Property Accountant

Xpand • Winston-Salem, NC

3d

About The Position

This role is responsible for property accounting and the monthly close process. Key duties include completing monthly closes, account reconciliations, recording accruals, prepaids, debt service, and straight-line rent. The position involves maintaining Yardi rent roll, tenant ledgers, and security deposits, as well as billing recurring charges, escalations, and recoveries per lease terms. Additionally, the role requires preparing annual CAM, real estate tax, and insurance reconciliations, and accounting for capital projects, construction in progress, and depreciation. Setting up newly acquired properties in Yardi and QuickBooks is also a responsibility. The role also involves preparing monthly property financial statements, variance analysis, and cash forecasts, presenting results in monthly reviews, building annual budgets and quarterly reforecasts, and preparing lender reporting, covenant support, and escrow draw packages. Investor accounting duties include maintaining investor capital accounts, preparing quarterly preferred return, distribution, and profit share calculations, and calculating and invoicing various management fees.

Requirements

• Bachelor’s degree in Accounting or Finance
• 3 to 5 years of commercial real estate property accounting experience
• Multi-entity accounting, CAM reconciliations, and tenant recoveries
• Advanced Excel skills
• Clear communicator with strong attention to detail

Nice To Haves

• Partnership, joint venture, or fund accounting experience preferred
• Yardi and QuickBooks experience preferred
• CPA or progress toward CPA preferred

Responsibilities

• Complete the monthly close and account reconciliations for each property entity
• Record accruals, prepaids, debt service, and straight-line rent
• Maintain the Yardi rent roll, tenant ledgers, and security deposits
• Bill recurring charges, escalations, and recoveries per lease terms
• Prepare annual CAM, real estate tax, and insurance reconciliations
• Account for capital projects, construction in progress, and depreciation
• Set up newly acquired properties in Yardi and QuickBooks at closing
• Prepare monthly property financial statements, variance analysis, and cash forecasts
• Present results in monthly asset and property management reviews
• Build annual budgets and quarterly reforecasts in collaboration with property management
• Prepare lender reporting, covenant support, and escrow draw packages
• Maintain investor capital accounts, including TIC and joint venture interests
• Prepare quarterly preferred return, distribution, and profit share calculations
• Calculate and invoice property management, asset management, and EUM fees

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level