Property Accountant

Core Responsibility: Property Accounting & Monthly Close · Complete the monthly close and account reconciliations for each property entity

· Record accruals, prepaids, debt service, and straight-line rent

· Maintain the Yardi rent roll, tenant ledgers, and security deposits

· Bill recurring charges, escalations, and recoveries per lease terms

· Prepare annual CAM, real estate tax, and insurance reconciliations

· Account for capital projects, construction in progress, and depreciation

· Set up newly acquired properties in Yardi and QuickBooks at closing

Reporting & Budgeting · Prepare monthly property financial statements, variance analysis, and cash forecasts

· Present results in monthly asset and property management reviews

· Build annual budgets and quarterly reforecasts in collaboration with property management

· Prepare lender reporting, covenant support, and escrow draw packages

Investor Accounting · Maintain investor capital accounts, including TIC and joint venture interests

· Prepare quarterly preferred return, distribution, and profit share calculations

· Calculate and invoice property management, asset management, and EUM fees

Skill Set · Bachelor’s degree in Accounting or Finance

· 3 to 5 years of commercial real estate property accounting experience

· Partnership, joint venture, or fund accounting experience preferred

· Multi-entity accounting, CAM reconciliations, and tenant recoveries

· Advanced Excel skills; Yardi and QuickBooks experience preferred

· Clear communicator with strong attention to detail

· CPA or progress toward CPA preferred