Direct Hire, Property Accountant
- Fully Onsite Position | Durham, NC (27703 Zip Code)
- Positive and Vibrant Work Culture | Competitive Pay & Benefits
- Background and Credit Check will be run, after an offer has been extended.
- Salary Range: Around $75k - $80k/range annually
Why Join the Team?
Looking for a role with an excellent team that values our employees and work/life balance? As a Property Accountant, you’ll play a crucial role in ensuring accurate and timely financial reporting while enjoying:
- Company-Wide Gatherings – Enjoy company comradery with organization-wide dinners and gatherings.
- Competitive Pay & Full Benefits – Take advantage of quality care through our offered benefit providers.
- Longevity – Employees stay with us for a reason! Enjoy a stable work environment and join the rest of our employees by staying years and years!
Your Role & Responsibilities
As a Property Accountant, you will take ownership of financial reporting, cash management, budgeting support, and accounting operations for a portfolio of real estate properties. This role is critical to ensuring accurate financials, maintaining compliance, and supporting strategic decision-making. The Property Accountant will partner closely with Property Managers, Asset Managers, and external stakeholders while managing day-to-day accounting functions in a fast-paced, collaborative environment.
Education and Experience:
- Bachelor’s Degree in Accounting, Finance, or related field
- 2–5+ years of property or real estate accounting experience (commercial, multifamily, retail, or mixed-use preferred)
- Strong understanding of GAAP accounting principles
- Experience with full-cycle accounting (General Ledger through financial reporting)
Primary Responsibilities and Duties:
Financial Reporting & Close:
- Prepare monthly, quarterly, and annual financial statements, including Balance Sheet, Income Statement, Cash Flow, General Ledger, and Trial Balance
- Perform variance and budget-to-actual analysis
- Complete monthly close process, including account reconciliation and review
- Prepare and post journal entries (accruals, deferrals, reclasses)
- Ensure compliance with GAAP and client-specific reporting requirements
Banking & Cash Management:
- Perform monthly bank reconciliations across all account types (operating, trust, reserve, security deposits)
- Monitor daily cash balances and banking activity
- Assist with cash forecasting and liquidity planning
Accounts Receivable & Billing:
- Record tenant payments and maintain accounts receivable ledgers
- Prepare and issue tenant billings, including rent, CAM, and recoveries
- Monitor aging reports and follow up on delinquencies in coordination with Property Management
- Review lease abstracts to ensure billing accuracy
Accounts Payable:
- Review, code, and process vendor invoices
- Execute weekly check runs and electronic payments
- Maintain vendor records and ensure W-9 compliance
Budgeting & Forecasting:
- Partner with Property Managers to prepare annual budgets and forecasts
- Analyze variances and provide financial insights
- Support capital expenditure tracking and reporting
Client & Lender Reporting:
- Prepare lender reporting packages on a recurring basis
- Assist with draw requests and development reporting as needed
- Respond to client inquiries and provide financial analysis
Audit & Tax Support:
- Prepare year-end workpapers and audit packages
- Support tax preparation in coordination with external accountants
- Prepare and file 1099s and ensure compliance
- Post year-end and tax-related adjustments
Process Improvement & Compliance:
- Maintain and enhance internal controls and accounting processes
- Identify opportunities for efficiency improvements
- Ensure compliance with company policies, agreements, and regulations
Miscellaneous:
- Collaborate with cross-functional teams to support overall operations
- Manage multiple deadlines and priorities effectively
- Provide additional reporting and analysis as needed
- Continuously seek opportunities to improve workflows and contribute to team success
Technical Skills:
- Proficiency in Microsoft Office 365 (Excel required; PivotTables, VLOOKUP/XLOOKUP preferred)
- Experience with accounting/property management systems (Yardi, MRI, or similar)
- Familiarity with SharePoint or document management systems