Senior Property Accountant

💰 $5,120 - $8,192 (Est.) 📍 Bethesda 🕐 5 days ago

Job Description

Qualifications
Bachelor's degree in Accounting or Finance
3-5+ years of accounting experience required
Commercial Real Estate/ Property Accounting experience required
Benefits
This opportunity includes a competitive compensation package, a great work life balance and upward mobility, and the chance to join a reputable REIT here in the DC Metro area!
Responsibilities
This role is newly created due to growth, and will be responsible for supporting the full-cycle accounting and financial reporting for a portfolio of retail and mixed-use properties, including month-end close entries, cash reporting, fixed assets, general ledger maintenance, and assisting with external auditors for year-end audit
Responsible for preparation and review of financial statements for assigned portfolio of properties
Prepare month-end journal entries, record monthly adjusting and accrual entries
Ensure all transactions are properly recorded and posted in the accounting system
Prepare lender draw packages, ensuring compliance with loan requirements
Reconcile bank accounts and general ledger accounts on a regular basis
Prepare monthly and quarterly complex distribution schedules and portfolio distribution schedules
Monitor cash balances, capitals calls and distributions for investors
Maintain accurate and up-to-date records for all properties
Prepare monthly financial statement analysis according to US GAAP
Reconcile bank accounts and general ledger accounts on a regular basis
Monitor and report on property cash flows and performance
Provide financial analysis and support to property management team
Prepare Accounting Assumptions for Insurance, Real Estate taxes, Accounting Fees, Escrows & Reserves and Loan Amortization schedule in annual budget process
Assist with year-end annual audit and tax return preparation
Job description
Title: Senior Accountant, Property Accounting

Industry: Commercial Real Estate

Location: Bethesda, MD

We are currently recruiting for a Senior Property Accountant with a growing Real Estate Development Firm based here in the Northern Virginia area. This role is newly created due to growth, and will be responsible for supporting the full-cycle accounting and financial reporting for a portfolio of retail and mixed-use properties, including month-end close entries, cash reporting, fixed assets, general ledger maintenance, and assisting with external auditors for year-end audit.

This opportunity includes a competitive compensation package, a great work life balance and upward mobility, and the chance to join a reputable REIT here in the DC Metro area!

Duties/Responsibilities:
• Responsible for preparation and review of financial statements for assigned portfolio of properties
• Prepare month-end journal entries, record monthly adjusting and accrual entries
• Ensure all transactions are properly recorded and posted in the accounting system
• Prepare lender draw packages, ensuring compliance with loan requirements
• Reconcile bank accounts and general ledger accounts on a regular basis
• Prepare monthly and quarterly complex distribution schedules and portfolio distribution schedules
• Monitor cash balances, capitals calls and distributions for investors
• Maintain accurate and up-to-date records for all properties
• Prepare monthly financial statement analysis according to US GAAP
• Reconcile bank accounts and general ledger accounts on a regular basis
• Monitor and report on property cash flows and performance
• Provide financial analysis and support to property management team
• Prepare Accounting Assumptions for Insurance, Real Estate taxes, Accounting Fees, Escrows & Reserves and Loan Amortization schedule in annual budget process
• Assist with year-end annual audit and tax return preparation

Required Qualifications:
• Bachelor's degree in Accounting or Finance
• 3-5+ years of accounting experience required
• Commercial Real Estate/ Property Accounting experience required

Preferred Qualifications:
• Retail and/or mixed-use property experience
• Public accounting experience (audit, assurance, tax)
• Advanced Excel skills
• Yardi or MRI software experience preferred

💡 Quick Summary

Seeking a career-building opportunity? The Senior Property Accountant position is now open for candidates interested in the Accountant Jobs sector. This role in Bethesda 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.

Sponsored

Job Details

Company Name: Turn2Partners

Frequently Asked Questions

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The expected salary for Senior Property Accountant in Bethesda is $5,120 - $8,192 (Est.) per month. Actual compensation may vary based on experience and negotiation.
No, Senior Property Accountant is an on-site position based in Bethesda. Candidates must be able to commute or relocate to this location.
Basic communication skills, a proactive attitude, and the ability to work in a team are required for Senior Property Accountant. Previous experience in Accountant Jobs is a plus. Freshers may also apply depending on the employer's requirements.
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