Property Accountant

MARSELLA DEVELOPMENT CORP

Property Accountant

Providence, RI
Full Time
Paid
  • Responsibilities

    Benefits:

    401(k) matching

    Dental insurance

    Health insurance

    Vision insurance

    Full time accounting position with benefits located in downtown Providence, RI. Responsible for providing accounting functions on a day-to-day basis. The property accountant must provide timely and accurate reporting of the financial operations of assigned properties. This includes daily 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.

    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.

    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 the lease and expense data in Yardi 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

    5+ years of 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 Yardi (required) and QuickBooks systems (desired)

    Proficiency in PC-based software such as Microsoft Excel

    Detail-oriented with a drive for excellence; pride in accuracy

    Ability to work independently and collaboratively to meet tight deadlines

    High level of professionalism and a service-oriented mindset

    Salary, 401k w/match, medical, dental, vision, parking.

    All job offers are contingent on completion of a background check and proof of eligibility to work in the United States.