Property Accountant Jobs

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 Property Accountant will communicate extensively with both the internal accounting department and the property management team.

Key Responsibilities

• Work with the Senior CAM Analyst on the annual CAM reconciliation process for an assigned portfolio of properties
• Understand and monitor all aspects of the properties’ balance sheets, including fixed assets, debt, receivables, payables, and suspense accounts
• Review and understand tenant lease agreements
• Perform bank reconciliations for property bank accounts
• Communicate with property management regarding all aspects of property accounting areas, including property budget preparation, tenant payments, lease review, and CAM analysis
• Calculate and post monthly and quarterly property expense accruals
• Book journal entries and perform GL account reconciliations
• Manage monthly accounts receivable activity by preparing tenant account reconciliations, reviewing billings, and working with lease administrator move-ins/outs
• Perform property level budget to actual analyses
• Understand and review straight-line rent calculations

Qualifications (Knowledge/Skills/Abilities/Experience)

• Able to communicate effectively with managers and coworkers
• 2 to 5 five years of accounting experience in the real estate industry required
• Bachelor’s Degree in Accounting or Finance required
• MRI or Yardi 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

Salary Range: $80-90K base