Job Title: Property Accountant (CAM & Recoveries)
Employment Type: Full-Time
Position Overview
The Property Accountant is responsible for managing accounting activities for a commercial real estate portfolio, with a primary focus on Common Area Maintenance (CAM), operating expense recoveries, real estate taxes, and insurance. This role ensures accurate expense allocation, lease compliance, and timely tenant billings while supporting property management and asset management teams.
This position is ideal for a Property Accountant with strong CAM experience who is comfortable interpreting commercial lease language, managing reconciliations, and handling tenant inquiries in a deadline-driven environment.
Key Responsibilities
โข Prepare and complete annual CAM and operating expense reconciliations for commercial properties
โข Manage real estate tax and insurance reconciliations in accordance with lease terms
โข Ensure accuracy through general ledger, expense, billing, and rent roll tie-outs
โข Calculate CAM budgets, true-ups, and recovery accruals
โข Review and abstract commercial leases to determine recoverable expenses
โข Support tenant audits and respond to CAM and recovery-related inquiries
โข Maintain and ensure the integrity of CAM pools and recovery structures
โข Partner with property management and asset management teams to resolve discrepancies
โข Assist with preparation of annual rent letters and tenant billings
โข Support month-end close and ad hoc accounting projects as needed
โข Perform other related duties as assigned
Qualifications
โข Bachelorโs degree in Accounting, Finance, or a related field
โข 3+ years of property or real estate accounting experience
โข Strong CAM, operating expense, and recovery accounting experience
โข Proficiency in Microsoft Excel, including reconciliations and financial analysis
โข Experience with commercial property accounting systems such as Yardi or similar
โข Solid understanding of commercial lease language and expense recoveries
โข Strong attention to detail and ability to meet deadlines
โข Excellent analytical and communication skills
โข Ability to work independently and manage multiple priorities