Staff, Property Accountant

The RMR Group • Newton, MA

1d • $70,000 - $90,000

About The Position

Perform accounting support functions for commercial real estate properties. The role coordinates closely with the Property Manager, Department Managers, Corporate Accounting, AR/AP, Lease Administration, and the Systems Manager. The Property Accountant reports to the Accounting Manager and accepts direction from the Senior Property Accountant.

Requirements

• Bachelor’s degree in Accounting with a minimum 3.0 GPA.
• Basic understanding of general ledger activity.
• Proficiency with Excel and other Microsoft applications.
• 2–4 years of accounting experience, including two years in the commercial real estate industry; alternatively, 2–4 years of public accounting experience with real estate clients.
• Ability to work in a fast-paced environment, multitask, and meet deadlines.
• Team-oriented problem solver.
• Strong verbal and written communication skills.
• Ability to collaborate with internal and external teams.

Nice To Haves

• Experience with the Yardi application is preferred.
• CPA is a plus.

Responsibilities

• Maintain GAAP accrual general ledgers.
• Prepare and process monthly journal entries; produce monthly financials according to the established schedule, analyze results, and communicate concerns to the Accounting Manager.
• Review income, expenses, and in-progress capital jobs for accurate coding, payment, and necessary accruals; resolve issues with the Property Manager or other departments as needed.
• Review new monthly leasing activity and work with Lease Administration and the Accounting Manager to ensure proper revenue recognition.
• Review lease documents and prepare summaries of material leasing activity, verify dates and dollars, and identify potential lease liabilities.
• Prepare monthly bank reconciliations.
• Prepare and maintain quarterly workpapers using the standardized workpaper model.
• Prepare quarterly and annual operating escalation reconciliations to ensure accuracy and completeness of revenue recognized; review tenant leases to ensure accurate CAM billings.
• Perform special projects and provide support to accounting and property management teams.
• Attend weekly staff meetings and participate in reporting and other meetings as required by property management or accounting.

Benefits

• Health insurance
• Dental insurance
• Vision insurance
• Life and disability insurance
• Health Savings Account (HSA) and Flexible Spending Plans (FSA)
• 401(k) plan with employer match
• Holidays, vacation, and sick time
• Parental leave
• Tuition assistance
• Matching Gift Program
• Voluntary employee-paid benefits, including critical illness and accident insurance, identity theft protection, and pet insurance

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level