Senior Property Accountant

Thalhimer•Short Pump, VA

About The Position

The Senior Property Accountant maintains financial statements for commercial and multifamily real estate properties. The role prepares monthly financial statements and supporting schedules, performs reconciliations and journal entries, monitors cash flow, and supports owners with audit, tax, and distribution planning. It also assists with onboarding new properties, supports and trains accounting team members, and contributes to special projects. The position collaborates with accounting and property management teams and responds to information requests from owners and asset managers.

Requirements

Bachelor of Science degree in Accounting.
At least five years of work-related experience.
Accounting experience with financial statement reporting, bank reconciliations, and journal entries.
GAAP reporting experience.
Advanced Excel skills.
Financial planning experience.
Real estate experience.

Nice To Haves

CPA.
MRI or Yardi experience.

Responsibilities

Prepare monthly financial statements and supporting schedules.
Apply a practical understanding of accounting principles.
Perform monthly bank reconciliations, research and resolve reconciling items, including reconciliations for master accounts.
Reconcile mortgage escrow accounts and balance sheet accounts.
Prepare journal entries, including accruals, depreciation, and amortization.
Record transactions from closing statements.
Calculate distributions to owners.
Monitor cash flow and accounts payable.
Validate or calculate monthly management fees.
Assist owners with year-end audit and tax reporting.
Develop and update short- and long-term cash forecasts to assess available liquidity and support owner distribution planning.
Assist with onboarding new properties, record activity from the prior manager, and monitor utility, mortgage, and other sensitive vendors.
Complete special projects.
Train and support accounting team members.
Collaborate with accounting and property management teams and address information questions and requests from owners and asset managers.
Make recommendations for continuous improvement and work independently toward results.