Property Accountant

NewMark Merrill Companies•Calabasas, CA

12d•Onsite

About The Position

This role is responsible for the full-cycle accounting and financial reporting of a portfolio of 8–10 retail properties, partnering closely with property management to ensure accurate reporting, timely financials, and effective day-to-day financial operations.

Requirements

Bachelor’s degree in Accounting.
3–5 years of property accounting experience, including CAM reconciliations.
Strong understanding of general ledger accounting and financial statement preparation.
Ability to manage multiple properties and deadlines in a fast-paced environment.
Strong Excel skills, including pivot tables and lookups.
Excellent verbal and written communication skills.
Collaborative, adaptable, and capable of performing well under pressure.

Nice To Haves

Experience with MRI or Yardi accounting software is preferred.
Experience in commercial or retail real estate accounting is preferred.

Responsibilities

Prepare timely and accurate monthly and annual financial statements for assigned properties.
Review general ledgers for all assigned properties to ensure accuracy of accounts receivable, accounts payable, and journal entries.
Prepare and review supporting schedules to ensure accuracy and completeness of monthly financial reporting.
Conduct balance sheet reconciliations and monthly bank reconciliations.
Analyze and prepare annual CAM reconciliations and respond to tenant inquiries and disputes related to CAM charges.
Review leases to ensure accurate tenant billing and make necessary adjustments.
Perform calculations for CPI and percentage rent.
Collaborate with property managers to support annual budgets and calculate CAM estimates for tenants.
Handle lender reserve draws for reimbursement related to tenant improvements, leasing commissions, and capital expenditures.
Serve as the primary accounting contact for assigned properties, working closely with property managers to ensure accurate financial reporting and issue resolution.