Minimum of two years financial accounting and reporting experience
Prior work experience with a public accounting firm required
Real estate accounting experience preferred
Familiarity with GAAP is essential
Experience with Yardi or equivalent ERP system is a plus
Strong interpersonal and attention to detail skills are necessary
Responsibilities
Prepare all monthly accounting entries for assigned properties including revenue and operating expenses
Analyze and prepare financial reports for lenders and investors
Collaborate with property management on tenant and lease related tasks
Review and approve invoices using paperless processing system
Process monthly billings for tenants in coordination with property managers
Conduct journal entries and balance sheet reconciliations during monthly close
Assist in coordinating audits of company financial statements
Benefits
Supportive environment for professional growth
Mentorship and resources provided for employee development
commitment to work-life balance
Emphasis on ethical behavior and integrity
Culture of accountability and excellence
Full Job Description
To better support our Accounting Department and the anticipated doubling of our portfolio over the next few years, Westcore is looking for an experienced Senior Property Accountant.
POSITION SUMMARY
The Senior Property Accountant is responsible for the preparation of accounting for all transactions within legal entities assigned, ensuring all transactions are recorded in accordance with current GAAP and/or tax guidance as well as within company policies and procedures. This includes the preparation of all property accounting transactions including purchases, sales, basis allocations, operating and fixed assets additions/deletions, NNN billings/reconciliations, fair market value analyses, forecasting, budgeting, and all other types of financial information/analysis within the company's property portfolio.
CORE ROLES & RESPONSIBILITIES
Responsible for preparation of all monthly accounting entries related to assigned properties, including revenue, operating expense accruals, debt, and depreciation.
Prepare and analyze financial reports related to assigned properties, including lender and investor reports.
Work closely with the property management team to perform various tenant/lease related functions such as new lease setup and annual CAM reconciliation calculations.
PRIMARY DUTIES:(The below list is not comprehensive, and priorities will change on a day to day basis)
Review and approve invoices in paperless processing system for assigned properties.
Work with property managers to process monthly tenant billings.
Prepare journal entries and balance sheet reconciliations as part of the monthly close process.
Assist with coordinating multiple audits of company financial statements.
Assist in preparing annual budgets for each property and analyze variance to budget monthly.
Prepare loan draws
REQUIREMENTS
Bachelor's degree required.
Minimum of two (2) years of financial accounting and reporting experience.
Prior work experience with a public accounting firm required; Big Four accounting firm experience a plus.
Real estate accounting experience preferred.
Extensive working knowledge of Generally Accepted Accounting Principles (GAAP).
Experience with Yardi (or equivalent mid- to large- tier ERP System) preferred.
Understanding of policy and procedure implementation and internal control documentation.
