We are seeking an experienced Senior Property Accountant to oversee financial accounting and reporting for a portfolio of commercial real estate properties. This position is responsible for maintaining accurate financial records, managing monthly close activities, and providing financial information that supports property operations and business decisions.
The ideal candidate has a strong background in commercial property accounting, understands lease administration and operating expense recoveries, and is comfortable working directly with property management teams.
Key Responsibilities
Property Accounting & Financial Reporting
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Manage general ledger accounting for an assigned portfolio of commercial properties.
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Lead monthly close activities, including journal entries, accruals, account reconciliations, and financial statement preparation.
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Prepare monthly and quarterly financial reports, including budget-to-actual comparisons and cash flow analysis.
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Research account discrepancies and resolve financial reporting issues.
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Maintain accounting records in compliance with GAAP and internal policies.
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Assist with financial reporting requirements for ownership, lenders, and management.
Lease Administration & Tenant Accounting
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Review commercial leases and maintain accurate tenant accounting records in Yardi Voyager.
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Manage recurring rent charges, lease adjustments, escalations, and tenant receivables.
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Monitor outstanding balances and coordinate collection efforts with property management.
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Prepare annual common area maintenance (CAM) reconciliations and calculate tenant expense recoveries.
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Maintain supporting documentation for tenant charges and operating expense allocations.
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Assist with resolving tenant billing questions and discrepancies.
Cash Management & Account Reconciliation
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Reconcile bank accounts, tenant deposits, receivables, and other balance sheet accounts.
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Monitor property-level cash activity and investigate discrepancies.
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Maintain accurate records of prepaid expenses, accrued liabilities, and intercompany transactions.
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Ensure financial transactions are properly classified and supported.
Budgeting & Property Operations
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Work with property management teams to review financial performance and identify significant variances.
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Support annual property budgets, forecasts, and operating plans.
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Provide financial analysis to assist with property-level decisions.
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Track capital project expenditures and coordinate with construction accounting personnel to ensure proper expense classification.
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Assist with financial documentation and reporting related to property improvements.
Audit Support & Process Improvement
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Prepare schedules and supporting documentation for annual audits and tax reporting.
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Assist with internal accounting reviews and compliance requirements.
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Identify opportunities to streamline accounting procedures and improve reporting accuracy.
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Support improved utilization of Yardi Voyager and other accounting tools.
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Help develop consistent accounting practices across the property portfolio.
Qualifications
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Bachelor’s degree in Accounting, Finance, or a related field preferred.
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4–7 years of accounting experience within commercial real estate.
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Strong knowledge of GAAP and commercial property accounting practices.
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Experience with commercial lease accounting, tenant billing, and CAM reconciliations.
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Proficiency with Yardi Voyager required.
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Advanced Microsoft Excel skills.
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Experience preparing financial statements, account reconciliations, and budget variance reports.
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Strong analytical skills with the ability to identify and resolve accounting discrepancies.
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Ability to manage multiple properties and meet recurring reporting deadlines.
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Effective communication skills and experience collaborating with property management and operations teams.
Ideal Candidate
The successful candidate will be comfortable taking ownership of the accounting function for multiple commercial properties while maintaining a high level of accuracy and organization. This individual should understand how property-level financial activity connects to overall asset performance and be able to communicate financial information effectively to non-accounting colleagues.
