Property Accountant: Onsite in Columbia, Maryland (Confidential Search)
Position Title: Property Accountant - Property Management
Position Summary:
You will work with the Portfolio Controller in ensuring integrity of financial information for a portfolio of properties in compliance with generally accepted accounting principles (GAAP), company policy and contractual arrangements. Ensure internal controls are in place to mitigate risk of material misstatement of financial statements. This is accomplished by reconciliation, analysis and recordation of various tasks and identified internal control activities within the department. (Portfolio size approximately 25-35 buildings and/or 100 leases, based on complexity).
*An active Certified Public Accountant license is preferred for this position.
Location: Columbia, Maryland
Job Type: Full-Time.
Remote: No. Onsite in Columbia, Maryland.
Schedule: Monday-Friday.
Salary: Based on experience: $70,000.00 - $90,000.00.
Benefits: Medical, Dental, Life Insurance, 401K and PTO.
Relocation: Not offered.
Sponsorship: Not available.
Required Qualifications :
Education - Bachelor Degree in Accounting, Finance or related field is required.
Certification(s) - CPA license or CPA candidate
Professional Experience - A minimum of one to three years of relevant experience required. Specific finance experience in the real estate industry preferred.
Proficiency utilizing Microsoft Office applications (Word, Excel, and Outlook) and ability to learn company specific software.
Ability to adapt to new or changing software programs.
Mobility (Travel): Occasional travel to portfolio locations.
Essential Functions:
Work with Portfolio Controller to maintain books and records for assigned properties.
Perform assigned month-end close activities of assigned portfolio of properties.
Propose and/or record monthly journal entries including rental revenue, CAM accrual and direct tenant billings; monthly operating expense contract accruals; and other operating expense accruals.
Prepare required variance analysis comparing actual against budget and forecasts in current and prior periods.
Prepare Balance Sheet account reconciliations for review by Portfolio Controller.
Resolve outstanding items using judgement and discretion as appropriate.
Ensure internal controls are being maintained.
Participate in regular recurring meetings with Property Management teams to review financial results, discuss outstanding A/R and to update quarterly forecasts with Property Managers. Collaborate with and provide support to Property Management teams as needed.
Work with Portfolio Controller to prepare and analyze budgets and forecasts.
Monitor and review purchase orders and pay invoices to ensure timely payment and recording as well as proper coding.
Participate in the annual operating expense true-up process to ensure accurate billings or refunds to tenants in accordance with the lease requirements.
Secondary Responsibilities:
Monitors tenant's accounts for completeness and accuracy.
Supports Accounts Receivable function in resolving questions/issues.
Participates in the due diligence process for acquisitions, dispositions or financings which requires an intense effort in a compressed timeframe.
Participates in maintaining the internal controls and policies of CDP.
Communicate any deficiencies in controls to Supervisor.
Other job-related duties as assigned.
Scope of Responsibility Dimensions:
Provides work direction (i.e. leads projects, distributes work, leads daily tasks, etc.)
Work Relationships:
Accounting, FP&A, Treasury, Construction, IT, etc. (Internal) - Coordinate accounting processes and transactions.
Accounts receivable - Assessment of collection and credit risk.
Executives/Managers (Internal) - Develop budgets, communicate results, clarify policies, discuss, and advise on upcoming/unusual transactions.
Clients/Vendors/Bank Contacts/JV Partners (External) - Resolving billing, receivable issues, obtaining financial details/statements, coordinating draws/funding/payments.
Auditors/Reporting Group (External/Internal) - Provide and explain audit workpapers, schedules, reconciliations, etc. needed for audits and filings.
Qualifications:
Bachelor Degree in Accounting or Finance.
CPA or CPA candidate preferred.
1-3 years of relevant experience.
Specific finance experience in the real estate industry preferred.
Proficiency utilizing Microsoft Office applications (Word, Excel, and Outlook) and ability to learn company specific software.
Ability to adapt to new or changing software programs.
Demonstrated ability to comprehend commercial leases and brokerage agreements and to articulate and communicate to stakeholders.
Demonstrated ability to consistently meet deadlines and work independently and in a team environment.
Competent analytical, organizational, and interpersonal skills.
Ability to analyze business conditions.
Ability to define problems, research, collect and analyze data.
Strong customer service orientation for internal clients.
Working knowledge of standard office equipment including PC, telephone, copier, fax machine, printer, etc.
This job description does not reflect or imply that these are the only duties to be performed by the employee(s) in this position. Employee(s) will be required to follow any other job-related instructions and to perform any other job-related duties requested by any person authorized to give instructions or assignments.
This description excludes marginal functions of the position that are incidental to the performance of fundamental job duties. All duties and responsibilities are essential job functions and requirements subject to possible modification to reasonably accommodate individuals with disabilities. To perform this job successfully, the incumbent(s) will possess the skills, aptitudes, and abilities to perform each duty proficiently. The requirements listed in this document are the minimum levels of knowledge, skills and abilities.
We are an equal opportunity employer:
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.
Pay Details: $70,000.00 to $90,000.00 per year
Equal Opportunity Employer/Veterans/Disabled
Military connected talent encouraged to apply
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The Company will consider qualified applicants with arrest and conviction records in accordance with federal, state, and local laws and/or security clearance requirements, including, as applicable:
The California Fair Chance Act
Los Angeles City Fair Chance Ordinance
Los Angeles County Fair Chance Ordinance for Employers
San Francisco Fair Chance Ordinance
Massachusetts Candidates Only: It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
