Senior Property Accountant
Department: Accounting/Finance
Employment Type: Full Time
Location: Corporate Office
Description
We are seeking a Senior Property Accountant to manage financial operations for a portfolio of commercial properties. In this role, you'll handle monthly reporting, reconciliations, cash flow management, and ensure compliance with loan covenants. We're looking for a resourceful, team-oriented professional who thrives in a collaborative environment and is excited to support both accounting and property management teams. If you're ready to grow in a dynamic commercial real estate setting, we'd love to hear from you!
Key Responsibilities
- Develop and implement commercial property and commercial parking operations accounting procedures and monthly close process, to include but not limited to review of general ledgers, processing journal entries, and preparing monthly accruals
- Prepare monthly and quarterly reporting packages for properties in a timely manner
- Prepare monthly bank and other balance sheet reconciliations in tandem with the reporting package
- Prepare and monitor monthly debt and equity draws and manage project cash positions on a daily basis
- Approve and process accounts payable disbursements as needed
- Ensure compliance with mortgage loan covenants and reporting requirements
- Assist in preparation of local, state, and federal tax returns with consultation from outside accounting firm as necessary
- Assist in annual financial statement audit and reviews performed by outside CPA firm
- Assist in preparation of joint venture and consolidated financial statements
- Assist, review, and coordinate the workflow of Lease Administrator including application of A/R adjustments and daily cash receipts
- Assist property management staff with preparation of annual budget package and monthly and quarterly variance analysis to budget
- Supervise property accountant and other junior staff
- Perform other duties as assigned
Skills, Knowledge and Expertise
- Bachelor’s in Accounting or related field required
- CPA is a plus but not required.
- Minimum of 2 years of commercial real estate accounting experience required
- Experience with Yardi, or MRI preferred
- Strong accounting skills with in-depth knowledge of US GAAP
- Understanding of property management in relation to financial accounting, recoveries, budgeting and forecasting
- Proficient knowledge of Microsoft Excel
Benefits
Compensation:
- Competitive Salary with Bonus Potential
- Generous Benefit Package: Medical, Dental, Vision, 401K Match, Life Insurance
Career Development
- Opportunities for Advancement within our expanding portfolio
- Annual Professional Development Funds to fuel your growth
Employee Perks (to name a few):
- Housing Discount
- Commuter Benefits
- Free Parking and EV charging
- Parental Leave Program
- Enjoy a Friendly Work Environment that values collaboration
Explore more perks and possibilities here for growing your career with Comstock Companies! Discover what sets us apart!
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