Property Accountant

Lincoln Property • Arlington, VA

104d • $75,000 - $85,000

About The Position

Responsible for providing timely and accurate reporting of the financial operations of assigned properties. This includes financial reporting, budgeting, forecasting and cash management.

Requirements

• Communication, presentation and interpersonal skills.
• Strong analytical ability.
• Well-organized; self-starter, able to handle multiple priorities.
• 2+ years of public accounting and/or commercial real estate accounting experience preferred.
• Knowledge of GAAP (specifically, real estate).
• Understanding of property management in relation to financial accounting, recoveries, budgeting and forecasting.
• Bachelor's degree in Accounting preferred; CPA a plus, but not required.
• Experience in MRI, Yardi, Skyline, JD Edwards, CTI systems desired.
• Proficiency in PC-based software such as Microsoft Excel.

Responsibilities

• Responsible for the general ledgers for assigned properties, including monthly journal entries, income and expense accruals, expense recovery true-ups review, GAAP adjustments and bank reconciliations.
• Understanding of accounts payable (AP), accounts receivable (AR), cash receipts and lease administration functions of commercial real estate and how they drive the financial results of assigned project.
• Prepare monthly and quarterly reporting packages on the assigned portfolio of properties. The packages include analyses and support schedules of all balance sheet account and explanations of significant variances in income statement accounts.
• Review annual expense reconciliation schedules and billings to tenants.
• Prepare detailed interim and year-end working papers and support schedules requested by internal and external auditors.
• Work with the external auditors and prepare the draft annual financial statements and notes.
• Assist with audits in terms of research, analysis, documentation and response.
• Responsible for the annual property budget and quarterly forecast review. This includes review of the lease and expense data in the prescribed software to generate revenue, expense and capital budget/forecasts, and preparation of property GAAP adjustments.
• Assist in preparation of the budget/forecast packages including detailed analysis of the revenue, expense and capital components.
• Prepare monthly cash forecast.
• Assist Managers and Controllers with ad hoc requests.
• Handle special projects, as assigned.

What This Job Offers

• Industry: Real Estate
• Education Level: Bachelor's degree