About the job:
A Wiss real estate client is seeking a Senior Property Accountant to join their team. This individual will oversee the financial accounting and reporting for commercial real estate properties, ensuring accurate financial records, timely reporting, and compliance with applicable accounting standards and company policies. This position is fully onsite in Somerset County, NJ.
Key Responsibilities:
Financial Reporting: Prepare monthly, quarterly, and annual financial statements for assigned properties, including journal entries, account reconciliations, and variance analysis.
General Ledger & Reconciliations: Maintain the general ledger, reconcile bank accounts and balance sheet accounts, and investigate and resolve discrepancies.
Property Accounting: Record and analyze property-level income and expenses, including rental income, CAM charges, real estate taxes, insurance, and operating expenses. Review vendor invoices and ensure accurate expense allocations.
Month-End & Year-End Close: Manage monthly and annual close activities, including accruals, prepaid expenses, deferred rent, and supporting schedules.
Lease Accounting: Maintain accurate lease and tenant information, review rent rolls, and record lease-related transactions, including concessions, abatements, and tenant billings.
CAM Reconciliations: Prepare and review annual common area maintenance (CAM) reconciliations, analyze recoverable expenses, and assist with tenant inquiries and discrepancies.
Budgeting & Forecasting: Assist with property-level budgets and forecasts, analyze actual results against budget, and provide explanations for variances.
Financial Analysis: Identify trends, research unusual transactions, and provide financial information to support property and asset management decisions.
Audit & Tax Support: Coordinate supporting documentation for external audits, assist with property tax reporting and tax return preparation, and respond to information requests.
Acquisitions & Dispositions: Assist with the accounting and financial reporting associated with property acquisitions, dispositions, and other property-level transactions.
Process Improvement & Controls: Identify opportunities to improve accounting procedures, strengthen internal controls, and enhance the accuracy and efficiency of financial reporting.
Cross-Functional Collaboration: Work closely with property managers, asset managers, and other internal teams to resolve accounting issues and ensure timely and accurate reporting.
Required Skills & Qualifications
Education: Bachelor’s degree in Accounting or a related field.
Experience:
3–5 years of experience in real estate or property accounting, preferably within a commercial real estate environment.
Accounting Knowledge: Strong understanding of GAAP, general ledger accounting, financial reporting, and property-level accounting processes.
Communication Skills: Strong written and verbal communication skills, with the ability to work effectively with property managers, asset managers, and internal teams.
Software Proficiency: Proficiency in Excel and real estate accounting software; Yardi experience preferred.
Analytical Skills: Strong analytical and problem-solving skills, including the ability to research discrepancies and analyze financial results.
Organizational Skills: Ability to manage multiple properties, competing priorities, and recurring deadlines.
Attention to Detail: Highly organized and detail-oriented, with a strong focus on accuracy and timely financial reporting.
Independence and Initiative: Ability to work independently, take ownership of assigned properties, and identify opportunities to improve accounting processes.
Salary will be commensurate with experience: $100,000-$115,000.
