Carolina PRG has partnered with a well-established and growing commercial real estate investment and development organization is seeking a Senior Property Accountant to join its accounting team. Reporting to the Controller and CFO, this individual will be responsible for the accounting and financial reporting for a designated portfolio of commercial real estate assets. The Property Accountant will partner closely with Property Management, Asset Management, and other internal teams to ensure accurate and timely financial information while providing meaningful reporting and analysis around portfolio performance. The position will support both internally controlled investments as well as properties managed on behalf of third-party owners.
Key Responsibilities:
Manage the day-to-day accounting and financial reporting for an assigned portfolio of commercial real estate properties and entities.
Provide accounting, financial analysis, risk management, and reporting to support Asset Management and Property Management in maximizing property value and profitability.
Ensure daily, monthly, and annual accounting activity is accurately recorded and maintained within the organization's accounting system.
Partner with Property Management on the annual budgeting process, including revenue assumptions, leasing activity, operating expenses, real estate taxes, and insurance.
Assist with calculations and invoicing for tenant reimbursements, miscellaneous bill-backs, and construction management fees.
Prepare monthly and quarterly property-level reporting packages for Asset Management and investment partner review.
Review accounts receivable and partner with Property Management on tenant collections and statements.
Perform monthly bank reconciliations and investigate discrepancies.
Maintain the general ledger and prepare or review journal entries related to prepaid rent, TICAM, asset acquisitions, sales, and transfers.
Calculate annual and lease-end TICAM reconciliations/true-ups and prepare monthly TICAM statements following completion of annual property budgets.
Maintain working knowledge of AP and AR processes and provide support for cash receipts and payments as needed.
Qualifications:
Bachelor’s degree in Accounting, Finance, Business, Economics, or a related field.2+ years of relevant accounting experience preferred.
Prior commercial real estate or property accounting experience is a plus.
Strong understanding of general accounting principles and financial reporting.
Working knowledge of general ledger accounting, accounts payable, accounts receivable, bank reconciliations, and financial statements.
Strong Excel and accounting systems skills.
Experience with MRI Software is a plus; exposure to AvidXChange or similar platforms is beneficial.
