Job Description
Job DescriptionWe are looking for a Property Accountant to support the financial operations of a portfolio of office and retail assets in California. This role is ideal for a detail-oriented accounting specialist who is comfortable managing property-level reporting, maintaining accurate records, and partnering with internal stakeholders to keep financial performance on track. The position requires strong hands-on experience with Yardi, solid knowledge of commercial real estate accounting, and the ability to work on site five days per week.
Responsibilities:
• Manage day-to-day accounting activity for assigned commercial properties, including cash receipts, deposits, invoice processing, tenant charges, and account updates within Yardi.
• Complete month-end close tasks by recording operating activity, preparing supporting schedules, and ensuring the general ledger reflects accurate financial results.
• Track and post revenue and expense activity such as rent, ancillary income, prepaid items, accrued liabilities, debt service, payroll, and management-related costs.
• Reconcile key accounts on a regular basis, including bank accounts, security deposits, cash receipts, and other balance sheet items tied to property operations.
• Maintain fixed asset records and calculate recurring depreciation and amortization entries in accordance with accounting requirements.
• Review actual performance against budgets and forecasts, investigate notable variances, and provide clear explanations to support management decisions.
• Prepare recurring financial packages for investors and lenders, contribute to cash flow forecasting, and assist with annual budgeting and quarterly combined reporting.
• Partner with asset management and external auditors on capitalization matters, audit support, intercompany reconciliations, billings, and additional financial analysis as needed.• Bachelor’s degree in Accounting or a related field with accounting coursework.
• At least 2 years of accounting experience, with preference for experience in commercial real estate, property accounting, or real estate investment environments.
• Demonstrated proficiency with Yardi, including day-to-day property accounting functions and reporting.
• Working knowledge of general ledger maintenance, month-end close, accrual accounting, and financial statement preparation.
• Understanding of internal controls and core accounting methods used in real estate operations, including accrual and cash basis concepts.
• Strong organizational skills, attention to detail, and the ability to manage multiple deadlines in a fast-paced office setting.
• Proficiency with Microsoft Office applications, especially tools used for financial analysis and reporting.
• Ability to work on site in Culver City, California, Monday through Friday, with no travel required.