Senior Property Accountant

MCB Real Estate • Baltimore, MD

5d • Hybrid

About The Position

The Senior Property Accountant is responsible for overseeing the accounting, financial reporting, and cash management activities for an assigned portfolio of commercial real estate assets. This role is responsible for the timely and accurate completion of monthly financial reporting, account reconciliations, budgeting support, variance analysis, and operational accounting functions across the portfolio. The Senior Property Accountant serves as a key partner to Property Management, Asset Management, Lease Administration, and other internal stakeholders, providing financial insight, ensuring strong internal controls, and supporting informed business decision-making. The ideal candidate possesses strong commercial real estate accounting experience, a collaborative mindset, and the ability to independently manage multiple priorities in a fast-paced environment while driving process improvements and operational efficiencies. This position is responsible for the full range of accounting processes and financial reporting for a portfolio of commercial, development, and residential real estate assets. This role will partner directly with property managers, asset managers, and third-party management companies.

Requirements

• Bachelor’s degree in Accounting, Finance, or related field required
• 5-8 years of accounting experience, with commercial real estate or property accounting experience strongly preferred
• Strong understanding of GAAP and financial reporting principles
• Experience with MRI or similar real estate accounting software preferred
• Advanced Microsoft Excel skills required
• Demonstrated ability to independently manage a property portfolio and meet multiple reporting deadlines
• Experience reviewing the work of others and providing training or mentorship preferred
• Strong analytical, organizational, and problem-solving skills
• Excellent written and verbal communication skills with the ability to interact effectively across all levels of the organization

Responsibilities

• Prepare and review monthly journal entries, accruals, and account reconciliations for assigned properties
• Maintain responsibility for the accuracy and integrity of property general ledgers and financial records
• Lead the monthly, quarterly, and annual financial close processes for an assigned portfolio
• Prepare and review monthly financial statements, supporting schedules, variance analyses, and management reporting packages
• Research, analyze, and resolve accounting discrepancies, unusual account activity, and complex accounting issues
• Ensure transactions are recorded in accordance with GAAP and company accounting policies and procedures
• Review and analyze operating results and communicate key financial trends and risks to management
• Monitor property cash balances and support cash management and forecasting activities
• Review monthly bank reconciliations and ensure timely resolution of reconciling items
• Review accounts payable activity to ensure appropriate coding, approvals, and expense recognition
• Maintain oversight of accounting records related to fixed assets, prepaid expenses, accruals, escrows, reserves, and security deposits
• Monitor accounts receivable balances, collection activity, and aging trends in coordination with Property Management teams
• Evaluate and recommend improvements to accounting workflows and internal controls
• Analyze budget-to-actual results and prepare detailed variance explanations for management and ownership reporting
• Partner with Property Managers and Asset Managers to provide financial analysis and operational support
• Prepare recurring and ad hoc financial analyses to support asset performance and strategic decision-making
• Assist management in identifying operational risks and opportunities through financial reporting and analysis
• Lead financial onboarding activities for newly acquired properties, including account setup, balance sheet review, and integration into existing reporting processes
• Support accounting activities related to property acquisitions, dispositions, refinancing transactions, and ownership transfers
• Prepare and review lender, ownership, investor, and other recurring financial reporting packages
• Coordinate audit requests and prepare year-end support schedules and workpapers
• Assist with property-level audits, tax reporting support, and other compliance-related requirements
• Serve as a primary accounting contact for Property Managers, Asset Managers, Lease Administration, and other stakeholders regarding property financial activity
• Provide guidance, training, and mentorship to Property Accountants, offshore resources, and third-party accounting teams, as applicable
• Review work prepared by junior accounting staff and provide constructive feedback to ensure accuracy and consistency
• Identify opportunities to improve accounting processes, controls, reporting quality, and operational efficiency
• Participate in system implementations, enhancements, process improvement initiatives, and other special projects
• Support the development and maintenance of standardized accounting policies and procedures across the portfolio

What This Job Offers

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