Property Accountant
The Property Staff Accountant is responsible for the accurate and timely financial reporting of a designated real estate portfolio. This includes managing property budgets and forecasts, ensuring compliance with accounting standards, and working closely with property managers to optimize operational efficiency. The ideal candidate will possess strong analytical and problem-solving skills, excellent attention to detail, and the ability to meet tight deadlines.
Responsibilities:
Reports accurately and timely, the financial records of the assigned real estate portfolio, including budgets and forecasts
Works closely with the property managers to ensure accuracy, consistency and promote effectiveness in operations reporting
Ensures implementation of company-wide property management accounting and reporting initiatives
Maintains a calendar of all required reporting deadlines for assigned properties and prepares accurate and timely reporting as required
Prepares and review monthly accruals and straight-line rent journal entries
Reconciles balance sheet accounts monthly
Ensures delinquency reports are correct and contacts property management about serious delinquencies
Understands lease terminology and works closely with Lease Administrators
Monitors cash and ensures that critical payments are made timely and prepares funding reports as needed
Participates in budget preparation by providing information and analysis to property managers
Reviews budgets for accuracy and uploading into accounting software
Prepares monthly bank reconciliations for assigned properties
Analyzes data from several sources and provides accurate and complete answers for owners
Prepares personal property tax listings and monitors sales/use tax for owners
Handles other duties as assigned by Controller
Desired Competency, Experience and Skills:
Four-year degree in Accounting, Finance, or a related field preferred
Commercial real estate experience preferred
Exhibits strong interpersonal and critical thinking skills
High degree of professionalism in addition to excellent communication, analytical, and problem-solving skills
Team oriented, with the ability to build effective relationships in a cohesive business environment
Quick learner with a growth mindset; responsive, takes ownership of tasks, and communicates effectively across teams.
High proficiency in EXCEL
JDE, MRI, Yardi, Oracle accounting software experience preferred
About Lincoln Property Company
Lincoln Property Company ("Lincoln") is one of the largest private real estate firms in the United States. Offering a fully integrated platform of real estate services and innovative solutions to owners, investors, lenders and occupiers, Lincoln supports the entire real estate lifecycle across asset types, including office, life science, retail, industrial, data center, production studio, healthcare, government, universities, and mixed-used properties, throughout the United States, United Kingdom, and Europe. Lincoln's combined management and leasing portfolio on behalf of institutional clients includes more than 562 million square feet of commercial space. In addition to providing third-party real estate services, Lincoln has completed over 164 million square feet of development since its inception in 1965 and has another $19.5 billion currently under construction or in the pipeline. For more information, visit: www.lpc.com.