Job Description
Property Accountant – Real Estate
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Position Overview
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We are seeking a detail-oriented Property Accountant to join our team and support the accounting operations of a real estate portfolio. This individual will be responsible for property-level accounting, monthly financial reporting, account reconciliations, and month-end close activities. The ideal candidate has experience in commercial real estate or property management and a strong understanding of general ledger accounting and financial reporting.
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Key Responsibilities
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- Manage day-to-day accounting activities for a portfolio of commercial real estate properties.
- Prepare and post journal entries, accruals, prepaids, and other month-end adjustments.
- Perform monthly bank reconciliations, balance sheet reconciliations, and general ledger reviews.
- Prepare monthly financial statements and property-level reporting packages.
- Monitor property income and expenses, investigate variances, and ensure accurate financial reporting.
- Review accounts payable invoices for proper coding, approval, and allocation to the appropriate properties.
- Assist with accounts receivable activities, including tenant billings, rent payments, and outstanding balances.
- Track capital expenditures, fixed assets, and property improvement projects.
- Assist with CAM reconciliations, tenant recoveries, and operating expense allocations, as applicable.
- Support budgeting and forecasting activities by providing property-level financial information.
- Coordinate with property managers, asset managers, and internal accounting teams to resolve discrepancies and address financial questions.
- Assist with annual audits, tax preparation requests, and other financial reporting requirements.
- Maintain accurate accounting records and ensure compliance with GAAP and internal controls.
- Identify opportunities to improve accounting processes and streamline reporting procedures.
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Qualifications
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- Bachelor’s degree in Accounting, Finance, or a related field.
- 2–5+ years of accounting experience, preferably within commercial real estate or property management.
- Strong understanding of general ledger accounting, account reconciliations, and month-end close.
- Experience with property-level financial reporting and operating expense management.
- Proficiency in Microsoft Excel and accounting software.
- Experience with Yardi, MRI, or similar real estate accounting systems is a plus.
- Strong analytical, organizational, and problem-solving skills.
- Ability to manage multiple properties, prioritize deadlines, and work collaboratively with cross-functional teams.
- Excellent written and verbal communication skills.
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Preferred Experience
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- Experience with commercial real estate portfolios, including office, retail, industrial, or multifamily properties.
- Familiarity with CAM reconciliations, tenant recoveries, lease-related accounting, and capital expenditures.
- Exposure to budgeting, forecasting, and property-level financial analysis.
- CPA or progress toward CPA certification is a plus.
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Ideal Candidate
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A motivated accounting professional with a strong attention to detail and an interest in real estate. The ideal candidate can manage property-level accounting responsibilities independently, communicate effectively with property management teams, and ensure accurate and timely financial reporting across the portfolio.