Lincoln Property Company

Property Accountant

Lincoln Property Company • $80K — $90K *
San Francisco, CA 94112In-Person
Real Estate & Construction
Less than 5 years of experience
Reposted 5 days ago
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Accounting preferred; CPA a plus, but not required
  • 2+ years of public accounting and/or commercial real estate accounting experience preferred
  • Strong analytical ability
  • Communication, presentation and interpersonal skills
  • Experience in MRI, Yardi, Skyline, JD Edwards, or CTI systems desired
  • Proficiency in Microsoft Excel
  • Knowledge of GAAP, specifically in real estate

Responsibilities

  • Manage general ledgers for assigned properties, including journal entries and bank reconciliations.
  • Analyze accounts payable and receivable to understand financial drivers in commercial real estate.
  • Prepare detailed monthly and quarterly property reporting packages with variance explanations.
  • Review annual expense reconciliations and tenant billings.
  • Prepare interim and year-end working papers for auditors.
  • Collaborate on draft financial statements and assist with audits.
  • Oversee annual property budget and quarterly forecasts, including lease and expense data analysis.

Benefits

  • Join one of the largest private real estate firms in the U.S.
  • Work with a fully integrated platform of real estate services across various asset types.
  • Gain experience and exposure across the full real estate lifecycle.
  • Opportunity to handle special projects for professional development.
  • Collaborate with a diverse team in a dynamic work environment.
Full Job Description
Responsible for providing timely and accurate reporting of the financial operations of assigned properties. This includes financial reporting, budgeting, forecasting and cash management

Responsibilities:
  • Responsible for the general ledgers for assigned properties, including monthly journal entries, income and expense accruals, expense recovery true-ups review, GAAP adjustments and bank reconciliations.
  • Understanding of accounts payable (AP), accounts receivable (AR), cash receipts and lease administration functions of commercial real estate and how they drive the financial results of assigned project.
  • Prepare monthly and quarterly reporting packages on the assigned portfolio of properties. The packages include analyses and support schedules of all balance sheet account and explanations of significant variances in income statement accounts.
  • Review annual expense reconciliation schedules and billings to tenants.
  • Prepare detailed interim and year-end working papers and support schedules requested by internal and external auditors.
  • Work with the external auditors and prepare the draft annual financial statements and notes.
  • Assist with audits in terms of research, analysis, documentation and response.
  • Responsible for the annual property budget and quarterly forecast review. This includes review of of the lease and expense data in the prescribed software to generate revenue, expense and capital budget/forecasts, and preparation of property GAAP adjustments.
  • Assist in preparation of the budget/forecast packages including detailed analysis of the revenue, expense and capital components.
  • Prepare monthly cash forecast
  • Assist Managers and Controllers with ad hoc requests.
  • Handle special projects, as assigned.

Desired Competency, Experience and Skills:
  • Communication, presentation and interpersonal skills
  • Strong analytical ability
  • Well-organized; self-starter, able to handle multiple priorities
  • 2+ years of public accounting and/or commercial real estate accounting experience preferred
  • Knowledge of GAAP (specifically, real estate)
  • Understanding of property management in relation to financial accounting, recoveries, budgeting and forecasting
  • Bachelor`s degree in Accounting preferred; CPA a plus, but not required
  • Experience in MRI, Yardi, Skyline, JD Edwards, CTI systems desired
  • Proficiency in PC-based software such as Microsoft Excel

#IND123

#ZIP

Pay Range

$80,000-$90,000 USD

About Lincoln Property Company

Lincoln Property Company is a real estate firm that specializes in property management, development, and acquisitions. The company was founded in 1965 by Mack Pogue and has since grown to become one of the largest privately held real estate companies in the world. Lincoln Property Company manages over 200 million square feet of commercial space and over 190,000 multifamily units across the United States. The company is headquartered in Dallas, Texas and has offices in over 30 cities throughout the United States. Lincoln Property Company is committed to providing exceptional service to its clients and creating value for its investors.
Learn more about Lincoln Property Company
Size
8,000 employees
Industry
Real Estate & Construction
* Ladders Estimates

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