Sr. Property Accountant

Granite Properties•Plano, TX

About The Position

The Sr. Property Accountant performs general accounting and property accounting duties, including general ledger review, financial statement preparation, balance sheet and sub-ledger reconciliations, accruals, quarterly re-forecast review, and monthly variance explanations. The role maintains and verifies GAAP rent calculations and conducts monthly analytical reviews. It also manages fixed-asset activity, including placing assets in service, recording them in the JDE fixed-asset module, calculating depreciation, and reviewing results for reasonableness. The position prepares monthly joint-venture partner reporting packages, property funding requests and loan draws, and supports purchase price allocation accounts and related derivatives. It assists with audits by responding to auditor requests, preparing PBC materials and audit financial statements, and prepares supporting documentation for annual tax packages. Other duties include processing manual billings and adjustments, refunds, maintaining supplemental ledgers, recording and reconciling daily cash, and managing expense participation information, pre-bills, true-ups, budgets, and reforecasts for assigned properties. The accountant reviews leases, peer-reviews expense participation setups, responds to accounting questions from management offices, and sets up jobs and processes pay applications for tenant improvements and capital projects. The role requires consistent, high-quality performance; the ability to manage competing priorities and changing circumstances; effective communication and collaboration; ethical conduct and compliance with company policies and applicable laws; sustained concentration; and reliable, punctual office attendance. Minimal travel of up to 5% is required. Duties may change as needed. Granite is an Equal Opportunity Employer committed to diversity and inclusion.

Requirements

Bachelor’s degree in accounting or finance is required, including 18 hours of accounting coursework.
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 continuously perform essential job functions.
Ability to lift and/or move up to 25 pounds.

Nice To Haves

CPA is highly preferred.
JDE experience is preferred.
Prior GAAP experience is 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 assets to place in service, enter assets in 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 (PPA) accounts and related derivatives as required.
Respond to outside auditor requests, prepare audit PBCs, and prepare audit financial statements, including 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 in JDE for customers at assigned properties and prepare pre-bills, annual true-ups, budgets, and reforecasts by customer.
Review leases for assigned properties and peer-review expense participation setups.
Research accounting issues and respond to management offices’ accounting questions when needed.
Set up jobs and process pay applications for tenant improvement and capital work at assigned properties in the JDE job cost module.
Manage multiple priorities, communicate and collaborate effectively, comply with policies and applicable laws, and attend work punctually.
Travel up to 5% as required.