Job description

Property Accountant– Job Summary

Location: Encinitas

Industry: Commercial Real Estate Development/​Property Management

Job Type: In Office Full-Time

Education Level: Bachelor's Degree or higher

Experience: Minimum 5 Years (with commercial real estate accounting experience preferred)

This person will handle a variety of roles in property accounting. We are looking for someone who is honest, dependable, hard-working, and motivated. This person must be a “self-starter” and take initiative to complete and deliver the final product. The job requires excellent written and verbal skills, thorough communication, as well as strong attention to detail and ownership of your role. *Advanced experience in Excel is required. Other important skills include time management, proficiency in Adobe Acrobat, and Microsoft Office. This position will mainly use our commercial accounting software, Rent Manager, and our online payables software, AvidXchange. Experience in these or other real estate software is preferred.

Responsibilities include the following:

• Perform the general accounting functions and the month-end processes (GL, AR, AP)
• Supervise the property accountants and give them support as needed
• Review the property accountants monthly financial packages
• Assist with compiling and processing equity draws and loan draws, coordinate this with the accounts payable process
• Process bank reconciliations, credit card reconciliations, prepare journal entries and review general ledger activity
• Process bank transactions online such as transfers, stop payments, downloads, lockbox
• Prepare timely and accurate monthly financial reporting for specific properties
• Assist with preparing property budgets
• Analyze monthly financial variance reports
• Calculate CAM estimates based on lease structures
• Assist with annual and interim CAM reconciliations
• Batch tenant ledger adjustments in our accounting system
• Vendor billing research and tenant ledger research as needed
• Lease administration: review and input leases and amendments into our accounting system, become familiar with leasing and accounting-related tenant communications
• Work with property managers on certain tenant communications, vendor communications
• Review new entities accounting setup & structure
• Maintain and track worksheets to monitor compliance with the terms of various agreements such as partnership, loan, development, and management
• Ensure quarterly debt compliance packages are submitted timely and accurately on numerous mortgage debt obligations.
• Assist with coordinating property audits and tax returns with our CPA firm
• Assist with state filings such as SOIs and city filings such as business license renewals
• Assist with the process related to new acquisitions and dispositions, including transaction accounting and interfacing with escrow, legal and other third-party providers
• Escrow and lender communications and document coordination
• Coordinate partners documents & signature coordination for transactions and leases

Job Type: Full-time

Pay: $60,000.00 - $85,000.00 per year

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Health insurance
• Paid time off
• Vision insurance

Physical setting:

• Office

Schedule:

• Monday to Friday

Supplemental pay types:

• Bonus pay

Ability to commute/relocate:

• Encinitas, CA 92024: Reliably commute or planning to relocate before starting work (Required)

Experience:

• Real Estate Accounting: 2 years (Preferred)

Work Location: One location

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