Job Description
The Candidate and Expectations
Core Property Capital is seeking to hire a full-time Property Accountant to join their Atlanta team and focus on property accounting & finance responsibilities for a real estate private equity fund and various other investment vehicles. The opportunity exists for this individual to get great exposure into the real estate industry and build a long-term career with a dynamic, growing, reputable real estate group. Applicants for this position will be self-motivated individuals with a high degree of initiative and professionalism.
The Property Accountant is expected to: - Handle full-cycle accounting for a real estate portfolio including income producing and development properties with limited supervision
- To provide accurate and timely financial information as required internally by management and externally by investors and other parties
- Have full involvement, responsibility, and accountability for their portfolio, which includes all monthly, quarterly, annual, and other duties as detailed in the job responsibilities
- Complete all job functions relating to assigned properties accurately, efficiently, and by the assigned deadlines
- Utilize and develop skills such as problem solving, decision-making, time management and effective communication to achieve the desired results
Job Responsibilities
The Property Accountant will report directly to the Chief Financial Officer and Controller and will be responsible for the following:
Monthly
- Reconciliation and understanding of all balance sheet accounts and produce monthly financial statements and supplementary reporting as required
- Preparing monthly financial statements for third-party owners and meeting reporting deadlines
- Maintaining detailed balance sheet and income statement support schedules
- Utilize budgets and other tools to analyze variances and reconcile payments applied against major contract values
- Analyzing monthly accruals versus budget and providing detailed variance explanations
- Monitor cash positions and anticipate future cash deficiencies
- Monthly bank reconciliations including follow up and correction of outstanding items
- Reconciling lockbox and operating bank accounts
- Reconciling lender-controlled escrow accounts
- Forwarding real estate tax and insurance invoices to lenders for payment from escrow accounts
- Calculating monthly management fees
- Monitor and review monthly receivables for accuracy, adjustments, and/or corrections
- Ensure all tenant administration duties are processed per documentation as required
- Supply tenant analysis and statements of account as required
- Monitor and review accounts payable coding for accuracy
- Approving invoices through Yardi Workflow
Annually
- Responsible for completing accounting portion of assigned property budgets, annual business plan within assigned deadlines
- Assisting Property Managers with annual budget preparation
- Follow up on status of budgets throughout the draft, revised, and final stages to ensure completion within the assigned deadlines
- Assist in the preparation of supporting working papers and documentations for year-end audit process and tax filing process
- Working directly with third-party auditors during year-end audits
Other Duties
- Property sales– assist with final operating statements, funds distribution, closing of bank accounts, and any other relevant closing duties
- Full understanding of all property specific processes and upkeep of pertinent information relating to specific properties
- Input / feedback for improving procedures and initiating quality and efficiency enhancements
- Efficient and effective communication, in a professional manner, with all CPC employees
Qualifications\Requirements
- Minimum 4-5 years accounting experience; minimum 2-3 years commercial/retail property accounting experience required
- Relationship Skills: ability to communicate effectively, both oral and written; ability to develop and sustain cooperative working relationships; team player
- Organizational/Multi-Tasking: ability to allocate one’s time effectively, work under pressure, and meet tight deadlines; ability to handle multiple demands and competing priorities; ability to prioritize workload; ability to work at a detailed level; willingness to learn in a dynamic environment that includes new ideas and change
- Computer Skills: intermediate to advanced skills in MS Office Suite; advanced Yardi Voyager
- Able to interact confidently
- Ambitious, self-motivated and thrive in a highly professional environment with strong process and internal control
Job Tags
Full time, Contract work