Commercial Real Estate Property Accountant

LOOKING FOR FILIPINO CITIZENS RESIDING IN THE PHILIPPINES!

We prioritize the processing of one active application at a time. If you have applied for multiple job openings within our organization, we kindly request that you direct any update inquiries to the team responsible for handling your initial application.

Position : Commercial Real Estate Property Accountant

Working Hours : Mon-Fri 10am-6pm EST / 10pm-6am PH Time

Salary Range : $1000-1800/month

Holiday : US/PH

About the company:

A family owned investment management and holding company.

About the job:

We are seeking a meticulous and experienced Commercial Real Estate Property Accountant to manage the financial operations of our commercial properties, which include shopping centers, office buildings, and other commercial tenants. Proficiency in Yardi software is essential for this role. The ideal candidate will excel in lease administration, CAM reconciliation, and tenant billing.

Duties and Responsibilities:

Lease Administration:

Handle all aspects of lease administration including abstraction, key date tracking, and compliance with lease terms.

Ensure accurate and timely lease documentation and updates.

CAM Reconciliation:

Conduct detailed Common Area Maintenance (CAM) reconciliations to allocate costs correctly to tenants.

Review and verify CAM charges, ensuring proper documentation and adherence to lease agreements.

Tenant Billing Statements:

Prepare and distribute tenant billing statements monthly.

Resolve billing discrepancies and respond to tenant inquiries regarding their accounts.

Financial Reporting:

Prepare monthly financial statements and management reports, including variance analysis.

Assist in the preparation of quarterly and annual financial reports.

General Ledger Management:

Maintain and update the general ledger with accurate and timely entries.

Perform regular reconciliations and ensure compliance with accounting standards.

Budgeting and Forecasting:

Assist in the preparation of annual budgets and forecasts.

Collaborate with property managers to ensure financial targets are met.

Accounts Receivable/Payable:

Manage the accounts receivable and payable processes, ensuring timely processing and accuracy.

Monitor cash receipts, disbursements, and perform monthly bank reconciliations.

Audit Support:

Assist with internal and external audits, preparing necessary documentation and responding to auditor inquiries.

Ad Hoc Analysis:

Provide financial analysis and reporting for various projects as required.

Support management with special projects and financial reporting needs.

Qualifications:

Education

Bachelor's degree in Accounting, Finance, or a related field.

Experience

Minimum of 2-5 years of experience in commercial real estate accounting.

Strong understanding of property management accounting principles.

Software Proficiency

Proficiency in Yardi software is mandatory.

Experience with other property management systems (e.g., MRI) is a plus.

Technical Skills

Advanced knowledge of Microsoft Office, particularly Excel.

Analytical Skills

Strong analytical and problem-solving skills with a keen attention to detail.

Communication

Excellent verbal and written communication skills.

Interpersonal Skills

Ability to work collaboratively with various stakeholders, including property managers and tenants.

Strong organizational skills and the ability to manage multiple tasks in a fast-paced environment.

Certification

CPA or CPA candidate preferred but not required.

Skills and Abilities

Thorough understanding of GAAP and real estate accounting principles.

Ability to manage multiple tasks and meet deadlines.

Strong organizational skills and the ability to maintain accurate records.

Self-motivated with a proactive approach to problem-solving.

This role is vital for maintaining the financial health of our commercial properties, ensuring that all transactions are accurately recorded and reported. If you meet the qualifications and are enthusiastic about this opportunity, we encourage you to apply. We prioritize the processing of one active application at a time. If you have applied for multiple job openings within our organization, we kindly request that you direct any update inquiries to the team responsible for handling your initial application.