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Property Accountant 12438383

McLean, VA
A growing, privately-held retail property owner and manager of approximately 2 million square feet of retail/shopping centers in the DC metro area is seeking a highly skilled and self-motivated Property Accountant to join our team. This individual will work with the Controller.  You will be responsible for full accounting and reporting functions of a real estate portfolio of commercial retail space with approximately 250 tenants.  Solid accounting, communication and organizational skills are required.  This position will work in the office in McLean, VA.

Property Accountant Essential Duties and Responsibilities: 
  • Prepare monthly bank statement reconciliations
  • Review payables postings and compare to budget to ensure accuracy of accounting in the general ledger 
  • Reconcile general ledger accounts to ensure proper coding of revenue and expenses
  • Process loan payments, insurance premiums and real estate tax payments to ensure timely payments and avoid late fees/penalties
  • Responsible for cash management and internal bank transfers for property operating and reserve cash accounts
  • Prepare and post journal entries for recurring and non-recurring transactions
  • Assist Property Managers with preparation and/or review of budget variance reports
  • Reconcile balance sheet items to include due to/from accounts with subsidiary ledgers, accounts payable and accounts receivable with other appropriate substantiating documents
  • Process and review monthly management, leasing and asset management fee calculations
  • Prepare monthly, quarterly and annual financial statements
  • Prepare schedules for management and external auditors for all assigned properties to assist with tax return preparation
  • Respond to inquiries from CPAs and property management personnel regarding financial statements
  • Record appropriate depreciation and amortization of fixed assets, tenant improvements and leasing commissions
  • Support lease administration with preparation of annual operating expense, CAM and RE tax reconciliations
  • Assist with the preparation of annual budgets and reforecasts
Education and/or Experience:
  • 3-5 years commercial real estate accounting experience 
  • Understanding of cash and accrual basis accounting in accordance with GAAP
  • Retail property management accounting experience is a plus
  • Yardi Voyager or similar property management software experience is required
  • Strong analytical and excellent problem-solving skills
  • Experience and understanding of inter-company transactions
  • Strong time management, attention to detail and organizational skills
  • Ability to meet tight deadlines under pressure while maintaining a positive can-do attitude 
  • Ability to work independently and with a team with emphasis on accuracy and timeliness
  • Solid computer skills with high level of competency with Microsoft Windows, Excel, Adobe Acrobat and Accounting software in general as well as a working knowledge of Microsoft Word and Outlook.
  • Strong communication skills; must be effective communicator with all levels of employees, including senior management
  • Knowledge of financial statement analysis and financial modeling.

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