Property Accountant
Compensation: $75,000-$85,000 base salary, depending on experience
Job Type: Full-Time
About the Opportunity
Our client, a growing real estate ownership and property management company, is seeking a Property Accountant to oversee accounting and financial reporting for an assigned portfolio of commercial properties.
This role works closely with ownership, leasing, and property management teams to maintain accurate financials, ensure billing aligns with lease terms, and identify opportunities to improve property performance. The ideal candidate understands how operating expenses, tenant improvements, lease recoveries, and labor costs affect net operating income (NOI) and long-term asset value.
Key Responsibilities
- Manage day-to-day accounting for assigned properties, ensuring transactions are accurately coded, documented, and recorded in the property management system.
- Complete bank and balance sheet reconciliations, review financial activity, and proactively resolve discrepancies.
- Manage monthly close deadlines and prepare accurate reporting packages for ownership, including property financial statements, rent roll analysis, cash summaries, aged receivables, and variance reports.
- Prepare common area maintenance (CAM) reconciliations and track recoverable versus non-recoverable expenses according to individual lease terms.
- Review tenant billing for accuracy, including base rent, CAM charges, real estate taxes, escalations, free rent periods, and concessions.
- Partner with leasing and property management teams to maintain accurate lease information and resolve billing questions.
- Monitor accounts receivable, tenant delinquencies, and cash applications while supporting collections follow-up and escalation reporting.
- Assist with annual property budgets and monthly reforecasts, analyze budget-to-actual results, and identify cost-saving opportunities.
- Track tenant improvement and capital expenditures by property and tenant, maintain supporting schedules, and analyze investment returns, payback periods, and lease profitability.
- Analyze property labor expenses and their impact on revenue, operational efficiency, and NOI.
- Communicate financial results and recommendations clearly to ownership and non-accounting stakeholders.
Qualifications
- Three or more years of property accounting or commercial real estate accounting experience preferred.
- Experience using a property management accounting system is required; Yardi Breeze Premier experience is preferred.
- Strong understanding of CAM reconciliations, lease administration, budgeting, forecasting, and commercial real estate financial reporting.
- Advanced Excel skills and strong financial analysis capabilities.
- Experience supporting office, retail, industrial, or mixed-use portfolios preferred.
- Ability to manage accounting responsibilities for multiple properties while meeting reporting deadlines.
- Strong attention to detail, organizational skills, and written and verbal communication abilities.
- Proactive approach to resolving discrepancies, improving processes, and identifying operational inefficiencies.
- Ability to take ownership of financial accuracy and connect accounting results to property performance.
Compensation and Growth Opportunities
- $75,000-$85,000 base salary, depending on experience
- Opportunities for professional growth within an expanding real estate portfolio
- Collaborative, entrepreneurial work environment
- Direct exposure to ownership and property investment decisions
Our client is an Equal Opportunity Employer and considers all qualified applicants without regard to race, color, religion, sex, national origin, age, disability, protected veteran status, or any other characteristic protected by applicable law.
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