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Property Accountant

Property Accountant

Robert HalfHouston, TX, US
4 days ago
Job type
  • Full-time
Job description

Job Description

Job Description

POSITION SUMMARY

We are seeking a qualified Property Accountant to join our accounting team. As Property Accountant, you will be responsible for managing financial reporting to ensure accurate and timely financial operations. Your role will involve preparing and reviewing financial statements, handling vendor documentation and payments, and assisting with tenant reconciliations and lease setups. Utilizing your proficiency in Yardi and NorthSpyre, you will collaborate with internal and external customers to maintain efficient and effective accounting processes. Your commitment to excellence and detail-oriented approach will contribute to the organization's financial integrity and operational success. Please email your resume to Alyssa.white@roberthalf for immediate consideration.

PRIMARY RESPONSIBILITIES

Financial Reporting

  • Record journal entries.
  • Record expense accruals, property tax & prepaid insurance.
  • Prepare and review financial statements.
  • Provide support schedules.
  • Provide balance sheet reconciliations.
  • Reconcile bank accounts monthly & timely.
  • Perform NOI & Net Income analysis quarterly.
  • Ensure lender reporting deadlines are met.

Construction Draws

  • Review NorthSpyre for approved invoices.
  • Review approved invoice support and ensure lien waivers are documented.
  • Prepare the construction draw package accurate, complete & timely.
  • Respond to lender requests on draws.
  • Lease Administration & Revenue Recognition

  • Ensure lease set up is performed accurate, complete & timely.
  • Record lease cost accrual within same reporting month of lease execution.
  • Monitor lease construction progress.
  • Ensure revenue recognition occurs in accordance with lease terms.
  • Ensure revenue recognition is stated correctly on rent roll posting.
  • Budget

  • Review actual / spec revenue provided by operations, rent roll testing, commercial analytics & leasing team to ensure reasonableness. Load into Yardi.
  • Load expenses into Yardi
  • Assist with prepaid insurance projections.
  • Assist with property tax assumptions.
  • Perform management fee calculation.
  • Perform Yardi recovery within budget timeline for operations review.
  • Assist with Non-Recoverable expenses : Bank Charges, Legal Fees, Vacant Space, R& M.
  • Acquisitions & Dispositions

  • Record non-standard entries.
  • Yardi : Assist with property set up.
  • Yardi : Monitor disposition activity until final distribution and bank account closure.
  • Bachelors Degree in Accounting

    3+ years of accounting experience

    Real estate property accounting is a plus

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