Senior Commercial Portfolio Accountant

Billingsley Company

$75K — $95K *
Real Estate & Construction
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Accounting, Finance, or a related field.
  • 5+ years of accounting experience in commercial real estate and property accounting.
  • Direct experience with CAM reconciliations and lease accounting.
  • Solid understanding of GAAP as it pertains to real estate.
  • Proficient with real estate accounting software (Yardi, MRI) and advanced Excel capabilities.
  • Proven ability to meet deadlines while maintaining accuracy.
  • Experience working collaboratively with property management and lenders.

Responsibilities

  • Manage full-cycle accounting for a commercial property portfolio, covering month-end close and journal entries.
  • Prepare detailed monthly financial statements for ownership review, ensuring accuracy and clarity.
  • Conduct CAM and operating expense reconciliations and ensure tenant billing accuracy.
  • Interpret lease agreements for correct revenue recognition, including straight-line and percentage rents.
  • Collaborate with property management to develop annual budgets and updates.
  • Perform variance analysis and provide detailed explanations for financial discrepancies.
  • Assist with year-end audits and compliance reporting for lenders and tax returns.

Benefits

  • Direct access to ownership, promoting clear communication and agility in decision-making.
  • Opportunity to influence and improve accounting processes as the portfolio expands.
  • Growth potential within the role as the commercial real estate portfolio develops.
Full Job Description
OSITION SUMMARY

The Senior Commercial Portfolio Accountant owns full-cycle accounting for an assigned group of Billingsley's commercial assets - office, industrial, and retail. This is a hands-on role: preparing and reviewing financial statements, reconciling CAM and operating expense recoveries, supporting budgets and reforecasts, and making sure every number that reaches ownership or a lender is right the first time. The properties in this portfolio are held long-term and often financed with institutional debt, so the accuracy and defensibility of this reporting carries real weight.

WHAT YOU'LL OWN
• Full-cycle accounting for an assigned commercial portfolio, including journal entries, account reconciliations, and month-end close.
• Preparation of monthly financial statement packages - income statement, balance sheet, general ledger, and cash flow - for ownership review.
• CAM and operating expense reconciliations, including annual true-ups and tenant billing accuracy.
• Lease abstraction and interpretation to ensure correct revenue recognition, including straight-line rent, escalations, and percentage rent where applicable.
• Partnering with property management on annual operating budgets and periodic reforecasts.
• Variance analysis comparing actual performance to budget, with clear explanations for ownership and lenders.
• Supporting year-end audits, tax return preparation, and lender/debt compliance reporting.
• Maintaining accurate records for any joint venture or partnership-held assets in the portfolio, including distribution calculations.
• Identifying and recommending improvements to accounting processes and controls as the commercial portfolio grows.

WHAT YOU BRING
• Bachelor's degree in Accounting, Finance, or a related field.
• 5+ years of progressive accounting experience in commercial real estate and property accounting, with direct exposure to CAM reconciliations, lease accounting, and property-level financial reporting.
• Solid working knowledge of GAAP as applied to real estate.
• Experience with a real estate accounting platform (Yardi, MRI, or similar) and advanced Excel skills.
• A track record of hitting close deadlines without sacrificing accuracy.
• Comfort working directly with property management, ownership, auditors, and lenders - this role isn't back-office only.
• CPA is a plus, not a requirement.

WHY THIS ROLE

Billingsley is family-founded and still owner-operated, which means the accountant on this portfolio has a direct line to the people who actually own the buildings - not a layer of asset managers standing between the numbers and the decision-makers. The commercial portfolio is growing, and this role has room to grow with it.

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