Senior Property Accountant

Senior Property Accountant

136 Brookline Ave

The position is for an experienced commercial real estate property accountant who is proactive, can work independently and as part of a team, and who has a thirst for acquiring knowledge as it relates to the entire real estate investment, management, & development process.  This role will work closely with Property Management/Portfolio Management on budgeting, reporting and general portfolio management support.  The SPM will also work closely with Development team members on any active Development/Construction projects within the assigned portfolio.

The Senior Property Accountant will have experience accounting for complex, mixed-use properties and/or development real estate projects.

REPORTS TO: Assistant Controller

The Senior Property Accountant will process the accounting functions of general ledger/financial reporting, lease administration, and treasury management for a designated portfolio of owned properties. The Senior Property Accountant reports to the Assistant Controller and indirectly to the Property Controller.

Areas of responsibility include Financial Reporting, Cash Management, Budgeting & Forecasting and Lender Compliance.

Specific responsibilities include (but are not limited to):

  • Responsible for daily operations of 4-6 properties. The Senior Property Accountant should be comfortable with complex, mixed-use assets.
  • Prepare monthly and quarterly reporting packages for properties including:
    • Bank reconciliations
    • Variance analysis
    • Balance sheet, Reserves and Capital Expenditure analysis
  • Review, analyze and record adjustments and accruals to general ledger.
  • Coordinate with JV Partners on property related financial activity.
  • Cash Receipts & assist in monitoring outstanding receivables with property management.
  • Prepare CAM & Property Tax and Utility reimbursements.
  • Assist with the preparation of annual budgets.
  • Assist with the preparation of property forecasts.
  • Prepare or assist with preparation of annual audit and tax returns packages.
  • Prepare or assist with lender reporting requirements.
  • Work directly with property and asset management teams to ensure financial integrity of assigned properties.
  • Coordinate with lease administration/analysis and development teams.
  • Other projects including participation in due diligence and financial analysis as it relates to acquisitions and dispositions.
  • Additional Accounting projects assisting the Corporate Controller including:
    • Corporate Bank Statement
    • Intercompany Receivable reconciliations
    • Managing Corporate Cash Receipts/ Misc. billing to managed properties

Any other accounting portfolio level project as assigned

  • Bachelor’s degree, preferably in Accounting or Finance.
  • 4+ years of real estate accounting experience.
  • Yardi or MRI or equivalent software proficiency. Experience with paperless AP systems is preferable.
  • Proficient with Microsoft Excel, Word, and Outlook.
  • Strong organizational ability with high attention to detail.
  • Must be an excellent communicator and be able to work closely with the accounting team and other S&A departments and a noted team player
  • Must be able to work independently while asking questions for assistance when appropriate
  • Intellectually curious with the desire to streamline accounting systems and implement best practices/procedures for maximum efficiency.

Commitment to Diversity Equity and Inclusion: 

We believe that diversity and inclusion among our teammates are critical to our success, and we seek to recruit, develop, and retain the most talented people from a diverse candidate pool.

We are committed to building a team that represents a variety of backgrounds, perspectives, and skills.