Property Accountant

About the Company and Property Accountant Opportunity :

• CFS is partnering with a client in the property management industry who is looking to hire a Portfolio / Property Accountant on a contract or contract to hire basis
• Company is located in a beautiful high rise in Baltimore city and boasts diversity and a well rounded and kind team that enjoy working together and doing team building activities
• Schedule : This role is fully onsite in Baltimore, MD, 7 / 8am-4 / 5pm, M-F, 40 hours per week
• Free parking provided for all employees in a parking garage
• Reports to the Accounting Manager
• Salary $65,000-80,000 depending on experience

Job Duties of the Property Accountant :

• Work with internal staff for accuracy and timeliness of Accounts Payable, Accounts Receivable, and CAM processing to the General Ledger.
• Prepare monthly, quarterly, and annual financial reporting packages, managing to ensure all processes to produce these results are done timely and accurately.
• Maintain relationships with Property Managers to facilitate mutual communication and understanding of a project operations and status.

Coordinate and communicate with Property Management teams to constantly analyze and amend our plans to achieve financial and operation objectives.

• Monitor property cash flow status weekly, ensuring proper funding of escrows and reserves.
• Participate in the preparation of annual budgets, forecasts and actual variance explanations, in coordination with Property Managers.
• Prepare journal entries as required for month end processing such as accruals and prepaid allocations.
• Prepare packages required by external investors with emphasis on lender reporting requirements.
• Participate in the year-end Audit process including preparing materials and supporting documentation as well as providing and responding to auditor inquiries and supplemental information requests in a timely manner.
• Act as accounting department's specialist in understanding direct recovery billings for each of the properties. Areas of special attention related to utility meter allocations, both sub metered or otherwise allocated, and easements.
• Review tenant receivable write-off requests.
• Prepare consolidated property financial statements.
• Perform second review of CAM processing done by the CAM Accountant.
• Prepare special financial reports such as owner's requests, special lender reporting requirements, and controller requests.
• Process Security Deposit refunds through Accounts Payable.

Ideal Candidate for the Property Accountant role :

• Excellent interpersonal skills, personable, and a team player
• Very strong multitasking abilities
• Attention to detail and communication skills
• Tech savvy
• Strong customer service skills

Qualifications for the Property Accountant :

• 3+ years' general accounting experience required
• Strong understanding of accruals and general ledger
• Commercial real estate / property management experience preferred
• Must have knowledge of MS Office Suite and be comfortable working in Excel
• Experience using Yardi, Sage Timberline, and / or Argus a plus

INOCT2024

ZRCFS