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Property Accountant

TORP Group Belmont, CA
  • Posted: 1 day ago
  • $75,000 to $90,000 Annually
  • Full-Time
  • Benefits: Vision, Medical, 401k, Dental

Are you seeking a position with a better commute? This commercial property management firm is located in Belmont, CA and is looking for their next Property Accountant. This established firm focuses on the west coast and has a reputation for professional service. Seeking candidates with at least 3 years general ledger accounting property management experience preferred.

Duties:

  • Manage and maintain the books for multiple commercial properties for a growing real estate investment
  • Reconcile intercompany accounts with Corporate for payables and equity accounts with ownership.
  • Ensure the sub-ledgers reconcile to the general ledger monthly
  • Manage the month-end close process for assigned properties. Prepare accruals and reconcile balance sheet accounts including monthly bank reconciliations
  • Produce monthly/quarterly financial statements and work with property managers to prepare property management reports and variance analysis
  • Prepare quarterly, or as needed cashflow reports for property
  • Work with Property Controller on issues related to Tax & Insurance, Loan Administration, and Construction Draws
  • Acquisitions & Dispositions: Work with Corporate Controller to prepare proration schedules during sale, post-closing entries and write-off of assets
  • Work closely with property managers to prepare property budgets and quarterly reforecasts
  • Work with property managers to prepare CAM reconciliations and estimates.
  • Review and input lease abstracts prepared by property managers
  • Perform and manage day-to-day accounting for assigned properties. Review posted daily cash receipts. Review invoices for proper coding. Reconcile cash accounts on a weekly basis. Review and ensure property expenses are properly recorded in a timely manner
  • Monitor tenant AR account details for non-payments, delayed payments and other irregularities, and assist Property Manager in identifying collection issues. Assist property managers in researching tenant issues.
  • Prepare requests for disposition of security deposits for tenants who have moved out within the required time frame and copies are filed properly.

Requirements:

  • Bachelor’s degree in Accounting preferred
  • 3+ years of general ledger accounting, real estate property management accounting preferred
  • Understanding of real estate tax issues, a plus.
  • Experience with preparation of CAM reconciliations for commercial real estate projects.
  • Experience with financial statement variance analysis with narratives
  • CPA preferred, not required.

TORP Group

Address

Belmont, CA
USA

Website

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