Property Accountant

Property Accountant - Direct Hire - City of Industry
Our client is the largest, privately-held developer in the US with a 83-million square-foot portfolio that includes industrial, office, and retail space.
They are looking for a property accountant that can manage 12-15 industrial properties. Ideally, this candidate will have strong analytical ability, good interpersonal skills, a positive attitude and at least 3-5 years of recent experience in commercial or retail property.

  • Basic understanding of GAAP accounting, including straight-line rents, and fixed asset depreciation

  • Maintain the general ledger for approximately 12 ? 15 operating industrial properties totaling approximately 5M SF and their related partnership ownership entities (25 entities total) and properly reflect the financial results to both Lenders and Owners in accordance with the generally accepted accounting principles.

  • Monthly and annual ?close? process for respective properties which includes making necessary journal entries to record activity and to reconcile account balances to the detail sub-ledgers and/or support work papers.

  • Maintain financial supporting schedules and work papers.

  • Record JEs (month-end closing entries, accruals, prepaids, etc.) and reviews GLs to ensure accuracy.

  • Monthly Bank reconciliations.

  • Prepare management fee invoices and supporting schedules.

  • Prepare monthly cash flow schedules to determine distribution or capital call amounts.

  • Monthly rental sales tax returns (preparation & filing).

  • Annual CAM reconciliations.

  • Ad hoc financial analyses as needed and directed by Controller and CFO

  • Perform detailed analysis and provide written explanations of variances between actual results and budgeted results for key income statement accounts as well as current year vs. prior year actual results.

  • Assist property management in developing their annual budget as well as the ongoing forecast for the calendar year being reported.

  • Calculate tenant reimbursement income based upon the assumptions provided by leasing for new tenants.

  • Prepare monthly loan draws to various lenders

  • ?


  • 5+ years of experience in commercial / retail property accounting

  • Proficient in Microsoft excel spreadsheets and real estate accounting software (JD Edwards preferred)


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