Bachelor's degree in Accounting, Business Administration, Finance, or related field
Experience in commercial property accounting is a plus
Familiarity with Yardi Voyager and AvidXchange is advantageous
Advanced Excel skills preferred
Strong organizational skills and attention to detail
Motivated, results-driven, and possesses a strong work ethic
Ability to exercise discretion and independent judgment
Responsibilities
Take ownership of general ledgers and financial reporting for a portfolio of properties
Reconcile monthly general ledger accounts with sub-ledgers and support schedules
Collaborate with departments like Asset Management and Property Management
Manage daily cash functions including accounts payable/receivable and bank reconciliations
Assist in preparing budgets and analyzing variances against actuals
Handle accounting for acquisitions and sales processes
Coordinate annual CAM reconciliations for properties
Benefits
Medical, Dental, Vision, Long Term Disability, Pet and Life Insurance
Paid Time Off
401k Plan with Match
Professional Development Resources
Full Job Description
Located in our Newport Beach office, the Associate, Property Accounting will play an integral role in the company. Reporting directly to the Manager, Property Accounting, this position will be responsible for providing accurate and timely financial reporting for the applicable portfolio of properties at all levels, including managing relationships with lenders, owners and internal departments.
This role is 100% in-office due to the collaborative nature of our organization.
Essential Functions:
Take full ownership of portfolio of properties' general ledgers and reporting.
Reconcile monthly general ledger accounts to sub-ledger/ support schedules.
Work closely with various departments such as Asset Management, Property Management, Fund Accounting, Compliance, Corporate, etc.
Daily cash management, including accounts payable/receivable functions, vendor payments, expense reimbursements, cash collections, cash deposits, monthly bank reconciliations and bank wire transfers.
Assist in the preparation of budgets and cash flow projections with the ability to analyze information and compare actuals to budgets and assist with variance explanations.
Perform acquisition and sales processes for accounting, such as prorations, closing statement entries, initial rent collection reconciliations, close out entries and various other tasks.
Coordinate and review CAM reconciliations annually for active properties and prior to sales.
Assist with monthly loan draws (which may include collecting relevant invoices, lien waivers, reviewing/updating draw schedules, and following up with funding).
Manage and review property reconciliations and related reports for monthly, quarterly and annual closing packages.
Ensure appropriate accounting entries are booked timely and accurately in the systems.
Track and ensure compliance with deadlines for all relevant duties.
Assist with departmental policies and procedures including annual reviews and periodic updates, as necessary.
Perform ad hoc projects, as needed.
Assist with annual audit process.
Other tasks as assigned
The Qualifiers:
Bachelor's degree in Accounting, Business Administration, Finance or related degree
Commercial property accounting experience a plus
Yardi Voyager and AvidXchange experience a plus
Advanced Excel capabilities a plus
Strong organizational skills with a keen attention to detail
Motivated and results-driven with strong work ethic
Exercise discretion and independent judgement
The Perks:
Competitive Pay
Medical, Dental, Vision, Long Term Disability, Pet and Life Insurance
