Property Accountant

Weston Associates Inc.•Warrensville Heights, OH

About The Position

The Property Accountant supports the financial management and reporting of the company’s real estate portfolio. The role maintains accurate property financial records, processes transactions, analyzes financial information, and collaborates with Property Accounting, Property Management, Finance, Asset Management, and other teams. It also supports budgets and forecasts, lease accounting, tenant expense recoveries, audit and regulatory compliance, and improvements to accounting processes and reporting.

Requirements

Bachelor’s degree in Accounting, Finance, or a related field.
2–4 years of experience in property accounting or similar financial roles.
Strong knowledge of accounting principles and practices.
Proficiency in financial reporting and analysis, with advanced Excel skills.
Detail-oriented with exceptional organizational skills.
Effective communication and interpersonal skills.
Ability to collaborate in a team environment and adapt to shifting priorities.
Strong problem-solving skills and a proactive approach to tasks.
Ability to travel as needed, including occasional visits to properties or meetings with external stakeholders.
Ability to talk and hear regularly, move about the office, and lift, carry, or push/pull up to 15 pounds.

Nice To Haves

Familiarity with Spreadsheet Server.

Responsibilities

Maintain current financial records for the property portfolio, including recording transactions, processing invoices, and reconciling accounts.
Assist with preparing income statements, balance sheets, cash flow statements, and other financial reports; analyze variances and provide insights.
Monitor property-related expenses, including utilities, maintenance, and repairs, and ensure correct allocation and adherence to budgets.
Support lease accounting by tracking lease terms, rent payments, and maintenance obligations.
Assist with property budgets and forecasts in partnership with Property Management and Finance, and monitor actual results against budget expectations.
Perform monthly bank and account reconciliations, investigate discrepancies, and resolve inconsistencies.
Prepare annual CAM reconciliations and other tenant expense recoveries based on lease terms and property expenses.
Monitor property-level check runs by bank account, submit funding requests, and approve payments for final processing.
Collaborate with Property Managers, Asset Managers, and other departments to gather financial data and provide support.
Ensure compliance with accounting standards, company policies, and regulatory requirements; support audits and respond to auditor inquiries.
Assess and improve property accounting processes, workflows, efficiency, accuracy, and data quality.
Use property management and accounting software to process transactions, maintain records, and enhance reporting capabilities.
Communicate financial information clearly to financial and non-financial stakeholders and help explain financial results and trends.