Property Accountant

MCB Real Estate•Baltimore, MD

4d•Hybrid

About The Position

The Property Accountant is responsible for the accounting, financial reporting, and cash management activities for an assigned portfolio of commercial real estate assets. This role supports the monthly close process, preparation of financial statements, account reconciliations, and budgeting activities. The Property Accountant partners closely with Property Management, Asset Management, Lease Administration, Accounts Payable, and other internal stakeholders to ensure accurate financial reporting and strong financial controls across the portfolio. The ideal candidate is detail-oriented, motivated, and capable of managing multiple priorities in a fast-paced environment while continuously seeking opportunities for process improvement. This position is responsible for the full range of accounting processes and financial reporting for a portfolio of commercial and development real estate assets. The role partners directly with commercial property managers and asset managers.

Requirements

Bachelor’s degree in Accounting, Finance, or related field required
2-4 years of accounting experience; commercial real estate or property accounting experience preferred
Understanding of GAAP and general accounting principles
Experience with MRI or similar real estate accounting software preferred
Strong Microsoft Excel skills
Excellent analytical, organizational, and problem-solving skills
Ability to manage multiple priorities, meet deadlines, and work independently
Strong written and verbal communication skills

Responsibilities

Prepare monthly journal entries, accruals, and account reconciliations for assigned properties
Maintain property general ledgers and ensure the accuracy and completeness of financial information
Assist with the monthly, quarterly, and annual financial close process
Prepare monthly financial statements, supporting schedules, and variance analyses
Research and resolve accounting discrepancies and unusual account activity
Ensure transactions are recorded in accordance with GAAP and company accounting policies
Monitor property cash balances and assist with cash flow management activities
Prepare or review monthly bank reconciliations and investigate reconciling items
Review accounts payable activity to ensure proper coding, approvals, and expense recognition
Maintain accounting records related to fixed assets, prepaid expenses, accruals, escrows, and security deposits
Assist with tracking and monitoring accounts receivable balances and collection efforts
Assist in the preparation of annual operating budgets and periodic forecasts
Analyze operating results and provide explanations for budget-to-actual variances
Support Property Managers and Asset Managers with financial information and reporting requests
Prepare recurring and ad hoc financial analyses to support operational decision-making
Assist with financial onboarding and setup of newly acquired properties
Support accounting activities related to property acquisitions and dispositions
Prepare lender, ownership, and other recurring reporting packages as required
Assist with audit requests and the preparation of year-end financial support schedules
Communicate regularly with Property Managers, Asset Managers, Lease Administration, and other stakeholders regarding property financial activity
Identify opportunities to improve accounting processes, controls, and reporting efficiency
Participate in system enhancements, process improvement initiatives, and special projects
Support the training and development of offshore or third-party accounting resources, as applicable