Property Accountant
Job Description
Property Accountant
About the Role
We are seeking an experienced Property Accountant to join our growing commercial real estate portfolio. This role is ideal for a detail-oriented accounting professional with strong commercial property experience who thrives in a fast-paced environment managing multiple assets. Experience with industrial/warehouse properties is a significant plus.You will be responsible for the full-cycle accounting of a portfolio of commercial properties, ensuring accurate financial reporting, timely tenant billing and collections, and proactive variance analysis. This position plays a key role in supporting property operations, investor reporting, and strategic decision-making.
Key Responsibilities
- Manage day-to-day accounting for a portfolio of commercial properties (office, retail, and industrial/warehouse assets).
- Prepare monthly, quarterly, and annual financial statements, including income statements, balance sheets, and cash flow reports.
- Handle tenant billing, rent collections, CAM (Common Area Maintenance) reconciliations, and lease administration accounting.
- Process accounts payable and receivable, including vendor invoices, tenant bill-backs, and security deposit accounting.
- Perform bank reconciliations, general ledger maintenance, and month-end/year-end close processes.
- Develop and monitor property-level budgets and forecasts; prepare variance analysis and explain deviations to management.
- Track capital expenditures, tenant improvements, and lease incentives; maintain fixed asset and depreciation schedules.
- Assist with annual property tax accruals, insurance allocations, and real estate tax appeals support.
- Prepare supporting schedules for external audits, lenders, and investor reporting packages.
- Ensure compliance with GAAP, internal controls, and company accounting policies.
- Collaborate with property management teams, asset managers, and leasing teams to resolve tenant disputes and optimize financial performance.
- Analyze property performance metrics (e.g., occupancy, NOI, tenant retention) and provide actionable insights.
- Support ad-hoc projects such as property acquisitions, dispositions, or refinancing.
Qualifications & Requirements
- Bachelor s degree in Accounting, Finance, or a related field required.
- CPA license or CPA candidate is strongly preferred.
- Minimum 4+ years of progressive accounting experience, with at least 2 3 years specifically in commercial real estate property accounting.
- Strong understanding of commercial lease structures, CAM reconciliations, tenant improvements, and real estate-specific accounting.
- Experience with industrial/warehouse properties is a plus (e.g., triple-net leases, warehouse operating expenses, square-footage-based allocations).
- Proficiency in Yardi, MRI, RealPage, or similar property management accounting software.
- Advanced Excel skills (pivot tables, VLOOKUPs, complex formulas, data analysis).
- Solid knowledge of GAAP and real estate financial reporting standards.
- Excellent organizational skills with the ability to manage multiple properties and deadlines.
- Strong communication and interpersonal skills; ability to collaborate across departments.
Preferred Skills & Attributes
- Experience with multiple property types (especially industrial/warehouse, office, and retail).
- Familiarity with construction-in-progress accounting and lease accounting under ASC 842.
- Working knowledge of Power BI, Tableau, or other financial reporting tools.
- Proactive, solution-oriented mindset with high attention to detail and accuracy.
- Ability to work independently while contributing to a team environment.