Investigate tenant disputes and reconcile balances with supporting documentation
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Ensure accurate billing and revenue recognition
Accounts Payable
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Oversee AP and AR processes; review entries for proper coding and accuracy.
- Identify and resolve discrepancies in AP transactions; perform necessary reconciliations.
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Process recurring financial transactions such as debt service, real estate taxes, and utility payments.
- Calculate and maintain Management/Acquisition Fee schedules for
Property-Level Accounting & Operations
- Lead CAM reconciliations and validate accuracy of recoveries
- Ensure lease terms are accurately reflected in financial reporting
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Monitor property-level financial performance and identify variances
- Track and record intercompany transactions, wire fees, and bank charges.
Management Fee Calculation Billing & Tracking
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Calculate and prepare management fess in accordance with PM agreements
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Ensure accuracy of fee structure and the supporting calculations across managed entities.
- Coordinate internal review and approval prior to posting
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Record and upload management fee charges in Yardi at the property level.
- Maintain supporting documentation for audit and reconciliation purposes.
Debt & Asset Management Support
- Maintain loan schedules and record financing activity
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Record deferred financing costs and amortization
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Support asset management with financial analysis and reporting
Process Improvements & Controls
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Identify inefficiencies and propose process improvements
- Develop and update SOPs to improve accuracy and consistency
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Ensure adherence to internal controls and accounting policies
Reporting & Compliance
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Prepare cash reports and support investor reporting requirements
- Assist with audits and tax support as needed
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Ensure compliance with GAAP and company policies
Requirements
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5–8 years of experience in property accounting or real estate accounting
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Strong proficiency in Yardi (required)
- Advanced Excel skills
- Strong understanding of GAAP and real estate accounting concepts
- Experience with acquisitions, dispositions, and capital activity
- Ability to think critically and solve problems independently
- Strong attention to detail with a high level of accountability
- Excellent communication and organizational skills
Milestone Timeline
First 30 Days – Integration & Orientation
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Complete onboarding and system training
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Review property financials and identify initial discrepancies
- Understand capital structures and reporting requirements
By Day 60 – Independent Execution
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Own month-end close for assigned properties
- Begin handling capital activity and transaction entries
- Identify and communicate process improvement opportunities
By Day 90 – Ownership & Accuracy
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Fully manage assigned portfolio with minimal oversight
- Perform detailed variance analysis and provide explanations
- Support acquisition/disposition accounting
By Day 120 – Strategic Contributor
- Lead complex transactions and reporting
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Improve processes and documentation
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Serve as a key resource to the Controller and team
Benefits
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Work remotely Monday - Friday, 40 hours a week (no weekends)
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Did we mention it's REMOTE?!!
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