OverviewPerform accounting support functions for commercial real estate properties. This position requires close coordination with the Property Manager, Department Managers, Corporate Accounting, AR/AP, Lease Administration and the Systems Manager. The Property Accountant reports to the Accounting Manager, while accepting direction from the Senior Property Accountant.
Responsibilities
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- Maintain GAAP accrual general ledgers.
- Prepare and process monthly journal entries. Produce monthly financials according to the established schedule and analyze results. Communicate concerns to the Accounting Manager.
- Review income, expense, and in progress capital jobs for accurate coding, payment and necessary accruals. Resolve issues with the Property Manager or other departments as necessary.
- Review new monthly leasing activity and work with the Lease Administration team and Accounting Manager to ensure proper revenue recognition.
- Review lease documents and prepare summaries of material leasing activity, verifying dates and dollars and identifying potential lease liabilities.
- Prepare monthly bank reconciliations.
- Prepare and maintain quarterly workpapers as described in the standardized workpaper model.
- Prepare quarterly and annual operating escalation reconciliations to ensure accuracy and completeness of revenue recognized. Review tenant leases to ensure accurate CAM billings.
- Perform special projects as needed and provide support to the accounting and property management teams.
- Attend weekly staff meetings and participate in reporting and other meetings as required by property management and or accounting.
Qualifications
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- Bachelors degree in Accounting with 3.0 minimum GPA.
- Basic understanding of general ledger activity, preference with Yardi application.
- Proficiency with Excel and other MS applications.
- 2-4 years of accounting experience, two years within the commercial real estate industry. Alternatively, 2-4 years of public accounting experience with real estate clients.
- CPA a plus.
- Ability to work in a fast-paced environment, with the ability to multitask and meet deadlines.
- Must be a team oriented, problem solver.
- Strong communication skills, both verbal and written, are essential.
- Ability to collaborate with internal and external teams.
Total Rewards
The RMR Group offers an extensive total rewards package to ensure that your benefits align with your needs. Employees who work at least 21 hours per week are eligible to participate in The RMR Groups benefits plans, including:
- Health Insurance
- Dental Insurance
- Vision Insurance
- Life & Disability Insurance
- Health Savings Account (HSA) & Flexible Spending Plans (FSA)
- 401(k) Plan with Employer Match
- Holidays, Vacation & Sick Time
- Parental Leave
- Tuition Assistance
- Matching Gift Program
- Wide Array of Voluntary, Employee-Paid Benefits to choose from including Critical Illness & Accident Insurance, Identity Theft Protection & Pet Insurance
The estimated base compensation range for this position is $78,000 to $98,000 per year. RMR considers several components including an individual's skills, qualifications, experience, internal equity, and market data.
