Sr. Property Accountant

Granite•Plano, TX

12d•Onsite

About The Position

The Sr. Property Accountant performs general accounting and property accounting activities, including reviewing the general ledger, preparing financial statements, reconciling balance sheets and sub-ledgers, recording accruals, reviewing quarterly re-forecasts, and explaining monthly variances. The role maintains and reviews GAAP rent calculations, determines and records assets placed in service, calculates depreciation, and prepares monthly joint venture partner reporting packages and property funding requests and loan draws. The position also maintains purchase price allocation accounts and related derivatives, supports external audits and tax package preparation, processes billings and refunds, records and reconciles daily cash, and manages Expense Participation (EP) accounting for assigned properties. EP duties include entering customer information in JDE, preparing pre-bills and annual true-ups, budgeting and reforecasting by customer, reviewing leases and EP setups, and responding to accounting questions from management offices. The role sets up jobs and processes tenant improvement and capital pay applications in JDE's job cost module. The position requires consistently strong performance, sound judgment, adaptability, effective communication and collaboration, and the ability to manage multiple priorities and deadlines. It also requires regular, punctual office attendance and the ability to concentrate for extended periods. Minimal travel of up to 5% is required.

Requirements

Bachelor’s degree in accounting or finance; 18 hours of accounting coursework required.
3–5+ years of commercial real estate accounting experience, public accounting audit experience, or other commensurate experience.
Strong problem-solving, analytical, and communication skills.
Intermediate-level proficiency in Excel.
Ability to independently move throughout the office and consistently perform essential job functions.
Ability to lift and/or move up to 25 pounds.
Ability to manage multiple priorities and short timelines, communicate and collaborate effectively, adapt to changing circumstances, and maintain consistent, punctual office attendance.

Nice To Haves

CPA certification; highly preferred.
JDE experience preferred.
Prior GAAP experience preferred.

Responsibilities

Review the general ledger and prepare financial statements, balance sheet and sub-ledger reconciliations, accruals, quarterly re-forecast reviews, and monthly variance explanations.
Maintain and record GAAP rent calculations and perform monthly analytical reviews.
Determine monthly assets to place in service; enter assets into the JDE fixed asset module, calculate and record depreciation, and review depreciation for reasonableness.
Prepare accurate monthly detailed reporting packages for joint venture partners.
Prepare monthly funding requests and loan draws for applicable properties.
Maintain and analyze purchase price allocation accounts and related derivatives as required.
Respond to external auditor requests, prepare audit PBCs, and prepare audit financial statements, including the Balance Sheet, Income Statement, Statement of Equity, and Statement of Cash Flows.
Prepare supporting documents for annual tax packages.
Process manual billings, billing adjustments, and refunds, and maintain supplemental ledgers using the accounting operating system.
Record daily cash and perform daily cash reconciliations.
Enter Expense Participation information into JDE for customers on assigned properties; prepare pre-bills and annual true-ups, and budget and reforecast EP by customer.
Review leases for assigned properties and peer-review EP setups.
Research accounting issues and respond to questions from management offices in a timely manner.
Set up jobs and process tenant improvement and capital pay applications for assigned properties in the JDE job cost module.
Manage multiple priorities under changing circumstances and short timelines, and communicate and collaborate effectively with individuals and groups.
Follow company policies, applicable laws, and ethical standards.
Attend work consistently and arrive punctually at the office.
Travel up to 5% as required.