Property Accountant

Property Accountant

At WS Development, we pride ourselves on providing a collaborative, entrepreneurial environment where employees are encouraged to contribute to the decisions, planning, process, and culture of the firm. We are a vertically integrated firm, focused on developing, building, owning, and managing beautiful places where people want to be!

Our Accounting team is growing, and we are looking to add a Property Accountant. This role will require a high degree of collaboration both as a member of a team and cross-functionally. The Property Accountant will work closely with Lease Compliance, Construction, Development, Property Management, Finance, Leasing, Legal, and Tenant Coordination. Relationship building, coupled with a strong work ethic, will be key components to success. This role requires at least two days in office at our Chestnut Hill office.

The Property Accountant will be responsible for a portfolio of properties including a more complicated staffed property that will be reviewed by a Manager and this role will also issue less complicated properties monthly / quarterly without a Manager's review. The Property Accountant will be responsible for the monthly preparation of financial statements including balance sheets, income statements, variance analyses, property / tenant statistics, and general ledger reconciliations.

This position will also work on upper and lower tier entities within a structure and will take a first pass at REIT testing, where applicable. This position will also be responsible for preparing cash distribution worksheets that will determine if a distribution to the partners is warranted. This role will prepare annual budgets for properties and respond to any questions pertaining to year-end work with outside auditors. The Property Accountant will also work with Tenants and internal clients, responding to inquiries and questions regarding the assigned properties in the portfolio. Ability to maintain both GAAP and Tax reporting for complex properties. Ability to understand all components of tenant leases. Ability to successfully manage cash for complex properties.

The Property Accountant will also be required to prepare Common Area Maintenance and Real Estate Tax tenant billings on a quarterly and / or monthly basis. He / She will also be responsible for Percentage Rent billings for properties and preparing tenant water billbacks on a quarter and / or semi-annual basis for assigned properties.

The Property Accountant will also be responsible for reviewing the work of less experienced Property Accountants as well as provide training on properties that are usually smaller and less complicated. This position will give feedback on Associates that they supervise and may sit in on annual reviews.

We are looking for someone who enjoys working within a team and can collaborate across all levels of the organization. An ideal candidate is someone who has passion, work ethic, and who wants to make a positive impact in a growing organization. To be successful, the individual in this role will be detail oriented, highly organized, and will understand the sense of urgency for critical deadlines. But can also conceptualize the big picture.