Property Accountant

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Job ID#: 41191

Property Accountant (2 Positions Available)
Direct Hire; $70K – $80K with discretionary bonus
Houston, TX 77042

Key Responsibilities:
Property Accounting & Financial Reporting

• Perform full-cycle accounting for residential and commercial real estate properties.
• Prepare monthly financial statements, supporting schedules, and management reports.
• Complete month-end close activities, including journal entries, accruals, prepaid expenses, depreciation, and account reconciliations.
• Review general ledger activity for accuracy and proper account coding.
• Prepare and maintain balance sheet reconciliations.
• Perform bank reconciliations and resolve outstanding discrepancies.

Tenant Accounting & Property Operations

• Review tenant billings, rent charges, collections, and account activity.
• Reconcile tenant accounts and security deposits.
• Process approved adjustments, write-offs, and reclassifications.
• Support Property Management with accounting-related questions.

Commercial Real Estate Accounting

• Assist with CAM, property tax, and insurance reconciliations.
• Review tenant recoveries and operating expense reimbursements.
• Analyze lease-related charges, escalations, and recoveries for accuracy.
• Support CAM audits and tenant inquiries.

Intercompany & Consolidation Support

• Prepare and reconcile intercompany transactions between related entities.
• Record management fees, shared expenses, reimbursements, and other intercompany activity.
• Assist with entity-level reporting and consolidation schedules.
• Research and resolve accounting discrepancies.

Audit & Process Improvement

• Support annual audits and lender reporting requirements.
• Prepare audit schedules and supporting documentation.
• Maintain compliance with GAAP and internal accounting controls.
• Identify opportunities to improve accounting processes and efficiencies.

Qualifications:

• Bachelor’s degree in Accounting, Finance, or related field preferred.
• 3+ years of property accounting experience.
• Experience with residential and/or commercial real estate accounting.
• Strong understanding of month-end close and financial statement preparation.
• Experience with bank reconciliations, accrual accounting, and general ledger accounting.
• Experience with CAM reconciliations and tenant recoveries preferred.
• Experience with multiple entities, intercompany accounting, and consolidations preferred.
• Proficiency with Microsoft Excel, including PivotTables, VLOOKUP/XLOOKUP, and financial analysis.
• Experience with MRI, Yardi, RealPage, or similar property accounting systems preferred.  But MRI is a big plus.

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