Commercial Property Accountant

Urban Investment Partners • Washington, DC

136d • $80,000 - $95,000

About The Position

The UIP Companies, Inc. (UIP) is a vertically integrated real estate investment, development, asset and property management, and general contracting firm specializing in multi-family, mixed-use, retail, and light industrial properties predominantly in the Washington, DC metropolitan area, including assets in DC and its close-in suburbs, Hyattsville, MD, and Arlington, VA. Since 2001, UIP has provided quality housing that satisfies the most discerning residents and investors. The Commercial Property Accountant is responsible for all financial and analytical procedures for a group of assigned commercial properties, working closely with the Commercial Property Manager on performance, variances, and reconciliations.

Requirements

• BA/BS in Accounting or Finance with 3+ years of commercial real estate accounting experience with preference in accounting management and/or controller role.
• Previous experience in a development and construction environment is highly desired.
• A thorough knowledge of GAAP is required.
• Strong communication and interpersonal skills, both verbal and written.
• Exemplary problem-solving and analytic skills.
• A strong sense of accountability and thrives in a collaborative environment.
• Excellent organizational and prioritization skills with a keen sense of urgency, works well under pressure, and consistently meets deadlines.
• Advanced Microsoft Office skills, particularly Word and Excel.

Nice To Haves

• Knowledge of Yardi software is highly desirable.
• CPA or CMA certification is preferred but not required.

Responsibilities

• Prepare and maintain accurate financial statements, including income statements, balance sheets, and cash flow statements in an audit ready format.
• Preparation of timely and accurate monthly, quarterly, and annual financial reporting.
• Review Bank Reconciliations and Intercompany tie outs.
• Prepare General Ledger Posting, Recurring, and Reclass Entries.
• Prepare appropriate Workpapers and Roll forwards for All Balance Sheet Accounts.
• Track closing calendar and checklist on a monthly schedule.
• Variance reporting current vs prior and actual vs budget review.
• Oversee rent collection processes and ensure timely collection of rent and other property-related income.
• Maintain accurate tenant ledgers, including rent payments, security deposits, and other charges.
• Work with Commercial Property Manager to follow-up on tenant inquiries and disputes related to financial matters.
• Review balance sheet related Accounts Payable ensuring timely payment of bills and expenses.
• Follow up with Commercial Property Manager on outstanding AP and AR balances.
• Monitor and report daily cash balances.
• Ensure priority expenditures are processed i.e., mortgage, tax, utilities.
• Review and analyze lease and loan agreements for financial implications.
• Ensure accurate lease accounting and revenue recognition.
• Collaborate with Commercial Property Manager to provide financial insights and decision-making support.
• Prepare annual audit packages for all assigned properties to assist with audits, reviews, compilations, and tax return preparation.
• Liaise with external CPA firm on matters related to the annual audits and tax returns.
• Lead acquisition and disposition accounting activities.

Benefits

• Performance-based bonuses
• Comprehensive health, dental, and vision insurance
• 401k with company match
• Paid time off and 12 paid company holidays
• Professional development and career growth opportunities

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Real Estate
• Education Level: Bachelor's degree