Property Accountant

Job Description

THE POSITION:

The Property Accountant will be responsible for the accounting and financial reporting of a group of commercial and development real estate assets. This position is located in Bethesda, MD.

Responsibilities

• Monthly and year-end reconciliations and closing for assigned properties.


• Prepare and review monthly and year-end financial statements.


• Prepares monthly loan draws and monitors funding and disbursement.


• Assist in coordination and support of third-party auditors.


• Assist in coordination and support of third-party tax preparers.


• Deliver consistently high quality and timely reporting.


• Collaborate with the property management on preparation of the property operating budget.


• Prepare annual CAM reconciliations.


• Collaborate with the investor reporting function on fund reporting.


• Integrate acquisitions into accounting and reporting frameworks.


• Analyze and interpret operating and financial information regarding profitability, capital expenditures, and performance against budget.

Qualifications

• Bachelor’s degree from a four year college or university


• 2 - 3 years of relevant experience within the real estate industry.


• Certified Public Accountant (CPA) or candidate preferred


• Experience with MRI is a plus


• Strong leadership, team building and motivational abilities


• Exceptional communication skills and ability to interact with wide range of people.


• Strong multi-tasking skills


• Attentive to detail


• Ability to prioritize work and meet deadlines.


• Proficient in Microsoft Excel and other Office products

Relationships

• Reports to Accounting Manager and Director of Finance and Accounting


• Maintain relationships with peers and all other departments within Stonebridge


• Maintain relationships with suppliers, vendors, and others serving SCM or the properties


• Maintain relationships with the finance and accounting staff for clients and venture partners


• Maintain day to day relationships with banking institutions

Activities

The activities listed here are not all-inclusive; rather, they indicate the types of activities normally performed by this position.

• Preparation of monthly financial reports.


• Prepares monthly loan draws and monitors funding and disbursement.


• Prepares disbursements, reviews checks for accuracy (i.e. account numbers)


• Prepares monthly accrual entries


• Preparation and submission of required budget materials, including data, to the appropriate regulatory agencies.


• Monitors expenses to insure compatibility with budgeted amounts. Brings any discrepancies or questions to the Accounting Manager and Project Manager’s attention.


• Preparation of year-end materials for auditor review.


• Assists property auditors in preparing year-end audits, tax returns and auditing,


• Assists in coordinating the submission of tax returns to the appropriate governmental bodies.


• Prepares special financial reports (i.e. owner's requests, special reporting requirements.)


• Coordinates funding of escrows and reserves.


• Ensures proper banking procedures and maintain an ongoing relationship with banking institutions


• Ensures that the necessary controls and audit trials are accounted for through the various signature cards and balances.


• Prepares monthly mortgage payments.


• Preparation of loan requests (i.e. reduction in guarantees or letters of credits, business plan approval, etc.)