
Senior Property Accountant
4 days ago
About the Opportunity:
We are seeking an accomplished Accounting Manager to lead our property-level accounting functions. This role will be responsible for overseeing a portfolio of commercial properties, ensuring compliance with lender, tax, and investor requirements.
The ideal candidate will have 5-8 years of experience in property accounting, preferably in commercial real estate. They should be proficient in fair value GAAP, tax accounting, and IFRS. Experience with TRS (Taxable REIT Subsidiaries) is a plus.
Key Responsibilities:
- Oversee property-level accounting functions
- Review and approve 3rd party property accounting for consistency and accuracy
- Maintain rent rolls and lease maintenance
- Manage cash flow and perform weekly check fundings
- Prepare financial reports and annual budgets
- Perform tax basis amortization and depreciation calculations
- Provide support to 3rd party MRI users
- Review and approve operating and tax escalations
- Conduct quarterly and annual reconciliations
- Manage Loan Compliance and mortgage payments
- Lender reporting including debt service coverage ratio calculations
Skill & Experience:
- 5-8 years of property accounting experience
- Commercial real estate experience preferred
- Fair value GAAP, tax accounting, and IFRS proficiency
- TRS (Taxable REIT Subsidiaries) experience a plus
- Tenant recoveries (CAM) understanding
- Waterfall calculations experience
- Year-end audit preparation
- Loan compliance experience
- Ability to work independently and communicate effectively
- Detail-oriented and multitasking ability
- Proficiency in financial software systems applications
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