Associate II, Sr. Property Accountant

Revantage•Dallas, TX

1d•$95,000 - $105,000•Hybrid

About The Position

The Senior Property Accountant is responsible for a portfolio of commercial retail and office assets, ensuring accurate general ledger accounting, financial reporting and adherence to internal controls and deadlines. This position will be based in Dallas, TX.

Requirements

Bachelor’s degree in accounting, a CPA certification is preferred
4 - 5 years of accounting experience; 2 years of commercial real estate accounting experience
Strong knowledge of US GAAP, real estate accounting principles, financial reporting standards, CAM billings, and regulatory compliance requirements in the commercial real estate industry
Proficient in accounting software systems and CAM modules, including Yardi
Desire to thrive and be successful in a fast-paced, deadline-driven, high-growth environment.
Exceptional financial acumen with meticulous attention to detail
Excellent analytical, quantitative, and problem-solving skills.
Strong ability to analyze processes and procedures and provide strategic recommendations for improvement
Excellent oral and written communication skills.
Proficient in Microsoft Excel.

Nice To Haves

Public Accounting experience

Responsibilities

Manage monthly, quarterly, and year-end closes for assigned properties, including journal entries, accruals, and reconciliations
Oversee and review property-level general ledgers, ensuring accurate posting of rental income, operating expenses, and capital expenditures
Monitor tenant ledger activity including billing, rent escalations, lease abstracts, tenant improvement allowances, and security deposit accounting
Ensure compliance with lease terms, property management agreements, and lender requirements
Review property general ledger detail, record adjusting journal entries, and prepare supporting schedules for GAAP-based financial statements
Review straight-line rent calculations
Prepare and review expense accruals
Review bank reconciliations
Review invoice coding
Prepare and review property level and consolidated variance analysis
Prepare and review property level and consolidated workpapers, including balance sheet reconciliations and roll forwards
Assist in Common Area Maintenance (CAM) process.
Prepare and review CAM pool setup in accounting software.
Prepare and review annual prepayment calculations and yearend settlement calculations to ensure timely and accurate calculations and adherence to lease.
Ensure all adjustments are billed timely and correctly per lease requirements.
Participate in CAM annual budget process.
Prepare and review property-level and consolidated financial statements and management reporting packages
Prepare and review property level and consolidated reporting to lenders, joint venture partners and portfolio companies
Prepare property-level cash flow forecasts
Review acquisition and disposition entries
Collaborate with asset management and operations teams to support budgeting, forecasting, and performance analysis
Function as a resource to onsite property teams as required coordinating procedures, responding to accounting questions and responding to client questions
Assist with annual budget preparation – compile key assumptions and capital budget information, review for reasonableness and ensure timely and accurate entry into the accounting system
Special projects as required
Train new property accountants and provide guidance throughout the year
Review journal entries, workpapers, variance analysis and reports prepared by property accountants
Gain a complete understanding of the internal accounting control requirements and ensure requirements are met
Maintain and strengthen internal controls to ensure adherence to company policies and regulatory requirements
Participate in external audits, coordinate and review auditor requests
Streamline accounting processes to improve accuracy, timeliness, and efficiency and champion a culture of continuous improvement
Create, modify and improve accounting workpapers