Staff, Property Accountant

The RMR Group•Newton, MA

5d•$78,000 - $98,000•Onsite

About The Position

Perform accounting support functions for commercial real estate properties. This position requires close coordination with the Property Manager, Department Managers, Corporate Accounting, AR/AP, Lease Administration and the Systems Manager. The Property Accountant reports to the Accounting Manager, while accepting direction from the Senior Property Accountant.

Requirements

Bachelor’s degree in Accounting with 3.0 minimum GPA.
Basic understanding of general ledger activity, preference with Yardi application.
Proficiency with Excel and other MS applications.
2-4 years of accounting experience, two years within the commercial real estate industry. Alternatively, 2-4 years of public accounting experience with real estate clients.
Ability to work in a fast-paced environment, with the ability to multitask and meet deadlines.
Must be a team oriented, problem solver.
Strong communication skills, both verbal and written, are essential.
Ability to collaborate with internal and external teams.

Nice To Haves

CPA a plus.

Responsibilities

Maintain GAAP accrual general ledgers.
Prepare and process monthly journal entries. Produce monthly financials according to the established schedule and analyze results. Communicate concerns to the Accounting Manager.
Review income, expense, and in progress capital jobs for accurate coding, payment and necessary accruals. Resolve issues with the Property Manager or other departments as necessary.
Review new monthly leasing activity and work with the Lease Administration team and Accounting Manager to ensure proper revenue recognition.
Review lease documents and prepare summaries of material leasing activity, verifying dates and dollars and identifying potential lease liabilities.
Prepare monthly bank reconciliations.
Prepare and maintain quarterly workpapers as described in the standardized workpaper model.
Prepare quarterly and annual operating escalation reconciliations to ensure accuracy and completeness of revenue recognized. Review tenant leases to ensure accurate CAM billings.
Perform special projects as needed and provide support to the accounting and property management teams.
Attend weekly staff meetings and participate in reporting and other meetings as required by property management and or accounting.