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Real Estate Property Accountant

CWD Real Estate Investment
Grand Rapids, MI
  • Expired: over a month ago. Applications are no longer accepted.
Job Description

Real Estate Property Accountant

Job Description

 

Basic Function: 

Under the direction of the Controller and Director of Accounting, the Property Accountant is responsible for the day-to-day accounting functions required to produce monthly GAAP financial statements for properties owned by investment funds or in other joint venture structures.  Accuracy and timeliness in the completion of the workload is required in this position.  Strong communication skills, good work ethic, analytical thinking, a bachelor’s degree in accounting and at least 3 years of experience are required and experience in the real estate field is preferred.

Duties Include:

 Financial Reporting

·         Prepare monthly bank reconciliations

·         Record monthly adjusting and accrual entries

·         Update fixed asset system for additions and disposals and record monthly depreciation and amortization

·         Monitor cash balances and recommend capital calls and distributions from/to investors

·         Prepare monthly financial statement analysis according to GAAP with variance reporting

·         Compile monthly financial statement package with required supporting documentation

·         Distribute financials to lenders/owners

·         Attend owner meetings, as necessary

·         Assist in the annual audit and tax return preparation

·         Assist in annual budget preparation

·         Prepare annual tenant expense reconciliations

·         Prepare 1099s, sales tax payments and personal property tax returns

Accounts Receivable

·         Record tenant receipts against monthly charges

·         Process monthly tenant billings and other miscellaneous billbacks

·         Monitor tenant accounts for overages/shortages and past due amounts

·         Send monthly invoices/statements to tenants

·         Review lease entries in Yardi

Accounts Payable

·         Process payable invoices: review for proper coding and approvals and post to ledger

·         Manage weekly cash flow spreadsheet to determine which payables are to be paid

·         Record electronic payments

Additional duties as assigned by management

Company Description
Partners Sam Cummings, Scott Wierda and Dan DeVos are the principals of CWD Real Estate, a fully integrated real estate firm that owns and operates many of the most sought-after properties in Michigan.

CWD Real Estate commits to strengthening the urban center and community of Grand Rapids by making strategic investments that provide high-quality places to live, work and be entertained.

Together, the principals of CWD possess nearly 80 years of real estate experience and enjoy a demonstrated track record of entrepreneurship in West Michigan and beyond. Their position as long-time owners, investors and developers uniquely equips them to offer their services as fiduciaries. Based on their expertise and ability to 'think like owners', they can provide invaluable insight into long-term planning for real estate as an integral part of a balanced investment portfolio.
The managing partners of Cummings and Wierda jointly direct the firm’s daily operations, investments and oversee the management of the company’s assets. CWD partner Dan DeVos is directly involved in the company’s investment and development initiatives and works with the managing partners to develop the company’s long-term growth strategy.

CWD Real Estate Investment

Why Work Here?
Fantastic company culture; cool downtown vibe; beautiful workspace

Partners Sam Cummings, Scott Wierda and Dan DeVos are the principals of CWD Real Estate, a fully integrated real estate firm that owns and operates many of the most sought-after properties in Michigan. CWD Real Estate commits to strengthening the urban center and community of Grand Rapids by making strategic investments that provide high-quality places to live, work and be entertained. Together, the principals of CWD possess nearly 80 years of real estate experience and enjoy a demonstrated track record of entrepreneurship in West Michigan and beyond. Their position as long-time owners, investors and developers uniquely equips them to offer their services as fiduciaries. Based on their expertise and ability to 'think like owners', they can provide invaluable insight into long-term planning for real estate as an integral part of a balanced investment portfolio. The managing partners of Cummings and Wierda jointly direct the firm’s daily operations, investments and oversee the management of the company’s assets. CWD partner Dan DeVos is directly involved in the company’s investment and development initiatives and works with the managing partners to develop the company’s long-term growth strategy.

Address

50 Louis Street NW

Grand Rapids, MI
USA

Industry

Real Estate

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