Job Description
Property Accountant
What we are Looking for:-
As a Senior Property Accountant (minimum 7 - 8 years of experience) you will be responsible for overseeing the financial management and reporting for the company's real estate properties. This role requires a strong understanding of accounting principles, attention to detail, and the ability to communicate effectively with both internal and external stakeholders.
Key Responsibilities:
• Financial Reporting: Prepare monthly, quarterly, and annual financial statements for the company's real estate properties by GAAP (Generally Accepted Accounting Principles).
• Budgeting and Forecasting: Assist in the preparation of annual property budgets and forecasts. Monitor budget variances and provide explanations for any deviations.
• General Ledger Management: Maintain accurate and up-to-date general ledger entries for all property-related transactions, including rent, expenses, and capital expenditures.
• Accounts Payable and Receivable: Oversee the accounts payable and accounts receivable processes for property-related transactions, ensuring timely and accurate processing.
• Lease Administration: Review and analyze lease agreements to ensure accurate billing of rents, operating expenses, and other charges. Work closely with the leasing team to resolve any discrepancies.
• CAM (Common Area Maintenance) Reconciliations: Calculate and prepare annual CAM reconciliations for tenants, ensuring compliance with lease terms and industry standards.
• Tax Compliance: Assist in the preparation of property tax filings and other tax-related documents. Coordinate with external tax advisors as needed.
• Audit Support: Provide support during internal and external audits, including the preparation of audit schedules and responding to auditor inquiries.
• Financial Analysis: Conduct financial analysis on property performance, including variance analysis, ROI calculations, and sensitivity analysis.
• Process Improvement: Identify opportunities for process improvements and efficiencies within the property accounting function. Implement best practices to streamline workflows and enhance accuracy.
Qualifications:
• Bachelor's degree in Accounting, Finance, or related field. CPA candidate preferred.
• Minimum of 8 years of experience in property accounting or real estate finance.
• Strong understanding of GAAP and financial reporting requirements.
• Proficiency in real estate accounting software (e.g., Yardi, MRI) and Microsoft Excel.
• Excellent analytical and problem-solving skills.
• Effective communication and interpersonal skills.
• Ability to work independently and collaboratively in a fast-paced environment.
• Attention to detail and a commitment to accuracy.
NOTE- THIS POSITION DEMANDS TO BE FILLED ON PRIORITY ONLY CANDIDATES WHO CAN JOIN IMMEDIATELY CAN APPLY.
Title: Property Accountant
Department: Accounting
Employment Type: Full Time, Permanent.
Job Location: Working Remotely
Industry: KPO, Outsourcing/Offshoring
Employment Type: Full-time
Shift Time: EST - US Time Zone
What we are Looking for:-
As a Senior Property Accountant (minimum 7 - 8 years of experience) you will be responsible for overseeing the financial management and reporting for the company's real estate properties. This role requires a strong understanding of accounting principles, attention to detail, and the ability to communicate effectively with both internal and external stakeholders.
Key Responsibilities:
• Financial Reporting: Prepare monthly, quarterly, and annual financial statements for the company's real estate properties by GAAP (Generally Accepted Accounting Principles).
• Budgeting and Forecasting: Assist in the preparation of annual property budgets and forecasts. Monitor budget variances and provide explanations for any deviations.
• General Ledger Management: Maintain accurate and up-to-date general ledger entries for all property-related transactions, including rent, expenses, and capital expenditures.
• Accounts Payable and Receivable: Oversee the accounts payable and accounts receivable processes for property-related transactions, ensuring timely and accurate processing.
• Lease Administration: Review and analyze lease agreements to ensure accurate billing of rents, operating expenses, and other charges. Work closely with the leasing team to resolve any discrepancies.
• CAM (Common Area Maintenance) Reconciliations: Calculate and prepare annual CAM reconciliations for tenants, ensuring compliance with lease terms and industry standards.
• Tax Compliance: Assist in the preparation of property tax filings and other tax-related documents. Coordinate with external tax advisors as needed.
• Audit Support: Provide support during internal and external audits, including the preparation of audit schedules and responding to auditor inquiries.
• Financial Analysis: Conduct financial analysis on property performance, including variance analysis, ROI calculations, and sensitivity analysis.
• Process Improvement: Identify opportunities for process improvements and efficiencies within the property accounting function. Implement best practices to streamline workflows and enhance accuracy.
Qualifications:
• Bachelor's degree in Accounting, Finance, or related field. CPA candidate preferred.
• Minimum of 8 years of experience in property accounting or real estate finance.
• Strong understanding of GAAP and financial reporting requirements.
• Proficiency in real estate accounting software (e.g., Yardi, MRI) and Microsoft Excel.
• Excellent analytical and problem-solving skills.
• Effective communication and interpersonal skills.
• Ability to work independently and collaboratively in a fast-paced environment.
• Attention to detail and a commitment to accuracy.
NOTE- THIS POSITION DEMANDS TO BE FILLED ON PRIORITY ONLY CANDIDATES WHO CAN JOIN IMMEDIATELY CAN APPLY.
Title: Property Accountant
Department: Accounting
Employment Type: Full Time, Permanent.
Job Location: Working Remotely
Industry: KPO, Outsourcing/Offshoring
Employment Type: Full-time
Shift Time: EST - US Time Zone
💡 Quick Summary
Seeking a career-building opportunity? The Property Accountant position is now open for candidates interested in the Accountant Jobs sector. This role in Bengaluru offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Accountant Jobs is a plus.