Position Overview:

The Senior Property Accountant is responsible for managing the full-cycle accounting and financial reporting for a portfolio of commercial and/or residential properties. This role requires strong technical accounting expertise, including accrual-based accounting, lease accounting, and property-level financial analysis. The position ensures the accuracy of financial statements, compliance with GAAP, and adherence to internal controls while supporting asset management, property management, and leadership with timely and insightful reporting.

Key Responsibilities:

• Manage full-cycle accounting for a portfolio of properties, including journal entries, accruals, and general ledger maintenance
• Prepare and review monthly, quarterly, and annual property financial statements in accordance with GAAP
• Perform detailed balance sheet and bank reconciliations, including cash, prepaid expenses, fixed assets, and tenant receivables
• Analyze operating results and variances against budget, forecast, and prior periods at the property level
• Record and reconcile tenant billings, including base rent, percentage rent, CAM, tax, and insurance recoveries
• Ensure accurate revenue recognition in accordance with lease agreements and applicable accounting standards (ASC 842 exposure preferred)
• Maintain and track lease abstracts, ensuring key terms are accurately reflected in the accounting system
• Coordinate and support annual budget preparation and periodic reforecasts with asset management teams
• Review accounts payable and ensure proper expense classification and property-level allocation
• Assist with cash management activities, including monitoring property-level cash flow and funding requirements
• Support internal and external audits by preparing schedules, documentation, and responding to auditor inquiries
• Maintain and enforce internal controls and accounting policies across assigned properties
• Partner cross-functionally with property management, leasing, and asset management teams to resolve financial discrepancies and provide insights

Qualifications:

• Bachelor’s degree in Accounting or Finance required
• 4–7+ years of property accounting experience within commercial or residential real estate
• Strong knowledge of GAAP, accrual accounting, and financial statement preparation
• Experience with lease accounting and familiarity with ASC 842 preferred
• Proficiency in property management/accounting systems (e.g., Yardi, MRI, RealPage)
• Advanced Excel skills, including financial modeling, pivot tables, and data analysis
• Experience with CAM reconciliations and tenant billing structures preferred
• Strong analytical and problem-solving skills with a high level of attention to detail
• Ability to manage multiple properties and deadlines in a fast-paced environment
• Excellent communication skills with the ability to interface with non-finance stakeholders