Property Accountant

Hudson Pacific Properties•Los Angeles, CA

1d•$38 - $43

About The Position

The Property Accountant oversees financial reporting and accounting activities for an assigned portfolio of properties. The role partners with property management teams to ensure financial information is accurate, timely, and prepared in accordance with Generally Accepted Accounting Principles. The Property Accountant develops an understanding of property operations and provides communication, financial insight, and accounting support to help property teams make informed business decisions.

Requirements

Minimum 2–3 years of general accounting experience.
Real estate experience.
A good understanding of accounting principles and processes.
Strong computer skills, including Microsoft Office and a high level of ability with Excel functions, shortcuts, and formulas.
Strong focus on customer interaction and satisfaction, with the ability to establish and maintain effective relationships with internal and external customers.
Strong written and verbal communication skills, including the ability to write memos and reports and interact with internal and external clients.
Strong organizational and research skills, attention to detail, accuracy, problem-solving, and decision-making ability.
Proactive approach to learning, workload completion, best practices, and communication.
Collaborative team-player approach.
Ability to learn quickly and take on a property portfolio with minimal supervision.

Nice To Haves

Bachelor’s degree in Finance, Accounting, or Business Administration preferred.
Desire to grow and develop professionally and personally.

Responsibilities

Prepare monthly financial statements, reports, and records by collecting, analyzing, and summarizing account information.
Research and answer Property Managers’ questions regarding tenant statements.
Review and approve tenant credit memos, non-recurring tenant billings, and questionable cash receipts for entry by the Accounts Receivable Accountant.
Prepare tenant account analyses and reconciliations when tenants dispute charges.
Review cash receipts, tenant billings, move-outs, and lease documentation substantiating business transactions.
Review accounts receivable aging for delinquencies, cash applications, and prepaid rent applications.
Process tenant refunds and deliver them to the Accounts Payable department.
Prepare Rent Statements and distribute them to the property management team to verify recurring and past-due charges for the following month.
Calculate and enter monthly contract item accruals, including janitorial, security, engineering, and utility expenses; match expenses to the period incurred and review the trial balance for reversal of entries in the next accounting period.
Work with the Project Accounting team to ensure depreciation and amortization of fixed assets, tenant improvements, and leasing commissions are recorded correctly.
Consult with property staff on general ledger coding for payables, tenant improvements, cash receipt applications, and budget variances.
Ensure appropriate reviews and approvals are completed before processing data into the accounting system.
Prepare balance sheet tie-outs to balance the general ledger and sub-ledgers.
Reconcile bank accounts to the general ledger.
Record and maintain straight-line adjustment schedules.
Assist with annual CAM reconciliations and the following years’ estimated CAM reconciliations.
Participate in monthly accounts receivable and variance meetings.
Perform miscellaneous duties as assigned.