Senior Property Accountant

The Senior Property Accountant leads accounting for a complex portfolio and serves as the technical and day-to-day lead for the property accounting team. You will own the most involved entities, review the work of Property Accountants, and drive improvements to how we close, report and control.

What you'll do

• Own the monthly and quarterly close for a portfolio of operating properties and joint-venture entities
• Review journal entries, reconciliations and financial packages prepared by Property Accountants; train and mentor junior staff
• Prepare and review investor, lender and partner reporting, including waterfall distributions, debt covenant compliance and draw requests
• Account for development and construction projects: capitalized costs, interest capitalization, construction loan draws and placed-in-service conversions
• Manage intercompany accounting, allocations and consolidations across ownership entities
• Oversee CAM, real estate tax and insurance reconciliations
• Lead year-end audit preparation and coordinate with external auditors and tax preparers on K-1s and returns
• Build annual operating budgets and reforecasts with property management and asset management
• Identify and implement process improvements, internal controls and system enhancements
• Support acquisitions, dispositions and refinancings, including closing statement entries and property onboarding

What you bring

• Bachelor's degree in Accounting or Finance
• 3+ years of accounting experience, with at least 1 in real estate accounting
• Strong command of GAAP, including lease accounting and capitalization rules
• Advanced proficiency in Yardi, MRI or a comparable real estate ERP
• Advanced Excel skills; comfort building schedules, models and reconciliations from scratch
• Experience reviewing others' work and meeting tight reporting deadlines
• Clear communicator with property managers, asset managers, lenders and auditors

Nice to have

• CPA or CPA-eligible
• Experience with joint ventures, waterfall calculations or fund accounting
• Experience with LIHTC, tax-exempt bond or other affordable housing compliance

Pay: $75,000.00 - $85,000.00 per year

Benefits:

• 401(k)
• Health insurance
• Paid sick time
• Paid time off
• Vision insurance

Work Location: In person