Senior Property Accountant

Newmark•Memphis, TN

3d•Onsite

About The Position

This role is responsible for completing full-cycle accounting for a portfolio of commercial real estate properties. The Senior Property Accountant will prepare daily, monthly, quarterly, and annual financial/accounting activities and all financial statements and reporting. A high level of customer service is expected for property managers and clients. This position will contribute to the development of new process improvements and may train new employees, leveraging advanced accounting skills. The role involves close collaboration with the Controller/Assistant Controller on day-to-day functions, mentoring newer accounting team members, and potentially reviewing reports prepared by other property accountants for accuracy and completeness. Responsibilities may include assisting property managers with budget preparation, CAM reconciliations, or calculating and posting monthly/quarterly CAM true-up entries. The Senior Property Accountant will also assist with client audits by providing requested documents and answering questions, and provide internal audit samples for SOC1 audits. Coordination of accounting matters with other departments, locations, and divisions is required. The role partners with property managers to ensure accurate and timely financial delivery, impacting client satisfaction. Key duties include ensuring accurate recording of all expenses, receipts, distributions, funding requests, and other accounting transactions, and reviewing/auditing financial information for compliance with procedures and accounting principles. The position will respond to and resolve issues and requests from property management teams and clients, research open accounting issues, and implement solutions for potential issues or conflicts. Participation in budget and forecasting functions for the assigned property portfolio and accounting consulting assignments for clients, including property on-boarding and transitions, may also be required.

Requirements

Bachelor’s degree required, preferably in accounting or equivalent experience.
Minimum of 3-5 years of previous accounting experience.
Proficient in Microsoft Office Suite applications, including Microsoft Excel and Outlook.
Experience with a computerized ERP system required.
Experience with full-cycle accounting and the preparation of financial statement packages.
Effective interpersonal, verbal and written communication skills.
Understanding of Generally Accepted Accounting Principles (GAAP) and Financial Accounting Standards Board (FASB) regulations.
Works effectively in a team environment through collaboration and partnership.
Customer service oriented with an aspiration to succeed with the client in mind.
Ability to analyze and problem solve effectively by offering solutions to resolve issues.
Ability to read and understand complex documents such as lease agreements and property management agreements.

Nice To Haves

Experience with Yardi or MRI system a plus.

Responsibilities

Complete full-cycle accounting for a portfolio of commercial real estate properties.
Prepare daily, monthly, quarterly, and annual financial/accounting activities and all financial statements and reporting.
Provide a high level of customer service to property managers and clients.
Develop new process improvements and train new employees as needed.
Work closely with Controller/Assistant Controller on day-to-day functions.
Mentor and develop newer accounting team members.
Review reports prepared by other property accountants to ensure accuracy and completeness.
Assist property managers with budget preparation.
Assist property managers with CAM reconciliations or be responsible for completing the CAM reconciliations or calculating and posting monthly/quarterly CAM true-up entries.
Assist with client audits by providing requested documents and answering questions.
Provide internal audit samples for SOC1 audit.
Coordinate accounting matters with other departments, locations and divisions.
Partner with property managers to ensure financials are accurate and delivered timely.
Ensure all expenses, receipts, distributions, funding requests, and other accounting transactions for the period are accurately recorded.
Review and audit financial information to ensure compliance with established procedures and accounting principles.
Respond to and resolve issues and requests from property management teams and clients.
Research open accounting issues and recognize potential issues and/or conflicts and implement solutions.
Participate in budget and forecasting functions for assigned property portfolio.
Participate in accounting consulting assignments for clients and assist in the on-boarding and transition of properties.
Perform other duties as assigned.