Staff, Property Accountant

The RMR Group • Newton, MA

9h

About The Position

Perform accounting support functions for commercial real estate properties. The role requires close coordination 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.

Responsibilities include maintaining GAAP accrual general ledgers; preparing monthly journal entries and financials; analyzing results; reviewing income, expenses, capital jobs, and leasing activity; preparing reconciliations and workpapers; and supporting accounting and property management teams. The role also involves reviewing lease documents and tenant leases, identifying potential lease liabilities, and ensuring appropriate revenue recognition and CAM billings.

The estimated base compensation range is $70,000 to $90,000 per year. The RMR Group offers benefits to eligible employees who work at least 21 hours per week.

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

• Preference for experience with the Yardi application.
• CPA.

Responsibilities

• Maintain GAAP accrual general ledgers.
• Prepare and process monthly journal entries.
• Produce monthly financials according to the established schedule and analyze results.
• 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 coordinate with Lease Administration and the Accounting Manager to ensure proper revenue recognition.
• Review lease documents and prepare summaries of material leasing activity, verifying dates and dollars and identifying potential lease liabilities.
• Prepare monthly bank reconciliations.
• Prepare and maintain quarterly workpapers according to 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: Mid Level