Property Accountant

(MUST HAVE EXPERIENCE WITH TRIPLE NET, RETAIL SHOPPING CENTER TENANTS) 

Oversee accounting duties for commercial properties located across the country

  • Prepare accrual-based financial statements for assigned portfolio
  • Analyze the general ledger for each property, prepare journal entries, calculate accruals and adjustments and maintain detailed work paper files on a monthly basis
  • Review results of operations and provide detailed explanations of variances
  • Review invoices to ensure correct account coding and expense allocations
  • Prepare reconciliations of all cash accounts, reserves and escrows
  • Maintain fixed asset and depreciation schedules
  • Calculate real estate tax and operating expense escalations, year-end reconciliations
  • Interact with asset managers, leasing agents, and property managers
  • Owning the accounts receivable process
  • Prepare annual budget and reforecast
  • Financial reporting: run monthly and quarterly property reports for review by the Controller.
  • Respond to requests for internal management reports.
  • Assist with the year-end audit process, by preparing supporting documents.
  • Responsible for preparing all journal entries and the monthly G/L close for assigned portfolio.
  • Must be able to manage daily property accounting activities:  Lease administration – maintaining tenant ledgers, the onboarding and move out process; Enter and process accounts payable and accounts receivable; handle invoices, payments, vendor contracts; Daily bank balances and reconcile all accounts monthly

Qualifications:

  • Bachelor’s degree in Accounting, plus 3-5 years of related experience; with at least 3 years in a commercial real estate company.
  • Detail oriented with the ability to work in a fast paced, deadline driven environment – extended hours when necessary.
  • Exceptional math aptitude.
  • Works with a sense of urgency!
  • Proficient with MS Excel.
  • Strong communication skills; to communicate at all levels and across diverse cultures.

Skills/Abilities:

  • Understanding of property accounting is a requirement!
  • Strong general ledger, accounts payable, accounts receivable, and banking working knowledge.
  • Assist with development, implementation, and documentation of internal controls.
  • Ability to Prioritize/Multitask.
  • Self-directed and proactive, able to work independently with broad guidelines.

Technology:

  • Familiarity with Yardi, MRI or similar property management accounting system necessary.
  • Microsoft Office Suite.

About Us:

First National Realty Partners is a dynamic private equity firm that is helping reshape the commercial real estate landscape. Every day we bring institutional-quality commercial real estate opportunities to the mass affluent investor while creating value for all stakeholders involved; tenants, investors, employees, and the communities we own in.

Working at First National is unlike anything you’ve experienced before. We’re not your stuffy shirt-and-tie office space. We’re the goal-oriented, get-it-done, work-hard, play-hard type of team that loves to create, explore, challenge the status quo and win.

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