Property Accountant (Philadelphia, PA)

Job Description

Job Description

Job Description : Property Accountant (Philadelphia, PA)

ARDEN LOGISTICS PARKS

Arden Group is a vertically integrated real estate investment management firm focused on equity and debt investments in the top 25 US MSA's. Founded in 1989, Arden Group has acquired approximately $7 billion of properties and assets managed in excess of $12 billion of commercial real estate assets.

Established by Arden Group in 2021 as a best-in-class logistics real estate operating platform, Arden Logistics Parks specializes in the acquisition, improvement and property management of light industrial business parks and industrial outside storage. Our real estate investment business operates a geographically diverse portfolio of more than 10 million square feet of last mile facilities in 12 highly sought-after markets of urban infill locations throughout the United States.

Recently listed as "Best Places to Work in PA" for 2024, our firm provides a supportive and exciting culture for our employees to challenge themselves and thrive. As a growing firm, we are looking for experienced team members with a passion for working in a high-growth environment. We value employees who are RESPONSIVE, TENANT-CENTRIC, and NIMBLE and we've created an environment for such employees to flourish as we continue to expand.

Position Overview

Reporting to The Property Accounting Manager, the Property Staff Accountant will play a critical role across our portfolio of industrial assets.

The position is in Philadelphia, PA and is not a remote position.

Responsibilities (including, but are not limited to the below) :

• Analyze and explain variances in financial results (budget / forecast-to-actual and month-to-month). Prepare account reconciliations for property related accounts to assess validity, correctness, and appropriateness of balances; prepare adjusting entries when required.
• Assist in the preparation and review of property budgets
• Interpret lease set up within our property management system (Yardi), verifying accuracy against executed lease document(s)
• Interpret and apply our capitalization policy while working with our internal parties to manage capital expenditures draw process with lenders
• Understands the functionality of Yardi accounts receivable transactions and fully comprehends the impact of these transactions on the general ledger
• Onboard new properties as acquired to fold into monthly reporting process and help facilitate true up process with prior owners
• Record property tax accruals and / or amortization of prepaid property taxes; and trues up expense accruals and the liability or prepaid account
• Prepare and enter journal entries in accordance with Generally Accepted Accounting Principles
• Comprehend policies and procedures and can provide assistance to other team members
• Provide recommendations for improving current practices

Essential Qualifications :

Benefit Offering :

We offer competitive compensation packages, comprehensive medical, dental, vision, and life insurance, FSA and HSA, 401k with match, PTO, paid and floating holidays, paid parental leave, professional development resources, and company discounts.

EEO Statement :

Our company is proud to be an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. Our employment decisions are based on individual qualifications, job requirements and business needs without regard to race, color, marital status, sex, sexual orientation, gender identity and / or expression, age, religion, disability, genetic information, citizenship status, national origin, pregnancy, veteran status and or any other legally protected characteristics. We are committed to providing reasonable accommodation.

Physical Demands :

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is regularly required to stand, sit, walk, use hands to finger, handle, or feel, reach with hands and arms, and talk or hear. The vision requirements include close vision and ability to focus. The employee may frequently lift and / or move up to 25 pounds.

The above job description is not intended to be an all-inclusive list of duties and standards of the position. Incumbents will follow any other instructions, and perform any other related duties, as assigned by their supervisor. Management reserves the right to modify, add, or remove duties as necessary.