Property Accountant

Koury Corporation is a Builder and Developer with over six decades of experience developing; Hospitality, Retail, Office, industrial, Multi-Family, and Residential properties throughout Greensboro, North Carolina. This trusted experience distinguishes us as both early pioneers and modern-day innovators. Our focus is choosing to develop, construct, lease, and manage our own properties, doing so with the highest level of integrity and a long-term view. Our fully integrated business platform sets us apart and benefits our customers with the constant support of a dedicated and experienced team of architectural, construction, facilities, property management, and leasing professionals. These are the ideals established by our founder, Joseph S. Koury, which continue to guide us now and into the future.

Job Summary:

Property Lease Accountant is responsible for multiple accounting duties in the Corporate Accounting Department. These responsibilities include ensuring accuracy of leases in the accounting system, processing tenant charges and payments, working with team to resolve tenant collection issues, and third party reporting into corporate books and records.

Experience and Attributes:

3 to 5 years of accounting experience is required, experience in real estate specifically lease administration and analysis is desired. Individuals should have strong interpersonal, written and verbal communication skills with the ability to be a team player.

Responsibilities:

Cash Management

Prepare daily liquidity reports and associated transfers

Transmit all deposits via Remote Deposit Service

Properly generate tenant charges and apply tenant payments

Prepare and enter into Accounts Receivable service management deposits

Record bank transfers

Lease Accounting

Review and properly set up leases in Accounting system from lease administration

Prepare annual TICAM reconciliations and billings

Communicate with tenants to resolve discrepancies with outstanding amounts

Track tenant sales reporting

General Ledger

Reconcile and record third party reporting monthly

Maintain recurring journal entries

Assist with Accounts Receivable and Service Management as necessary

Monthly reporting

Prepaid asset tracking and amortization

Reconcile accounts for month end close

Coordinate and lead monthly collection meeting

Annual

Prepare and review budget templates for annual budget review

Ad Hoc Transactions and analysis

Record transactions acquisitions and dispositions

Enter journal entries into General Ledger as needed/requested

Analyze accounts as needed/requested

Research miscellaneous items as needed/requested

Other duties as assigned

Requirements:

Ability to demonstrate close attention to detail

Proficient in MS office with strong knowledge of and experience in Excel

Experience with SAGE 300CRE software preferred

Experience and aptitude to perform detailed work within an accounting system

Bachelor’s degree required with a preference for an Accounting major