Commercial Property Accountant

Published: 6/14/2022

Real Estate

Job Description

Leading privately owned real estate investment and development company is searching for a Commercial Real Estate GL Accountant to provide accounting services for an assigned portfolio of properties as a vital member of our Commercial Property Accounting team. As one of four commercial property accountants reporting to the Commercial Controller, the ideal candidate must demonstrate excellent interpersonal skills by being collaborative and team-oriented and must have excellent written and verbal communication skills. The candidate must have the ability to manage workload, meet deadlines and manage assigned tasks within larger projects. The successful candidate will have experience managing work independently and as part of a larger team.

A strong understanding of accounting principles and practices and direct experience with commercial real estate accounting (retail, industrial and office leases) are essential to any candidate’s success. In addition to GL accounting experience, the ideal candidate will have some experience communicating with commercial tenants by email and phone to analyze and resolve billing questions (with the assistance of accounting and leasing administrative staff) and to explain charges such as CAM and tax estimated billings, reconciliations, utility billbacks, etc.

KEY RESPONSIBILITIES:

Perform full cycle GL accounting for an assigned property portfolio, including:

Review tenant ledgers and rent charges.

Review tenant payments and post revenues.

Review tenant and vendor accounts to ensure good standing.

Ensure vendor invoices are posted, approved and paid in a timely manner.

Process and track weekly payments for select vendors.

Ensure on-time and accurate data entry from lease abstracts or leases into Yardi (move-ins, move-outs, modifications, extensions, expansions, terminations, etc.) Assure timely and accurate billing by verifying rents and other charges are calculated according to lease agreements.

Monitor utility accounts and process tenant billbacks as applicable.

Review tenant ledgers to ensure receivables are current and accurate.

Process tenant move-ins and move-outs.

Bill CAM and tax estimates in accordance with annual budgets and produce CAM and tax reconciliations during the first quarter following the prior calendar year.

Coordinate legal filings with outside counsel, as necessary.

Effectively communicate with vendors and/or tenants, as necessary.

Effectively communicate internally with the Leasing Department and Asset Management Department as necessary.

Requirements/Qualifications:

Four-year undergraduate degree in accounting or finance or equivalent on-the-job experience and training.

At least four years of commercial real estate accounting experience.

Excellent analytical, time management and communications skills.

Proficient in Microsoft Excel.

At least three years’ experience using Yardi (Voyager 7; Commercial Cafe).

Compensation

Competitive, based on skill and experience; year-end performance bonus

Benefits

Medical Insurance

Dental Insurance

Vision Insurance

401K and Employer 401K Match

Employer Paid Life Insurance

Optional Additional Life Insurance

Optional Accident & Critical Illness Insurance

Pet Insurance

Flexible Spending Account, Health Savings Account and Dependent Care Account

Touch Care Concierge Benefit Services

Employee Assistance Program

Working Advantage Employee Discount

Employee Referral Program

Schedule:

In office, Monday to Friday. Standard hours are 8:00 AM – 4:30 PM

Work Location:

Somerset County, New Jersey

Employer is an Equal Opportunity Employer and maintains a work environment in which all employees are treated with respect and dignity. We provide the same opportunities for hiring, advancement and benefits to everyone without discriminating due to protected characteristics, like age, gender, race, ethnicity, nationality, religion, sexual-orientation, and disability.